How to hire a senior banker

How to hire a senior banker, step by step

Here's a step-by-step senior banker hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write a senior banker job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new senior banker
• Step 8: Go through the hiring process checklist

What does a senior banker do?

Post a senior banker job for free, promote it for a fee

Post free

1. Identify your hiring needs

   The senior banker hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   A senior banker's background is also an important factor in determining whether they'll be a good fit for the position. For example, senior bankers from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.

   This list presents senior banker salaries for various positions.

   Type of Senior Banker	Description	Hourly rate
   Senior Banker	Loan officers evaluate, authorize, or recommend approval of loan applications for people and businesses.	$13-73
   Finance Sales Consultant	A finance sales consultant helps sell financial products and services. They can work in various industries, such as home, automotive, or banking... Show more	$16-28
   Escrow Officer	Escrow officers, commonly known as loan officers, are responsible for real estate processing and finalizing deals. They ensure all documents are authentic and prepared, property titles are clear, and financial obligations have been thoroughly met by the buyer and seller... Show more	$17-33

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Bank Policies
   • Cross-Selling
   • Financial Services
   • Client Relationships
   • Real Estate
   • Credit Products
   • Business Development
   • Cash Management
   • Customer Relationships
   • Commercial Banking
   • Profiling
   • Treasury
   • Customer Satisfaction
   • Corporate Banking

   Check all skills

   Responsibilities:

   • Attain NMLS identification number for mortgage origination.
   • Identify opportunities for cross-selling of value-ad bank products and services.
   • Develop business relationships and provide financial advisory skills for business owners seeking depository accounts, notary services and lines of credit.
   • Participate in telemarketing and other banking center calling and marketing initiatives.

   More senior banker duties

3. Make a budget

   Including a salary range in your senior banker job description helps attract top candidates to the position. A senior banker salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.

   For example, the average salary for a senior banker in Indiana may be lower than in New York, and an entry-level senior banker usually earns less than a senior-level senior banker. Additionally, a senior banker with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.

   Average senior banker salary

   $66,444yearly

   $31.94 hourly rate

   ---

   Entry-level senior banker salary

   $28,000 yearly salary

   Updated January 12, 2026

   Average senior banker salary by state

   Rank	State	Avg. salary	Hourly rate
   1	New York	$105,753	$51
   2	Massachusetts	$89,235	$43
   3	Vermont	$83,261	$40
   4	Hawaii	$82,712	$40
   5	District of Columbia	$81,529	$39
   6	California	$74,364	$36
   7	New Jersey	$70,473	$34
   8	Florida	$69,458	$33
   9	Texas	$69,377	$33
   10	Ohio	$65,206	$31
   11	Oregon	$62,817	$30
   12	North Carolina	$58,744	$28
   13	Illinois	$58,254	$28
   14	Georgia	$58,023	$28
   15	Nevada	$57,950	$28
   16	Wisconsin	$57,518	$28
   17	Arizona	$55,586	$27
   18	Colorado	$45,477	$22

   Average senior banker salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	Citi	$173,824	$83.57	191
   2	First Republic Bank	$134,127	$64.48
   3	Northern Trust	$127,011	$61.06	4
   4	Ernst & Young	$125,504	$60.34
   5	BMO Capital Markets	$123,190	$59.23	157
   6	Deloitte	$110,957	$53.34	16
   7	First Commonwealth Bank	$106,569	$51.24	15
   8	Raymond James Financial	$104,701	$50.34
   9	Natixis North America LLC	$87,913	$42.27
   10	BNP Paribas	$86,574	$41.62	1
   11	Banco Itaú	$84,030	$40.40
   12	JPMorgan Chase & Co.	$66,037	$31.75	1,165
   13	M&T Bank	$64,762	$31.14	112
   14	Wells Fargo	$60,593	$29.13	652
   15	Capital One	$54,207	$26.06	51
   16	U.S. Bank	$54,135	$26.03	82
   17	Fifth Third Bank	$53,482	$25.71	402
   18	Northfield Savings Bank	$52,966	$25.46
   19	KeyBank	$49,057	$23.59	84
   20	Charles Schwab	$48,366	$23.25

4. Writing a senior banker job description

   A senior banker job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a senior banker job description:

   Senior banker job description example

   At First Republic, we care about our people. Founded in 1985, we offer extraordinary client service in private banking, private business banking and private wealth management. We believe that personal connections are everything and our success is driven by the relationships we form with our colleagues and clients. You'll always feel empowered and valued here.
   Incredible teams doing exceptional work, every day
   Our team's goal is to support our clients' banking needs and develop long-term relationships through exceptional, personalized service. As the Bank's deposit experts, we offer deposit solutions for our clients and their businesses through our high-touch service model.
   
