Minneapolis, MN, 55405, USA
1 day ago
Ascent Managing Director of Client Advisory
At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One. **Job Description** Ascent services clients with net worth in excess of $75MM, with average client assets above $100MM. The **Managing Director, Client Advisor (MDCA)** is the lead relationship manager and team coordinator for a dedicated, highly skilled integrated team of industry credentialed individuals who provides extraordinary service to an exclusive group of UHNW clients. In this role, the MDCA serves as the generalist _relationship manager_ and primary point of contact for these highly complex clients on behalf of Ascent. In addition, the MDCA has a key role in developing Ascent’s presence in the ultra-high-net-worth (UHNW) market including representation of the business segment in the region and at community events along with developing and closing new business opportunities. The MDCA will manage complex client relationships with families or individuals that have a least $75mm in net worth. In order to best fit this firm’s unique culture, the ideal candidate would possess “quiet confidence”, is not ego-centric and performs best in a highly collaborative, collegial, team-approach model. The MDCA should be able to thrive in an environment working with exceptional people, with the ability to work alongside highly trained and educated professionals. The MDCA reports directly to the Regional Managing Director for the region. The MDCA as generalist relationship manager and primary point of contact for a group of moderately to highly complex client relationships. The MDCA will drive and coordinate the activity of the Ascent team providing a full complement of services to the client group, will demonstrate an ability to identify, develop and close sales opportunities from both new outside clients as well as from deepening relationships with the existing clients. The MDCA will expand Ascent's presence in the ultra high net worth market including representation of the business segment in the region at community events as well as within the broader bank. **Essential Functions:** + Responsible for retention, development and growth of book of business + Provide and/or coordinate advice and counsel to clients and prospects in the areas of private banking, personal trust and investments. + Ensure the fiduciary and client advisory functions are performed at an exceptional level while maintaining proper risk management and client satisfaction + Proactively identify potential business opportunities and/or high-risk situations + Responsible for providing assistance and support across all wealth management functions (investment, trust and banking) and all front office duties to ensure the Ascent client experience is consistently meeting the standards set forth by leadership. **Minimum Requirements:** + At least 10-12 years of UHNW family client leadership/advisory with consultative focus. + Extensive UHNW client and COI network in the market they are leading + Prefer advanced expertise that is directly relevant to UHNW clients (JD, LLM, CPA, MBA, CFA, CAIA, etc.), or a track record of working with these types of professional resources. + Wealth management experience in the areas of investments, banking, fiduciary services and/or finance. + Currently reside in the local area or have significant relevant experience and relationships in the region + Industry leading business development and networking acumen + Public speaking ability and experience **Preferred Skills/Experience** + Well-developed leadership abilities and strategic management skills + Thorough knowledge of division and relation to industry + Strong verbal and written communication skills + Well-developed analytical, decision-making and problem-solving skills + Considerable tact, diplomacy and people skills If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants (https://careers.usbank.com/global/en/disability-accommodations-for-applicants) . **Benefits:** Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours): + Healthcare (medical, dental, vision) + Basic term and optional term life insurance + Short-term and long-term disability + Pregnancy disability and parental leave + 401(k) and employer-funded retirement plan + Paid vacation (from two to five weeks depending on salary grade and tenure) + Up to 11 paid holiday opportunities + Adoption assistance + Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law **EEO is the Law** U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal **KNOW YOUR RIGHTS (https://eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12ScreenRdr.pdf)** EEO poster. **E-Verify** U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program (https://careers.usbank.com/verification-of-eligibility-for-employment) . The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $193,035.00 - $227,100.00 - $249,810.00 U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures. Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies. Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.
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