Sr Credit Manager - Global Wealth & Investment Management

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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in‑office culture with specific requirements for office‑based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role‑specific considerations.

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

The Senior Credit Manager (SCM) is a client‑facing role responsible for leading a regional team of Credit Advisors (CA) and Credit Officers (CO) delivering credit solutions to Merrill clients. The credit organization is charged with developing new credit relationships, driving funded loan balance and revenue growth in a responsible and profitable manner, and managing existing credit relationships with wealth clients. The SCM sets the strategy and tactics for their regional credit advisor team, builds strong working relationships with LOB partners, and takes personal ownership for managing all types of risks.

The SCM is an enterprise talent leader, an enterprise advocate and communicator, a champion of diversity and inclusion, leads by example, models what right looks like and inspects, coaches, and improves the performance of direct reports.

• Opportunity & Inclusion Champion:
  Breaks down barriers to create a more inclusive environment that supports company Great Place to Work goals.
• Manager of Process & Data:
  Challenges end-to-end process efficiency and effectiveness, champion data driven decision‑making and removes obstacles to optimize operations.
• Enterprise Advocate & Communicator:
  Contributes to enterprise strategy and influence messaging to connect team contributions to business purpose, results, and success.
• Risk Manager:
  Inspects and challenges risk controls, governance and culture to ensure the timely identification, escalation, debate and remediation of risk across the organization.
• People Manager & Coach:
  Coaches to sustain and elevates organizational performance while differentiating to ensure pay for performance.
• Financial Steward:
  Efficiently allocates and manages resources across the organization to drive short and long term profitability.
• Enterprise Talent Leader:
  Inspects and manages the health of the bench to ensure succession for the organization, while supporting enterprise talent needs.
• Driver of Business Outcomes:
  Mobilizes organizational resources to deliver the full range of the bank’s capabilities to meet client needs and to gain competitive advantage.

• 15 plus years of commercial credit or wealth management credit experience or a combination of lending and credit experience.
• Established, proactive leader with strong interpersonal skills, polish, and executive presence.
• A leader in managing talent: selection, development and coaching.
• Strong time and operational management skills.
• 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 and retaining credibility.

• Commercial Credit training strongly preferred.
• Undergraduate and Graduate degree preferred.

• Loan structuring
• Executive presence
• Decision making
• Risk management
• Credit documentation requirements
• Collaboration
• Prioritization
• Underwriting
• Oral communications
• Analytical thinking

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