Bank of America (BofA) is one of the world’s largest financial institutions, serving corporations, governments, institutions and individuals with a full range of banking, investing, asset management and other financial and risk management products and services through operations in more than 35 countries. The bank’s Global Corporate & Investment Banking (GCIB) line of business provides clients around the world and across all major industries with solutions for Treasury services, lending, leasing, advisory and debt and equity underwriting.
Bank of America - Global Leasing, a part of GCIB, is the largest U.S. equipment financing company, serving early 65,000 clients worldwide. Together with our affiliated companies we provide customized financing solutions that address the capital raising and equipment financing needs of businesses worldwide. We offer industry leadership, capital strength and specialized expertise to small businesses, middle-market and large corporations, offering product expertise in government financing and wholesale vendor financing, as well as tailored programs specific to industry segments, including aviation, healthcare, energy services and renewable energy.
The Leasing Credit Officer role supports Global Leasing’s international Commercial Aircraft financing and leasing business unit, Bank of America Leasing Ireland (BALI). The position may also support other BAL businesses on an ad hoc basis. BALI’s existing aircraft leasing portfolio includes commercial aircraft operated by top tier passenger and cargo airlines across the world. Day to day reporting to the BALI Credit Manager, the successful candidate will be a key team member in executing on BALI’s business plan delivering operating leases and secured debt products to the commercial aircraft sector.
Aircraft asset quality and airline credit monitoring of an existing portfolio of airline clients and secured debt transactions including the timely preparation of periodic status reviews and annual program renewals, managing airline client compliance with financial reporting and other covenants.
Underwriting and credit structuring of aircraft leases and loans originated by the BALI team. This will include an evaluation, review and written analysis of all factors that affect an airline’s ability to repay and/or service their obligations on time; the identification and assessment of all strengths, weaknesses and risks (including credit risk, market risk, and operational risk) associated with the opportunity; as well as identifying and describing mitigating factors. The individual will use his/her skill set to assess the appropriateness of the proposed transaction, and to propose optimal alternatives or additional solutions. As part of the due diligence process, there may also be some airline or lessor client interaction and completion of KYC/ AML requirements.
Work closely with the Commercial Aircraft Leasing Sales/Origination teams, Transaction Management team, Internal and External Legal counsel, as well as with Bank of America Merrill Lynch colleagues in Wholesale Credit, Risk Management and Leasing Senior Management.
Preferred Qualifications and Skill Requirements:
Educated to degree level (business, finance, accounting or related discipline preferred).
Minimum 4 years’ experience in banking/finance industry (Aircraft finance experience, specifically in commercial aircraft leasing, preferred).
Broad knowledge of the Aviation industry, airline sector and the aircraft leasing sector.
Strong credit analysis skills (cash flow modelling expertise an advantage), and experience in the credit structuring of aircraft leasing and secured aircraft financing transactions.
Proven ability to analyze, interpret and negotiate aircraft lease agreements and third party legal documentation.
Results oriented, is able to accomplish objectives in a specified timeframe.
Intellectually curious, with strong attention to detail.
Strong organizational skills, with proven ability to manage multiple priorities.
Strong oral and written communication and presentation skills.
Exhibits professional maturity and demonstrates strong interpersonal skills.
Works effectively, both as a team member and independently with minimal supervision or oversight.
Travel – 10%
Location: Dublin or London
Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.
In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work.
Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.
We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.
As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.
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