Charles Schwab Corporation

UHNW Sr. Banker

Job Locations US-TX-Westlake
Requisition ID
Posted Date
5 days ago(3/23/2020 3:54 PM)
Client Service & Support
Position Type
Full time

Your Opportunity

The Bank Lending Products and Distribution group is seeking a high potential Ultra High Net Worth Senior Banker who will consider the financial needs of the client and recommend bank lending solutions to Schwab’s Wealth Advisors and their Ultra High Net Worth (UHNW) clients. Bank lending products include residential mortgages, home equity lines of credit, and securities based lending. Schwab Bank also offers trust services and deposit products including checking and savings accounts. The UHNW Senior Banker will be responsible for serving clients with $10MM+ in assets, and will work closely with partners across the Bank including the Bank Sales Team, Bank Credit Team, Pledged Asset Line Support Team, Mortgage Concierge Team and Trust and Deposit service teams to develop solutions and recommendations meeting the unique needs of UHNW clients. This role encompasses internal marketing such as office visits and client meetings as requested by Wealth Advisors and their UHNW clients. The UHNW Senior Banker will also coordinate with UHNW clients’ accountants, attorneys or other professionals as needed.

What you’re good at

  • Responsible for developing relationships with Wealth Advisors and acting as a trusted banking and lending advisor to them and their end clients.
  • Ability to articulate sophisticated credit solutions and integrate them into comprehensive wealth plans.
  • Advise UHNW clients on appropriate Bank lending, deposit and trust solutions including products, pricing and recommended deal structures. Gather information from clients using internal and external resources for the completion of the application process.
  • Partner with Wealth Advisors in assigned region to discuss UHNW client base and identify lending, deposit and trust opportunities and recommend opportunity action plans.
  • Ability to lead credit discovery conversations with advisors and end clients.  Understand borrower and collateral risk and help structure deals to mitigate deal risk.
  • Ability to negotiate credit terms, such as tenor, pricing, and covenants.
  • Establish a reputation of execution and excellence. Gain confidence of Wealth Advisors to fully develop lending, deposit and trust opportunities with their UHNW clients.
  • Develop and present creative and intelligent lending, deposit and trust solutions; consult partners, such as credit specialists, as needed.
  • Take ownership of banking client experience from initial contact to loan funding or account establishment while working closely with partners and third party providers to ensure a smooth process for UHNW clients.
  • Work with and communicate effectively with Wealth Advisors and UHNW staff.
  • Responsible for the early identification of complex transaction structures, such as: entity, trust, guarantor, co-op, unique property requirements, condensed time-frames, properties under construction, and need for multiple co-borrowers.
  • Maintain full awareness of status for all UHNW banking applications in pipeline and function as primary Schwab Bank liaison for all parties involved in bank account opening process, including service, credit, risk and third party vendors.
  • Address all issues surfaced during loan process and assist with underwriting requests for additional information as needed.

What you have

  • Minimum of 5 years of successful lending consultation and business development experience with a private bank or working closely with UHNW clients.
  • Expert knowledge of credit products including residential mortgage products, home equity lines of credit, and securities based loans. Familiarity with bank deposit and cash management products and brokerage margin product as well as business banking requirements and structures.
  • Proven ability to analyze cash flow and balance sheet of UHNW retail brokerage clients and develop client’s personal financial statement. General understanding of estate planning techniques, entity structuring, and tax strategies.
  • Strong skills in diplomacy, discretion, and professionalism; ability to efficiently, tactfully & professionally screen, manage and/or decline transactions while maintaining Wealth Advisor and UHNW client relationships.
  • Possess excellent oral and written communication skills. Exceptional presentation skills.
  • Strong relationship building capabilities with Wealth Advisors, UHNW staff, UHNW clients, and matrix partners (e.g., service, credit, risk and third party vendors).
  • Strong collaboration skills in a team-oriented environment.
  • Attention to detail and the ability to multi-task and work efficiently, independently and with teams, to meet tight deadlines with minimal supervision.
  • Strong command of mortgage underwriting guidelines. Completion of formal credit training strongly preferred.
  • NMLS license required or to be obtained within 90 days of employment.
  • Banking background with experience working with HNW brokerage clients strongly preferred.
  • Undergraduate degree required; advanced degree preferred. 
  • Series 7 and 63 and or 66 license required.

You demonstrate these behaviors:

  • Building Collaborative Relationships:  The ability to develop, maintain, and strengthen partnerships with others inside or outside of the organization who can provide information, assistance and support.
  • Customer Orientation: Demonstrated concern for satisfying one’s external and/or internal customers.
  • Diagnostic Information Gathering: Identifying the information needed to clarify a situation, seeking that information from appropriate sources, and using skillful questioning to draw out the information when others are reluctant to disclose it.
  • Fostering Teamwork: As a team member, the ability and desire to work cooperatively with others on a team; as a team leader, interest, skill, and success in getting groups to learn to work together cooperatively.
  • Results Orientation: Focusing on the desired end result of one’s own or one’s units’ work; setting challenging goals, focusing effort on the goals, and meeting or exceeding them.


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