PWM Relationship Manager

U.S. Bank • Minneapolis, MN

9h

About The Position

U.S. Bank Private Wealth Management (PWM) helps clients identify and achieve their financial objectives. The Private Wealth Management (PWM) Senior Relationship Manager is responsible for building a team of trust, banking and investment professionals around high net worth clients or client relationships. Proactively engages with their assigned relationships to ensure top level service is delivered. Responsible for retention and growth of assigned client relationships. Partners with PWM Product Specialists to provide counsel and expert advice in all areas of PWM (Trust, Private Banking and Investments) to ensure comprehensive financial advice and planning for clients, and fiduciary administration and adherence to compliance requirements. PWM Senior Relationship Managers in this role will be assigned to large revenue generating, complex multi-layered/multi-generational relationships that will require maintaining strong connectivity with external advisors. Relationship Managers will need deep subject matter expertise, tenure in their role to effectively manage the type of relationships that will be in their assigned books of business. This position requires National Mortgage Licensing System (NMLS) registration under the terms of the S.A.F.E. Act of 2008 and Regulation Z. You will be subject to the required registration process, which includes a criminal background and credit check. Failure to meet or maintain any of the NMLS registration requirements, including maintaining a satisfactory criminal and credit record, may result in a rescission of your offer or termination of employment.

Requirements

• Bachelor's degree, or equivalent experience
• 10 or more years of related experience interacting with High and Ultra High Net Worth clients
• National Mortgage Licensing System (NMLS) registration under the terms of the S.A.F.E. Act of 2008 and Regulation Z.
• Satisfactory criminal background and credit check for NMLS registration.

Nice To Haves

• Established network with strong relationship management, networking, and business development skills
• Thorough knowledge of U.S. Bancorp Banking, Trust, and Investment products and services
• Ability to partner with colleagues to identify and service unique clients needs
• Ability to facilitate large scale, multi-generational family meetings and interact with multi-family offices and other client advisors
• Experience profiling clients and formulating customized strategies to address their needs
• Holistic approach to managing client relationships with the ability to organize and prioritize a team of specialists
• Effective communication skills and ability to simplify complex concepts for audiences with different levels of sophistication
• Professional designation such as MBA, JD, CFP, CFA, or CPA is preferred

Responsibilities

• Building a team of trust, banking and investment professionals around high net worth clients or client relationships.
• Proactively engaging with assigned relationships to ensure top-level service is delivered.
• Retention and growth of assigned client relationships.
• Partnering with PWM Product Specialists to provide counsel and expert advice in all areas of PWM (Trust, Private Banking and Investments).
• Ensuring comprehensive financial advice and planning for clients, and fiduciary administration and adherence to compliance requirements.
• Maintaining strong connectivity with external advisors for complex, multi-layered/multi-generational relationships.
• Managing client relationships effectively, requiring deep subject matter expertise and tenure.

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