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Senior Credit Officer (up to SVP) - Global Leasing, London

London, , United Kingdom;

Job Description:

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.

Global Leasing (GL), a part of GCIB, is the largest U.S. equipment financing company, serving nearly 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.

Internationally, GL provides finance to multinational corporate clients for large ticket assets across a range of countries in the GCIB footprint. Core product set includes secured term loans, finance leases and operating leases for clients operating in the transportation, energy, aerospace, manufacturing and technology sectors.

Position Description & Primary Responsibilities:

The Leasing Credit Senior Officer role sits within an International Credit Team supporting GL’s International Asset Finance (IAF) and Global Corporate Aircraft Finance (GCAF) business units.

The individual will be primarily responsible for the underwriting and credit structuring of facilities originated by the IAF & GCAF teams. This will include an evaluation, review and written analysis of all factors that affect an entity’s ability to repay and/or service their obligations on time (including analysis of any accompanying financial models, and/or preparation of appropriate financial projection analysis); 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. The complexity of the entities and transactions requiring analysis can vary over a wide spectrum from full recourse corporate transactions to limited recourse cash flow based underwritings. As part of the due diligence process, there will likely be some client interaction.

The individual will also be responsible for the asset quality and credit monitoring of an existing portfolio of clients and transactions including the timely preparation of periodic status reviews and annual program renewals, managing client compliance with financial reporting covenants, financial covenants and LTV covenants.

The individual will work closely with the 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.

The position/qualification requirements are described as a Leasing Credit Senior Officer; however, depending upon the qualifications met by the candidate could be filled as a Vice President, Leasing Credit Officer. 

Preferred Qualifications & Skills:

  • Educated to degree level (business, finance, accounting or related discipline preferred).

  • Minimum 7 years’ experience in banking/finance industry (asset finance experience, particularly in any of the Marine/Rail/Energy sectors, preferred)

  • Exceptional credit analysis skills (with cash flow modelling expertise), and experience in the credit structuring of leasing and loan transactions.

  • Experience in the analysis of complex, cash flow based financings an advantage.

  • Proven ability to analyze, interpret and negotiate 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%.

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.

Job Band:

H4

Shift: 

Hours Per Week:

35

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

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.

Global Leasing (GL), a part of GCIB, is the largest U.S. equipment financing company, serving nearly 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.

Internationally, GL provides finance to multinational corporate clients for large ticket assets across a range of countries in the GCIB footprint. Core product set includes secured term loans, finance leases and operating leases for clients operating in the transportation, energy, aerospace, manufacturing and technology sectors.

Position Description & Primary Responsibilities:

The Leasing Credit Senior Officer role sits within an International Credit Team supporting GL’s International Asset Finance (IAF) and Global Corporate Aircraft Finance (GCAF) business units.

The individual will be primarily responsible for the underwriting and credit structuring of facilities originated by the IAF & GCAF teams. This will include an evaluation, review and written analysis of all factors that affect an entity’s ability to repay and/or service their obligations on time (including analysis of any accompanying financial models, and/or preparation of appropriate financial projection analysis); 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. The complexity of the entities and transactions requiring analysis can vary over a wide spectrum from full recourse corporate transactions to limited recourse cash flow based underwritings. As part of the due diligence process, there will likely be some client interaction.

The individual will also be responsible for the asset quality and credit monitoring of an existing portfolio of clients and transactions including the timely preparation of periodic status reviews and annual program renewals, managing client compliance with financial reporting covenants, financial covenants and LTV covenants.

The individual will work closely with the 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.

The position/qualification requirements are described as a Leasing Credit Senior Officer; however, depending upon the qualifications met by the candidate could be filled as a Vice President, Leasing Credit Officer. 

Preferred Qualifications & Skills:

  • Educated to degree level (business, finance, accounting or related discipline preferred).

  • Minimum 7 years’ experience in banking/finance industry (asset finance experience, particularly in any of the Marine/Rail/Energy sectors, preferred)

  • Exceptional credit analysis skills (with cash flow modelling expertise), and experience in the credit structuring of leasing and loan transactions.

  • Experience in the analysis of complex, cash flow based financings an advantage.

  • Proven ability to analyze, interpret and negotiate 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%.

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.

Learn more about this role

Full time

JR-21021387

Manages People:

Manager:

Talent Acquisition Contact:

Referral Bonus:

Street Address

Primary Location:
2 King Edward St, London, EC1A 1HQ
Additional Locations: