VP Wealth and Private Banking

We recognize that in order to meet the needs of our communities, we must represent our communities. Our success relies on creating a culture where we have diverse perspectives and a true sense of belonging. This is a journey, and we pledge to do more than simply check the box. 

When you join the Meritrust team, your benefits will include: 

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 

What sets working for Meritrust apart? 

Career development and pathing opportunities to move into leadership roles or other lines of business within MCU such as Commercial Lending, Finance, Marketing, Underwriting, Member Solutions, Training, Human Resources, and more. 

Supportive and engaging work environment. 

A wellness and sustainable work culture that puts family, Mother Nature, our community, and your health first. 

A work environment that encourages personal as much as professional growth, teamwork to make the dream work, and treating everyone equally. 

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. 

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.

Education/Certification:

• Bachelor’s degree required. 
• Certified Financial Planner (CFP®) designation preferred. 
• Series 7 and series 65 or 66 are required. 
• Series 24 preferred. 
• Life, Health, and Accident insurance license required.

 

Required Knowledge: 

• Strong understanding of financial planning, investment advisory platforms, and credit union operations. 
• Knowledge of securities regulations, insurance requirements, and broker dealer supervisory expectations. 
• Understanding of integrating lending, deposits, and advisory services into a cohesive member strategy. 
• Familiarity with compliance frameworks including FINRA, SEC, BSA/AML, OFAC, and LPL supervisory systems.

 

REQUIRED EXPERIENCE

• Minimum five years of revenue generating experience in the securities and insurance industries.
• Minimum three years of leadership or management experience.
• Demonstrated success leading high performing advisory teams.
• Experience developing and executing strategic business plans.
• Experience managing integrated service models (lending, deposits, advisory) preferred.

 

HARD/TECHNICAL SKills/Abilities:

• Leadership: Sets clear direction and communicates performance expectations, production targets and service standards in transparent and measurable way. Provides coaching to support development of team and achievement of individual/team goals. Drives accountability following up on progress, opportunities and recognizing team achievements.
• Communication Skills: Ability to communicate complex financial concepts, strategic priorities, expectations, and regulatory guidance clearly and appropriately across all levels of the credit union. Capable of using communication skills to strengthen trust, drive collaboration, support compliance and enhance the member experience.
• Relationship Building: Builds and sustains high trust relationships with members, team and internal partners to ensure cohesive member centric experience. Promotes a consultative, fiduciary focused approach that deepens member loyalty. Collaborates with advisors, private bankers and partners across the organization to coordinate service delivery.
• Strategic Thinking: ability to anticipate future opportunities and market trends, translating them into actionable strategies to strengthen the credit union’s competitive position in wealth management and private banking. Looking beyond daily operations to design long range plans that integrate advisory services, lending, deposits, insurance and financial planning in a way that deepens member relationships and supports enterprise growth.
• Decision Making Skills: Makes timely, well informed and strategically aligned decisions that balance member needs, business goals, regulatory requirements, and enterprise impact. Evaluates complex information, anticipates risks and considers multiple perspectives with the goal of driving results while ensuring continuity across the team.
• Compliance Skills: strong understanding and ability to interpret and apply the regulatory requirements governing wealth management, private banking, securities, insurance and credit union operations. Includes ensuring adherence to FINRA, SEC, state insurance regulations, broker-dealer policies and internal governance standards.
• Business/Financial Acumen: understands financial performance metrics, business planning, and budgeting. Capable of overseeing daily operations and ensuring goals, processes, and reporting contributes to strategic outcomes.

 

WORKING CONDITIONS

• Standard office conditions
• Low to moderate noise
• Limited lifting up to 10 lbs.

 

 

This description has been reviewed to ensure that only essential functions and basic duties have been included. Peripheral tasks, only incidentally related to each position, have been excluded. Essential functions, requirements, skills, and abilities included have been determined to be the minimal standards required to successfully perform the positions. In no instance, however, should the duties, responsibilities, and requirements delineated be interpreted as all-inclusive. Additional functions and requirements may be assigned by supervisors as deemed appropriate.

 

In accordance with the Americans with Disabilities Act, it is possible that requirements may be modified to reasonably accommodate disabled individuals. However, no accommodations will be made which may pose serious health or safety risks to the employee or others or which impose undue hardships on the organization.

The Credit Union believes that each employee makes a significant contribution to our success. That contribution should not be limited by the assigned responsibilities. Therefore, this job description is designed to outline primary duties, qualifications, and job scope, but not limit the incumbent. It is our expectation that each employee will offer his/her services wherever and whenever necessary to ensure the success of our endeavors. 

Job descriptions are not intended as and do not create employment contracts. The organization maintains its status as an at-will employer. Employees can be terminated for any reason not prohibited by law.