VP Wealth and Private Banking

Benefits Comprehensive medical insurance plan Dental and vision insurance Generous paid-time-off 12 paid holidays 401(k) plan Wellness program Tuition assistance Employee loan discount Employee Assistance Program (EAP) Life and disability coverage This is a full-time position working 40 hours a week, Monday-Friday 8:00am - 5:00pm Position Summary The Vice President, Wealth & Private Banking is responsible for the strategic leadership, growth, integration, and operational excellence of Meritrust’s Wealth Management Private Banking programs. This role ensures a unified strategy across Wealth Management and Private Banking to deepen member relationships, expand wallet share, and deliver an elevated member journey for those households meeting the programs’ criteria. The Vice President, Wealth & Private Banking leads strategic growth initiatives, oversees regulatory and supervisory requirements, develops talent across wealth management and private banking teams, strengthens brand presence, and drives enterprise wide integration. This individual partners closely with Executive Leadership, Retail, Lending, Marketing, Risk, Compliance, and LPL Financial to deliver a cohesive, member centered wealth experience combining deposits, lending, planning, investment management, and advisory solutions. Essential Functions Strategic Growth & Enterprise Alignment Develop and execute the strategic plan for Wealth Management and Private Banking. Align Private Banking with Wealth Management for a unified member experience on shared households and joint planning opportunities. Establish targets for production, recurring revenue, AUM, loan growth, and internal referrals. Position Wealth and Private Banking as core contributors to the credit union’s long term growth strategy. Ensure operational plans align with enterprise goals. Financial & Operational Leadership Prepare and manage the annual operating budget. Oversee daily, monthly, and annual production reporting. Lead planning, implementation, and execution of the Wealth Management and Private Banking business plans. Monitor Advisor and Private Banker business plans to ensure performance and accountability. Talent Development & Leadership Recruit, develop, and retain high performing Financial Advisors, Private Bankers, and support staff. Coach team members in individual business planning and member engagement strategies. Conduct performance reviews, goal setting sessions, and accountability meetings. Identify training needs and support professional development. Foster a culture of collaboration, excellence, and member advocacy. Member Experience & Service Excellence Ensure consistent delivery of exceptional service throughout the Wealth Management and Private Banking member journeys. Design and implement service models tailored to affluent and high net worth members. Partner with Retail and Lending to deepen member relationships. Lead escalated issue resolution in partnership with Compliance and broker dealer partners. Promote a fiduciary centered, consultative approach to guidance and planning. Compliance, Risk & Governance Ensure adherence to all Credit Union, broker dealer, FINRA, SEC, insurance, and regulatory requirements. Oversee supervision of registered representatives under LPL Financial standards. Partner with Compliance on complaints, audits, errors, and supervisory reviews. Complete all required regulatory and annual compliance training (BSA, AML, OFAC). Uphold confidentiality and ethical practices. Marketing, Branding & Business Development Collaborate with Marketing on strategic campaigns aligned with business objectives. Strengthen the Meritrust’s Wealth Management and Private brand presence and market positioning in all markets. Promote educational programming and thought leadership initiatives. Build community and professional referral networks. General Accountabilities Model Meritrust’s Mission, Purpose and Core Values through leadership and decision making. Partners functionally to support enterprise initiatives. Protect confidential member information and uphold the highest ethical standards. Perform additional duties as assigned. Studies have shown that individuals from marginalized and or historically underrepresented groups may be less likely to apply for jobs unless they meet every one of the qualifications listed. We are most interested in finding the best candidate for the job. We would encourage you to apply for a job at Meritrust Credit Union, even if you don’t meet every one of our qualifications listed. #J-18808-Ljbffr