Northern Trust

Sr. Banking Director

Northern Trust$236K — $414K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree required; advanced degree preferred.
  • Over 10 years of experience in banking and relationship management.
  • Proven track record in new business development and client acquisition.
  • Strong leadership skills demonstrated through team management.
  • In-depth understanding of credit and banking solutions.

Responsibilities

  • Generate new banking relationships in loans, deposits, and fees.
  • Lead a team focused on banking business growth and client retention.
  • Manage a diverse portfolio of banking and lending clients.
  • Source and develop new business opportunities with team collaboration.
  • Conduct performance management and identify training needs for the unit.
  • Make key staffing decisions including hiring and termination.
  • Participate in and contribute to the team's long-term business planning.

Benefits

  • Comprehensive healthcare benefits including medical, dental, and vision.
  • 401k plan with company matching and pension options.
  • Generous paid time off including parental and caregiver leave.
  • Disability and life accident insurance protections.
  • Discretionary bonus program with potential equity component.
Full Job Description
Major Duties : 6 Generates new, new banking relationships - loans, deposits and fees (swaps, banking and investment management) - for Northern Trust
6 Leads a team of scorecard bankers, responsible for the growth and retention of the banking business of that team
6 Manages a book of banking and lending clients relative to the size and needs of the team
6 Sources, directs and participates in the development of new business. Personally sources and partners with the bankers on the team to source. Coordinates strategies for enhancing client relationships and developing new relationships. Individual goals will be that of a Banking Relationship Advisor
6 Conducts the performance management process, identifies training and development needs, and establishes performance standards for the unit
6 Partnering with the Banking Practice Leaders, determines staffing needs, makes hiring and termination decisions
6 Handles salary administration, and ensures resources are available to accomplish priorities
6 Participates in developing the team's business plan and sets goals and priorities based on the direction set for the team. Follows through to ensure objectives are met
6 Provides leadership and guidance to banking partners, fostering an environment which encourages partner participation, teamwork, and communication
6 Researches potential markets, develops client referral sources, and initiates contact with prospects to promote and sell the bank's capabilities in all disciplines - banking, trust and investments
6 Identifies and solves complex, operational and organizational problems leveraging the appropriate resources within or outside the department
6 Guided by organization functional business plans, impacts the department results by supporting and funding of projects, products, services and/or technologies

Knowledge : 6 Outstanding new business development skills and experience required.
6 Deep knowledge of banking industry and all credit and banking solutions through formal education and experience is required to lead the team and to serve client relationships.
6 Investment, trust and personal financial consulting concepts usually through experience are necessary to identify opportunities for cross selling.
6 Decision making, negotiation, and delegation skills are necessary to lead the team and develop client relationships.
6 Leadership and organizational skills are required to determine team goals, resources needed, to assess and develop the skills of the banking team and to grow the banking business
6 Applies knowledge of key business drivers and the factors that maximize department performance

Experience : 6 College degree required and at least 10 years of related experience
6 Manages multiple related teams, sets departmental priorities and allocates resources to align with business objectives and annual plan

Salary Range:
236,555 - 414,115 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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