The Anderson Search Group | December 2024 Updates
How AI and Automation are Changing the Talent Needs of Banks
The rapid advancement of AI and automation is significantly transforming the talent requirements in the banking industry. These technologies are reshaping traditional banking roles, creating new opportunities, and demanding different skill sets.
Many institutions are enhancing employees’ digital literacy, AI competencies, and cybersecurity skills through comprehensive training initiatives. Global investment in AI within banking and financial services is projected to surge to over $126 billion by 2028.
Innovative technologies, such as virtual reality (VR) and AI-based training modules, are being employed to provide immersive…
Reviving Credit Training Programs: How Banks Can Build Their Own Talent Pipeline
Banks are having a harder time than ever finding skilled talent in the credit and lending space. The emergence of digital-first fintech firms and a growing emphasis on data-driven decision-making have shifted traditional roles within banking, making it more difficult to recruit professionals with the requisite skill set. However, banks can address this challenge by revisiting an old solution: credit training programs. Read More
Stop Going Around Your Direct Reports – You’re Hurting Your Team
In the rush to solve problems quickly, leaders sometimes bypass their direct reports and go straight to their team members for answers or action. While it might seem like the fastest route, cutting out your managers creates bigger problems. It damages trust, weakens accountability, and leaves everyone confused about who’s in charge. If you want a high-performing team, you need to stop undermining your direct reports and let them lead. Read More
- Clean U4 and Series 7, 6 and 63 or 66, and Life and Health Insurance
- CFP preferred but not required
- Proven ability to have built their own book of business to at least $60 million AUM in fee based business
- Experience with high-net worth clients preferred
- Experience with utilizing internal bank channels and partners preferred
- Minimum of five years portfolio management experience including two years of fixed income asset management experience
- Proven ability and desire to add value to client and prospect calls
- Proven experience and broad understanding of money market instruments including corporate and commercial papers, corporate floating rate and fixed-rate bonds, municipal bonds, agencies and treasuries
- Bachelors Degree
- 10+ years investment portfolio management experience
- CFA strongly preferred but not required
- Generalist investment portfolio experience, client not interested in commodities focused PM’s
- Elite communication and presentation skills
- Demonstrated success on prospect and client calls
- 7+ Years C&I lending experience in and around Los Angeles
- Formal credit training and stellar credit skills
- Proven ability to generate their own new business using an external network and centers of influence
- Clean U4 and Series 7, 6 and 63 or 66, and Life and Health Insurance
- CFP preferred but not required
- Proven ability to have built their own book of business to at least $60 million AUM in fee based business
- Experience with high-net worth clients preferred
- Experience with utilizing internal bank channels and partners preferred
C&I Lender – Houston, Texas
- 20+ Years Commercial Banking Experience in the Houston Market
- Stellar Credit Skills
- Pure C&I Lender
- Can develop his own new business from scratch through his own COI’s
- Averages $20 million+ in new loans and $10 million+ in new deposits annually
- Deals can range from $1 million to $25 million in size
- YTD has closed $7 million in loans and $6 million in deposits with another $20 million in loans and $15 million in deposits approved
- No bonus to be made whole on – can leave immediately
- No non-solicit
Wealth Advisor – Houston, Texas
- Average client size is $5 million+ in investable assets
- Consistently self-sources $20 million in new AUM business annually
- Grew AUM by $300 million in 3 years
- Circles of Influence in Houston: Attorney’s, CPAs, Investment Bankers, and Insurance Professionals
- No non-solicit
Private Banker/Wealth Advisor
– Houston, Texas
- Average client size is $5 million investable assets
- Formally credit trained, can structure and underwrite his own deals
- Production 100% self-sourced:
- 2024: YTD – $70 million in AUM
- 2023: $43 million AUM and 13 new relationships
- 2022: $40 million AUM, $60 million deposits, $23 million loans
- COI’s consist of estate planning attorneys, CPA’s, and commercial bankers
- Licenses: Series 7, Series 66, Texas Life and Health Insurance, Certified Wealth Strategist – CWS, and Accredited Wealth Management Advisor Professional Designation – SE-AWMA
Commercial Banker/Private Banker – Austin, Texas
- 20 years of Commercial Banking and Private Banking experience
- Private bank deals – Customized credits, HELOC’s, 2nd & 3rd Mortgages, specialty lending, Aircraft/Boat financing, wealth planning, securities, mutual funds, life insurance & investments, financial planning
- Strong COIs in the Central Austin Market
- Recent Middle Market Commercial Loan Production:
- 2021- $26 million
- 2022- $32 million
- 2023- $320 million
For Clients –
Winning the War for Talent
Prior to your start date, review this video designed to accelerate your on boarding process and quickly establish rapport and credibility. We are pleased to offer this video to our clients and candidates and is part of our search process. Our recruiters are always available as a resource to you. Watch Now
For Candidates –
Effective Resume Prep Video
This 5-minute video will help you create an effective resume. A great resume won’t land you your next position, but it could cost you the opportunity to even be considered! This video will help make resume preparation a less daunting task, and provide some tips for format and content to help get you started. Watch Now
Download The Anderson Search Group Compensation Guide
What are competitive salaries in Commercial Banking and Private Wealth?
To assist Commercial Banking and Private Wealth institutions in remaining competitive and current, The Anderson Search Group has produced this guide, which aids employers in evaluating their compensation rates and implementing adjustments to enhance both retention and hiring efforts. It is essential to provide attractive remuneration packages, and we have compiled the most comprehensive market information on the commercial banking and private wealth industry in this exclusive report, which can be instantly downloaded.
About The Anderson Search Group
We are a Boutique Commercial Banking and Private Wealth Executive Search Firm specializing in placing elite commercial banking and private wealth talent with the nation’s finest financial institutions.