Credit Analyst, Global Corporate & Investment Banking - Consumer and Retail

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.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

This job is responsible for analyzing and interpreting a client's credit worthiness, evaluating credit risks, sources of prepayment and writing credit approval memos for annual renewals and recommending new lending opportunities for the Global Corporate and Investment Bank. Key responsibilities include analyzing qualitative and quantitative data such as client's financials, assigning risk ratings, projections, industry data, covenant compliance, and collateral appraisals to ensure compliance with the bank's risk appetite. Job expectations include completing regular monitoring and underwriting tasks and supporting key internal stakeholders to achieve successful execution of new transactions.

Responsibilities:

• Analyzes client's financial performance by comparing it to past performance, projections, and industry standards
• Reviews financial statements, assesses the client's compliance with financial covenants, and renews risk ratings, while recommending changes as warranted
• Assists in the underwriting, credit risk analysis, negotiation, and closing of new transactions or existing transactions, while adhering to all relevant policies and procedures
• Evaluates transaction and relationship risk-adjusted profitability to facilitate the allocation of capital
• Builds projection models for the client (as needed) based on historical performance, industry forecasts, and other due diligence findings
• To analyze customer financial strength, business strategy, market factors, and regulatory environment to prepare credit memos and support management of a portfolio of large corporate relationships focused in the Consumer & Retail and Food & Beverage industry verticals
• To develop familiarity with various legal documents – trading documentation (ISDAs & CSAs), syndicated loan agreement, security agreements, compliance certificates, guarantees, letters of credit, etc.
• To maintain close working dialogue with business partners and analyze opportunities / risks thoroughly, and to provide the most appropriate financial solutions to clients and the bank
• To develop product knowledge - a wide range of credit products including loans, derivatives, trade finance, cash management and treasury products

Required Qualifications:

• Minimum of 1 year of commercial and/or corporate banking credit underwriting related experience, preferably in a bank or large financial institution
• Basic knowledge in capital market transactions as well as banking products

Desired Qualifications:

• Bachelor’s degree in Business Administration, Economics, Finance, Accounting or related disciplines
• Basic knowledge of corporate debt ratings preferred

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

Shift:

Hours Per Week: