Chief Private Banking Officer

U.S. Bank • Minneapolis, MN

2d • Onsite

About The Position

The Chief Private Banking Officer provides enterprise leadership for Wealth Management’s Private Banking business, accountable for strategy, growth, and performance across affluent, high‑net‑worth, and ultra‑high‑net‑worth client segments. The role leads a relationship‑driven private banking platform serving clients with $250K in investable assets through $75M+ in net worth, delivering integrated banking, credit, and wealth solutions while maintaining strong risk discipline and regulatory alignment. This role exists to grow primary client relationships, drive balanced revenue across deposits, lending, and fees, and ensure Private Banking is a differentiated and scalable component of the Bank’s broader Wealth Management strategy.

Requirements

• 15+ years of progressive leadership experience in Private Banking, Wealth Management, or Banking
• Demonstrated success leading businesses serving affluent, HNW, and UHNW clients
• Deep expertise in banking products, credit, balance‑sheet management, and regulatory environments
• Proven ability to lead senior leaders and influence across the enterprise

Nice To Haves

• Enterprise mindset with strong commercial judgment
• Executive presence with clients, regulators, and internal stakeholders
• Client-centric while maintaining strong risk discipline
• Builder and developer of talent and teams
• Collaborative, decisive, and outcomes‑focused

Responsibilities

• Set and execute the Private Banking strategy aligned with enterprise priorities.
• Drive sustainable growth in core deposits, loan balances, and non‑interest income.
• Optimize client profitability and balance‑sheet usage in partnership with Finance and Treasury.
• Establish clear performance metrics focused on growth, efficiency, and risk‑adjusted returns.
• Ensure delivery of a consistent, high‑quality private banking experience across all markets.
• Lead an advice‑based, relationship‑led model integrating: Deposits and cash management, Customized credit and lending solutions, Wealth advisory and investment management (in partnership), Trust, estate, and philanthropic planning.
• Act as executive sponsor for select key client relationships and centers of influence.
• Provide executive oversight of complex and customized credit portfolios.
• Ensure adherence to all regulatory, compliance, and risk management standards.
• Partner closely with Risk, Compliance, and Legal to promote a strong risk culture.
• Participate in governance forums (e.g., Credit Committees, as applicable).
• Lead, develop, and retain high‑performing Private Banking leaders and teams.
• Build a strong leadership bench and succession pipeline.
• Collaborate across Wealth Management, Commercial Banking, Treasury Management, Operations, and Technology to deliver One‑Bank solutions.
• Promote a culture grounded in client focus, accountability, and doing the right thing.

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: Executive
• Education Level: No Education Listed