Credit Risk Analyst/Associate - Financial Institutions, GCIB Credit

Job Description:

Job Title: Credit Risk Analyst/Associate - Insurance & Diversified Financials

Corporate Title: Analyst or Associate

Location: London

Company Overview

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Location Overview

Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern workspaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

Introduction / Overview  Role Description:

• This role sits within the Financial Institutions (FI) Credit team of Global Corporate and Investment Banking (GCIB) Credit, which is responsible for analysis and delivering credit underwriting debt financing solutions and derivative strategies in Europe, Middle East and Africa (EMEA).  The FI team (Banks + Non-Bank FI) covers Bank, Sovereign, Supranational and Broker-Dealer, Insurance and Asset Management client segments in region
• The role will capture all aspects of effective credit management for Bank, Sovereign, Supranational and Broker-Dealer client segments, including ownership of accurate internal risk ratings, credit exposure monitoring within established limit, tenor and documentation parameters, together with risk assessment, transaction structuring and deal execution.
• This is a high-volume and fast-moving portfolio that utilises a risk-based approach to drive revenue while maintaining appropriate credit risk disciplines to balance risk, productivity, and maximising efficiency.

• Partnering with teams globally, including Corporate and Investment Banking, Sales & Trading, and Global Product Solutions to drive revenue growth while maintaining appropriate risk discipline specific to the FI credit portfolio. The team also engages closely with, but independently of Risk partners, Legal, Operations, Compliance and other areas of the Bank.

Responsibilities:

• Perform financial and credit analysis, ensuring adherence to prevailing credit policy and procedures.
• Monitor and manage all elements of the bank credit exposure to its clients across its international network, including reassessing internally assigned risk ratings over the client’s credit life cycle.
• Develop and maintain a deep understanding of the product spectrum and the portfolio at the client, industry, and macro level to assess risk and craft value added solutions that balance risk.
• Associates participate in the structuring, underwriting and documentation of credit facilities designed to meet both client and investor needs as well as balance the banks internal risk/return requirements.
• Assess the credit worthiness, perform intensive qualitative and quantitative due diligence on industry and company factors and establish appropriate terms and conditions to mitigate risk.
• Develop, maintain, and manage internal relationships with business partners including Corporate and Investment Bankers, Sales & Trading, Risk Management, Syndications, and Legal.
• Research, write and present financial and industry analyses in support of company specific and portfolio level decisions.
• Participate in strategic projects to support business goals.

What we are looking for:

• BA/BSc degree required, supported by a keen interest in finance, macroeconomic and geopolitical issues.
• Relevant prior experience in financial services, preferably roles within credit risk management, where you have demonstrated an ability to identify, assess, monitor, control and mitigate credit risk to FI clients
• Risk judgment and broader risk awareness and understanding of the wider business, market and regulatory environment in which BofA operates, and how this impacts client and portfolio’s credit profile and ability to defend rigorously a fact-based point of view.
• Sound product/technical and process knowledge across lending and derivative (FX, rates, commodities and equities) products.
• Ability to quickly absorb and follow internal credit policies and procedures; demonstrated ability to continuously learn and adapt with a proactive work ethic.
• Strong team player & organizational skills with ability to prioritize and work under pressure to meet deadlines.
• Effective interpersonal and written and verbal communication skills both written and verbal with ability to be concise and with attention to accuracy and detail.

Benefits of working at Bank of America

UK

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner

• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons

• 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum 

• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.

• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.

• Access to an Employee Assistance Program for confidential support and help for everyday matters

• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution

• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

Bank of America

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 sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.