Northern Trust

Associate Banking Advisor

Northern Trust$114K — $194K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years of experience in financial servicing/accounting fields with client servicing expertise
  • Formal credit training with at least 1 year in credit analysis and underwriting
  • Strong knowledge of banking products and services
  • Analytical, problem-solving, and organizational skills
  • Ability to communicate effectively with clients and internal teams

Responsibilities

  • Assist Portfolio and Banking Relationship Advisors with client portfolios and internal account administration
  • Manage a portfolio of clients and present credit evaluations to Group Credit Committee
  • Coordinate daily client transaction activities, including deposits and inquiries
  • Develop action plans for client servicing and ensure proper execution with team members
  • Document client services and maintain communication on daily activities
  • Understand client needs behind service requests and facilitate necessary changes
  • Identify and implement improvements in service efficiency and delivery

Benefits

  • Comprehensive retirement benefits including 401k and pension
  • Health and welfare benefits such as medical, dental, and vision coverage
  • Paid time off along with parental and caregiver leave
  • Life & accident insurance with additional voluntary benefits
  • Discretionary bonus program that may include an equity component
Full Job Description
Major Duties :1. Assists the Portfolio Banking Advisors and Banking Relationship Advisors with client portfolios and internal administration of accounts; communicates regularly with clients, attends client meetings and presentations and assists Relationship Managers with business development plans and client presentations 2. As appropriate, manages a portfolio of clients and makes credit presentations at Group Credit Committee. 3. Coordinates with the Account Managers and CSST on deposit related transaction processing and to execute daily client transaction activity including account opening, exception clearing, overdrafts, fees, payments and borrowing; handles inquiry resolution; obtains appropriate documentation necessary for credit underwriting, monitoring and credit file maintenance; requests and ensures systems information is up-to-date; execution of client servicing events, communicating with clients and other internal and external partners 4. Oversees development of appropriate action plans for client servicing and coordinates with other team members across disciplines to ensure execution and follow-up 5. Documents services provided, specialized procedures and ongoing written communications with client as appropriate in managing daily activity 6. Develops clear understanding of clients need behind service requests and communicates to service partners. Obtains appropriate information from partners and client to facilitate service changes or transactions 7. Assists Relationship Managers with internal administration of accounts, business development and client presentations for Banking 8. Identifies service efficiency enhancements, process improvements and service delivery using creative and proactive measures 9. Communicates with clients regularly to inform them of account set-up or status, past due loans, document requests or other information 10. Develops and maintains working knowledge of loan agreements, financial statements and other documentation required to monitor client relationships 11. Is well versed in the compliance requirements for new accounts and relationships. Prepares compliance certificates, monitors loan document deficiencies and reviews compliance reports for adherence to policy and procedures 12. Reviews loan documents, submits loans requests for evaluation, may attend loan closings to help review documentation with clients, follows up on missing loan documentation 13. Develops and maintains a working knowledge of various business applications critical to relationship management including client on-line tools 14. Participates in inter-discipline training within the office/region. Acts as a technical resource or expert for other account managers on process or procedures for delivery of service 15. Coordinates commercial/custom approval process by submitting requests for underwriting and loan documentation and proactively engages in the renewal process by reviewing reports of maturing credits and coordinates the receipt of required information from client for renewal process 16. Coordinates due diligence on loans such as obtaining money market rates, ordering of appraisals and other items necessary for loan approval and booking 17. Carries out complex activities with significant financial, client and/or internal business impact 18. May have direct interaction with committees and/or Senior Management 19. Able to serve as a key subject matter expert and mentor to other more junior level employees 20. May manage daily operational activities and supervise day-to-day work of junior level employees (but not a formal management role) 21. More technically sound in area of expertise and has broader knowledge of other areas 22. Delivers a work product that requires less revision 23. Able to facilitate discussions and reach decisions Knowledge :Knowledge of banking products and services is required. Credit underwriting experience is required (obtained through working in the National Credit Services Center or at another financial institution). Knowledge of internal banking functions. Analytical, problem solving, and organizational skills required. Experience :5+ years experience, or equivalent, in financial servicing/accounting fields with client servicing background. Formal credit training is required with a minimum of one year experience performing credit analysis and underwriting Salary Range: $114,540 - 194,580 USD Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

About Northern Trust

Northern Trust is a global leader in delivering innovative investment management, asset and fund administration, and fiduciary and banking solutions to corporations, institutions, and affluent individuals. They have evolved with the changing needs of their clients and their world.

Northern Trust Careers

Joining Northern Trust means becoming part of a global financial services institution that is dedicated to providing expert guidance and innovative solutions to its clients. At Northern Trust, we pride ourselves on fostering a culture of leadership, diversity, and innovation, which makes us a premier destination for career growth in the financial industry.

Work You’ll Do

At Northern Trust, you will collaborate with some of the most talented professionals in the financial sector. Our team is committed to excellence and equipped with a diverse range of skills that contribute to our dynamic environment. Here, you will have the opportunity to lead projects that transform our services and drive significant value for our clients across the globe.

Explore Job Opportunities and Internships

Whether you are starting your career or looking to make a significant impact in the financial industry, Northern Trust offers a variety of job opportunities and internships that will help you achieve your professional goals. From entry-level positions to leadership roles, our company is actively hiring individuals who are passionate, curious, and driven to excel.

Innovative Work

Northern Trust is at the forefront of financial innovation. Our employees are encouraged to think creatively and leverage cutting-edge technologies to solve complex problems. By joining our team, you will work on pioneering solutions that redefine the standards of financial services.

Be Part of a Great Team

Our team at Northern Trust is more than just a group of employees – we are a community. We value collaboration, and our culture is built on mutual respect and a commitment to diversity and inclusion. Working with us, you will experience a supportive network that is passionate about sharing knowledge and ideas.

Future-Proof Your Career

Northern Trust is dedicated to your professional development. We offer comprehensive benefits, diversity training, and numerous resources to help you grow your career. With our support, you can expand your skills, gain valuable experience, and achieve professional certifications that will enhance your career trajectory.

Stay Connected

Join Our Team

Discover the perfect role for you at Northern Trust by exploring our current job openings that match your skills and interests. We are looking for professionals who are solution-driven and eager to contribute to our legacy of financial excellence.

Keep Up to Date

Stay informed with the latest career tips, industry insights, and professional growth opportunities—all available through our careers blog. At Northern Trust, we ensure that our team members are always ahead in the industry.

Job Alert Emails

Customize your experience by subscribing to job alerts and insider tips tailored to your preferences. At Northern Trust, exciting and rewarding opportunities are always on the horizon, and we are eager to see where your talents can take us. Join Northern Trust today and be part of a company that values innovation, leadership, and a diverse and inclusive workplace. Here, every position is a chance to contribute to something bigger and to turn your job into a meaningful career.
Learn more about Northern Trust
Size
21,100 employees
Market Cap
$18.1 billion
Industry
Net Income
$1.2 billion
Founded
1889
5 Year Trend
+4.9%
Revenue
$6.1 billion
NASDAQ

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