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GWIM Credit Product Specialist

Los Angeles, California;

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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

The GWIM Credit Product Specialist acts as an extension of the Credit Executives. The Specialist is responsible for actively developing and supporting strategies to identify and deliver credit opportunities (e.g., LMA, ISBL, PCL, Custom Lending & Margin) to Financial Advisors existing wealth management clients and prospects. These responsibilities are achieved by ensuring wealth management clients are knowledgeable of the Banks full suite of GWIM credit solutions and by supporting the flawless delivery of these solutions through a high-touch advisor/client experience. The primary mission of the Credit Product Specialist is to establish new credit relationships with the financial advisors wealth management clients/ prospects in addition to supporting/ expanding existing GWIM credit relationships with the intent of generating balance and revenue growth with appropriate risk adjusted returns. The Specialist will work with Financial Advisors, Wealth Management Clients, GWIM Custom Lending Credit Executives, GWIM Credit leadership, Risk Management and other specialist organizations to meet these objectives.

Attention to Detail
Business Development
Loan Structuring
Portfolio Management
Relationship Building
Active Listening
Analytical Thinking
Client Management
Customer and Client Focus
Profitability Analysis
Financial Forecasting and Modeling
Pipeline Management
Sales Performance Management
Sales Strategy

Required Qualifications:

  • 3 years of experience in a related role in finance/banking field
  • Able to construct Deal Screen Memo – multi-page document that covers relationship metrics, transaction details, underwriting guidelines
  • Experience in analyzing complex financial statements
  • Must be able to read loan documents, make recommendations on language changes
  • Partner with internal and external counsel for guidance from risk partners.
  • Able to author transaction memo that accurately reflects the client’s needs and risk while partnering with credit executives in presenting to risk team  
  • Ability to work with advisors, their staff and external client-related partners

Desired Qualifications:

  • Knowledge in marketing and selling Private Wealth credit solutions; engaging, addressing, influencing lending needs of clients
  • Experience in negotiating Underwriting and Risk on behalf of the client to structure sound loans
  • Ability to structure securities based loans, Commercial Real Estate loans Recreational Real Estate loans, Hedge Fund loans, Fine Art loans, Yacht loans, Unsecured loans, and other miscellaneous structured loans
  • Familiarity with conducting financial analysis, including ratio analysis and DSC analysis
  • Understanding how to resolve margin calls, and debt service failures


  • Cultivate client relationships and partner with Financial Advisors to identify credit opportunities and grow lending business
  • Complete ROI analysis via the PrecisionLender tool
  • Navigate and review internal systems using Navigator and LoanIQ
  • Use collateral evaluations to determine viability of loan opportunities
  • Resolve margin calls, and debt service failures
  • Assess existing portfolio of loans, ensuring compliance with financial covenants and reporting

Minimum Education Requirements:

Bachelor’s degree or equivalent in Finance, Business Administration, Financial Economics/equivalent experience


1st shift (United States of America)

Hours Per Week: 


Learn more about this role

Full time


Manages People: No

Travel: Yes, 15% of the time

California pay and benefits information

California pay range:

$98,100 - $152,600 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.


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.