Senior Securities-Based Lending Credit Specialist

Bank of America; Los Angeles (CA); On-site; USD 135,000 - 165,000; Full time

Benefits offered by this job

Benefits

Job summary

Bank of America is seeking an experienced GWIM Credit Securities Based Lending (SBL) Specialist to deliver securities‑based lending solutions to wealth management clients in Merrill. You will grow loan balances through collaboration with Merrill advisors and market leadership within the assigned territory.

The role emphasizes increasing advisor participation, educating partners on SBL capabilities, and executing lending strategies with a focus on risk management and regulatory compliance.

Qualifications

• 8+ years of experience in commercial or wealth management lending or providing wealth management solutions in partnership with advisors.
• Effective collaboration with Merrill leadership and advisors and partners to consistently deliver SBL solutions to wealth management clients.
• Strong oral and written communication.
• Organized and can handle/prioritize ongoing business development across multiple Merrill markets.
• Ability to work well with underwriting, risk, and other business partners.
• FINRA 7 and 63 (or 66) licenses (if not currently licensed, must be completed within 120 days of start date).

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, maintaining asset quality and adhering to regulatory requirements.
• Serves as an escalation point for complex credit transactions.
• Mentors and supports associates.
• Cultivate relationships with Merrill advisors to identify credit opportunities, support client outreach and implement SBL loan facilities.
• Develop and execute lending strategy and initiatives, in partnership with Merrill market leadership, to achieve SBL growth objectives.
• Educates Advisors and key partners on SBL capabilities and risk appetite to increase engagement and penetration.

Skills

Credit underwriting

Loan structuring

Client relationship

Communication

Risk management

Leadership

Mentoring

Regulatory compliance

FINRA licenses

Oral communications

Written communications

Strategic thinking

Cross-functional collaboration

Education

High School Diploma / GED / Secondary School or equivalent

Job description

Bank of America is seeking an experienced GWIM Credit Securities Based Lending (SBL) Specialist to deliver securities‑based lending solutions to wealth management clients in Merrill. You will grow loan balances through collaboration with Merrill advisors and market leadership within the assigned territory.

The role emphasizes increasing advisor participation, educating partners on SBL capabilities, and executing lending strategies with a focus on risk management and regulatory compliance.