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 GWIM Credit Product Specialist acts as an extension of the Financial Advisors. 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 Banks 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 of the Credit Product Specialist 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.

Responsibilities:

Cultivate relationships and partner with Financial Advisors to identify credit opportunities and grow lending businessProvide product education and support throughout market coverage areaLeverage available analytics, insights and opportunity lists to proactively engage Financial AdvisorsNavigate and utilize internal systems to support end-to-end execution of securities based loansUse collateral evaluations to determine viability of loan requests

Required Qualifications:

3 years of experience in a related role in finance/banking fieldAbility to partner with internal colleagues, including underwriting, legal and operations, to troubleshoot loan related issuesAble to collaborate with market leadership, advisors and client associates to consistently deliver lending solutions to wealth management clients

Desired Qualifications:

Bachelor’s degree or equivalent in Finance, Business Administration, Financial Economics/equivalent experienceExperience in marketing and selling wealth management credit solutions through Financial AdvisorsKnowledge in financial statement analysis, structuring and negotiating loans, including securities based loansFamiliarity with how to resolve margin calls

Skills:

Attention to DetailBusiness DevelopmentLoan StructuringPortfolio ManagementRelationship BuildingActive ListeningAnalytical ThinkingClient ManagementCustomer and Client FocusProfitability AnalysisCollaborationFinancial Forecasting and ModelingPipeline ManagementSales Performance ManagementSales Strategy

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

Series 7 and 63 (or 66) licenses required for this position

Shift:

1st shift (United States of America)

Hours Per Week: 

40