Credit Officer, Global Wealth & Investment Management

Bank of America•Chicago, IL

22h•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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! The GWIM Credit Officer acts as an extension of the Credit Advisors. The Credit Officer 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 Officer 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 Advisors, 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
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
3 years of experience in Cultivating relationships with clients and Financial Advisors to identify credit opportunities and grow lending business
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
3 years of experience in Conducting financial analysis including ratio analysis, DSC analysis, and collateral evaluations to determine viability of loan opportunities
3 years of experience in Assessing existing portfolio of loans ensuring compliance with financial covenants and reporting, resolving margin calls, and debt service failures
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

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 Advisors, GWIM Credit leadership, Risk Management and other specialist organizations to meet objectives.