VP Wealth and Private Banking

VP Wealth and Private Banking

Wichita, KS 67202; BROOMFIELD, CO 80021

Overview

Salary Range $145,514.92 - $181,893.65 Salary Level Senior Position Type Full Time Job Shift Day Education Level 4 Year Degree

Description

We recognize that in order to meet the needs of our communities, we must represent our communities. Our success relies on creating a culture where we have diverse perspectives and a true sense of belonging. This is a journey, and we pledge to do more than simply check the box.

When you join the Meritrust team, your benefits will include:

• Comprehensive medical insurance plan
• Dental and vision insurance
• Generous paid-time-off
• 12 paid holidays
• 401(k) plan
• Wellness program
• Tuition assistance
• Employee loan discount
• Employee Assistance Program (EAP)
• Life and disability coverage

What sets working for Meritrust apart?

• Career development and pathing opportunities to move into leadership roles or other lines of business within MCU such as Commercial Lending, Finance, Marketing, Underwriting, Member Solutions, Training, Human Resources, and more.
• Supportive and engaging work environment.
• A wellness and sustainable work culture that puts family, Mother Nature, our community, and your health first.
• A work environment that encourages personal as much as professional growth, teamwork to make the dream work, and treating everyone equally.

Studies have shown that individuals from marginalized and or historically underrepresented groups may be less likely to apply for jobs unless they meet every one of the qualifications listed. We are most interested in finding the best candidate for the job. We would encourage you to apply for a job at Meritrust Credit Union, even if you don't meet every one of our qualifications listed.

This is a full-time position working 40 hours a week, Monday-Friday 8:00am - 5:00pm

POSITION SUMMARY:

The Vice President, Wealth & Private Banking is responsible for the strategic leadership, growth, integration, and operational excellence of Meritrust's Wealth Management Private Banking programs. This role ensures a unified strategy across Wealth Management and Private Banking to deepen member relationships, expand wallet share, and deliver an elevated member journey for those households meeting the programs' criteria.

The Vice President, Wealth & Private Banking leads strategic growth initiatives, oversees regulatory and supervisory requirements, develops talent across wealth management and private banking teams, strengthens brand presence, and drives enterprise wide integration. This individual partners closely with Executive Leadership, Retail, Lending, Marketing, Risk, Compliance, and LPL Financial to deliver a cohesive, member centered wealth experience combining deposits, lending, planning, investment management, and advisory solutions.

Essential Functions

Strategic Growth & Enterprise Alignment

• Develop and execute the strategic plan for Wealth Management and Private Banking.
• Align Private Banking with Wealth Management for a unified member experience on shared households and joint planning opportunities.
• Establish targets for production, recurring revenue, AUM, loan growth, and internal referrals.
• Position Wealth and Private Banking as core contributors to the credit union's long term growth strategy.
• Ensure operational plans align with enterprise goals.

Financial & Operational Leadership

• Prepare and manage the annual operating budget.
• Oversee daily, monthly, and annual production reporting.
• Lead planning, implementation, and execution of the Wealth Management and Private Banking business plans.
• Monitor Advisor and Private Banker business plans to ensure performance and accountability.

Talent Development & Leadership

• Recruit, develop, and retain high performing Financial Advisors, Private Bankers, and support staff.
• Coach team members in individual business planning and member engagement strategies.
• Conduct performance reviews, goal setting sessions, and accountability meetings.
• Identify training needs and support professional development.
• Foster a culture of collaboration, excellence, and member advocacy.

Member Experience & Service Excellence

• Ensure consistent delivery of exceptional service throughout the Wealth Management and Private Banking member journeys.
• Design and implement service models tailored to affluent and high net worth members.
• Partner with Retail and Lending to deepen member relationships.
• Lead escalated issue resolution in partnership with Compliance and broker dealer partners.
• Promote a fiduciary centered, consultative approach to guidance and planning.

Compliance, Risk & Governance

• Ensure adherence to all Credit Union, broker dealer, FINRA, SEC, insurance, and regulatory requirements.
• Oversee supervision of registered representatives under LPL Financial standards.
• Partner with Compliance on complaints, audits, errors, and supervisory reviews.
• Complete all required regulatory and annual compliance training (BSA, AML, OFAC).
• Uphold confidentiality and ethical practices.

Marketing, Branding & Business Development

• Collaborate with Marketing on strategic campaigns aligned with business objectives.
• Strengthen the Meritrust's Wealth Management and Private brand presence and market positioning in all markets.
• Promote educational programming and thought leadership initiatives.
• Build community and professional referral networks.

General Accountabilities

• Model Meritrust's Mission, Purpose and Core Values through leadership and decision making.
• Partners functionally to support enterprise initiatives.
• Protect confidential member information and uphold the highest ethical standards.
• Perform additional duties as assigned.

Qualifications

Education/Certification:

• Bachelor's degree required.
• Certified Financial Planner (CFP®) designation preferred.
• Series 7 and series 65 or 66 are required.
• Series 24 preferred.
• Life, Health, and Accident insurance license required.

Required Knowledge:

• Strong understanding of financial planning, investment advisory platforms, and credit union operations.
• Knowledge of securities regulations, insurance requirements, and broker dealer supervisory expectations.
• Understanding of integrating lending, deposits, and advisory services into a cohesive member strategy.
• Familiarity with compliance frameworks including FINRA, SEC, BSA/AML, OFAC, and LPL supervisory systems.

REQUIRED EXPERIENCE

• Minimum five years of revenue generating experience in the securities and insurance industries.
• Minimum three years of leadership or management experience.
• Demonstrated success leading high performing advisory teams.
• Experience developing and executing strategic business plans.
• Experience managing integrated service models (lending, deposits, advisory) preferred.

HARD/TECHNICAL Skills/Abilities:

• Leadership: Sets clear direction and communicates performance expectations, production targets and service standards in transparent and measurable way. Provides coaching to support development of team and achievement of individual/team goals. Drives accountability following up on progress, opportunities and recognizing team achievements.
• Communication Skills: Ability to communicate complex financial concepts, strategic priorities, expectations, and regulatory guidance clearly and appropriately across all levels of the credit union. Capable of using communication skills to strengthen trust, drive collaboration, support compliance and enhance the member experience.
• Relationship Building: Builds and sustains high trust relationships with members, team and internal partners to ensure cohesive member centric experience. Promotes a consultative, fiduciary focused approach that deepens member loyalty. Collaborates with advisors, private bankers and partners across the organization to coordinate service delivery.
• Strategic Thinking: ability to anticipate future opportunities and market trends, translating them into actionable strategies to strengthen the credit union's competitive position in wealth management and private banking