Associate Banking Advisor

Chicago, Illinois, United States
29 Jun 2022
26 Jul 2022
Contract type
Full time
Experience level
Qualified accountant

As an Associate Banking Advisor for our Wealth Management Banking team you will be responsible for coordinating the account administration for Banking clients; responding to client inquiries, producing reports and overseeing transaction processing.

You will be responsible for assisting Relationship Managers in business development, creating client presentations and coordinating with the Account Managers and Client Support Services (CSST) team.

The Associate Banking Advisor:

  • Assists the Portfolio Banking Advisors and Banking Relationship Advisors with client portfolios and internal administration of accounts; communicates regularly with clients, attends client meetings and presentations
  • Coordinates with the Account Managers and CSST on deposit related transaction processing and to execute daily client transaction activity including account opening, exception clearing, overdrafts, fees, payments and borrowing; handles inquiry resolution; obtains appropriate documentation necessary for credit underwriting, monitoring and credit file maintenance; requests and ensures systems information is up-to-date; execution of client servicing events, communicating with clients and other internal and external partners
  • Oversees development of appropriate action plans for client servicing and coordinates with other team members across disciplines to ensure execution and follow-up
  • Documents services provided, specialized procedures and ongoing written communications with client as appropriate in managing daily activity
  • Develops a clear understanding of clients need behind service requests and communicates to service partners. Obtains appropriate information from partners and client to facilitate service changes or transactions
  • Assists Relationship Managers with internal administration of accounts, business development and client presentations for Banking
  • Communicates with clients regularly to inform them of account set-up or status, past due loans, document requests or other information
  • Develops and maintains working knowledge of loan agreements, financial statements and other documentation required to monitor client relationships
  • Is well versed in the compliance requirements for new accounts and relationships. Prepares compliance certificates, monitors loan document deficiencies and reviews compliance reports for adherence to policy and procedures
  • Reviews loan documents, submits loans requests for evaluation, may attend loan closings to help review documentation with clients, follows up on missing loan documentation
  • Develops and maintains a working knowledge of various business applications critical to relationship management including client on-line tools
  • Participates in inter-discipline training within the office/region. Acts as a technical resource or expert for other account managers on process or procedures for delivery of service
  • Coordinates commercial/custom approval process by submitting requests for underwriting and loan documentation and proactively engages in the renewal process by reviewing reports of maturing credits and coordinates the receipt of required information from client for renewal process
  • Coordinates due diligence on loans such as obtaining money market rates, ordering of appraisals and other items necessary for loan approval and booking
  • Carries out complex activities with significant financial, client and/or internal business impact
  • May have direct interaction with committees and/or Senior Management

The successful candidate will have:


  • At least 5 years’ experience, or equivalent, in financial servicing. Previous experience in private or commercial banking
  • Formal credit training is highly preferred
  • Knowledge of internal banking functions


  • Credit underwriting and analysis experience (obtained through working in the National Credit Services Center or at another financial institution).
  • Analytical, problem solving, and organizational skills
  • Strong communication and relationship building skills
  • Knowledge of banking products and services

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.  

Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With more than 130 years of financial experience and over 20,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.   

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of America’s best banks and most sustainable companies! Build your career with us and apply today. #MadeForGreater 

For further information, and to apply, please visit our website via the “Apply” button below.

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