BNY Mellon Careers

Private Banking Associate II

Chicago, Illinois
Wealth Management

Job Description

BNY Mellon Wealth Management is a leading wealth manager. In 2017, it was ranked as a Top 10 U.S. Wealth Manager by Barron’s. It was also awarded Best Private Bank for Customer Service in the U.S. by Financial Times publications Professional Wealth Management and The Banker. The firm has more than two centuries of experience in providing services to clients who today include financially successful individuals and families, their family offices and business enterprises, planned giving programs, and endowments and foundations. It has $238 billion in total client assets, as of December 31, 2017, and an extensive network of offices in the U.S. and internationally. BNY Mellon Wealth Management, which provides investment management, custody, wealth and estate planning and private banking services, conducts business through various operating subsidiaries of The Bank of New York Mellon Corporation. For more information go to or follow us on Twitter @BNYMellonWealth.


The Private Banking Associate II is responsible for assisting Private Bankers in managing and recording/tracking day-to-day sales activities and programs; assisting bankers with completing securities-based loan requests and structured loan requests into the PBSI Service Desk;  monitoring the credit approval and loan documentation process; keeping advisors and clients informed of the status of loans in process and coordinating loan advances. Substantial independence in day to day management of, and decision making on, client matters and opportunities is important. The incumbent also assists in preliminary review of securities that will be used as collateral.


The incumbent also assists in management of the day to day banking relationship for an assigned portfolio of banking clients. All of the assigned clients are high profile investment clients. Responsibilities include client inquires/requests; coordinating KYC/AML processes and procedures for client portfolio; coordinating communication with the clients and advisors and executing and managing any projects relative to advisor/client portfolios.



Undergraduate degree or commensurate experience preferred. The qualified candidate must have 3-5 years client service experience with banking products (including deposit, loan processing and brokerage products). Knowledge of bank lending and credit policies and procedures. Strong communication skills (verbal and written). The incumbent must address a variety of client-initiated concerns/questions on a recurring basis. Ability to handle difficult client situations is critical in developing new business opportunities with client, as well as existing business. Must be able to handle multiple issues and meet short deadlines. Capable of managing assigned clients and tasks with minimal direction. The incumbent will be a direct point of contact with the client. Also, meet the servicing requirements of the Private Banking clients which includes, but is not limited to, identifying and ensuring a high level of customer satisfaction. The incumbent will interact with internal/external clients both verbally and via written communication. The incumbent must demonstrate sensitivity to the client's concerns and project a professional image when dealing with the client. The incumbent must be able to effectively interact with professionals at all levels (both internally and externally) in order to provide responses to inquiries received and to ensure that the business unit accurately interprets and complies with instructions provided. Ability to make decisions and take actions independently within the policies and procedures of the corporation.


For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments & safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark:

As one of the nation's leading wealth managers, BNY Mellon Wealth Management is dedicated to helping individuals, families, planned giving programs, endowments, foundations and other institutions with all of their wealth and investment planning needs. By providing integrated products, services and solutions, we help them capitalize on opportunity while managing risk. Backed by more than two centuries of experience, we understand our clients' needs and deliver customized strategies to help them reach their goals.

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer.
Minorities/Females/Individuals With Disabilities/Protected Veterans.

Primary Location: United States-Illinois-Chicago
Internal Jobcode: 30092
Job: Wealth Management
Organization: WM Private Banking-HR14968
Requisition Number: 1808684

Tags: EFC:US: 26-A, 32-D, 8-A