Credit Officer II - Registered - Global Wealth & Investment Banking - Securities Based Lending Specialist - New York City

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We drive Responsible Growth and deliver for our clients, teammates, communities and shareholders every day. We foster 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 teammates’ physical, emotional, and financial wellness through affordable, competitive, and flexible benefits.

About the role

This role 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 client requests. The GWIM Credit Securities Based Lending (SBL) Specialist delivers securities-based lending solutions to wealth management clients in Merrill, growing loan balances through effective partnership with Merrill advisors and market leadership within the assigned geographic territory.

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

Requirements

• 8+ years of experience in commercial or wealth management lending or providing wealth management solutions in partnership with advisors
• Effective collaboration with Merrill leadership, advisors, and partners to consistently deliver SBL solutions to wealth management clients
• Strong oral and written communication skills
• Organized and able to handle/prioritize ongoing business development across multiple Merrill markets
• Ability to work well with underwriting, risk, and other business partners
• FINRA Series 7 and 63 (or 66) licenses (if not currently licensed, must be completed within 120 days of start date)
• High School Diploma / GED / Secondary School or equivalent

Desired Qualifications

• 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
• Oral Communications
• Risk Management
• Written Communications
• Influence
• Client Solutions Advisory
• Executive Presence
• Strategic Thinking
• Underwriting

Schedule

• 1st shift (United States of America)
• 40 hours per week