Job Description:This job is responsible for participating in a 12-month development program designed to build foundational commercial banking sales and credit skills, preparing participants to transition into a Senior Relationship Manager role upon completion of the program.
Key responsibilities include acquiring and managing a portfolio of clients and prospects, generating new and incremental business, acting as a trusted advisor, and delivering integrated financial solutions by collaborating with internal partners.
Job expectations include leveraging activity-based training modules, engaging in national and local leader and peer coaching, and developing knowledge of credit, treasury, and other operational services, while building client relationships, creating business plans, and influencing team performance.
Responsibilities:- Acts as a trusted advisor for clients and prospects with annual revenues of $50 million to $2 billion, identifying opportunities and recommending integrated solutions that encompass multiple products and services as needed
- Develops an in-depth understanding of clients'/prospects corporation, organization, and the related industry in addition to their strategy and needs, while responding to changes in the business environment or client/prospect needs
- Leverages ideas, insights, and relationships to generate new and incremental business for Bank of America
- Collaborates with domestic and international teammates throughout Bank of America, including Investment Banking, Foreign Exchange, and Wealth Management
- Facilitates client relationships with product specialists in Credit, Treasury Management, and Merchant Services in to ensure the integrated delivery of valuable financial solutions with the Risk & Compliance framework
- Designs and implements a business plan that will maximize the profitability of each client and prospect
- Builds relationships with internal and external sales referral partners
- Motivates and influences client team members appropriately and collaborates in their onboarding, coaching, and development
Required Qualifications:- 10+ years of demonstrated sales experience, with a proven ability to drive revenue and build client relationships
- Securities Industry Essentials (SIE), Series 7 and 63 licenses required to be obtained within 180 days of start date
- Strong business development and analytical capabilities
- Strong interpersonal and communication skills
- Demonstrated resilience and commitment to continuous learning
- Strong business acumen
- Ability to read and interpret both audited and unaudited company financial statements
Preferred Qualifications:- Established local network of business referral sources and centers of influence (COIs)
Skills:- Business Development
- Pipeline Management
- Prospecting
- Referral Identification
- Sales Strategy
- Client Experience Branding
- Financial Analysis
- Referral Management
- Risk Management
- Sales Performance Management
- Data and Trend Analysis
Minimum Education Requirement: Undergraduate degree or equivalent work experience desired: Majors in business, finance or economics preferred. MBA desirable.
Shift:1st shift (United States of America)
Hours Per Week: 40
Pay Transparency detailsUS - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110)
Pay and benefits information
Pay range
$140,000.00 - $235,000.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
Benefits
This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
