Business Development Executive (BDE) - Institutional Client Group

U.S. Bank • Salt Lake, UT

10d • Hybrid

About The Position

The Institutional Client Group (ICG) at U.S. Bank is seeking new Business Development Executives (BDEs) to drive growth by building a network of contacts and leads, identifying new opportunities, and cultivating strong client relationships. This role focuses on acquiring new corporate and commercial banking clients with over $50 million in annual revenue. The BDE will be responsible for identifying, prospecting, and acquiring these clients, with success measured by their ability to cultivate leads, secure new business, and contribute to the bank’s revenue and market share growth. The role is tailored for a results-driven professional passionate about building client relationships and expanding the bank’s market presence.

Requirements

• Bachelor’s degree in Business, Finance, or a related field, or equivalent work experience.
• 10+ years of proven success in a corporate/commercial banking environment with a focus on new client acquisition.
• Strong understanding of commercial banking products and services, including credit, treasury, and cash management.
• Strong, established network in this BDE’s assigned market.
• Background in a formal business development role within mid- and large-cap banking sectors.
• Proficiency with CRM platforms and prospecting tools.
• Exceptional communication, negotiation, and presentation skills.
• Entrepreneurial mindset with a strong drive to achieve ambitious growth goals.
• Ability to build trust and credibility with clients and internal stakeholders.

Responsibilities

• Identify potential commercial clients through market research, industry networks, referrals, and events.
• Develop and execute a strategic prospecting plan to build and maintain a robust pipeline of new business opportunities.
• Initiate contact and engage with decision-makers, presenting tailored banking solutions that meet client needs.
• Conduct thorough needs assessments and deliver compelling proposals to secure new client relationships.
• Stay ahead of market needs by providing insights on market trends and tailored financial strategies.
• Stay informed about market trends, competitor offerings, and industry developments to position the bank as a leader in commercial banking.
• Leverage market intelligence to identify untapped opportunities and optimize outreach strategies.
• Collaborate with internal teams (RMs, Treasury, Payments, Credit, etc.) to deliver seamless onboarding experiences for new clients.
• Represent the bank at community and industry events, enhancing brand visibility and credibility.
• Monitor client satisfaction and resolve issues promptly, ensuring long-term loyalty.
• Achieve and exceed monthly, quarterly, and annual new business development goals through robust scorecard measurement.
• Maintain accurate and up-to-date records of prospecting activity, pipeline status, and closed deals in CRM tools.

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Associate degree