Private Banker

Salem Five is a growing regional financial services organization with a rich history of over 160 years.  As an independent bank, we are deeply rooted in the communities we serve and offer our employees successful and rewarding careers.

This position requires the ability to work in the Salem, MA offices.

Salem Five has more than 30 retail banking branches throughout Essex, Middlesex, Norfolk and Suffolk counties, strong business banking capabilities, an Insurance division, a Wealth Management & Trust organization and a Mortgage Company that has provided homeownership to generations of families.

Salem Five believes deeply in supporting the communities in which we reside.

Donations through our Charitable Foundation or events at the branch or location-level are an important part of our DNA.

We would not be the company we are without our commitment to businesses and organizations that help the region thrive and to our employees.

Come see what we’re all about. 

Essential Duties and Responsibilities include the following, however other duties may be assigned based on business need:


* Responsible for developing new client relationships and retains existing client relationships with an emphasis on bringing new relationships to the Bank.

Meets with prospective and existing clients at their places of business or wherever convenient to the client to determine their needs, sell products and services, sign documents, and to service the client’s existing banking needs.  Monitors changing needs and recommends strategies that utilize company products and services.


* Works across multiple divisions to develop and implement product marketing and sales strategies to develop new business and strengthen existing relationships.

Networks with COI’s to develop new business referral sources and opportunities.  Have knowledge of all areas of the bank to be able to make referrals to all division of the Bank.


* Stays abreast of relevant Bank policies and procedures by attending regular training sessions (i.e., Compliance, Bank Secrecy Act, etc.) Develops and maintains updated knowledge on regulations and economic factors that impact the industries in which the Division operates.   


* Compliance with banking laws and regulations as defined in company policies and procedures pertinent to position.


* Regular attendances is essential to this position

Education and/or Experience: 

Bachelor's degree in business or finance/or 7 to 10 years’ related experience and/or training; or equivalent combination of education and experience.  Experience includes:


* Experience in Banking with exposure to Lending.


* Excellent oral and written communication skills; presentation skills needed to effectively communicate with a wide variety of internal and external contacts.


* Demonstrated new business development and relationship management skills.


* Excellent computer skills including Word, Excel and industry specific sof...