Private Bank Portfolio Manager II

associatedbank; Chicago (IL); On-site; USD 90,000 - 130,000; Full time

Benefits offered by this job

401(k) and Pension plans

Paid time off to volunteer

Colleague Resource Groups

Competitive salaries with development

Employee stock purchase plan

Military benefits

Job summary

Associated Bank’s Wealth Management team seeks a Private Bank Portfolio Manager II to manage a diverse portfolio of private banking, commercial, and CRE relationships. You will analyze financials, structure credit solutions, and present underwriting recommendations to ensure credit quality and client retention.

Required: bachelor's in business/finance/accounting and 2+ years in private or commercial banking with credit knowledge. 4+ years preferred.

Qualifications

• Bachelor's degree in Business, Finance, Accounting or equivalent.
• 2+ years of private banking or commercial banking experience with credit knowledge.
• Access to reliable transportation and the ability to lawfully drive, if applicable.

Responsibilities

• Manage and monitor a portfolio of private banking, commercial, and commercial real estate relationships.
• Evaluate loan requests by analyzing financial statements, cash flow, collateral and repayment sources.
• Prepare credit presentations and underwriting recommendations for new and existing borrowing relationships.
• Develop financial analyses, profitability assessments, and lending recommendations.
• Oversee annual reviews, risk rating assessments, and covenant compliance.
• Partner with relationship managers and credit teams to address portfolio needs and client retention.
• Track portfolio metrics including maturities, documentation, and past due accounts.
• Identify opportunities to deepen client relationships with banking and financial services.

Skills

Credit knowledge

Financial analysis

Education

Bachelor's degree in Business, Finance, Accounting

Job description

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.

Join our Wealth Management team as a Private Bank Portfolio Manager II, where you will manage and underwrite a portfolio of complex private banking, commercial, and commercial real estate relationships. In this role, you will help ensure strong credit quality, support client retention and growth, and contribute to delivering comprehensive financial solutions that meet client needs.

Key Accountabilities

• Manage and monitor a portfolio of private banking, commercial, and commercial real estate relationships to ensure sound credit quality and compliance with lending policies and regulatory requirements.
• Analyze financial statements, cash flow, collateral, and repayment sources to evaluate loan requests and recommend appropriate credit structures.
• Prepare credit presentations and underwriting recommendations for new and existing borrowing relationships, identifying risks and mitigating factors.
• Support prospective and current client opportunities by developing financial analyses, profitability assessments, and lending recommendations.
• Oversee ongoing portfolio monitoring, including annual reviews, risk rating assessments, loan renewals, and covenant compliance.
• Partner with relationship managers, credit teams, and business partners to address portfolio needs, resolve credit issues, and support client retention efforts.
• Track and report key portfolio metrics, including loan maturities, documentation exceptions, financial reporting requirements, and past due accounts.
• Identify opportunities to deepen client relationships through additional banking and financial services while maintaining a strong presence within the community and marketplace.

Education & Experience

Required: Bachelor's degree in Business, Finance, Accounting, or an equivalent combination of education and experience.
2+ years of private banking or commercial banking experience with credit knowledge.
Access to reliable transportation and the ability to lawfully drive, if applicable.

Preferred

4+ years of private banking or commercial banking experience with credit knowledge.

Why You'll Love Working Here

This role offers the opportunity to work with complex client relationships while partnering with experienced banking professionals across multiple disciplines. You'll play a key role in managing credit quality, supporting client growth, and delivering meaningful financial solutions that help clients achieve their goals.

We welcome and encourage applications from all qualified parties, including but not limited to people returning to the workforce, people with disabilities, those without a college degree, and veterans or those with military experience.

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.
• Bonus benefits including well-being programs and incentives, parental leave, an employee stock purchase plan, military benefits and much more.
• Personal banking, loan, investment and insurance benefits.

Associated Bank serves more than 120 communities throughout Wisconsin, Illinois, Minnesota, and Missouri and we consider our colleagues critical to our continued success.

Artificial Intelligence Statement

To support our recruiting process, we may use artificial intelligence ("AI") or automated technologies to collect, organize, sort, and analyze information submitted by applicants. These tools may assist our Talent Acquisition professionals in identifying applicants who appear to satisfy the minimum qualifications for a position. AI is not used to make employment decisions on behalf of Associated Bank. No applicant will be selected or rejected solely based on the output of an AI tool. Hiring decisions are made by Associated Bank personnel who review applicant information and exercise independent judgment in accordance with applicable law and company policies.

Compliance Statement

Associated Bank is an equal opportunity employer committed to creating a diverse workforce. We support a work environment where colleagues are respected and given the opportunity to perform