PWM Relationship Manager

U.S. Bank•Minneapolis, MN

1d•$149,515 - $175,900•Onsite

About The Position

At U.S. Bank Private Wealth Management (PWM), we help clients identify and achieve their financial objectives. The PWM Senior Relationship Manager is responsible for building a team of trust, banking, and investment professionals around high net worth clients or client relationships. This role proactively engages with assigned relationships to ensure top-level service delivery and is responsible for the retention and growth of these client relationships. The manager partners 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, along with 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 require maintaining strong connectivity with external advisors. These managers need deep subject matter expertise and tenure in their role to effectively manage 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, including a criminal background and credit check. Failure to meet or maintain NMLS registration requirements may result in offer rescission 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 and credit record to meet and maintain NMLS registration requirements.

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

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.
Responsible for 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.
Ensuring fiduciary administration and adherence to compliance requirements.
Maintaining strong connectivity with external advisors for complex, multi-layered/multi-generational relationships.
Managing assigned books of business effectively, leveraging 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
Incentive and recognition programs
Equity stock purchase
Pension (all benefits are subject to eligibility requirements)