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 is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
Performs intensive qualitative and quantitative due diligence on industry and company factors. Analysts participate in the structuring, underwriting and documentation of credit facilities designed to meet both client and investor needs as well as balance the banks internal risk/return requirements. Research, write and present financial and industry analyses in support of company specific and portfolio level decisions. Evaluate transaction and relationship risk-adjusted profitability to facilitate the allocation of capital. Monitor all elements of the bank credit exposure to its clients across its international network, including periodically reassessing internally assigned risk ratings. Manage credit exposure associated with the bank broad range of products including Loans, Commodities/Foreign Exchange, Derivatives, Leasing, Treasury Management, etc.
Responsibilities:
Be an active member of deal teams and engage proactively with relationship and product partners
Analyze clients’ businesses, their financial statements and due diligence materials
Prepare insightful detailed credit papers for new requests and ongoing portfolio monitoring purposes
Perform ongoing monitoring of clients and information flow associated with the portfolio
Supervise and provide developmental oversight to Analyst
Identify and escalate emerging risks
Understand and apply internal policy, procedures and regulatory requirements
Review various legal documents for relevant credit products
Successful candidate must be able to communicate effectively in constructing arguments to support recommendations to senior officers.
Credit Officers will also, on occasion, participate in client meetings.
Requirements:
Maximum 3 years of experience in banking and finance or related field
Sound commercial judgment and strong business acumen
Knowledge of credit products including loans, derivatives, trade finance, cash management
Ability to analyze financial statements, conduct due diligence and prepare credit proposals
Experience analyzing investment and sub-investment grade credit profiles and structures
Proactive - takes initiative and demonstrates ownership
Strong technical skills, including accounting and modeling in Excel
Strong written and verbal communication skills in English
Capability to build relationship both within the bank and with clients
Demonstrates intellectual curiosity and is focused on continuous learning and skill building
Ability to work independently and manage multiple complex tasks while delivering high quality results
Skills:
Analytical Thinking
Financial Analysis
Financial Forecasting and Modeling
Profitability Analysis
Research Analysis
Attention to Detail
Business Acumen
Credit and Risk Assessment
Underwriting
Written Communications
Collaboration
Critical Thinking
Portfolio Analysis
Prioritization
Technical Documentation