Securities-Based Lending Specialist — Wealth Management

Bank of America; New York (NY); On-site; USD 135,000 - 165,000; Full time

Benefits offered by this job

Benefits eligible

Job summary

Bank of America is seeking an experienced GWIM Credit Securities Based Lending Specialist in New York to manage client relationships and deliver securities-based lending solutions. Collaboration with Merrill advisors and leadership across markets will drive loan growth and risk management.

The role requires Series 7 and 63 licenses (or 66) and a strong background in credit and underwriting within wealth management.

Qualifications

• 8+ years of experience in commercial or wealth management lending or providing wealth management solutions in partnership with advisors.
• FINRA Series 7 and 63 (or 66) licenses; if not licensed, must be completed within 120 days of start date.
• Strong oral and written communication; ability to collaborate with Merrill leadership and advisors across multiple markets.

Responsibilities

• Partners with relationship management and product partners to assess clients’ credit needs and create solutions.
• Leads loan structure conversations and negotiates loan documentation with clients and internal/external legal partners.
• Drives credit and risk approval processes for new credit originations, renewals, increases, and modifications.
• Leads ongoing monitoring efforts for a portfolio of clients in compliance with regulations, policy and procedures.
• Drives the growth of funded loans and revenue while mitigating risks and maintaining asset quality.

Skills

Underwriting

Loan Structuring

Risk Management

Collaboration

Executive Presence

Client Solutions Advisory

Education

Bachelor’s degree

High School Diploma

Job description

Bank of America is seeking an experienced GWIM Credit Securities Based Lending Specialist in New York to manage client relationships and deliver securities-based lending solutions. Collaboration with Merrill advisors and leadership across markets will drive loan growth and risk management.

The role requires Series 7 and 63 licenses (or 66) and a strong background in credit and underwriting within wealth management.