Private Banking Officer III or IV - Scottsdale

Private Banking Officer

There are important qualities you look for in an employer meaningful work, community engagement, competitive benefits, commitment to employee development, and so many more. At Bankers Trust, our team members experience an inclusive and community-focused culture and we're proud of the premier workplace we've created. We regularly receive best in class results through our biennial employee engagement survey. We're also proud to receive recognition from others, including our designation as a "Best Place for Working Parents," being a four-time recipient of the Greater Des Moines Partnership's Inclusion Award, and being named one of the "Best Businesses Supporting Local Charity" by readers of the Business Record.

Job Summary:

The primary purpose of this position is to develop and maintain banking, lending and wealth management relationships with affluent individuals and professional corporations by providing or referring commercial, consumer, mortgage, investment and trust products and services. The primary functions for a Private Banking Officer I are: Business Development/Growth, Individual Portfolio Management, Generating Fee Revenue through deposits, loans and accumulation of Assets under Management; and Quality Service (both Internal and external). The position must keep in compliance with applicable laws, regulations and bank policies. The general customer base and portfolio size are up to 150 customer households.

Primary Functions and/or Responsibilities:

• Makes sales calls on current and prospective clients, specializing in specific industries to cater to a higher net worth client base. Analyzes each client's needs and develops creative solutions for all of their financial needs. This includes cross selling other banking services, such as Investment Management and Trust services.
• Originates specialty loan products and establishes appropriate risk assessment for loan portfolio. Evaluates loan requests and seeks required approvals, if required. Determines pricing methodology for new loan requests to ensure adequate portfolio yield.
• Ensures that all presented and approved loans are closed in a manner consistent with loan policies and prudent lending. Ensures that the majority of borrowing clients maintain a deposit relationship. Ensures that all deposit accounts are opened in a manner that meets all policies and obtains all the proper documentation and signatures for the accounts.
• Periodically reviews individual portfolios to determine if clients meet Private Banking criteria and if not, transfers them to appropriate area of the bank.
• Networks with other calling officers for referrals. Develops relationships with professional advisors, such as attorneys and accountants, for referrals.
• Maintains minimal levels of past due and classified loans and documentation exceptions.
• Remains current on changes to relevant federal/state laws
• Performs other duties as assigned

Education and/or Experience:

• Private Banking Officer I
  • Four-year B.A. or B.S. degree in Business, Accounting, Finance or related field preferred
  • One to three years of experience in the financial industry
• Private Banking Officer II
  • Four-year B.A. or B.S. degree in Business, Accounting, Finance or related field preferred
  • Three to five years of experience in the financial industry required

Specific Skills, Knowledge & Abilities:

• Knowledge of banking products, especially lending, cash management, consumer and investment products
• Knowledge of banking regulations with particular focus on credit structure issues and non-deposit retail investment rules
• Financial statement analysis skills
• Familiarity with basic estate & financial planning concepts
• Working knowledge of investment products and familiarity with wealth management services and strategies
• Basic Sales/Business Development techniques and practices
• Ability to interact effectively with professionals, executives, and other affluent individuals
• Ability to interact effectively with all bank divisions in delivery of services to clients and in sales process for prospective clients
• Willingness to participate and take leadership role in various community activities and programs
• Understanding and ability to utilize all applicable computer systems/programs and bank processes to execute required administrative tasks for own book of business
• Adequate knowledge of bank operations sufficient to provide satisfactory solutions to service requests from clients

Hiring Salary Range

The hiring range below reflects targeted base salary. Actual compensation will be determined based on the candidate's prior related experience & education and will be finalized at the time of offer. In addition to base salary, most positions are also eligible to participate in our annual bonus program. Select positions may also be eligible to earn incentives and/or commissions. Hiring Salary Range: PBO I $76,000 - $91,000 base, PBO II $88,000 - $104,500 base.

Benefits

• Group Health, Dental, and Vision Insurance
• Generous Paid Time Off (PTO)
• Volunteer Time Off (VTO)
• 401(k) plan with lucrative company match
• Tuition assistance
• Company Paid Life Insurance
• Paid Parental Leave
• Lifestyle Accounts that provide employees with reimbursement for the things that are most important to them such as childcare, student loan payments, gym memberships, pet insurance and much more.
• Team Member Banking - a suite of products and services with special benefits for employees

Hybrid Eligibility: Position may be eligible for a hybrid work schedule (requiring some days in the office each week).

Equal Opportunity Employer "Protected Veterans" and "Individual With Disability"