Bank of America
Credit Product Specialist, Global Wealth & Investment Management
Bank of America, New York, New York, us, 10261
Overview
To proceed with your application, you must be at least 18 years of age. 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, including our commitment to an inclusive workplace, attracting and developing talent, supporting teammates’ wellness, recognizing performance, and contributing to the communities we serve. Bank of America is committed to an in-office culture with role-specific flexibility. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description
The GWIM Credit Product Specialist acts as an extension of the Credit Executives. The Specialist 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 Bank’s 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 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 Executives, GWIM Credit leadership, Risk Management and other specialist organizations to meet these objectives.
Required Qualifications
3 years of progressively responsible experience in the job offered or a related finance / banking occupation
Desired Qualifications
Bachelor’s degree or equivalent in Finance, Business Administration, Financial Economics, or related; and Prefer 3 years of experience in each of the following: Marketing and selling Private Wealth credit solutions with a goal to engage and influence audience behavior to address the lending needs of clients; Cultivating relationships with clients and Financial Advisors to identify credit opportunities and grow lending business; 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; Conducting financial analysis including ratio analysis, DSC analysis, and collateral evaluations to determine viability of loan opportunities; and Assessing existing portfolio of loans ensuring compliance with financial covenants and reporting, resolving margin calls, and debt service failures.
Minimum Education Requirement
High School Diploma / GED / Secondary School or equivalent
Age Note
To proceed with your application, you must be at least 18 years of age.
Pay and Benefits (New York)
New York pay range:
$99,000.00 - $150,800.00 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 overall individual performance results and the performance of the business and company success. Benefits This role is currently
benefits eligible . We provide industry-leading benefits, paid time off, resources and support to our employees.
Important notice
You are now leaving a Bank of America website. By clicking Continue, you will be taken to a website that is not affiliated with Bank of America and may have a different privacy policy and level of security. Bank of America does not endorse content on external sites. You may click Continue to proceed or Cancel to return.
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To proceed with your application, you must be at least 18 years of age. 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, including our commitment to an inclusive workplace, attracting and developing talent, supporting teammates’ wellness, recognizing performance, and contributing to the communities we serve. Bank of America is committed to an in-office culture with role-specific flexibility. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description
The GWIM Credit Product Specialist acts as an extension of the Credit Executives. The Specialist 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 Bank’s 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 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 Executives, GWIM Credit leadership, Risk Management and other specialist organizations to meet these objectives.
Required Qualifications
3 years of progressively responsible experience in the job offered or a related finance / banking occupation
Desired Qualifications
Bachelor’s degree or equivalent in Finance, Business Administration, Financial Economics, or related; and Prefer 3 years of experience in each of the following: Marketing and selling Private Wealth credit solutions with a goal to engage and influence audience behavior to address the lending needs of clients; Cultivating relationships with clients and Financial Advisors to identify credit opportunities and grow lending business; 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; Conducting financial analysis including ratio analysis, DSC analysis, and collateral evaluations to determine viability of loan opportunities; and Assessing existing portfolio of loans ensuring compliance with financial covenants and reporting, resolving margin calls, and debt service failures.
Minimum Education Requirement
High School Diploma / GED / Secondary School or equivalent
Age Note
To proceed with your application, you must be at least 18 years of age.
Pay and Benefits (New York)
New York pay range:
$99,000.00 - $150,800.00 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 overall individual performance results and the performance of the business and company success. Benefits This role is currently
benefits eligible . We provide industry-leading benefits, paid time off, resources and support to our employees.
Important notice
You are now leaving a Bank of America website. By clicking Continue, you will be taken to a website that is not affiliated with Bank of America and may have a different privacy policy and level of security. Bank of America does not endorse content on external sites. You may click Continue to proceed or Cancel to return.
#J-18808-Ljbffr