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Analyst, GCIB Credit Leveraged Finance team, London

, , United Kingdom

Job Description:

Enterprise Credit delivers and manages the credit relationship for clients in accordance with Bank of America’s growth strategy, risk appetite and underwriting standards. While we are an independent function, we work closely with product specialists, relationship managers and risk.

Enterprise Credit is responsible for analysing and underwriting debt financing solutions and derivative strategies for Global Banking & Markets. GCIB Credit is the Enterprise Credit division covering Global Corporate & Investment Banking.

GCIB Credit Leveraged Finance supports the development, due diligence, approval and implementation of leveraged transactions for corporate and financial sponsors.Typical transactions include leveraged buyouts, mergers and acquisitions, refinance, recapitalizations, and restructurings.

As a junior member of the team, you will:

  • Work closely with senior members of the department, building experience in the leveraged finance market, and provide support at all stages of the credit life cycle.

  • Assist with the review of due diligence, assessment of forecasts and/or building of models, and writing of credit memorandum.

  • Provide guidance regarding drivers of loan returns and profitability.

  • Establish and maintain a deep understanding of the portfolio at the client, industry, and macro level in order to assess risk and form considered opinions.

  • Maintain timely and accurate monitoring (risk ratings, financial reports, compliance certificates, forecasts, and annual reviews).

  • Ensure adherence to prevailing credit policy and procedures.

  • Develop an understanding of core documentation across loans and derivatives.

  • Have exposure to the full Global Banking & Markets product spectrum with engagement across multiple stakeholders, including Leveraged Finance, Financial Sponsors, Investment Banking, Corporate Banking, Sales & Trading, Legal, and Risk.

  • Participate in strategic projects to support both team and business goals.

The Team

The successful candidate will join an established and high performing team:

  • Strong camaraderie and team culture

  • Experienced and diverse

  • Focus on professional growth

  • Integral to the approval and execution of transactions (part of the ‘deal team’)

  • Exposure to senior stakeholders

  • GCIB Credit Leveraged Finance is a global line of business, with teams in EMEA and the US

Core skills - Required and Preferred

  • Positive and proactive ‘can do’ attitude

  • Organized and able to work under pressure and meet deadlines

  • Ability to work within a team and build relationships

  • Willingness to learn and adapt

  • Credit risk awareness and understanding of risk drivers on exposures and ratings

  • Able to extract and assess information relating to credit quality (analytically curious)

  • Strong written and verbal communication, fluency in English

  • Competent in Microsoft Office applications, particularly Excel

  • 1-3 years of relevant experience at a financial institution

  • Educated to degree level (min. 2:1) or equivalent

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:

H6

Shift: 

Hours Per Week:

35

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Enterprise Credit delivers and manages the credit relationship for clients in accordance with Bank of America’s growth strategy, risk appetite and underwriting standards. While we are an independent function, we work closely with product specialists, relationship managers and risk.

Enterprise Credit is responsible for analysing and underwriting debt financing solutions and derivative strategies for Global Banking & Markets. GCIB Credit is the Enterprise Credit division covering Global Corporate & Investment Banking.

GCIB Credit Leveraged Finance supports the development, due diligence, approval and implementation of leveraged transactions for corporate and financial sponsors.Typical transactions include leveraged buyouts, mergers and acquisitions, refinance, recapitalizations, and restructurings.

As a junior member of the team, you will:

  • Work closely with senior members of the department, building experience in the leveraged finance market, and provide support at all stages of the credit life cycle.

  • Assist with the review of due diligence, assessment of forecasts and/or building of models, and writing of credit memorandum.

  • Provide guidance regarding drivers of loan returns and profitability.

  • Establish and maintain a deep understanding of the portfolio at the client, industry, and macro level in order to assess risk and form considered opinions.

  • Maintain timely and accurate monitoring (risk ratings, financial reports, compliance certificates, forecasts, and annual reviews).

  • Ensure adherence to prevailing credit policy and procedures.

  • Develop an understanding of core documentation across loans and derivatives.

  • Have exposure to the full Global Banking & Markets product spectrum with engagement across multiple stakeholders, including Leveraged Finance, Financial Sponsors, Investment Banking, Corporate Banking, Sales & Trading, Legal, and Risk.

  • Participate in strategic projects to support both team and business goals.

The Team

The successful candidate will join an established and high performing team:

  • Strong camaraderie and team culture

  • Experienced and diverse

  • Focus on professional growth

  • Integral to the approval and execution of transactions (part of the ‘deal team’)

  • Exposure to senior stakeholders

  • GCIB Credit Leveraged Finance is a global line of business, with teams in EMEA and the US

Core skills - Required and Preferred

  • Positive and proactive ‘can do’ attitude

  • Organized and able to work under pressure and meet deadlines

  • Ability to work within a team and build relationships

  • Willingness to learn and adapt

  • Credit risk awareness and understanding of risk drivers on exposures and ratings

  • Able to extract and assess information relating to credit quality (analytically curious)

  • Strong written and verbal communication, fluency in English

  • Competent in Microsoft Office applications, particularly Excel

  • 1-3 years of relevant experience at a financial institution

  • Educated to degree level (min. 2:1) or equivalent

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-21073610

Band: H6

Manages People:

Manager:

Talent Acquisition Contact:

Alex Smith

Referral Bonus:

0

Street Address

Primary Location:
London, , EC1A 1HQ