Job summary
Job post source
This job is directly from Comerica Bank
Job overview
The Private Banking Officer IV at Comerica Bank is responsible for new business development, portfolio management, and underwriting to support high net worth clients, contributing to the bank's profitability and client relationship management.
Responsibilities and impact
The role involves increasing bank profitability through customer service and new business cultivation, managing client portfolios and loan commitments, advising on loan structures, negotiating terms, selling bank products, and participating in community involvement and special projects.
Compensation and benefits
The salary is to be determined based on experience, with benefits including a retirement plan with 401(k) matching, paid time off, employee stock purchase plan, medical/dental/vision insurance, flexible schedules, parental leave, and community volunteer opportunities.
Experience and skills
Candidates must have a Bachelor's degree, completion of a Commercial Credit Training Program, and at least 7 years of experience in commercial or private lending, client portfolio management, and financial sales.
Work environment and culture
Comerica emphasizes employee investment with a comprehensive Total Rewards package supporting health, well-being, development, and security, and promotes a flexible work schedule with 2-5 days in the office.
Company information
Comerica Incorporated is a financial services company headquartered in Dallas, Texas, operating in multiple states and segments including Commercial Bank, Retail Bank, and Wealth Management, focusing on relationships and client success.
Job location and travel
The position is based in Comerica Bank locations with a work schedule of 8:00am to 5:00pm Monday through Friday, with 2-5 days in the office depending on the week.
Application process
Applicants undergo a comprehensive background and fingerprint check, credit check, and NMLS certification where applicable, in compliance with the SAFE Act.
Unique job features
The job requires NMLS certification and involves working with high net worth clients in a role that combines sales, portfolio management, and underwriting within a respected financial institution.
Company overview
Comerica Bank is a prominent financial services company headquartered in Dallas, Texas, specializing in commercial banking, retail banking, and wealth management. The bank generates revenue through interest income from loans, fees from various banking services, and investment management. Founded in 1849, Comerica has a rich history, including significant expansions and mergers, such as the acquisition of Sterling Bank in 2011, which bolstered its presence in Texas. The bank is known for its strong focus on relationship banking and personalized financial solutions.
How to land this job
Position your resume to highlight your experience in managing high net worth client portfolios, new business development, and underwriting, emphasizing your ability to balance client needs with bank profitability.
Focus on showcasing skills in loan structuring, negotiation, and sales of credit and non-credit financial products, including trust and treasury management services, as these are key responsibilities.
Apply through multiple platforms such as Comerica Bank's official corporate careers site, LinkedIn, and reputable financial job boards to maximize your application reach.
Connect with Private Banking or Wealth Management professionals at Comerica Bank on LinkedIn; start conversations by referencing recent company news, asking about team culture, or inquiring about key success factors for the Private Banking Officer role.
Optimize your resume for ATS by incorporating keywords from the job description such as 'portfolio management,' 'commercial lending,' 'new business development,' 'loan underwriting,' and 'financial sales' to ensure your resume passes initial screenings.
Use Jennie Johnson's Power Apply feature to automate tailored applications across multiple channels, optimize your resume for ATS, and identify LinkedIn contacts in Comerica's Private Banking division, freeing up your time to prepare for interviews and network effectively.
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