GWIM Credit Executive
1 week ago
Job Title: GWIM Credit Executive
Job Summary:
We are seeking a skilled GWIM Credit Executive to join our team at Bank of America Corporation. As a key member of our Global Wealth and Investment Management (GWIM) division, you will be responsible for developing new custom credit relationships with strategic wealth clients, driving funded loan balance and revenue growth in a responsible and profitable manner.
Key Responsibilities:
- Lead the growth of funded loans and revenue, while mitigating risks and adhering to regulatory requirements
- Develop, deepen, and sustain relationships with market leadership, Advisors, and clients, while building credibility
- Create 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
- Educate key partners and Advisors on platform capabilities and risk appetite to increase engagement and penetration
- Partner and collaborate with Underwriting, Risk, Operations, and Portfolio Management to deliver a seamless client experience
- Maintain asset quality within the defined Global Wealth and Investment Management risk appetite limits
Requirements:
- 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 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.)
About Us:
Bank of America Corporation is a leading financial institution committed to helping our clients achieve their financial goals. We are dedicated to building a diverse and inclusive workplace that values the unique perspectives and experiences of our teammates.
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