Bank of America Corporation

Credit Officer II - Registered - Global Wealth & Investment Banking - Securities Based Lending Specialist - Scottsdale

Bank of America Corporation$100K — $120K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • 8+ years in commercial or wealth management lending
  • Proven collaboration with Merrill advisors and leadership
  • Strong communication skills, both oral and written
  • Organized with the ability to prioritize multiple markets
  • Effective in working with underwriting and risk teams
  • FINRA Series 7 and 63 (or 66) licenses required within 120 days if not currently licensed

Responsibilities

  • Partner with management and product teams to meet customer credit needs
  • Lead discussions on loan structures and negotiate documentation
  • Manage credit and risk approval processes for new and existing loans
  • Monitor compliance and regulations for client portfolios
  • Drive growth in funded loans while managing risks and quality
  • Serve as escalation point for complex credit situations
  • Mentor and support junior associates
  • Cultivate relations with advisors to identify credit opportunities
  • Develop lending strategies to achieve growth objectives
  • Educate stakeholders on securities-based lending capabilities

Benefits

  • Opportunity to work from home for current employees
  • Potential for career growth within a well-established financial institution
  • Collaborative work environment with a focus on mentorship
  • Access to extensive resources and tools for client engagement
  • Participation in innovative lending solutions tailored to wealth management
Full Job Description

Job Description:

This job is responsible for managing clients and related credit products, partnering closely with relationship management, sales/trading, treasury management, operations and risk teams to support the client relationship. Key responsibilities include underwriting, monitoring, managing operational needs and/or client requests. Job expectations include credit-focused client management responsibilities, independent thought leadership, strong leadership skills, the ability to provide feedback to less experienced teammates and may also manage a team.

This GWIM Credit Securities Based Lending (SBL) Specialist role is responsible for delivering securities-based lending solutions to wealth management clients in Merrill, and growing loan balances, through effective partnership with Merrill advisors and market leadership within the assigned geographic territory. Primary responsibilities include increasing advisor participation and client engagement with securities-based lending solutions, providing product education and supporting deal execution. 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”

Responsibilities:

  • Partners with relationship management and product partners to assess clients’ credit needs and create solutions

  • Leads loan structure conversations and negotiates loan documentation with clients and internal/external legal partners

  • Drives credit and risk approval processes for new credit originations, renewals, increases, and modifications

  • Leads ongoing monitoring efforts for a portfolio of clients in compliance with regulations, policy and procedures

  • Drives the growth of funded loans and revenue while mitigating risks, maintaining asset quality and adhering to regulatory requirements

  • Serves as an escalation point for complex credit transactions

  • Mentors and supports associates

  • Cultivate relationships with Merrill advisors to identify credit opportunities, support client outreach and implement SBL loan facilities

  • Develop and execute lending strategy and initiatives, in partnership with Merrill market leadership, to achieve SBL growth objectives

  • Educates Advisors and key partners on SBL capabilities and risk appetite to increase engagement and penetration

Required Qualifications:

  • 8+ years of experience in commercial or wealth management lending or providing wealth management solutions in partnership with advisors

  • Effective collaboration with Merrill leadership and advisors and partners to consistently deliver SBL solutions to wealth management clients

  • Strong oral and written communication

  • Organized and can handle/prioritize ongoing business development across multiple Merrill markets

  • Ability to work well with underwriting, risk, and other business partners

  • FINRA 7 and 63 (or 66) licenses (if not currently licensed, must be completed within 120 days of start date).

Desired Qualifications:

  • Has FINRA SIE, Series 7 & 66

  • Bachelor’s degree

  • Specific experience in marketing and selling wealth management credit solutions through Advisors

Skills:

  • Business Acumen

  • Coaching

  • Decision Making

  • Hiring and Onboarding

  • Loan Structuring

  • Collaboration

  • Credit Documentation Requirements

  • Oral Communications

  • Risk Management

  • Written Communications

  • Influence

  • Client Solutions Advisory

  • Executive Presence

  • Strategic Thinking

  • Underwriting

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Shift:

1st shift (United States of America)

Hours Per Week: 

40

About Bank of America Corporation

Bank of America Merrill Lynch is the corporate and investment banking division of Bank of America. It provides services in mergers and acquisitions, equity and debt capital markets, lending, trading, risk management, research, and liquidity and payments management. It was formed through the combination of the corporate and investment banking activities of Bank of America and Merrill Lynch following the acquisition of the latter by the former in January 2009. Bank of America completed the acquisition of Merrill Lynch & Co on 1 January 2009. Bank of America began rebranding all of its corporate and investment banking activities under the Bank of America Merrill Lynch name in September 2009. In April 2010, Bank of America Merrill Lynch appointed Christian Meissner as head of investment banking for Europe, Middle East and Africa. In April 2011, Bank of America Merrill Lynch integrated its corporate and investment banking operations into a single division. In October 2013, Bank of America Merrill Lynch was recognised as the Most Innovative Investment Bank of the Year in The Banker's Investment Banking Awards.

Bank of America Corporation Careers

Join the dynamic team at Bank of America Corporation, a premier global financial institution where innovation, leadership, and growth go hand in hand. As one of the largest banks in the world, we offer unparalleled job opportunities and a culture that values diversity, inclusion, and professional growth. Work You’ll Do At Bank of America Corporation, you’ll be part of a team that’s dedicated to making a real difference. Whether you’re helping families buy their first home, advising businesses on expansion, or developing cutting-edge financial technologies, your work will have an impact. Our commitment to leadership in the financial industry has never been stronger, and we need passionate, skilled professionals to lead our journey. Explore a World of Opportunities From entry-level positions to leadership roles, Bank of America Corporation offers a variety of career paths in areas such as investment banking, technology, marketing, and risk management. Our job opportunities span the globe, providing the chance to work alongside the best in the industry and develop skills that will propel your career forward. Internship Programs Kickstart your career with Bank of America Corporation’s internship programs. These opportunities provide hands-on experience and a chance to engage in meaningful work that complements your academic studies. Interns gain invaluable networking opportunities, receive mentorship from seasoned professionals, and learn about the culture and operations of a global financial leader. Benefits and Growth Bank of America Corporation is committed to the well-being and continuous professional development of our team members. We offer a competitive benefits package that supports the health, financial stability, and work-life balance of our employees. Our training programs and development initiatives ensure that every team member has the opportunity to grow and advance within the company. Inclusive Culture We believe our strength lies in our diversity. Bank of America Corporation fosters an inclusive environment where all employees can thrive. Through diversity training and a commitment to equal opportunities, we cultivate leadership and innovation that reflect the wide-ranging communities we serve. Join Our Team Are you ready to advance your career at a company that’s at the forefront of the financial industry? Explore the positions available at Bank of America Corporation and find where your skills and interests align with our needs. We are continuously hiring and looking for individuals who are curious, creative, and eager to drive change. Stay Connected Keep up to date with the latest from Bank of America Corporation Careers by subscribing to our job alert emails. Tailor your subscription to receive updates that match your career interests and get insider tips that can help you during your application and interview process. Bank of America Corporation is not just a company—it’s a place where you can shape your future and the future of finance. Join us and be part of a team that’s redefining what a bank can be.
Learn more about Bank of America Corporation
Size
208,000 employees
Market Cap
$260.3 billion
Industry
Net Income
$17.8 billion
Founded
1998
5 Year Trend
-1.4%
NASDAQ

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