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Private Banking Relationship Manager I/II/III

Job Overview

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Employment Type

Full-time
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Compensation

Type:
Salary
Rate:
Range $44,000.00 - $91,900.00
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Benefits

Health Insurance
Dental Insurance
Paid Time Off
Retirement Plan
Professional development assistance
Employee Discounts
performance bonuses

Job Description

This job opportunity is with a prestigious financial institution that specializes in private banking services tailored for high-net-worth and high-income clients. The organization is renowned for delivering personalized financial solutions that include credit, deposit, investment, insurance, and fiduciary services. As a private banking provider, the institution values a team-oriented approach to ensure that their clients receive comprehensive and concierge-style financial management. The culture emphasizes professionalism, client engagement, and the development of long-term banking relationships.

The role of Private Banking Relationship Manager is designed to offer a superior level of hands-on financial services to the bank's most valued customers. These cl... Show More

Job Requirements

  • Four-year college education or equivalent work experience
  • 5 years banking experience or related work experience to include previous lending experience
  • Knowledgeable of private banking and the bank financial products and services
  • Knowledge of deposit and loan products, as well as bank policy
  • Knowledge of document preparation and new accounts systems
  • Knowledge of negotiable instruments
  • Complete understanding of the requirements of properly securing a loan
  • Familiar with state and federal regulations and bank policies relating to credit
  • Knowledge of sales principles
  • Knowledge of basic investment strategies implemented by high net worth clients
  • Knowledge of basic estate planning strategies implemented by high net worth clients
  • Knowledge of basic insurance strategies implemented by high net worth clients
  • Superior judgment in making loan decisions
  • Experience dealing with sophisticated clientele
  • Experience in recognizing and handling troubled loans and problem customers
  • Thorough knowledge and understanding of loan and deposit debits and credits
  • Strong analytical ability
  • Advanced interpersonal skills
  • Must possess effective verbal and written communication skills
  • Proven ability to build relationships
  • Customer contact and sales and service skills
  • Ability to work with others
  • Ability to lead the work of others
  • Prefer degree in finance, accounting, insurance, business, related field, or equivalent experience
  • Bank branch work preferred
  • Previous investment experience with 7, 63 or 66, and insurance licensure preferred
  • 7 years banking experience or related work experience to include previous lending experience for Level II
  • Minimum 10 years experience managing a private banking loan portfolio with a proven track record in sales ability/aptitude and business development for Level III
  • Required 7, 63 or 66, and insurance licensure for Level III
  • Previous investment or trust experience while not required is considered beneficial for Level III

Job Qualifications

  • Four-year college education or equivalent work experience
  • 5 years banking experience or related work experience to include previous lending experience
  • Knowledgeable of private banking and the bank financial products and services
  • Knowledge of deposit and loan products, as well as bank policy
  • Knowledge of document preparation and new accounts systems
  • Knowledge of negotiable instruments
  • Complete understanding of the requirements of properly securing a loan
  • Familiar with state and federal regulations and bank policies relating to credit
  • Knowledge of sales principles
  • Knowledge of basic investment strategies implemented by high net worth clients
  • Knowledge of basic estate planning strategies implemented by high net worth clients
  • Knowledge of basic insurance strategies implemented by high net worth clients
  • Superior judgment in making loan decisions
  • Experience dealing with sophisticated clientele
  • Experience in recognizing and handling troubled loans and problem customers
  • Thorough knowledge and understanding of loan and deposit debits and credits
  • Strong analytical ability
  • Advanced interpersonal skills
  • Must possess effective verbal and written communication skills
  • Proven ability to build relationships
  • Customer contact and sales and service skills
  • Ability to work with others
  • Ability to lead the work of others
  • Prefer degree in finance, accounting, insurance, business, related field, or equivalent experience
  • Bank branch work preferred
  • Previous investment experience with 7, 63 or 66, and insurance licensure preferred
  • 7 years banking experience or related work experience to include previous lending experience for Level II
  • Minimum 10 years experience managing a private banking loan portfolio with a proven track record in sales ability/aptitude and business development for Level III
  • Required 7, 63 or 66, and insurance licensure for Level III
  • Previous investment or trust experience while not required is considered beneficial for Level III

Job Duties

  • Coordinates entire credit approval process, including loan approval within lending authority for consumer and commercial relationships, including partnering with mortgage expert
  • Services a loan portfolio, including credit and collateral exceptions and past dues
  • Work with partners to provide deposit solutions and other retail services to meet the needs of our clients
  • Work with team to provide non-bank solutions to meet the clients needs: planning, investments, insurance, and fiduciary services
  • Coordinate the development of new private banking business and call on potential or existing customers to develop new business and promote company services and solutions
  • Maintain professional community relations, including leadership roles, to increase the bank's visibility and new business opportunities, and to further professional development
  • Provide financial and banking advice and counseling through a team approach to Trustmark's "BEST" clients
  • Perform additional duties as assigned
  • Cross-train, lead and develop team of associates to promote maximum productivity, engagement, succession planning and overall contribution to strategic organizational goals
  • Provide advice and guidance to subordinate officers on complex credit decisions

Job Location

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