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PRIVATE BANKING DIVISION MANAGER

Stock Yards Bank and Trust
Louisville, KY Full Time
POSTED ON 1/20/2025
AVAILABLE BEFORE 4/19/2025

Job Description

Job Description

As a Private Banking Division Manager, your day will be filled with opportunities to lead a team of Private Bankers in the delivery of relationship management and new business development for clients and prospects and identify, solicit, service, deliver and coordinate the delivery of a broad range of financial products and services via team members. Banking and leadership experience is important while Stock Yards Bank will provide a professional environment to continually improve the candidate’s skills and to further his / her career goals for advancement within the banking profession.

Responsibilities

Daily responsibilities include, but are not limited to, the following :

  • Serve as a Manager / Lender, leading and supporting a team of Private Bankers in the delivery of a broad range of financial products and services to clients and prospects
  • Provide a team of Private Bankers with direct support and mentoring in all facets of credit underwriting, product delivery and new business development
  • Lead Private Bankers in the execution of proper sales and relationship management techniques, oversee their performance, provide appropriate feedback and support their growth
  • Evaluate loan requests and approve credits within approved authority and make credit recommendations to Executive Management
  • Analyze financial condition of clients and prospects to determine capacity for credit obligations
  • Negotiate credit terms and conditions to properly manage the Bank’s exposure to risk and ensure sufficient return
  • Spearhead and coordinate communication with other departments of the bank as to the functioning of processes, procedures, and operations
  • Work with EVP and Human Resources in recruitment and hiring of team members
  • Assist with expansion of market presence
  • Complete annual evaluations of employees, budget, and confirmation of incentive plans
  • Serve on internal Bank committees for review of policies and procedures
  • Support Bank’s commitment to community involvement by serving on external charitable Board of Directors and by attending functions
  • Responsible for managing / directing a Private Banking Division
  • Supervise Private Bankers and support staff
  • Effectively resolve employee problems and disputes, including employee performance as compared to stated goals, teamwork accountability, work quality, and any other job or workplace issues that occur.

Job Requirements

The successful candidate will have the following qualifications :

  • Bachelor’s degree, preferably in business, accounting, finance or banking / or equivalent education and related training – will consider equivalent, applicable years of experience
  • Minimum of 10 years banking experience with broad exposure to both consumer and commercial lending.
  • Minimum 2 years of leadership experience
  • Possess and demonstrate a broad, fundamental understanding of financial planning and investment concepts
  • Sound knowledge of retail bank credit and deposit products
  • Strong interpersonal, sales, sales management, relationship management and team building skills
  • Strong written, verbal and communication skills
  • Working knowledge of Microsoft Office desktop applications
  • Benefits

  • 401(k) with a company match of up to 6%
  • ESOP employer match
  • Medical insurance
  • Dental insurance
  • Vision insurance
  • Cancer / Disease insurance
  • Accident insurance
  • Flexible Spending Accounts
  • Health Savings Accounts
  • Bank paid Life / AD& D insurance
  • Voluntary Life / AD&D insurance
  • Bank paid Short-Term and Long-Term Disability insurance
  • Employee Stock Purchase Plan
  • Employee Assistance Program
  • Physical Requirements

    The physical demands described here are representative of those that must be met by an employee in order to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

    This position requires sitting the majority of the time with some walking and standing. All work occurs indoors and within regular working hours. The noise level in the work environment is usually moderate. While performing the duties of this job, the employee is regularly required to use hands and fingers, handle or feel, reach with hands and arms, and talk or hear. May stand for long periods on the teller line. The associate must occasionally lift and / or move up to 15 pounds.

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