What does a Private Banking Associate do?

Investment banking associates perform client-facing roles in the financial industry. They may serve as the first point of contact for a client and usually work full time at a financial services agency. Once they have a sense of clients’ financial needs and short and long-term goals, they create a portfolio of investment opportunities by evaluating specific companies and industry data.

Investment banking associates cultivate new relationships and maintain existing relationships. They create marketing collateral and present financial information while conducting valuation analyses, managing the creation and execution of client transactions, and initiating strategic financial transactions to profit their company. Investment banking associates prepare cash flow models and draft memorandums and other communications with clients and investors. Investment banking associates need at least a bachelor's degree in accounting, business, or finance.

What responsibilities are common for Private Banking Associate jobs?
  • Handle routine customer requests and inquiries, such as loan histories, posting errors, changes of address, line of credit advances, construction loan draws, notary services, lien releases, etc.
  • Provide personal and professional service to the customer.
  • Following loan approval, serve as liaison between Lender and Loan Processing, to request and coordinate preparation of loan documents and schedule closings.
  • Assist the Loan Officer in maintain, commercial credit files by scanning and indexing borrower financial records into the bank's digital record keeping platform.
  • Provide for the day to day customer service needs of the bank's clients by answering phones, research answers to inquiries and providing solutions to problems.
  • Facilitate the proper creation and recordation of all collateral interests to ensure they are properly perfected and maintained.
  • Generate ideas and analytical materials in support of new client meetings.
  • Perform financial modeling and valuation analysis on public and private companies: comparable company analysis, precedent transaction analysis, leveraged buyout analysis and discounted cash flow analysis.
  • Develop marketing materials for topics such as company positioning, financing alternatives, and M&A strategic alternatives.
  • Obtain/review collateral documents such as life insurance assignment and cash collateral accounts.
  • Verify collateral and checks for delinquent taxes and orders Future Advance Endorsements.
  • Generate and distribute reports, such as Past Due Loans, Maturing Loan List, Loans by Officer, and others as requested.
What are the typical qualifications for Private Banking Associate jobs?
  • Bachelor's Degree in business.
  • Prior experience as a consultant.
  • Skilled with client interaction and problem solving.
  • Requires careful attention to detail and sound time management skills.
  • A collaborator and decision maker.
  • Strong leadership, time management, and critical thinking skills.
  • Experience with statistics, C#, and threading exercises.
  • Experience in banking.
  • Is comfortable conducting site inspections .
Work/Life Balance
3.5 ★
Salary Range--
Career Opportunity
3.8 ★
Avg. Experience8+ years

Private Banking Associate Salaries

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Private Banking Associate Career Path

Learn how to become a Private Banking Associate, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

Private Banking Associate

Years of Experience Distribution

0 - 1
2 - 4
5 - 7
Not including years spent in education and/or training

Private Banking Associate Insights

Read what Private Banking Associate professionals have to say about their job experiences and view top companies for this career.
WinnerMax CapitalWinnerMax Capital
Investment Associate
19 Jun 2021

“This is definitely not a good place to develop your career if you are used to North American work culture.”

M&G plcM&G plc
Investment Associate
12 Dec 2020

“The pay increase is not up to market when you grow internally and it’s well known to pay drastically better people externally.”

Banking Advisor
11 Nov 2022

“Career progression is possible but you must master the advice centre first which is heavily based on advice per day which is not everyone's strength.”

Banque Nationale du Canada/National Bank of CanadaBanque Nationale du Canada/National Bank of Canada
Senior Investment Associate
19 Nov 2021

“Did not feel like there was any vested interest in my own career development and ambitions.”

Banking Advisor
24 Jan 2022

“Good good good good good”

BMO Financial GroupBMO Financial Group
Investment Banking Associate
25 May 2021

“Good for career start and experience”

Investment Associate
7 Sept 2022

“Exposure to important work and great people go work with”

Banking Advisor
28 Apr 2022

“Good benifits and pay to start career”

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Private Banking Associate Interviews

Frequently asked questions about the role and responsibilities of a Private Banking Associate

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Private Banking Associate jobs