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Junior Private Banker Jobs (NOW HIRING)

CIBC

Private Banker

Chicago, IL · On-site

Mentorship and Teamwork - Collaborate with peers, and mentor junior team members, as part of a team ... Experienced in private banking : You have 10+ years of experience cultivating and managing lending ...

CIBC

Private Banker

Chicago, IL · Hybrid

Mentorship and Teamwork - Collaborate with peers, and mentor junior team members, as part of a team ... Experienced in private banking : You have 10+ years of experience cultivating and managing lending ...

CIBC US

Private Banker

Chicago, IL · Hybrid

Mentorship and Teamwork - Collaborate with peers, and mentor junior team members, as part of a team ... Experienced in private banking : You have 10+ years of experience cultivating and managing lending ...

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How much do junior private banker jobs pay per year?

As of Aug 9, 2026, the average yearly pay for junior private banker in the United States is $52,462.00, according to ZipRecruiter salary data. Most workers in this role earn between $36,000.00 and $57,500.00 per year, depending on experience, location, and employer.

What is a junior private banker?

A Junior Private Banker supports senior private bankers in managing client relationships, conducting financial analysis, and providing investment and banking solutions. They assist high-net-worth clients with their financial needs, including wealth management, lending, and portfolio analysis. The role involves client servicing, administrative support, and developing financial strategies under the guidance of experienced bankers. Over time, Junior Private Bankers gain the expertise to manage their own client portfolios and progress in their careers.

How much do you make as a junior private banker?

A junior private banker typically earns between $50,000 and $80,000 annually, with additional bonuses based on performance and client acquisition. Compensation can vary depending on the bank, location, and individual experience, and may include benefits and opportunities for advancement.

What does a junior private banker do?

A typical day for a Junior Private Banker involves assisting senior bankers with client portfolio reviews, preparing financial reports, and participating in client meetings to help address banking and investment needs. You can expect to spend time researching investment opportunities, updating client records, and responding to client inquiries or account requests. Collaboration is key, as you'll often work closely with internal teams such as compliance, operations, and senior relationship managers to deliver exceptional client service. This hands-on exposure gives you valuable insight into private banking practices and helps you develop critical skills for career advancement.

What are the key skills and qualifications needed to thrive as a junior private banker?

To thrive as a Junior Private Banker, you need a solid grounding in finance, investment products, and client relationship management, usually supported by a relevant degree in finance, economics, or business. Familiarity with CRM systems, portfolio management tools, and regulatory certifications such as FINRA Series 7 or 66 (depending on the region) is often required. Strong interpersonal communication, attention to detail, and discretion are crucial soft skills for building trust and managing sensitive financial information. These competencies enable Junior Private Bankers to effectively support clients, adhere to regulations, and contribute to the growth of their banking team.

More about Junior Private Banker jobs
What cities are hiring for Junior Private Banker jobs? Cities with the most Junior Private Banker job openings:
What are the most commonly searched types of Private Banker jobs? The most popular types of Private Banker jobs are:
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Junior Private Banker jobs near you
Infographic showing various Junior Private Banker job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 73% Full Time, 18% Part Time, and 8% Contract. Highlights an 93% Physical, 2% Hybrid, and 5% Remote job distribution, with an average salary of $52,462 per year, or $25.2 per hour.

Private Banker

CIBC

Chicago, IL • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 26 days ago

Job description

We're building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what's right for our clients.
At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.
To learn more about CIBC, please visit CIBC.com
What you'll be doing
As a Private Banker, you will cultivate new and manage existing high-net-worth (HNW) and ultra-high-net-worth (UHNW) client relationships, providing tailored banking and lending solutions. You will oversee a portfolio of relationships, ensuring strong sales execution, portfolio management, and adherence to risk standards.
In addition to using an existing external network and centers of influence, you will collaborate with internal partners, including CIBC Private Wealth Management and CIBC Commercial Banking, to garner new relationships. Through a team approach with a specific focus on meeting the lending and deposit needs of clients, you will seek greater penetration of existing relationships with the ultimate goal of profitable growth of strategic client relationships.
At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.
How you'll succeed
  • Cultivate and manage private banking relationships - Establish new private banking lending and deposit relationships and oversee complex lending and deposit relationships for HNW and UHNW clients.
  • Expand client relationships - Serve as a trusted advisor through regular client contact and relationship building, actively identifying opportunities to offer customized lending, deposit, and wealth management solutions.
  • Ensure portfolio health and risk management - Oversee portfolio reviews, past-due remediation, risk rating accuracy, and timely renewals for your portfolio. Seek to actively keep informed of changes to policies and procedures that will impact portfolio (credit policy, risk rating framework, regulatory, compliance requirements). Complete necessary analysis and documentation to achieve credit actions (e.g., structure, waivers, and modifications).
  • Facilitate credit and underwriting processes - Work closely with Underwriting, Group Portfolio Managers, and Credit Risk Management to structure deals that meet client needs while mitigating risk. Act as the quarterback to drive deals through the underwriting and closing process.
  • Collaborate with internal partners - Partner with CIBC Private Wealth Management Relationship Managers and other team members to achieve ultimate approval for new business and modifications to existing business, including active participation in and adherence to requirements of pre-screen and relationship strategy meetings. Identify product/service opportunities for other business units and participate in development of creative solutions to client needs, coordinate presentations, and bring in partners when appropriate
  • Leverage technology for client engagement - Ensure Salesforce activity is up to date, tracking client interactions, opportunities, and referrals.
  • Actively participate in the market - Act as an ambassador for CIBC through active participation in local market and industry events to maintain current market knowledge and develop new client relationships.
  • Mentorship and Teamwork - Collaborate with peers, and mentor junior team members, as part of a team to ensure delivery of superior client service. Promote an environment that supports diversity and reflects the CIBC brand.

Who you are
  • Experienced in private banking: You have 10+ years of experience cultivating and managing lending and deposit relationships for HNW and UHNW clients. Formal credit training is a plus.
  • Educational background: You have a bachelor's degree in Business, Finance, Accounting, Real Estate, or Economics. (preferred)
  • Credit expertise and investment knowledge: You have demonstrated experience applying deep credit expertise, and a working knowledge of investment portfolios and trust solutions.
  • Relationship-driven: You excel at building and maintaining relationships with HNW and UHNW individuals, business owners, and corporate executives.
  • Risk-focused and analytical: You can assess credit risk, structure lending solutions, and complete the necessary analysis and documentation for credit actions.
  • Technology proficient: You are skilled in Microsoft Office, financial analysis, and modeling, with experience utilizing Salesforce (or equivalent CRM) for client management.
  • Collaborative team player: You have demonstrated experience working in a team environment, introducing the appropriate partners and suite of investment, trust, and banking solutions to high net worth and ultra-high net worth individuals, families and institutions
  • Values matter to you: You bring your real self to work, and you live our values - trust, teamwork, and accountability.

California residents - your privacy rights regarding your actual or prospective employment
At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $125,000-$200,000 for the Chicago, IL market based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit's incentive compensation plan, which also may include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employee's needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave, and Vacation), Holidays, and 401(k), in addition to other special perks reserved for our team members.
What CIBC Offers
At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.
  • We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.
  • Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.
  • We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.

*Subject to plan and program terms and conditions
What you need to know
  • CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact Mailbox.careers-carrieres@cibc.com
  • You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.
  • We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

Job Location
IL-Chicago, 120 S LaSalle St Fl 2
Employment Type
Regular
Weekly Hours
40
Skills
Analytical Thinking, Business Development, Client Issue Resolution, Client Service, Customer Experience (CX), Financial Products, Portfolio Management, Wealth Management

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