Bank of America

Runs a US consumer bank, brokerage and investment bank

Credit Advisor - Global Wealth & Investment Management

Retail & Commercial BankingConfirmed live in the last 24 hours

Full-timeHouston, TX, USANo salary listed

About the Job

Requirements

At least 10 years of commercial credit or wealth management credit experience.
Strong oral and written communication skills.
Ability to present effectively to Private Bank leadership and Advisors on Custom Credit.
Strong commercial and ultra-high-net-worth credit skills.
Ability to organize and prioritize several transactions simultaneously.
Ability to work effectively with underwriting, risk, and other business partners.
Ability to find new deals, structure transactions, prepare deal sheets, negotiate, and close complex loan structures.
Ability to conduct preliminary analysis to determine the viability of loan opportunities, including running ratios, debt service coverage analysis, and risk-rating estimates.
Ability to manage an ongoing loan portfolio, including reporting and covenants.

Responsibilities

Lead growth of funded loans and revenue while mitigating risks and adhering to regulatory requirements.
Develop, deepen, and sustain relationships with market leadership, Advisors, and clients while building credibility.
Create a client-centric culture by applying in-depth client knowledge, completing timely renewals, resolving issues, providing competitive deal structuring, and serving as the key point of contact for credit clients.
Educate key partners and Advisors on platform capabilities and risk appetite to increase engagement and penetration.
Partner and collaborate with Underwriting, Risk, Operations, and Portfolio Management to deliver a seamless client experience.
Maintain asset quality within defined Global Wealth and Investment Management risk-appetite limits.
Develop new custom credit relationships with strategic wealth clients, drive funded loan balance and revenue growth responsibly and profitably, manage existing credit relationships, and educate Advisors on credit solutions and risk appetite.
Lead the end-to-end credit delivery process within the targeted geographic territory, partnering with Advisors, Underwriting, Risk, Product Subject Matter Experts, Portfolio Management, and Servicing & Fulfillment.
Provide thought leadership and credit expertise to structure customized credit solutions for ultra-high-net-worth clients.
Cover Private Bank custom lending in the Houston, Austin, and San Antonio markets.

Desired Qualifications

Ability to structure loans for ultra-high-net-worth clients secured by commercial real estate, securities, artwork, hedge funds or private equity funds, yachts, life insurance products, as well as unsecured loans.
Bachelor of Science degree or Master of Business Administration.

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

The Credit Advisor (CA) is a client-facing role responsible for developing new custom credit relationships with strategic wealth clients, driving funded loan balance and revenue growth in a responsible and profitable manner, managing a portfolio of existing credit relationships, and educating Advisors on our credit solutions and risk appetite. Within their targeted geographic territory, the CA leads the credit delivery process from beginning to end by partnering with Advisors, Underwriting, Risk, Product Subject Matter Experts, Portfolio Management, and Servicing & Fulfillment. The CA brings thought leadership and credit expertise to structuring highly customized credit solutions to meet the unique needs of our ultra-high-net-worth clients.

This role will have responsibility for Private Bank custom lending covering the Houston, Austin and San Antonio markets.

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

Required Qualifications:

• 10 plus years of commercial credit or wealth management credit experience

• Strong oral and written communication skills
• Effectively present to Private Bank leadership and advisors around Custom Credit
• Strong credit skills (commercial / UHNW)
• Organized and can handle/prioritize several transactions at the same time
• Ability to work well with underwriting, risk, and other business partners
• Find new deals, structure, prepare deal sheets, negotiate, and close complex loan structures
• Conduct preliminary analysis to determine viability of loan opportunities (run ratios, DSC analysis, risk rating estimates, etc.
• Manage ongoing loan portfolio (reporting, covenants, etc.)

Desired Qualifications:

• Ability to structure loans to UHNW clients secured by commercial real estate, securities, artwork, hedge funds / private equity funds, yachts, life insurance products, as well as unsecured loans
• BS degree / MBA

Skills:
•   Business Development
•   Loan Structuring
•   Negotiation
•   Prospecting
•   Relationship Building
•   Active Listening
•   Business Acumen
•   Client Management
•   Customer and Client Focus
•   Profitability Analysis
•   Influence
•   Pipeline Management
•   Portfolio Management
•   Problem Solving
•   Sales Strategy

Shift:

1st shift (United States of America)

Hours Per Week:

About the Company

Bank of America

Runs a US consumer bank, brokerage and investment bank

Bank of America runs one of the largest US banks, serving consumers, small businesses, wealthy families, corporations and institutional investors. Alongside checking accounts, credit cards, mortgages and business loans, it owns the Merrill brokerage, a private bank for wealthy clients and a global investment bank that advises on deals and trades stocks and bonds. Customers reach it through thousands of branches and ATMs and its mobile banking app. It earns money mainly from the gap between what it charges on loans and pays on deposits, plus fees from advice, asset management, deal work and trading. It grew from a San Francisco bank founded in 1904 and is headquartered in Charlotte, North Carolina.

Company size: 10,001+
Company stage: IPO
Headquarters: Charlotte, NC
Founded: 1904

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