BNY Mellon Careers

Private Banker - Boston

Boston, Massachusetts
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 bnymellonwealth.com or follow us on Twitter @BNYMellonWealth.

 

The incumbent will work with Wealth Management colleagues (Portfolio Managers and Sales Directors) in developing and broadening private banking relationships. The qualified candidate will be responsible for developing new and managing existing high net worth clients/accounts in order to maximize private bank lending, deposit, and self-directed brokerage business, to develop prospect relationships, and to enhance/grow/retain client relationships. The incumbent is responsible for attainment of business targets including loans, deposits, brokerage-based and fee-based products and the revenue attendant to these sales. This position is intended for experienced commercial and/or private bankers with a proven track record of successful business and relationship development. Incumbent will be responsible for the most complex and sensitive borrowing relationships. Will work in tandem with Private Banking Regional Director to ensure Region's profitability/production goals are met. Travel is required.

 

Qualifications

Candidate must have a proven background in commercial and/or private bank lending and an understanding of credit policies and underwriting procedures. The individual must possess strong verbal and written communication skills; the ability to work collaboratively in a team environment and be a positive influence; be detail-oriented and adept at problem solving and be comfortable in working in a fast-paced environment. Undergraduate and/or MBA preferred with a minimum 10 years of banking experience. Completion of a formal credit training program or equivalent work experience required. Candidates must possess Series 7 and 63 licenses or obtain such licenses within the first six months of employment.

 

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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: bnymellon.com/careers.

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-Massachusetts-Boston
Internal Jobcode: 03964
Job: Wealth Management
Organization: WM Private Banking-HR14968
Requisition Number: 1812026