layiq

/la·yiq/adjective

worthy; deserving; fitting; suitable.

A role, opportunity, or path that merits attention, time, and pursuit.

Credit Officer II - Registered - Global Wealth & Investment Management - Securities Based Lending Specialist - Los Angeles at Bank of America | LAYIQ

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
Required 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).
Desired Qualifications: Has FINRA SIE, Series 7 & 66
Bachelor’s degree
Specific experience in marketing and selling wealth management credit solutions through Advisors
Skills: Business Acumen
Coaching
Decision Making
Hiring and Onboarding
Loan Structuring
Collaboration
Credit Documentation Requirements
Oral Communications
Risk Management
Written Communications
Influence
Client Solutions Advisory
Executive Presence
Strategic Thinking
Underwriting
Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent
Shift: 1st shift (United States of America)
Hours Per Week: 40

Credit Officer II - Registered - Global Wealth & Investment Management - Securities Based Lending Specialist - Los Angeles

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