Credit Officer I / Registered - GWIM… at Bank of America · Pennington

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering 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 our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce  and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development.  Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

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 Officer I is a credit products specialist that 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. A Series 7 and 63 (or 66) are required for the position.

“Internal employees who are currently working from home are still eligible to apply. However, if selected for the role, you may be required to work onsite in accordance with the workplace excellence policy”

Job Responsibilities:

• Cultivate relationships and partner with Financial Advisors to identify credit opportunities and grow lending business

• Provide product education and support throughout market coverage area

• Leverage available analytics, insights and opportunity lists to proactively engage Financial Advisors

• Navigate and utilize internal systems to support end-to-end execution of securities based loans

• Use collateral evaluations to determine viability of loan requests

• Partner with Merrill market leadership and other specialist teams to maximize visibility, awareness and understanding of lending solutions

Required Qualifications:

• 3+ years of experience in a related role in finance/banking/wealth management field

• Must have experience providing credit solutions to high net worth clients

• Ability to partner with internal colleagues, including underwriting, legal and operations, to troubleshoot loan related issues

• Able to collaborate with market leadership, advisors, client associates and other specialists to consistently deliver lending solutions to wealth management clients

• FINRA 7 and 63 (or 66) licenses (if not currently licensed, must be completed within 120 days of start date)

Skills:

• Attention to Detail

• Business Development

• Loan Structuring

• Portfolio Management

• Relationship Building

• Active Listening

• Analytical Thinking

• Client Management

• Customer and Client Focus

• Profitability Analysis

• Collaboration

• Financial Forecasting and Modeling

• Pipeline Management

• Sales Performance Management

• Sales Strategy

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

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - NJ - Pennington - 1600 American Blvd - Hopewell Bldg 6 (NJ2600)

Pay and benefits information

Pay range

$77,000.00 - $104,300.00 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.