Private Wealth Management – Managing Director

 

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed.  We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

The Private Wealth Management Managing Director reports directly to the Private Wealth Management Regional Market Lead and is responsible for the sales and business development activities of their assigned market. This individual provides leadership to a team of Advisors to execute on the Private Wealth Management strategy and to grow market share. This individual must be customer obsessed and foster a team culture that is customer obsessed while overseeing relationship management, business development activities and related risk.

Responsibilities

• Sustain profitability and annual growth of the Advisory teams
• Drives for results by effectively managing client acquisition programs and sales management activities, and by executing in the local Advisory teams any identified term efficiency and continuous improvement programs
• Participates in cross Bank teams leadership committees, and partners closely with the local Bank Market President
• Leads the business development efforts for the Advisory teams, collaborating with key Business Units within the Bank to create relationships where we are central to our clients by driving broader relationships and a deeper share of their wallet
• Lead to overall strategy for Advisory teams focused on the Private Wealth approach to customer acquisition and retention, by integrating Wealth and Bank wide initiatives and programs into the local teams, and ensuring execution with clients
• Builds strong, effective partnerships with colleagues across the enterprise to work together
• Lead Talent Management focus within the teams, to include development of employees that are learning, growing and keeping the customer central to everything U.S. Bank does
• Create and sustain a tone within the Advisory teams that is compliant with regulatory requirements and Bank risk and compliance standards
• Actively ensure compliance with the U.S. Bank Code of Ethics and all Anti-Money Laundering, Bank Secrecy Act, information security and suspicious activity reporting requirements, policies and procedures.  Actively participate in any required corporate and business line training in these areas.  Follow account opening procedures and understand and follow internal suspicious activity referral requirements and processes, as required for this position. Actively work with customers to understand each customer's normal account activity, as appropriate for this position.

Key Skills Requirements

• 15+ years of financial services experience
• 8+ years of sales management experience
• BA/MBA in finance, accounting, or other related field

Qualifications

• Extensive knowledge of Banking, Trust and Investment products and services
• Banking experience with High and Ultra High Net Worth clients
• Knowledge of Wealth Management and relation to industry
• Strong leadership abilities and strong verbal/written communication skills
• Strong analytical, decision-making and problem-solving skills
• Considerable tact, diplomacy and people skills
• Strong interpersonal and influence/partnership skills
• Experience and credibility as a sales leader with strong relationship management skills
• Professional designation preferred, such as CFP or CFA

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits: 

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

• Healthcare (medical, dental, vision)

• Basic term and optional term life insurance

• Short-term and long-term disability

• Pregnancy disability and parental leave

• 401(k) and employer-funded retirement plan

• Paid vacation (from two to five weeks depending on salary grade and tenure)

• Up to 11 paid holiday opportunities

• Adoption assistance

• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $181,730.00 - $213,800.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.