Portfolio Manager, Private Banking

Associated Bank • Minneapolis, MN

1d • $85,400 - $146,400 • Onsite

About The Position

At Associated Bank, we strive to create an inclusive culture where different perspectives are valued and recognized as strengths critical to our success. If you thrive in an environment where your growth and development are encouraged and supported, then Associated Bank may be the right place for you. Associated Bank requires you to directly represent yourself and your own experiences during the recruiting and hiring process. Associated Bank conducts a thorough background check on all new hires. The Portfolio Manager, Private Banking role involves managing and growing a portfolio of complex private banking and commercial relationships while ensuring strong credit quality and client satisfaction. This role blends financial analysis, relationship support, and risk management to drive sound lending decisions. You’ll gain exposure to sophisticated clients and opportunities to expand your expertise across Wealth Management. At Associated Bank, you’ll work alongside experienced professionals in a collaborative, growth-focused environment where your contributions directly impact clients and the business. We invest in your development and provide opportunities to expand your skills across multiple banking disciplines. Associated Bank serves more than 120 communities throughout Wisconsin, Illinois, Minnesota, and Missouri and we consider our colleagues critical to our continued success. At Associated Bank, our purpose is to uplift our customers, community and colleagues to be financially stronger. We do this through our relentless focus on people, with a winning spirit, by listening before we act and with a commitment to achieve together.

Requirements

• Bachelor’s degree in Business, Finance, Accounting, or related field
• 7+ years of private banking or commercial banking experience with strong credit expertise handling complex relationships
• Valid driver’s license and reliable transportation (if applicable)

Nice To Haves

• Experience managing large, complex credit portfolios and mentoring junior team members

Responsibilities

• Manage a portfolio of private banking and commercial relationships to ensure strong credit quality and client retention
• Analyze financial statements and cash flows to evaluate loan requests and recommend appropriate structures
• Prepare credit presentations and opportunity memos, clearly outlining risks, mitigants, and profitability
• Monitor portfolio performance, including loan repayments, financial condition, and covenant compliance
• Partner with Relationship Managers and internal teams to support client needs and manage renewals
• Conduct annual reviews and risk rating assessments to maintain accurate portfolio oversight
• Identify cross-sell opportunities across banking services to deepen client relationships
• Participate in client meetings and community activities to strengthen market presence

Benefits

• Retirement savings including both 401(k) and Pension plans
• Paid time off to volunteer in your community
• Opportunities to connect with others through our diversity-focused Colleague Resource Groups
• Competitive salaries with professional development and advancement opportunities
• Well-being programs and incentives
• Parental leave
• An employee stock purchase plan
• Military benefits
• Personal banking, loan, investment and insurance benefits

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Number of Employees: 501-1,000 employees