Divisional 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 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 Manager II (CMII) is a client-facing role responsible for leading a regional team of Credit Advisors (CA) delivering credit solutions to Private Bank 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 CMII 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 CMII 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.

Responsibilities:
•    Successfully lead and manage a high performing, client-facing credit sales team
•    Own and execute business strategy to responsibly grow funded loans and revenue 
•    Build credibility by developing, deepening, and sustaining relationships with Market leadership, Advisors, and clients
•    Create a client-centric culture with in-depth knowledge of clients, timely renewals and issue resolution, and competitive deal structuring
•    Partner and collaborate with LOB, Underwriting, Risk, Operations, and Portfolio Management to deliver seamlessly
•    Maintain asset quality within the defined GWIM risk appetite limits
•    Challenge the status quo to improve/simplify processes, reduce manual work, and improve speed to delivery
•    Approach client and teammate relationships with a problem-solving mentality 
•    Effectively coach and develop team to continuously improve the employee experience and build enterprise talent
•    Actively participate in driving GWIM Credit key priorities forward (Employee Experience, Client Experience, Responsible Growth)

Required Qualifications:
•    7+ years of commercial or wealth lending 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
•    Strong verbal and written communication skills
•    Strong problem-solving skills and the ability to influence others while building strong partnerships and retaining credibility

Desired Qualifications:
• Commercial Credit training strongly preferred
• Undergraduate and Graduate degree preferred

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

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110)

Pay and benefits information

Pay range

$105,000.00 - $200,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

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.

Benefits

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.