U.S. Bank Ascent Private Capital Management of U.S. Bank Associate Director, Private Banking in SAN FRANCISCO, California
Ascent Private Capital Management is a boutique multi-family office business that is a division of U.S. Bank Wealth Management. The Associate Director role is an opportunity to join a family office team that advises families of significant wealth across the full spectrum of Ascent services.
The Associate Director will support a team of two Managing Directors for the One California Team located in San Francisco and San Diego. This is a unique opportunity for a passionate, articulate, team-oriented, introspective and obsessively detailed individual to gain a front-row seat to work with a small group of families with the average net worth exceeding $100 million. This associate will gain exposure to complex private banking and lending structures and processes and is expected to have client facing interactions on a day-to-day basis.
Responsibilities will include the day-to-day operations; implementation, servicing and monitoring of our client banking accounts and loan portfolio. This individual will also:
• Coordinate with internal teams for banking and credit reporting reviews
• Manage and maintain the Ascent client experience to the standard set forth for these clients by responding to account inquiries
• Perform account maintenance, executing transactions (transfers, withdrawals, distributions, wires, payments, fee waivers)
• Prepare and review documents for client meetings (focusing on accuracy, completion, fulfill standard regulatory and compliance guidelines
• Partner with the Ascent Service Desk and other back office support areas while still taking ownership of the client experience.
• Support standards for managing banking portfolio in a manner that ensures compliance with banking regulations, policies and procedures, credit quality and credit policy requirements.
• Ensure the credit worthiness of customers, maintaining proper risk ratings, works with clients on collateral requirements for new or existing loans.
• Utilize knowledge gained though training and experience to provide timely problem research and resolution in the areas of investment management, trust administration and private banking and to assist senior managers with major client issues.
• Requires National Mortgage Licensing Service (NMLS) registration under the terms of the S.A.F.E. Act of 2008 and Regulation Z and ongoing compliance with all legal or regulatory registration requirements, including, but not limited to maintaining a satisfactory criminal and credit record.
• Actively ensures compliance with the U.S. Bank Code of Ethics and all Anti-Money Laundering, Bank Secrecy Act, information security and suspicious activity reporting requirements, policies and procedures. Actively participates in any required corporate and business line training in these areas. Follows account opening procedures and understands and follows internal suspicious activity referral requirements and processes, as required for this position. Actively works with customers to understand each customer’s normal account activity, as appropriate for this position.
• Bachelor’s degree, preferably in Economics, Finance and Accounting
• Minimum of 5 years of experience in a banking/lending related function with relationship management responsibilities
• Top performer in his/her discipline
• Thorough knowledge of wealth management services and banking operations
• Eager to grow within a highly dynamic, entrepreneurial environment
• Thrives in a challenging, fast-paced setting
• Desire to learn, curious, and passionate about client experience
• Analytical rigor and demonstrable Excel modeling capabilities
• Strong organization and time management skills
• Communicate articulately, efficiently and effectively
Job: Relationship Management
Primary Location: CA-CA-San Francisco
Shift: 1st - Daytime
Average Hours Per Week: 40
Requisition ID: 190009236
U.S. Bank is an Equal Opportunity Employer committed to creating a diverse workforce.
U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.
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