Credit Officer I/Registered-GWIM Credit Products

Bank of America • Pennington, AL

16d • $77,000 - $104,300 • Onsite

About The Position

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! Job Description: The GWIM Credit Officer I is a credit products specialist that acts as an extension of the Financial Advisors. The Specialist is responsible for actively developing and supporting strategies to identify and deliver credit opportunities (e.g., LMA, ISBL, PCL, Custom Lending & Margin) to Financial Advisors existing wealth management clients and prospects. These responsibilities are achieved by ensuring wealth management clients are knowledgeable of the Banks full suite of GWIM credit solutions and by supporting the flawless delivery of these solutions through a high-touch advisor/client experience. The primary mission of the Credit Product Specialist is to establish new credit relationships with the financial advisors wealth management clients/ prospects in addition to supporting/ expanding existing GWIM credit relationships with the intent of generating balance and revenue growth with appropriate risk adjusted returns. The Specialist will work with Financial Advisors, Wealth Management Clients, GWIM Custom Lending Credit Executives, GWIM Credit leadership, Risk Management and other specialist organizations to meet these objectives. A Series 7 and 63 (or 66) are required for the position.

Requirements

• 3 years of experience in a related role in finance/banking/wealth management field.
• Must have experience providing credit solutions to high net worth clients.
• Ability to partner with internal colleagues, including underwriting, legal and operations, to troubleshoot loan related issues.
• Able to collaborate with market leadership, advisors, client associates and other specialists to consistently deliver lending solutions to wealth management clients.
• FINRA 7 and 63 (or 66) licenses (if not currently licensed, must be completed within 120 days of start date).
• Attention to Detail
• Business Development
• Loan Structuring
• Portfolio Management
• Relationship Building
• Active Listening
• Analytical Thinking
• Client Management
• Customer and Client Focus
• Profitability Analysis
• Collaboration
• Financial Forecasting and Modeling
• Pipeline Management
• Sales Performance Management
• Sales Strategy
• High School Diploma / GED / Secondary School or equivalent

Responsibilities

• Cultivate relationships and partner with Financial Advisors to identify credit opportunities and grow lending business
• Provide product education and support throughout market coverage area
• Leverage available analytics, insights and opportunity lists to proactively engage Financial Advisors
• Navigate and utilize internal systems to support end-to-end execution of securities based loans
• Use collateral evaluations to determine viability of loan requests
• Partner with Merrill market leadership and other specialist teams to maximize visibility, awareness and understanding of lending solutions

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED