Senior Credit Underwriter-Global Wealth and Investment Management

Job Description

This role is responsible for credit underwriting new and existing clients in partnership with a private bank credit team. Key responsibilities include independently managing transactions or portfolios of moderate to high complexity, completing and reviewing credit analysis, evaluating risks, and writing financial analysis. The position leads the process, ensures timely and accurate analysis, and coaches teammates on credit requirements. The Global Wealth Investment Management‑Sr Credit Underwriter is aligned with the Private Client Advisor (PCA) to develop new custom lending relationships with strategic wealth clients, drive funded loan balance and revenue growth responsibly, and manage a portfolio of existing lending relationships.

The Sr Credit Underwriter performs and documents in‑depth financial analysis for credit approval of ultra‑high‑net‑worth clients (individuals, family offices, trusts, special wealth vehicles, etc.) in compliance with policy, procedures, and GWIM underwriting standards and guidelines.

• Manage a portfolio of clients underwriting moderate to high complexity
• Independently work with Relationship Management and Risk teammates to understand structuring needs and requirements
• Deliver financial modeling, loan structure, industry, economic, and other analyses to team members to support the loan decision‑making process
• Review work of junior teammates to provide feedback/coaching and ensure compliance with laws, rules, regulations and policy procedure
• Hold credit approval for certain credit actions
• Lead loan structure conversations and completion of loan documentation with internal/external legal partners
• Complete Credit Approval Memos (CAM) and modifications to obtain credit approval for complex, custom loan products (marketable securities, commercial real estate, fine art, hedge fund, yacht, unsecured and subscription finance)
• Serve as main point of contact for regional portfolio of credit relationships
• Synthesize relevant financial information to understand the client’s financial standing, including liquidity, leverage, cash flow, key risks/mitigants and legal structure (trusts, special wealth vehicles, etc.) and apply sound reasoning to arrive at an appropriate credit decision
• Review and negotiate loan structure and covenants during documentation process, according to creditworthiness, collateral, and risk appetite

• Attention to Detail
• Credit and Risk Assessment
• Financial Analysis
• Underwriting
• Written Communications
• Analytical Thinking
• Credit Documentation Requirements
• Financial Forecasting and Modeling
• Recording/Organizing Information
• Business Acumen
• Collaboration
• Collateral Management
• Loan Structuring
• Prioritization

• 8+ years of private wealth management credit or commercial credit experience
• Strong financial analysis, accounting skills, and deal structuring for borrowers with complex balance sheets and income streams
• Proficiency in Word, Excel, and Power Point

• Bachelor’s degree in business administration, finance, accounting, or economics preferred
• Formal Credit Training and/or Commercial/Wealth Management credit experience preferred

High School Diploma / GED / Secondary School or equivalent

1st shift (United States of America)

40

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

$98,000.00 - $ annualized salary, offers to be determined based on experience, education and skill set.

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

This role is currently benefits eligible. We provide industry‑leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.