Credit Advisor, Global Wealth & Investment Management

Job Description:

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!

Job Description:
The Credit Executive (CE) is a client-facing role responsible for developing new custom credit relationships with strategic wealth clients driving funded loan balance and revenue growth in a responsible and profitable manner managing a portfolio of existing credit relationships and educating Advisors on our credit solutions and risk appetite. Within their targeted geographic territory the CE leads the credit delivery process from beginning to end by partnering with Advisors Underwriting Risk Product Subject Matter Experts Portfolio Management and Servicing & Fulfillment. The CE brings thought leadership and credit expertise to structuring highly customized credit solutions to meet the unique needs of our ultra-high-net-worth clients.

Responsibilities:
Leads the growth of funded loans and revenue while mitigating risks and adhering to regulatory requirements
Develops deepens and sustains relationships with market leadership Advisors and clients while building credibility
Creates a client-centric culture by applying in-depth knowledge of clients timely renewals and issue resolution and providing competitive deal structuring while serving as the key point of contact for credit clients
Educates key partners and Advisors on platform capabilities and risk appetite to increase engagement and penetration
Partners and collaborates with Underwriting Risk Operations and Portfolio Management to deliver a seamless client experience
Maintains asset quality within the defined Global Wealth and Investment Management risk appetite limits

Required Qualifications:

10 plus years of commercial credit or wealth management credit experience

Strong oral and written communication skills
Effectively present to Merrill leadership and advisors around Custom Credit
Strong credit skills (commercial / UHNW)
Organized and can handle/prioritize several transactions at the same time
Ability to work well with with underwriting risk and other business partners
Find new deals structure prepare deal sheets negotiate and close complex loan structures
Conduct preliminary analysis to determine viability of loan opportunities (run ratios DSC analysis risk rating estimates etc.
Manage ongoing loan portfolio (reporting covenants etc.)

Desired Qualifications:

Ability to structure loans to UHNW clients secured by commercial real estate securities artwork hedge funds yachts as well as unsecured loans
BS degree / MBA

Skills:
Business Development
Loan Structuring
Negotiation
Prospecting
Relationship Building
Active Listening
Business Acumen
Client Management
Customer and Client Focus
Profitability Analysis
Influence
Pipeline Management
Portfolio Management
Problem Solving
Sales Strategy

Shift:

Hours Per Week: