Securities-Based Lending Specialist, Wealth Management

Merrill; Los Angeles (CA); On-site; USD 100,000 - 175,000; Full time

Benefits offered by this job

Benefits

Job summary

Bank of America’s GWIM Credit Securities Based Lending Specialist role in Los Angeles focuses on delivering securities-based lending solutions to wealth management clients and growing loan balances. The role requires Series 7 and 63 (or 66) licenses and involves close collaboration with Merrill advisors to drive engagement and risk-aware growth.

Responsibilities include leading loan structuring discussions, ensuring regulatory compliance, and mentoring teammates while expanding advisor

Qualifications

• 8+ years of experience in commercial or wealth management lending or providing wealth management solutions with advisors.
• FINRA licenses (7 and 63 or 66) required or must be completed within 120 days of start date.

Responsibilities

• Partner with relationship management to assess clients' credit needs and tailor solutions.
• Lead loan structure conversations and negotiate loan documentation with clients and legal partners.
• Drive credit and risk approval for new originations, renewals, increases, and modifications.
• Monitor a portfolio of clients ensuring regulatory compliance, policy adherence, and asset quality.
• Grow funded loans and revenue while mitigating risk and maintaining client satisfaction.
• Mentor associates and cultivate relationships with Merrill advisors to identify credit opportunities.

Skills

Loan structuring

Underwriting

Risk management

Relationship management

Client communications

Education

High School Diploma / GED / Secondary School or equivalent

Job description

Bank of America’s GWIM Credit Securities Based Lending Specialist role in Los Angeles focuses on delivering securities-based lending solutions to wealth management clients and growing loan balances. The role requires Series 7 and 63 (or 66) licenses and involves close collaboration with Merrill advisors to drive engagement and risk-aware growth.

Responsibilities include leading loan structuring discussions, ensuring regulatory compliance, and mentoring teammates while expanding advisor