Credit Officer, Global Wealth & Investment Management

Bank of America•Tampa, FL

1d•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! The GWIM Credit Product Specialist/Credit Officer acts as an extension of the Credit Executives. 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.

Requirements

3 years of progressively responsible experience in the job offered or a related finance / banking occupation
High School Diploma / GED / Secondary School or equivalent

Nice To Haves

Bachelor’s degree or equivalent in Finance, Business Administration, Financial Economics, or related
Prefer 3 years of experience in marketing and selling Private Wealth credit solutions with a goal to engage and influence audience behavior to address the lending needs of clients
Prefer 3 years of experience in cultivating relationships with clients and Financial Advisors to identify credit opportunities and grow lending business
Prefer 3 years of experience in negotiating with Underwriting and Risk on behalf of the client to structure sound loans including securities based loans, Commercial real estate loans, Recreational real estate loans, Hedge Fund loans, Fine Art loans, Yacht loans, Unsecured loans, and other miscellaneous loans
Prefer 3 years of experience in conducting financial analysis including ratio analysis, DSC analysis, and collateral evaluations to determine viability of loan opportunities
Prefer 3 years of experience in assessing existing portfolio of loans ensuring compliance with financial covenants and reporting, resolving margin calls, and debt service failures

Responsibilities

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.
Ensuring wealth management clients are knowledgeable of the Banks full suite of GWIM credit solutions.
Supporting the flawless delivery of these solutions through a high-touch advisor/client experience.
Establishing new credit relationships with the financial advisors wealth management clients/ prospects.
Supporting/ expanding existing GWIM credit relationships with the intent of generating balance and revenue growth with appropriate risk adjusted returns.
Working with Financial Advisors, Wealth Management Clients, GWIM Custom Lending Credit Executives, GWIM Credit leadership, Risk Management and other specialist organizations to meet these objectives.
Marketing and selling Private Wealth credit solutions with a goal to engage and influence audience behavior to address the lending needs of clients.
Cultivating relationships with clients and Financial Advisors to identify credit opportunities and grow lending business.
Negotiating with Underwriting and Risk on behalf of the client to structure sound loans including securities based loans, Commercial real estate loans, Recreational real estate loans, Hedge Fund loans, Fine Art loans, Yacht loans, Unsecured loans, and other miscellaneous loans.
Conducting financial analysis including ratio analysis, DSC analysis, and collateral evaluations to determine viability of loan opportunities.
Assessing existing portfolio of loans ensuring compliance with financial covenants and reporting, resolving margin calls, and debt service failures.