Role Overview for SVP, Commercial Banking with a National Financial Institution – Chicago, IL
JRG Partners is proud to partner with a premier, nationally recognized financial institution in their search for a Senior Vice President (SVP) of Commercial Banking. This is a pivotal leadership opportunity based in the vibrant economic hub of Chicago, IL. We are seeking a dynamic and results-oriented banking executive to lead, develop, and expand the bank’s commercial and industrial (C&I) banking division in the greater Chicago market.
The successful candidate will be a strategic visionary with a proven track record of driving significant growth, building high-performing teams, and cultivating deep, lasting relationships with middle-market clients. As the SVP, you will hold full P&L responsibility for the Chicago commercial banking unit, shaping its strategic direction and ensuring its alignment with the bank’s overall objectives. You will be instrumental in enhancing the bank’s market presence, reputation, and profitability in one of its most critical regions.
This role is not just about managing a portfolio; it’s about building a legacy. You will serve as the face of the bank in the Chicago business community, fostering a culture of excellence, integrity, and client-centric service within your team. You will have the autonomy to innovate and implement strategies that capture market share, combined with the robust support and resources of a top-tier national bank. If you are a seasoned commercial banking leader with an entrepreneurial spirit and a deep connection to the Chicago market, we invite you to explore this exceptional career opportunity.
Key Responsibilities of SVP, Commercial Banking with a National Financial Institution – Chicago, IL
Strategic Leadership & Market Growth
Develop and execute a comprehensive business plan to drive loan and deposit growth, expand market share, and increase profitability within the Chicago commercial banking sector. Identify and capitalize on new market opportunities and industry trends.
Team Development & Management
Lead, mentor, and inspire a team of Relationship Managers, Portfolio Managers, and support staff. Foster a collaborative and high-performance culture through effective coaching, performance management, and professional development. Set clear objectives and hold the team accountable for achieving aggressive sales and service goals.
Business Development & Client Acquisition
Proactively source, develop, and close new, profitable commercial banking relationships with middle-market companies (typically $20MM – $500MM in annual revenue). Leverage personal networks, centers of influence (COIs), and community involvement to build a robust pipeline.
Portfolio Management & Credit Quality
Oversee the management of a complex commercial loan portfolio, ensuring strong asset quality and adherence to the bank’s credit policies and risk appetite. Provide expert guidance on complex credit structures, underwriting, and loan documentation. Ensure the team maintains a disciplined approach to the entire risk management framework.
Client Relationship Management
Serve as the senior relationship executive for the division’s most significant clients. Deepen existing relationships by understanding their business needs and providing sophisticated, value-added financial solutions in partnership with Treasury Management, Capital Markets, Wealth Management, and other internal product partners.
Financial & Operational Oversight
Assume full P&L responsibility for the Chicago commercial banking unit. Develop annual budgets, monitor financial performance against goals, and manage expenses effectively. Ensure operational excellence and compliance with all banking regulations and internal policies.
Community & Brand Ambassadorship
Represent the institution with distinction in the local business and civic communities. Actively participate in industry-related organizations and events to enhance the bank’s brand visibility and reputation as a leading financial partner in Chicago.
Requirements for the SVP, Commercial Banking with a National Financial Institution – Chicago, IL
Educational Background
Bachelor’s degree in Finance, Business Administration, Economics, or a related field is required. An MBA or other advanced degree is highly preferred.
Professional Experience
A minimum of 15 years of progressive experience in commercial banking, with at least 7-10 years in a senior leadership role managing a team of commercial bankers and a significant P&L.
Market Knowledge
Extensive and current knowledge of the Chicago metropolitan area and Midwest regional economy. A well-established network of local business owners, executives, and COIs is essential.
Credit Expertise
Formal credit training and a deep understanding of commercial credit analysis, underwriting, and complex loan structuring. Proven ability to prudently manage credit risk within a large and diverse portfolio.
Proven Sales Acumen
A verifiable track record of success in generating new business, exceeding sales targets, and driving revenue growth in a competitive market.
Leadership Skills
Exceptional leadership presence with the ability to recruit, develop, and motivate top talent. Must be a strategic thinker who can translate vision into actionable results.
Communication & Interpersonal Skills
Superior verbal and written communication, presentation, and negotiation skills. The ability to effectively interact with and influence C-level executives, board members, and community leaders.
Regulatory Knowledge
Thorough understanding of banking laws, regulations, and compliance requirements.
Benefits & Perks Offered
Our client is committed to investing in its employees and offers a highly competitive and comprehensive benefits package designed to support your professional and personal well-being. This includes:
Competitive Compensation
A lucrative base salary complemented by a significant performance-based annual bonus and long-term incentive plan.
Comprehensive Health & Wellness
Premier medical, dental, and vision insurance plans for you and your family. Generous health savings account (HSA) contributions, wellness programs, and employee assistance programs.
Retirement & Financial Planning
A robust 401(k) retirement plan with a generous company match and profit-sharing components. Access to financial planning services.
Work-Life Balance
A generous paid time off (PTO) policy, numerous paid company holidays, and parental leave programs to support a healthy work-life integration.
Professional Development
A strong commitment to your growth with access to executive leadership programs, continuing education reimbursement, and opportunities for advancement within a national organization.
Additional Perks
Employee banking discounts, life and disability insurance, commuter benefits, and opportunities to participate in company-sponsored community service initiatives.
How to Apply
JRG Partners has been exclusively retained for this executive search. We are seeking a leader who is ready to make a significant impact on a growing and dynamic organization. All inquiries and applications will be handled with the strictest confidence.
To be considered for this pivotal leadership role, please submit your resume and a cover letter outlining your qualifications and why you are the ideal candidate for this opportunity. For more opportunities within our network, we invite you to explore our Banking and Financial Services Practice Area.
Our client is an Equal Opportunity Employer and is committed to creating a diverse and inclusive workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.
