Credit Officer I / Registered - GWIM Credit Products

Bank of America•Pennington, AL

6d•Hybrid

About The Position

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. “Internal employees who are currently working from home are still eligible to apply. However, if selected for the role, you may be required to work onsite in accordance with the workplace excellence policy”

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)

Nice To Haves

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

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