Mid Level Wealth Management Associate Jobs

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:
This job is responsible for supporting credit underwriting and monitoring for new and existing clients in partnership with a credit team. Key responsibilities include independently managing low-complexity transactions or portfolios, completing and reviewing credit analysis, evaluating risks, and writing financial analysis. Job expectations include leading the process, ensuring timely and accurate analysis, and coaching teammates on credit requirements.

The Credit Underwriter II (CUII) partners closely with the Credit Advisor (CA) to develop and expand custom lending relationships with strategic wealth clients. This role supports responsible and profitable loan and revenue growth while also managing a portfolio of existing credit relationships. The CUII is responsible for performing and documenting comprehensive financial analysis to support credit decisions for ultra‑high‑net‑worth clients—including individuals, family offices, trusts, and specialized wealth entities—ensuring full adherence to applicable policies, procedures, and GWIM underwriting standards and guidelines.

Can be filled as Credit Underwriter I or II depending on experience.

Responsibilities:

• Leads the credit analysis process with the support of other analysts and associates

• Partners with Credit Officers, Relationship Management, and Risk teammates to understand structuring needs and requirements

• Monitors operating performance and financial condition, proactively identifying issues and opportunities

• Assists in delivery of financial modeling, loan structure, industry, economic, and other analyses to team members to support the loan decision-making process

• Reviews work of junior teammates to provide feedback/coaching and ensure compliance with laws, rules, regulations and policy procedure

• May have primary coverage responsibility for a portfolio of clients with limited complexity and credit approval for certain credit actions

• Participate in loan structure conversations and completion of loan documentation with internal/external legal partners

Necessary Activities (Includes but not limited to):

• Complete Credit Approval Memos (CAMs) and modifications to secure credit approval for complex, custom loan products, including marketable securities, commercial real estate, fine art, hedge fund, yacht, unsecured, insurance, private equity, and subscription‑finance facilities

• Synthesize comprehensive financial information to assess liquidity, leverage, cash flow, key risks/mitigants, and legal structures (trusts, special wealth vehicles, etc.), applying sound judgment to support appropriate credit decisions

• Distill complex issues to their core components and document findings clearly, concisely, and accurately

• Consistently apply established policies, procedures, and underwriting practices, including accurate financial spreading, risk rating, financial modeling, and required approvals

• Provide lending guidance, structural recommendations, and policy expertise during upfront deal discussions with partners

• Review, negotiate, and refine loan structures and covenants during the documentation process based on borrower creditworthiness, collateral, and overall risk appetite

• Proactively manage deal pipeline and ensure timely progression of new and existing transactions

• Oversee day‑to‑day management of assigned loan portfolio, ensuring timely and accurate execution of collateral releases, SER preparation, renewals, covenant resolution, risk‑rating updates, loan modifications/waivers, and past‑due remediation

• Identify opportunities to streamline workflows and recommend process improvements

Required Qualifications:

• Strong financial analysis, accounting skills, and deal structuring for borrowers with complex balance sheets and income streams

• 3-5+ years of commercial and/or private wealth management credit experience

• Strong negotiation and communication skills

• Proficiency in Word, Excel and PowerPoint

• Excellent interpersonal skills and the ability to build business partnerships with risk, services and client teams who may not be co-located

Desired Qualifications:

• Formal Credit Training and/or Commercial/Wealth Management credit experience preferred

• Bachelor’s degree in business administration, finance, accounting or economics preferred

Skills:

• 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

Shift:

Hours Per Week: