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Vice President, Credit Risk Officer, GCIB Credit Leveraged Finance team, London

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, refinancings, recapitalizations, and restructurings.

As a senior member of the team, you will:

  • Lead deals through the internal approval processes, deliver consistent credit support and seamless execution for our business partners.

  • Perform credit analysis (incl. forecasts), risk rating assessments, review of due diligence, and writing of credit memorandum.

  • Review and negotiate documentation (loans and derivatives) where appropriate.

  • Provide independent assessments and recommendations to approval committees and senior decision makers.

  • Work closely with junior members of the team, mentoring and coaching where necessary.

  • Have primary credit responsibility for a portfolio of names; maintaining timely and accurate monitoring (risk ratings, financial reports, compliance certificates, forecasts, and annual reviews etc.).

  • 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.

  • Ensure adherence to prevailing credit policy and procedures.

  • Report directly to the Head of GCIB Credit EMEA Leveraged Finance.

  • 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.

  • Engage professionally with third parties, such as legal counsel, due diligence sessions, management teams, and client representatives.

  • 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

  • Strong stakeholder and transaction management

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

  • Familiarity with structures and terms.

  • Ability to work within a team and build relationships

  • Organized and able to work under pressure and meet deadlines

  • Positive and proactive ‘can do’ attitude

  • Willingness to continue learning

  • Strong written and verbal communication, fluency in English

  • Competent in Microsoft Office applications, particularly Excel

  • Min. 6 years of relevant experience (leveraged finance background preferred but not compulsory)

  • 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:

H5

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, refinancings, recapitalizations, and restructurings.

As a senior member of the team, you will:

  • Lead deals through the internal approval processes, deliver consistent credit support and seamless execution for our business partners.

  • Perform credit analysis (incl. forecasts), risk rating assessments, review of due diligence, and writing of credit memorandum.

  • Review and negotiate documentation (loans and derivatives) where appropriate.

  • Provide independent assessments and recommendations to approval committees and senior decision makers.

  • Work closely with junior members of the team, mentoring and coaching where necessary.

  • Have primary credit responsibility for a portfolio of names; maintaining timely and accurate monitoring (risk ratings, financial reports, compliance certificates, forecasts, and annual reviews etc.).

  • 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.

  • Ensure adherence to prevailing credit policy and procedures.

  • Report directly to the Head of GCIB Credit EMEA Leveraged Finance.

  • 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.

  • Engage professionally with third parties, such as legal counsel, due diligence sessions, management teams, and client representatives.

  • 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

  • Strong stakeholder and transaction management

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

  • Familiarity with structures and terms.

  • Ability to work within a team and build relationships

  • Organized and able to work under pressure and meet deadlines

  • Positive and proactive ‘can do’ attitude

  • Willingness to continue learning

  • Strong written and verbal communication, fluency in English

  • Competent in Microsoft Office applications, particularly Excel

  • Min. 6 years of relevant experience (leveraged finance background preferred but not compulsory)

  • 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-21074604

Band: H5

Manages People:

Manager:

Talent Acquisition Contact:

Alex Smith

Referral Bonus:

0

Street Address

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