Private Banking Portfolio Manager
4 weeks ago
Job Summary
Eastern Bank is seeking a skilled Private Banking Portfolio Manager to join our team. As a key member of our private banking group, you will be responsible for growing our private banking portfolio and servicing our high net worth clients.
Key Responsibilities
- Meet assigned goals for portfolio growth, referrals, and new business, including new deposits, clients, wealth AUM, and revenue.
- Collaborate with internal business partners to identify new private banking opportunities and referrals.
- Work with assigned teams to ensure client needs are met, leveraging the bank's full capabilities to provide solutions.
- Adhere to onboarding guidelines and client experience practices to ensure client retention and delight.
- Provide high-level servicing to assigned portfolio of clients.
- Manage client financial circumstances, maintaining a strong relationship with the bank and providing valuable advisory services.
- Maintain extensive knowledge of deposit, lending, and cash management solutions to serve as a trusted advisor to clients.
- Participate in tactical programs to support private banking growth and provide strategic input into business plans and marketing.
- Contribute to new product development to increase the bank's penetration of target clients and markets.
- Participate in industry, community, and civic organizations to identify HNW opportunities and attend HNW events to interact with assigned portfolio.
- Prepare monthly client servicing and referral tracking/call report, documenting client contacts and discussions, and additional deposit, wealth, and loan activity generated by business development activities.
- Meet all bank operations and compliance requirements.
- Participate in continuing education programs as requested/required.
Requirements
- High school diploma or GED.
- Bachelor's degree in business, finance, or related field preferred or equivalent combination of training and work experience.
- Minimum 3 years of banking experience in a client service or management role.
- Strong knowledge of financial institution policies and procedures.
- May make in-market site visits to prospect/client business locations as needed.
- Strong organizational and communication skills, with the ability to communicate information and ideas effectively.
- Proven track record of service excellence and business development success.
- Computer literacy and experience working with banking-based applications strongly preferred.
About Eastern Bank
At Eastern Bank, we pride ourselves on supporting our employees by offering tremendous opportunity for individual growth. As an inclusive company, we work to ensure that our valued employees are treated fairly, recognized for their individuality, and encouraged to reach their fullest potential.
We are proud to offer comprehensive compensation plans and a benefits program called Total Rewards, which includes medical, dental, vision, life, and disability insurance, retirement, vacation, and tuition reimbursement.
Eastern Bank is an Equal Opportunity Employer of women, people of color, LGBTQIA+, religion, national origin, citizenship, neurodivergence, age, Veterans, individuals with disabilities, or any other characteristic protected by law.
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