Job Description

Private Banking Associate | NYC

$150K Base | $270K+ Target OTE | Equity

New York City | Hybrid, 3–4 Days In Office

Shields Group Search is partnering with a fast-growing wealthtech company building a modern, open-architecture private banking platform purpose-built for registered investment advisors and the independent wealth channel.

The company provides institutional-grade banking and lending solutions across securities-based lending, structured notes, residential mortgages, commercial real estate, premium finance, fine art lending, fund finance, deposits, and more.

Its platform connects advisors, lenders, and clients through a unified, AI-powered infrastructure designed to deliver private banking at scale. The team is building something new in wealth management and is looking for people who want to help define it.

The Role

The Private Banking Associate is a deal-focused execution role responsible for supporting the origination, processing, and closing of credit, mortgage, and cash management transactions for high-net-worth and ultra-high-net-worth clients referred through the company’s RIA and family office partner network.

You will work closely with the Private Banking Director to move opportunities from submission through funded close, ensuring fast, accurate, and friction-free execution across the full deal lifecycle.

This is a role for someone early in their private banking or lending career who is eager to develop deep expertise across multiple product lines, build relationships with advisors and clients, and grow into a senior relationship role over time.

What You’ll Do

Deal Execution — Credit

• Support origination, processing, and closing of securities-based lending, premium finance, fund finance, fine art lending, and other non-mortgage credit transactions

• Coordinate with lenders across the company’s banking partner network to manage submissions, track underwriting progress, and facilitate term sheet negotiation and closing

• Maintain accurate deal records and pipeline tracking in HubSpot

Deal Execution — Mortgage

• Support residential mortgage transactions from application through funded close, including purchase, refinance, jumbo, and non-QM loans

• Assist borrowers in assembling mortgage documentation for complex HNW profiles, including non-traditional income, trust and entity ownership, and concentrated assets

• Coordinate with mortgage lending partners on submissions, underwriting, and closing timelines

• Ensure every mortgage transaction closes on time and with a superior client experience

Cash Management & Deposits

• Support advisors and clients in opening deposit accounts and establishing cash management solutions through the company’s platform

• Assist with account documentation, onboarding, and coordination with banking partners

• Help advisors position cash management as an integrated part of the client’s broader banking relationship with the company

Advisor & Client Support

• Serve as a responsive, knowledgeable point of contact for advisors and clients throughout the deal process

• Answer product and process questions, provide status updates, and escalate complex issues to the Private Banking Director

• Assist in preparing client-facing materials, deal summaries, and lender packages

• Support the Private Banking Director in business reviews, advisor meetings, and client calls as needed

What We’re Looking For

• 4–6 years of experience in lending, banking, mortgage origination, or financial services, with private banking, wealth management, or specialty finance preferred

• Familiarity with HNW borrower profiles and complex financial documentation is a strong plus

• Strong attention to detail and ability to manage multiple transactions simultaneously in a fast-moving environment

• Excellent communication skills and comfort interacting with advisors, clients, and lender partners

• Proficiency with CRM tools, with HubSpot preferred, and strong organizational skills

• NMLS registration is a plus for candidates with mortgage experience

• Entrepreneurial mindset and comfort operating in an early-stage environment where process is still being built

What Success Looks Like

• Deals move efficiently from submission to funded close with minimal back-and-forth or delays

• Advisors and clients receive timely, accurate communication throughout every transaction

• Documentation is complete, organized, and lender-ready on every submission

• The Private Banking Director is well-supported and able to focus on senior relationship management while you manage execution

• You are developing expertise across credit, mortgage, and deposits and beginning to take on more independent responsibility over time

What the Company Offers

• Hands-on experience across multiple private banking product lines in a fast-growing wealthtech platform

• Direct mentorship from senior private banking professionals and company leadership

• Clear path to growth into a senior relationship management role

• Collaborative team environment with direct access to leadership

• Hybrid work environment in New York City, with 3–4 days per week in the office

• $150K base salary

• Target OTE of $270K+ with variable compensation tied to funded outcomes

• Equity

• Comprehensive benefits package

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