Private Banking Relationship Associate

Cambridge Trust - A Division of Eastern Bank is hiring an experienced Private Banking Relationship Associate - Boston Based (Minimum 3 days a week in the office)

Pay Range: $31.56 - $50.27/hr. 
 The posted salary range reflects Eastern’s expected hiring range. Actual pay may vary based on experience, skills, and market factors; additional compensation may apply. Eastern offers a robust benefits and retirement package. Please see the description of benefits included with this job posting for additional information. 

The Private Banking Relationship Associate II provides advanced portfolio administration, relationship management support, and business development partnership to Private Banking Business Development Officers. This role serves as a strategic extension of the BDO by supporting complex client relationships, coordinating cross-functional service delivery, facilitating relationship growth, and ensuring operational excellence across assigned portfolios.

The Private Banking Relationship Associate II helps enable Business Development Officer production and revenue growth by managing portfolio administration, supporting business development initiatives, coordinating complex client needs, and expanding the capacity of BDOs to focus on client acquisition and relationship development. The role maintains direct client contact, regularly participates in client and prospect meetings, and serves as a resource and mentor to junior team members.

• Advanced Portfolio Management & Relationship Oversight: Acts as the primary portfolio management partner to assigned BDO(s). Oversees servicing activities for complex client relationships. Coordinates relationship reviews and ongoing portfolio maintenance. Supports retention, expansion, and service recovery efforts. Monitors relationship health and identifies opportunities for enhancement.
• Business Development & Growth Enablement: Partners with BDOs to support business development efforts and portfolio growth initiatives. Maintains oversight of sales pipeline management, referral activity, prospect tracking, and production reporting. Assists with preparation of client presentations, relationship reviews, prospect materials, and business development strategies. Coordinates and executes follow-up activities associated with client acquisition and expansion opportunities.
• Client & Prospect Engagement: Participates in relationship-building activities and serves as an extension of the BDO. Regularly attends client and prospect meetings. Assists in preparation and delivery of relationship reviews and presentations. Supports client acquisition and retention activities. May serve as primary contact for client servicing matters.