Private Banker

Old National Bank; Milwaukee (WI); On-site; USD 75,000 - 110,000; Full time

Benefits offered by this job

Health insurance

401K

Education opportunities

Employee assistance

Job summary

Old National Bank is seeking a Private Banker to deliver exceptional client experiences with personalized financial guidance for Private Banking clients meeting deposit thresholds. You will drive sales across deposit and lending products, and collaborate with Wealth/Mortgage/Commercial teams to meet clients’ evolving needs.

The role emphasizes building and retaining a client portfolio, proactive needs assessments, and ongoing relationship management with senior professionals.

Qualifications

• Bachelor’s Degree and 1–3 years’ experience with a financial institution focusing on client service and sales.
• Must demonstrate a high level of professionalism and financial/banking industry knowledge, superior client service.
• NMLS registered or ability to obtain NMLS registration.
• Financial Planning background preferred, but not required.
• Bachelor’s Degree Required.

Responsibilities

• Conduct initial needs assessment and engage ONB partners according to needs.
• Collaborate with a Wealth Advisor to manage and deepen client relationships.
• Self-source new client opportunities and refer to internal units as appropriate.
• Maintain up-to-date knowledge of Private Banking products and industry trends.
• Identify a subject matter area to generate centers of influence and new opportunities.

Skills

Client service

Sales experience

Financial knowledge

Education

Bachelor’s Degree

NMLS registration

Financial Planning background

Job description

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.

We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

Responsibilities

The Private Banker is responsible for the delivery of an exceptional client experience that provides personalized financial guidance and expertise to existing and prospective Private Banking clients. By definition, a Private Banking client is required to maintain total deposit balances of $250,000 or more in qualified accounts at Old National. Qualified accounts include personal and business deposit accounts (checking, savings, money market and time deposits), investments and trust assets held at Old National with the same "Owner(s)" as the Private Banking checking account. Business deposits qualify if client is a 25% owner of the business and tracked as a beneficial owner on the account. An alternative pathway to receive Private Banking benefits/services is through Old National’s Private Prestige program, a step‑up program which is designed for emerging professionals in certain qualifying professions and who are within the first 10 years of starting their career. Clients in this program have 10 years from the account opening date to qualify for Private Elite status.

The Private Banker is the primary driver of sales for all Private Banking deposit and lending products, a key connector to internal business partners that provide clients with access to specialized financial needs (Wealth/Mortgage/Commercial), and a demonstrated industry expert that can build and retain a relationship portfolio.

Quarterback for the Private Banking Relationship :

• Conduct initial needs assessment for customer and engage appropriate ONB business partners according to identified needs.
• Working collaboratively with an ONB Wealth Advisor as a team, effectively manage and deepen client relationships within portfolio. This includes but is not limited to providing a superior level of client service, conducting regular meetings and calls with clients to review pertinent financial information, engaging product partners/specialist in client meetings and product delivery, and continuing to understand and provide solutions designed to meet the best interests of the client as their needs change and evolve.
• Work with appropriate support team to monitor and execute all tasks required to fulfill customer's service plan/objectives and meet day-to-day inquiries from the client.

New Business Development (Self‑Sourcing)

• Prospect and self-source new client opportunities through all available means including internal and external client referrals, networking, reviews of existing books and expanded relationship opportunities, calling efforts, client entertainment, participation in organizations or associations where high/ultra-high net worth customers can be identified, etc.
• Actively identify and refer business opportunities to internal business units where appropriate including Wealth, Community, Mortgage, Treasury Management and Commercial Banking. Strong working knowledge of these lines of business is required in order to provide confident responses & direction to customers.

Product Knowledge (ONB And Subject Matter Area Of Expertise)

• Maintain up-to-date advanced knowledge of Private Banking product offerings and processes, changing legislation, and current industry trends and practices and utilizing those as a part of the relationship management process.
• Identify, focus and engage in a subject matter area of expertise that provides unique exposure to specific areas of industry. Leverage this exposure to gain access and opportunity for new business development and creation of centers of influence.

Key Competencies for Position

• Communication and Collaboration
• Drive and Execution
• Client Leadership

Qualifications And Education Requirements

• Bachelor’s Degree and a minimum of 1-3 years’ experience with a financial institution focusing on client service and sales, preferably in the affluent/high net-worth segment, strongly desired
• Must demonstrate a high level of professionalism and financial/banking industry knowledge , superior client service, and the ability to interact with clients and associates at all levels.
• NMLS registered or ability to obtain NMLS registration
• Financial Planning background preferred, but not required
• Bachelor’s Degree Required

Key Measures Of Success /Key Deliverables

• Customer Identification and Acquisition - Proactively screening (self-sourcing) and identifies prospects for Private Banking through self-sourcing and leveraging of customer information and converts those prospects into Private Banking customers .
• Strong Internal Collaboration and Relationships - Establishes a strong collaborative relationship with other LOB partners to generate internal referral opportunities and acquire and deepen customer relationships .
• Subject Matter Expertise - Acquire increased knowledge and experience in a particular industry (SME) in order to become “top of mind” in that industry, leverage external relationships and profile , and deliver an enhanced value add to customers .

Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.

As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.

We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, SVP, to fill a specific position.

Our culture is firmly rooted in our core values.

We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical.

We are Old National Bank. Join our team!