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
The Chief Private Banking Officer provides enterprise leadership for Wealth Management's Private Banking business, accountable for strategy, growth, and performance across affluent, high-net-worth, and ultra-high-net-worth client segments. The role leads a relationship-driven private banking platform serving clients with $250K in investable assets through $75M+ in net worth, delivering integrated banking, credit, and wealth solutions while maintaining strong risk discipline and regulatory alignment.
This role exists to grow primary client relationships, drive balanced revenue across deposits, lending, and fees, and ensure Private Banking is a differentiated and scalable component of the Bank's broader Wealth Management strategy.
KEY RESPONSIBILITIES
Strategy & Financial Performance
Set and execute the Private Banking strategy aligned with enterprise priorities.
Drive sustainable growth in core deposits, loan balances, and non-interest income.
Optimize client profitability and balance-sheet usage in partnership with Finance and Treasury.
Establish clear performance metrics focused on growth, efficiency, and risk-adjusted returns.
Client Experience & Value Proposition
Ensure delivery of a consistent, high-quality private banking experience across all markets.
Lead an advice-based, relationship-led model integrating:
Deposits and cash management
Customized credit and lending solutions
Wealth advisory and investment management (in partnership)
Trust, estate, and philanthropic planning
Act as executive sponsor for select key client relationships and centers of influence.
Risk, Credit & Governance
Provide executive oversight of complex and customized credit portfolios.
Ensure adherence to all regulatory, compliance, and risk management standards.
Partner closely with Risk, Compliance, and Legal to promote a strong risk culture.
Participate in governance forums (e.g., Credit Committees, as applicable).
Leadership & Enterprise Partnership
Lead, develop, and retain high-performing Private Banking leaders and teams.
Build a strong leadership bench and succession pipeline.
Collaborate across Wealth Management, Commercial Banking, Treasury Management, Operations, and Technology to deliver One-Bank solutions.
Promote a culture grounded in client focus, accountability, and doing the right thing.
REQUIRED EXPERIENCE
15+ years of progressive leadership experience in Private Banking, Wealth Management, or Banking
Demonstrated success leading businesses serving affluent, HNW, and UHNW clients
Deep expertise in banking products, credit, balance-sheet management, and regulatory environments
Proven ability to lead senior leaders and influence across the enterprise
LEADERSHIP ATTRIBUTES
Enterprise mindset with strong commercial judgment
Executive presence with clients, regulators, and internal stakeholders
Client-centric while maintaining strong risk discipline
Builder and developer of talent and teams
Collaborative, decisive, and outcomes-focused
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:
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
Review our full benefits available by employment status here (https://careers.usbank.com/global/en/benefits/us) .
U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.
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: $274,295.00 - $322,700.00
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.
Posting may be closed earlier due to high volume of applicants.
