Fifth Third Bancorp

Managing Director II, Private Bank

Fifth Third Bancorp$160K — $200K *
Finance & Insurance
11 - 15 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree required; advanced degrees are beneficial (CFP/CFA, MBA preferred)
  • At least 12 years of relevant investment experience, including investment management and trust
  • Proven expertise in business development
  • Strong collaborative skills necessary for team dynamics
  • Exceptional communication capabilities essential for client engagement

Responsibilities

  • Lead the Private Bank for your region, enhancing client relationships and acquiring new ones
  • Achieve private bank goals for assets under management (AUM) and net income growth
  • Cultivate a high-performing team of Wealth Management Advisors and bankers to meet productivity goals
  • Oversee talent acquisition, coaching, and retention for the Private Bank staff
  • Implement the 'One Bank' strategy to drive new business opportunities
  • Ensure a consistent and exceptional client experience across all households in the Private Bank
  • Represent the bank at community and industry events to strengthen the Private Bank brand

Benefits

  • Comprehensive benefits supporting physical, financial, emotional, and social well-being
  • Participation in an incentive compensation plan based on performance
  • Opportunities for personal and professional development through coaching and challenges
  • Engagement in community service and professional representation of the bank
  • Support for succession planning and benched strength development
Full Job Description
GENERAL FUNCTION: Managing Director II, Private Bank oversees all aspects of private bank activities that service the needs of high net-worth and ultra-high-net worth clients. Ensures that client relationships are developed and expanded and that the resources of the entire organization are properly leveraged to provide an efficient and exceptional client experience.  Develops and implements strategic plan for the region to achieve Private Bank financial and client experience outcomes. Drives execution of key strategic initiatives within Wealth and Asset Management/Private Bank and the region. Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined.  Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience.  While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types. ESSENTIAL DUTIES AND RESPONSIBILITIES: Serve as a leader of the Private Bank for the region including liaising with national functions such as National Sales Effectiveness, Wealth Planning, Fifth Third Investment Management Group, Personal Trust, and Insurance.  The primary objective is to grow revenue, by deepening client relationships and acquiring new clients while enhancing client experience for the Private Bank of the assigned region. Achieve the region’s Private Bank goals for AUM, balance sheet, specialty fee and HH growth as well as Net income and PPNR. Creates effective sales culture and high performing team of credentialed Wealth Management Advisors (WMAs), Private Bankers and Private Bank client service associates and specialists; leads team to achieve performance productivity goals while enhancing employee engagement. Lead Talent Acquisition and Management; Actively recruit, develop, coach and retain individuals in the above positions. Develop and leverage internal and external talent pipelines Lead and execute on the "One Bank" strategy with the other lines of business to acquire new business Deliver excellent and consistent client experience to all households in the Private Bank; achieve client experience metrics. Execute on defined operating rhythms, sales management practices and disciplined expense management reflecting a well- run organization with a focus on operational excellence  Represent the bank as the senior wealth leader in the region and enhance the Private Bank brand through speaking opportunities, board involvement and community service. Assist Region President with development of growth initiatives while working closely on special service needs. Drive prospect pipelines and generate new business through individual efforts, COIs and successful execution and follow up of region marketing activities. SUPERVISORY RESPONSIBILITIES: Providing employees timely, candid and constructive performance feedback; developing employees to their fullest potential by providing challenging opportunities; developing the appropriate talent pool to ensure adequate bench strength and succession planning; recognizing and rewarding employees for accomplishments. MINIMUM KNOWLEDGE, SKILLS AND ABILTIES REQUIRED: BS/BA required. CFP/CFA and MBA preferred. Minimum of 12 years related Investment experience (e.g., investment management and trust). Proven business development skills. Demonstrated ability to collaborate. Excellent communication skills. Normal office environment with little exposure to dust, noise, temperature and the like. Extended viewing of CRT screen. Managing Director II, Private Bank The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance. Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: or by consulting with your talent acquisition partner.  LOCATION -- Atlanta, Georgia 30326 Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting.  Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third.  Any unsolicited resumes – no matter how they are submitted – will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.

About Fifth Third Bancorp

Fifth Third Bancorp is a diversified financial services company, that specializes in small business, retail banking, investments, and mortgage.

Fifth Third Bancorp Careers

Join the vibrant team at Fifth Third Bancorp, a leading financial services company that values innovation, leadership, and diversity. As part of our commitment to professional growth and excellence, we offer a range of job opportunities that empower you to advance your career while contributing to the financial success of our clients. Work You’ll Do At Fifth Third Bancorp, you’ll be part of a culture that cherishes innovation and strategic thinking. Our team is dedicated to providing outstanding financial solutions to individuals and businesses alike. By joining us, you will collaborate with some of the industry’s most talented professionals, using your skills to influence positive change and drive efficiency. Explore a variety of career paths in areas such as finance, technology, customer service, and risk management. Whether you are looking for a full-time position, an internship, or leadership roles, Fifth Third Bancorp offers a dynamic environment where your career can flourish. Innovative Work Engage in projects that harness cutting-edge technology and innovative financial practices. At Fifth Third Bancorp, your work will directly impact our mission to improve lives and contribute to the economic stability of the communities we serve. Our team’s collaborative efforts lead to groundbreaking solutions, setting new standards in the financial industry. Be Part of a Great Team Fifth Third Bancorp is not just a company; it’s a community. Here, diversity and inclusion are at the core of our employment philosophy, ensuring every team member’s voice is heard and valued. We offer diversity training programs that enhance our understanding and appreciation of various perspectives, fostering an inclusive workplace. Future-Proof Your Career With Fifth Third Bancorp, you are set on a path of continuous professional development. Benefit from comprehensive benefits, mentorship, and networking opportunities that propel your career forward. Our leadership is committed to your success, providing support and guidance as you navigate through your career milestones. Stay Connected Join Our Team Discover the array of job opportunities at Fifth Third Bancorp by exploring positions that match your skills and interests. We are constantly hiring creative, curious, and motivated individuals who are ready to make a significant impact. Check out our current openings and find where you fit into our exceptional team. Keep Up to Date Stay informed with the latest career tips, industry insights, and professional growth opportunities available at Fifth Third Bancorp. Our careers blog is a resource for potential and current employees, offering valuable information to enhance your work experience and expand your knowledge base. Job Alert Emails Customize your experience by subscribing to receive job alerts, news, and insider tips tailored to your preferences. Discover the exciting and rewarding career opportunities waiting for you at Fifth Third Bancorp. At Fifth Third Bancorp, we are more than just a bank. We are a place where careers are nurtured, achievements are celebrated, and diversity is embraced. Are you ready to take the next step in your professional journey? Join us and be part of something great.
Learn more about Fifth Third Bancorp
Size
19,247 employees
Market Cap
$22.3 billion
Industry
Net Income
$1.4 billion
Founded
1858
5 Year Trend
+4.4%
NASDAQ

Similar Jobs

More Jobs at Fifth Third Bancorp

More Finance & Insurance Jobs

Find similar Managing Director II, Private Bank jobs: