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GWIM Sr Operations Analyst - Payoff Analyst

Pennington, New Jersey;

Job Description:

Line of Business Job Description:

This position is a LMA Payoff Analyst role in Lending Operations, responsible supporting the functions and processes transitioning incoming client relationships to Loan Management Account (LMA).  The Loan Management Account product currently provides high net worth clients with more than $40B in outstanding loans collateralized by their Merrill Lynch brokerage accounts.  This position must ensure all operational risk functions and compliance with various regulations are completed accurately and in a timely manner.  The position will work closely with various Business and Operational partners, branch management teams and senior management to address day to day client needs. 

Responsibilities of the LMA Payoff Analyst include: 

  • Reviewing incoming requests for completeness, addressing regulatory and risk points
  • Manage a high-volume pipeline of in-flight transactions, providing regular metrics and reporting to upper management
  • Liaise with multiple lines of business including Underwriting, Onboarding, Risk, and Monetary Control to facilitate the transfer of new client relationships
  • Preparation of payoff related documents
  • Update all procedures as needed to ensure

Required Skills:

  • Proficiency with Excel, Work, PowerPoint and other similar applications
  • Strong analytical, organizational & decision making skills
  • Excellent interpersonal and collaboration skills
  • Team player with ability to prioritize and manage multiple tasks simultaneously
  • Excellent written and verbal communication skills
  • Ability to work directly with Branch OMT to discuss and resolve escalated scenarios
  • Bachelor’s Degree or equivalent experience

Desired Skills:

  • 3-5 years prior experience in the brokerage industry

Job Band:

H6

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Line of Business Job Description:

This position is a LMA Payoff Analyst role in Lending Operations, responsible supporting the functions and processes transitioning incoming client relationships to Loan Management Account (LMA).  The Loan Management Account product currently provides high net worth clients with more than $40B in outstanding loans collateralized by their Merrill Lynch brokerage accounts.  This position must ensure all operational risk functions and compliance with various regulations are completed accurately and in a timely manner.  The position will work closely with various Business and Operational partners, branch management teams and senior management to address day to day client needs. 

Responsibilities of the LMA Payoff Analyst include: 

  • Reviewing incoming requests for completeness, addressing regulatory and risk points
  • Manage a high-volume pipeline of in-flight transactions, providing regular metrics and reporting to upper management
  • Liaise with multiple lines of business including Underwriting, Onboarding, Risk, and Monetary Control to facilitate the transfer of new client relationships
  • Preparation of payoff related documents
  • Update all procedures as needed to ensure

Required Skills:

  • Proficiency with Excel, Work, PowerPoint and other similar applications
  • Strong analytical, organizational & decision making skills
  • Excellent interpersonal and collaboration skills
  • Team player with ability to prioritize and manage multiple tasks simultaneously
  • Excellent written and verbal communication skills
  • Ability to work directly with Branch OMT to discuss and resolve escalated scenarios
  • Bachelor’s Degree or equivalent experience

Desired Skills:

  • 3-5 years prior experience in the brokerage industry

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-22039041

Band: H6

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Vicki Demarest

Referral Bonus:

0