   Responsibilities
   
   As a Senior Preferred Banker you will have the opportunity to work in both sales and support. In this role you are the deposit expert for the Relationship Managers' client base in addition to having your own self-sourced sales goals. The role encompasses sales presentations, cash management expertise, account opening, compliance and documentation, and transitioning the client to First Republic. You will have the opportunity to assist Relationship Managers in developing and maintaining client relationships by selling the full range of First Republic's products and services as well as develop a personal portfolio of business. You'll maintain a professional relationship to encourage additional business from existing clients in addition to obtaining referral business. You will use your excellent customer service skills and ingenuity to solve problems or enhance the banking relationship.
   
   What you'll do as a Senior Preferred Banker:
   - Conduct outside business development calls with Relationship Managers.
   - Place new business development calls for a self-sourced portfolio and open new accounts.
   - Develop cash management presentations and demonstrations.
   - Provide a detailed analysis and comparison of current banking relationships.
   - Transition clients to the Bank, ensuring a smooth process.
   - Obtain all required documentation.
   - Provide ongoing excellent customer service, including paying close attention to the top 10% of the Relationship Managers' client base.
   - Maintain and deepen existing client relationships, increasing current products per client.
   - Develop a thorough knowledge of existing Bank products and stay up to date on new products and services.
   - Adhere to and comply with the applicable federal and state laws, regulations and guidance, including those related to anti-money laundering (e.g., Bank Secrecy Act, US PATRIOT Act, etc.) as well as Bank policies and procedures.
   - Identify and report suspicious activity to the Anti-Money Laundering Officer.
   - Know and verify the identity of any client that enters into a relationship with the Bank.
   
   Qualifications
   
   You could be a great fit if you have:
   - A college degree
   - A minimum of three years of experience in private banking
   - A thorough knowledge of banking operations
   - An existing client portfolio (preferred)
   Job Demands:
   - Must be able to review and analyze data reports and manuals; must be computer proficient.
   - Must be able to communicate effectively via telephone and in person.
   
   Own your work and your career - apply now
   Are you willing to go the extra mile because you love what you do and how you can contribute as a team? Do you want the freedom to grow and the opportunity to take charge of your own career? If so, then come join us.
   
   We want hard working team players. You'll have the independence to learn, lead and drive change. A culture of extraordinary service, empowerment and stability - that's the First Republic way.
   
   We believe that a diverse range of backgrounds and ideas has and will continue to be fundamental to the future success of First Republic.
   
   If you are curious to learn more about this opportunity, we'd love to hear from you.
   
   This job description is not intended to be all-inclusive. Employee may perform other related duties as assigned to meet the ongoing needs of the organization. The Company is an equal opportunity employer. In this regard, the Company makes reasonable accommodations for qualified applicants and employees with disabilities in order to enable them to perform all essential job functions, unless doing so creates an undue hardship.
   
   First Republic is subject to federal laws that restrict the employment of individuals with certain types of criminal histories, including FDIA Section 19 and FINRA. To the extent not inconsistent with our obligations under those federal laws and regulations, First Republic will consider qualified candidates with criminal histories in a manner consistent with the Los Angeles and San Francisco ban-the-box laws.
   
   For New York City-based roles: Mayor Bill de Blasioannouncedthat,effective December27, 2021,allprivate sector employers?in New York City will be required to ensure that their employees are vaccinated against COVID-19toattendwork in the office. ReasonableMedical or Religious Accommodations may be requested if applicable to you.Please view New York'sGuidance on Accommodations for Workersfor more information.

   Copy this example

   

5. Post your job

   To find the right senior banker for your business, consider trying out a few different recruiting strategies:

   • Consider internal talent. One of the most important sources of talent for any company is its existing workforce.
   • Ask for referrals. Reach out to friends, family members, and current employees and ask if they know or have worked with senior bankers they would recommend.
   • Recruit at local colleges. Attend job fairs at local colleges to recruit senior bankers who meet your education requirements.
   • Social media platforms. LinkedIn, Facebook and Twitter now have more than 3.5 billion users, and you can use social media to reach potential job candidates.

   Post your job online:

   • Post your senior banker job on Zippia to find and attract quality senior banker candidates.
   • Use niche websites such as efinancialcareers, financialjobsweb.com, careerbank, financial job bank.
   • Post a job on free websites.

6. Interview candidates

   Your first interview with senior banker candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.

   You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new senior banker

   Once you've decided on a perfect senior banker candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.

   You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.

   After that, you can create an onboarding schedule for a new senior banker. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

   Sign up to download full list

   Sign up

How much does it cost to hire a senior banker?