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Form of workFirst American Bank was founded in Chicago, and over the years has expanded throughout Wisconsin and Florida. As the largest privately held bank in Illinois, we now have over 60 locations and assets of $5+ billion. We are a community bank at heart with international expertise, traditional values, and a forward-looking philosophy. Our employees have the experience and vision to meet the needs of savers, borrowers, and businesses in the 21st century. First American Bank can offer employees a level of visibility, career growth, and stability that is difficult to find in many larger corporations.
This position is responsible for the management and direction of client advisory, financial planning, private banking and new business development within Private Wealth Advisory. Provide subject matter expertise on the Wealth Management Group’s strategic initiatives and offer direction, guidance, and decision making to achieve desired results.
DUTIES & RESPONSIBILITIES:
Develop and implement policies and strategies necessary to achieve financial goals of Private Wealth Advisory.
Integrate client advisory, investment management, private banking and business development to ensure a cohesive client experience and to deliver a consistent message to clients and prospective clients.
Develop, manage, and retain the most complex and important client relationships within Private Wealth Advisory.
Participate with bank partners in high end sales opportunities.
Work closely with Chief Investment Officer and Chief Fiduciary Officer to assure a cohesive message and product offering.
Hire, train, and mentor direct reports to assure First American Bank values and service standards are consistent. Prepare and conduct employee performance reviews for direct reports.
Oversee incentive compensation plans for staff in Wealth Advisory.
Manage expenses and resources to efficiently and effectively accomplish goals and objectives.
Develop and implement marketing initiatives.
Actively participate in any committee appointments.
QUALIFICATIONS:
College degree with advanced certificate or degree preferred.
Professional credentials such as CFP®, CPA, or CFA preferred.
Minimum 10 years of experience in the Wealth Management field with demonstrated experience in comprehensive financial planning, investment management, and business development required.
Strong written and verbal communications skills including ability to speak before groups.
Must be self-motivated and have excellent organizational skills.
Must have excellent computer skills.
Proficient with Microsoft Office products and the ability to learn and understand other systems and software easily.
Must be able to utilize technology to facilitate goals of the department.
This position requires regular travel by car to various locations throughout the Bank's Chicago market.
Occasional out-of-state travel may be required.
Typical hours are Monday-Friday 8:00 a.m.-5:00 p.m.
Additional hours will be required as workload dictates.
