Private Banking Associate

Private Banking Associate | NYC

???? $150K Base | $270K+ Target OTE | Equity

???? New York City | Hybrid, 34 Days In Office

Shields Group Search is partnering with a fast-growing wealthtech company building a modern, open-architecture private banking platform purpose-built for registered investment advisors and the independent wealth channel.

The company provides institutional-grade banking and lending solutions across securities-based lending, structured notes, residential mortgages, commercial real estate, premium finance, fine art lending, fund finance, deposits, and more.

Its platform connects advisors, lenders, and clients through a unified, AI-powered infrastructure designed to deliver private banking at scale. The team is building something new in wealth management and is looking for people who want to help define it.

The Role

The Private Banking Associate is a deal-focused execution role responsible for supporting the origination, processing, and closing of credit, mortgage, and cash management transactions for high-net-worth and ultra-high-net-worth clients referred through the companys RIA and family office partner network.

You will work closely with the Private Banking Director to move opportunities from submission through funded close, ensuring fast, accurate, and friction-free execution across the full deal lifecycle.

This is a role for someone early in their private banking or lending career who is eager to develop deep expertise across multiple product lines, build relationships with advisors and clients, and grow into a senior relationship role over time.

What Youll Do

Deal Execution Credit

Support origination, processing, and closing of securities-based lending, premium finance, fund finance, fine art lending, and other non-mortgage credit transactions

Coordinate with lenders across the companys banking partner network to manage submissions, track underwriting progress, and facilitate term sheet negotiation and closing

Maintain accurate deal records and pipeline tracking in HubSpot

Deal Execution Mortgage

Support residential mortgage transactions from application through funded close, including purchase, refinance, jumbo, and non-QM loans

Assist borrowers in assembling mortgage documentation for complex HNW profiles, including non-traditional income, trust and entity ownership, and concentrated assets

Coordinate with mortgage lending partners on submissions, underwriting, and closing timelines

Ensure every mortgage transaction closes on time and with a superior client experience

Cash Management & Deposits

Support advisors and clients in opening deposit accounts and establishing cash management solutions through the companys platform

Assist with account documentation, onboarding, and coordination with banking partners

Help advisors position cash management as an integrated part of the clients broader banking relationship with the company

Advisor & Client Support

Serve as a responsive, knowledgeable point of contact for advisors and clients throughout the deal process

Answer product and process questions, provide status updates, and escalate complex issues to the Private Banking Director

Assist in preparing client-facing materials, deal summaries, and lender packages

Support the Private Banking Director in business reviews, advisor meetings, and client calls as needed

What Were Looking For

46 years of experience in lending, banking, mortgage origination, or financial services, with private banking, wealth management, or specialty finance preferred

Familiarity with HNW borrower profiles and complex financial documentation is a strong plus

Strong attention to detail and ability to manage multiple transactions simultaneously in a fast-moving environment

Excellent communication skills and comfort interacting with advisors, clients, and lender partners

Proficiency with CRM tools, with HubSpot preferred, and strong organizational skills

NMLS registration is a plus for candidates with mortgage experience

Entrepreneurial mindset and comfort operating in an early-stage environment where process is still being built

What Success Looks Like

Deals move efficiently from submission to funded close with minimal back-and-forth or delays

Advisors and clients receive timely, accurate communication throughout every transaction

Documentation is complete, organized, and lender-ready on every submission

The Private Banking Director is well-supported and able to focus on senior relationship management while you manage execution

You are developing expertise across credit, mortgage, and deposits and beginning to take on more independent responsibility over time

What the Company Offers

Hands-on experience across multiple private banking product lines in a fast-growing wealthtech platform

Direct mentorship from senior private banking professionals and company leadership

Clear path to growth into a senior relationship management role

Collaborative team environment with direct access to leadership

Hybrid work environment in New York City, with 34 days per week in the office

$150K base salary

Target OTE of $270K+ with variable compensation tied to funded outcomes

Equity

Comprehensive benefits package