Sr. Portfolio Banker - Global Family Office (GFO)
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About this role
About Northern Trust
As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.
Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.
With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.
Sr. Portfolio Banker - Global Family Office
Responsible for providing credit and banking to new Global Family and Private Investment Offices (GFO) relationships and broadening relationships of existing GFO banking clients. Manages ongoing complex credit and deposit relationships for the largest/most complex Family offices and generational family members and their investment structures. Develops and cultivates relationships with new and existing clients to enhance profitability of credit and deposit services for the Bank. Enhances quality of service to existing accounts and coordinates delivery of client service with other parts of the Bank.
Key Responsibilities:
Assists in the cultivation of new relationships with GFO Wealth Strategists and Relationship teams and develops the marketing strategy for specific prospects and clients. •Manages complex GFO banking, credit and treasury management client relationships and identifies opportunities external to banking in the areas of investment, fiduciary and deposits.
Responsible for structuring and negotiating complex loan agreements according to Credit Policy guidelines established by Credit Policy Committee
Analyzes and negotiates the terms of loans, such as special pricing conditions, covenants, interest rates, collateral advance rates, borrowing bases and swaps etc. according to guidelines set by the Credit Policy Committee. Oversees and negotiates the preparation of documentation necessary for the financing agreement
Advises and consults with clients as it relates to Goals Driven Wealth Management
Generates leads through well established relationships with COI’s and cultivates a network of additional COI’s
As a team member, provides comprehensive, in-depth consulting and leadership to team and partners at a high technical level
Carries out activities that are large in scope, cross-functional and technically difficult
Role is balanced between high level operational execution and development and client service
Responsible for direct interaction with different committees and/or management.
Strategic in developing, implementing and administering programs within functional areas• Leads others to solve complex credit problems
The successful candidate will benefit from having:
At least 5 to 7 years year in financial analysis, credit underwriting, commercial lending with an emphasis on fund and investment financing along client servicing experience
May lead functional teams or projects with moderate resource requirements, risk, and/or complexity •Advanced knowledge of the banking industry, competition and financing, usually acquired through formal education and experience is required.
Knowledge of investments and investment structures including Private Equity and Hedge Funds, trust and trust structures to create proper loan structures and credit terms
Skills in negotiation, leadership and sales are necessary to develop the client and prospect relationships and a partner network
Excellent oral and written communication skills are required
Highly flexible and adaptable to change in high demand environment
Interprets internal/external business challenges and recommends best practices to improve risk mitigation, processes or services
Communicates difficult concepts and negotiates with others to adopt a different point of view
Requires specialized depth and/or breadth of expertise in own job discipline or field
Salary Range:
$137,400 - 233,600 USDSalary 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.
Work Authorization
Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).
Working with Us
As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.
Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.
Reasonable Accommodation
Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.
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