Private Banking Officer II

Frost Bank; Flower Mound (TX); On-site; USD 95,000 - 140,000; Full time

Benefits offered by this job

Medical, dental, vision insurance

401(k) matching

Tuition reimbursement

Paid time off

Job summary

A leading financial institution in Texas is seeking a Private Banking Officer II to manage affluent client relationships and drive new business. The ideal candidate will have 5+ years of experience in the financial industry and strong sales skills. This role requires the ability to work independently and a comprehensive understanding of financial products. The position offers competitive salary and benefits.

Qualifications

• 5+ years of experience in financial industry.
• NMLS license required.
• Ability to perform with limited supervision.

Responsibilities

• Develop, manage, retain and expand client relationships.
• Generate a minimum of $4.5 million in new business per quarter.
• Participate in community and professional activities.
• Monitor and manage client credit relationships by reviewing loan portfolios regularly.
• Collaborate with underwriting, investments, insurance, and other Frost lines of business.

Skills

Client relationship management

Sales skills

Financial analysis

Communication skills

Negotiation skills

Customer service skills

Microsoft Office

Education

Bachelor’s degree or equivalent work experience

Tools

Microsoft applications

Job description

Private Banking Officer II page is loaded## Private Banking Officer IIlocations: Flower Mound, TXtime type: Full timeposted on: Posted 8 Days Agojob requisition id: R252145# **Job Description*****It’s about caring for the generations ahead.***At Frost, it’s about more than a job. It’s about having a flourishing career where you can thrive, both in and out of work. At Frost, we’re committed to fostering an environment that reflects our values and encourages team members to be the best they can be. In joining our adaptable, integrity-driven team, you’ll become part of Frost’s over 150-year legacy of providing unparalleled banking services.**Who you are:**As a **Private Banking Officer II**, *you* will help customers manage their financial lives. Often, our private bankers are a helping hand to families for generations and continue to share their love and knowledge of finance with them. They do so by collaborating with other Frost lines of business, especially investments, insurance, and the customer’s other advisors, like attorneys and CPAs, to build a team around the customer. They work with a team to develop tailored plans based on customers’ needs and goals.**What you’ll do:*** Develop, manage, retain and expand client relationships within the affluent to high net worth markets (clients with $1.5-5 million in investable assets)* Generate a minimum of $4.5 million in new business per quarter and secure at least 10 new affluent client relationships annually* Actively make sales calls to clients and prospects. Engage in pre-call/post-call planning and strategy review* Monitor and manage client’s existing credit relationships by reviewing current loan portfolio on a regular basis* Identify and recommend products and services best suited to meet clients’ needs* Develop and maintain excellent working relationship with credit underwriting team* Participate in community and professional activities in order to enhance Frost’s image and expand personal network of business contacts* Develop, maintain, and enhance relationships with individuals whose circles of influence include potential new clients* Provide leadership within the private banking team, while remaining a team player* Accept special project assignments in support of the private banking group**What you’ll need:*** Bachelor’s degree or equivalent work experience* 5+ years of experience in financial industry* Working knowledge of financial analysis relating to personal financial statements and personal income tax returns* NMLS license; the ability to transfer license to Frost or obtain license within 60 days* Comprehensive understanding of lending practices and loan servicing requirements for personal finance needs* Specialized knowledge of client benefits offered by Frost’s brokerage, investment management, trust, and insurance groups* Ability to perform with limited supervision* Experience in managing a portfolio of affluent and high net worth clients* Demonstrated capacity to sell products and services within the financial services industry* Proven record of success in cultivating new relationships* Outstanding interpersonal, calling, sales, and negotiation skills* Excellent verbal, written, communication, organizational, and customer service skills* Proficient in Microsoft computer applications**Additional Preferred Skills:*** Series 7, 63, & Group 1 Insurance license (or attainment within 6 months).* Property and Casualty Insurance license* Certified Financial Planner designation* Certified Wealth Strategist designation* Completion of formal credit training**Our Benefits:**At Frost, we care about your health, your family, and your future and strive to have our benefits reflect that. This includes: * Medical, dental, vision, long-term disability, and life insurance* 401(k) matching* Generous holiday and paid time off schedule* Tuition reimbursement* Extensive health and wellness programs, including our Employee Assistance Program* Referral bonus program + more!Since 1868, Frost has dedicated their expertise to provide exceptional banking, investment, and insurance services to businesses and individuals throughout Texas. Frost is one of the 50 largest U.S. banks by asset size and is a leader in banking customer satisfaction. At Frost, it’s about being part of something bigger. If this sounds like you, we encourage you to apply and see what’s possible at Frost.# Our Most Important Relationship Starts HereFrost’s commitment to cultivate long-term relationships is one of the reasons we’re recognized as a premier employer in the financial services industry. To attract qualified professionals, we offer an environment that’s supportive of both your professional and personal goals by providing our employees with competitive salaries and an outstanding benefits package.Frost was named to **Forbes** magazine's list of the Best Employers.**Frost is an Equal Opportunity Employer and does not discriminate on the basis of any protected trait, including sex, sexual orientation, gender identity, race, ethnicity, disability, or veteran status.**