Structured Credit Executive
Company: Disability Solutions
Location: New York
Posted on: April 28, 2024
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Job Description:
Job Description:At Bank of America, we are guided by a common
purpose to help make financial lives better through the power of
every connection. Responsible Growth is how we run our company and
how we deliver for our clients, teammates, communities and
shareholders every day.One of the keys to driving Responsible
Growth is being a great place to work for our teammates around the
world. We're devoted to being a diverse and inclusive workplace for
everyone. We hire individuals with a broad range of backgrounds and
experiences and invest heavily in our teammates and their families
by offering competitive benefits to support their physical,
emotional, and financial well-being.Bank of America believes both
in the importance of working together and offering flexibility to
our employees. We use a multi-faceted approach for flexibility,
depending on the various roles in our organization.Working at Bank
of America will give you a great career with opportunities to
learn, grow and make an impact, along with the power to make a
difference. Join us!Job Description:This job is responsible for
developing new credit relationships with strategic wealth clients,
driving funded loan balances and revenue growth while increasing
profitability, managing existing portfolios, and educating PCA/PCM
on solutions and risk appetite. Key responsibilities include
leading the credit delivery process by partnering with PCA/PCM,
Underwriting, Risk, product leaders, Portfolio Management, and
Servicing and Fulfillment. Job expectations include applying
thought leadership and credit expertise to structure credit
solutions to meet ultra-high-net-worth client's needs. The purpose
of the CE is to proactively and responsibly deliver best-in-class
credit expertise and innovative credit solutions to meet the unique
needs of wealth clients. The CE educates PCA and clients on our
credit platform capabilities and risk appetite in order to grow
loans by increasing PCA engagement and penetration.
Responsibilities:--- Leads the growth of funded loans and revenue,
while mitigating risks and adhering to regulatory requirements---
Develops, deepens, and sustains relationships with market
leadership, Advisors, and clients, while building credibility---
Creates 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--- Educates key partners and Advisors on
platform capabilities and risk appetite to increase engagement and
penetration--- Partners and collaborates with Underwriting, Risk,
Operations, and Portfolio Management to deliver a seamless client
experience--- Maintains asset quality within the defined Global
Wealth and Investment Management risk appetite limits--- Originates
sound new business through PCA teams--- Provides credit direction,
expertise and approval for strategically important clients---
Understands market differences within region and coordinates best
practices in terms of delivering thoughtful credit solutions---
Critical link to centralized underwriting and risk/approval
process--- Accountable for asset quality and financial plan for the
markets covered Skills:--- Business Development--- Prospecting---
Relationship Building--- Loan Structuring--- Negotiation--- Client
Management--- Profitability Analysis--- Active Listening---
Business Acumen--- Customer and Client Focus--- Pipeline
Management--- Portfolio Management--- Sales Strategy---
Influence--- Problem Solving Required Qualifications:--- 10 plus
years of commercial credit or wealth management credit experience
or a combination of lending and credit experience--- Familiarity
with cash flow credit skills and related market influences
(profiling, structuring, underwriting, pricing, delivery) --- Prior
experience required with a financial institution focusing on sales,
preferably in the high net worth space--- Strong verbal and written
communication skills--- Strong problem solving skills and the
ability to influence others while building strong partnerships
Desired Qualifications:--- Commercial Credit training strongly
preferredShift:1st shift (United States of America)Hours Per Week:
40
Keywords: Disability Solutions, West New York , Structured Credit Executive, Other , New York, New Jersey
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