Location: New York,NY, USA
Sr. Relationship Manager Global Commercial Banking/Non-Bank Financial Institutions
New York, New York
**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. Were 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!
Bank of America's Global Commercial Bank (GCB) is looking to add a Relationship Manager (RM) in the Metro NY Market focused on a portfolio of Non-Bank Financial Institution (NBFI) clients. The Global Commercial Bank serves public and private companies with annual revenues of $50 million to $2 billion. GCB provides a wide range of solutions to NBFIs globally including Global Treasury Services, Credit, Global Markets products, Capital Raising & Advisory Services, Wealth Management and Financial Life Benefits. The GCB NBFI portfolio consists primarily of alternative asset managers and market infrastructure firms that are clients of Bank of Americas Equities & Fixed Income Currency & Commodities businesses in Global Markets. Others may be clients of the Global Corporate & Investment Bank and/or Merrill or the Private Bank. Strong sector knowledge and strong partnerships across Bank of America are crucial to succeeding in the role.
The RM coordinates holistic coverage across GCB core solutions including treasury services and credit origination while delivering the full breadth of Bank of America in concert with business partners in Global Markets, Investment Banking and Wealth Management. In addition to being the primary Bank advocate and key advisor to the client, the RM is accountable for deepening existing relationships at the CEO/CFO/Treasurer level. The RM will prepare for and conduct conversations regarding the client's distinct NBFI industry needs. The RM will assess risks and impacts from both the client's and the Banks perspectives for development and implementation of an overall client strategy. The RM must be well versed in all Bank of America solutions and services for identification of cross-selling opportunities.
**Responsibilities:**
+ Manages an extensive portfolio of NFBI clients and prospects and delivers the full suite of BofA products and services.
+ Acquires, deepens, and maintains profitable client relationships through sales, prospecting, and enhancing existing relationships
+ Understands and interprets financial statements to assess and analyze financial conditions of companies and industry trends
+ Collaborates with domestic and international teammates throughout the bank, including Investment Banking, Foreign Exchange, and Wealth Management and facilitates client relationships with Product Specialists in Credit, Treasury Management, and Merchant Services in order to design and deliver financial solutions to clients and prospects
+ Leads and facilitates dialogue with a variety of complex clients and prospects regarding topics such as the client and prospect industry, alternative capital structures, and general business issues
+ Coaches and mentors peers, while utilizing leadership skills
+ Adapts to changes in sales practices and broader market and industry conditions as needed
**Skills:**
+ Client Management
+ Client Solutions Advisory
+ Prospecting
+ Relationship Building
+ Risk Management
+ Financial Analysis
+ Leadership Development
+ Project Management
+ Referral Identification
+ Sales Performance Management
+ Business Development
+ Client Experience Branding
+ Continuous Improvement
+ Data and Trend Analysis
+ Pipeline Management
**Required Qualifications:**
+ 8+ years experience in Commercial or Transaction Banking
+ Demonstrates ability to successfully manage an extensive portfolio of NBFI clients
+ Proven track record of prospecting new business, enhancing existing relationships and closing profitable transactions.
+ Professional proven sales skills and experience, including planning, execution and follow up of client meetings.
+ Strong corporate finance, capital markets and accounting acumen.
+ Financial modeling experience and the completion of a formal credit training preferred.
+ Outstanding oral and written communication skills.
+ Demonstrated leadership ability.
+ Capable of organizing, facilitating, leading and negotiating with a team of bank associates to solve client problems.
+ Securities Industry Essentials (SIE), Series 7 &63(Must obtain SIE, series 7 & 63 license within 180 days of start date)
**Desired Skills:**
+ Undergraduate degree in related field or equivalent work experience. MBA desirable.
+ Existing knowledge of the market preferred.
+ Active member/participation in local community organizations.
+ Highly desirable to have active networking contacts and Centers of Influence established in market.
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
**Pay Transparency details**
US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)
Pay and benefits information
Pay range
$140,000.00 - $235,000.00 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.
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
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To view Bank of Americas Drug-free Workplace and Alcohol Policy, CLICK HERE .
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.