Merrill Lynch Bank Usa Work Values

Daily Duties at Merrill Lynch Bank Usa:

As a Loan Operations Manager was responsible for all the operational related activities for both the individual and corporate client loans. My responsibilities include but were not limited to the following: • Creation and management of a team that extracted and created new loan commitments for the Bank. These loans were initially securities based loans that originated with Merrill Lynch Financial Advisors and individual loan officers in the Bank and then expanded to include a new lending program comprising of commercial and corporate loans. • Managed an internal team together with parent company colleagues and outside advisors (IBM) to implement a new loan system (Loan IQ). This system allowed the Bank to have a single streamlined system to manage all of the Bank’s lending activities and greatly improved the ability of the Bank to take on more business and become more efficient and profitable. • Managed a team that was responsible for all disbursements of loan proceeds and the receipt of repayments, interest and fees for all loan portfolios. • Initially and then on an ongoing basis, developed and improved policies and procedures and process flows for the loan operations group within the Bank. • Managed all internal and external audit activities for the loan operations group. Developed and implemented best practices derived from audit concerns as well as internal discussion and considerations. • Managed internal and external relationships with loan originations, legal, compliance, finance & accounting departments and senior management.

What they like about Merrill Lynch Bank Usa:

A hiring company that offers alternative approaches to pay, performance bonuses, and/or equity in the firm is very attractive to you. You're generally less interested in working for an organization offering only traditional, salary-based compensation, one with limited opportunity to acquire equity in the firm, or one that does not actively promote skill development. In addition, you are more likely to choose a company that offers a variety of internal career options, with defined career paths. You view the learning of new skills and development of your expertise as key to your career advancement. These aspects of an organization may become even more important to you as you progress in your field, and are especially critical if you change career or occupation.

Tags

Portfolio Manager, Credit Analyst, Banking, Compliance, Operations, Management

Skills

These are some of the questions we asked our climbers about their experiences with Merrill Lynch Bank Usa: