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 an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and making an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance, while allowing an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Role Overview
This job is responsible for underwriting credit products for clients in Bank of America’s Global Corporate and Investment Bank (GCIB).
EC partners with teams across GBAM — including Corporate and Investment Banking, Sales & Trading, and Global Treasury Management — to drive revenue growth while maintaining appropriate risk disciplines specific to GCIB’s credit portfolio.
Integral to EC’s mission is to effectively manage and monitor the credit and market risks inherent in Large Corporate and Financial Institutions portfolios. This role is responsible for analyzing and interpreting a client's creditworthiness, evaluating credit risks, and writing credit approval memos for annual renewals and new lending opportunities.
Key responsibilities include analyzing qualitative and quantitative data such as client financials, 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
Analyze financial performance of corporate and financial institution clients by comparing it to past performance, projections, and industry standards.
Review financial statements, assess the client's compliance with financial covenants, and renew risk ratings, recommending changes as warranted.
Be accountable for active client monitoring with a regular review and update of counterparty analysis.
Assist in the underwriting, credit risk analysis, negotiation, and closing of new or existing transactions, while adhering to all relevant policies and procedures.
Evaluate transaction and relationship risk-adjusted profitability to facilitate the allocation of capital.
Build projection models (as needed) based on historical performance, industry forecasts, and due diligence findings.
Participate in due diligence sessions and client-facing meetings.
Train, coach, and mentor Credit Analysts.
Skills & Qualifications
Bachelor's degree in Accounting, Business Administration, Economics, or Engineering.
2–5 years of experience (internship or full-time) in Credit areas of Financial Institutions, Rating Agencies, Equity Research, or related fields.
Strong analytical and technical skills, including financial accounting and projections of main financial statements.
Ability to understand and represent more complex transactions/deals in oral and written form.
Experience in evaluating transaction and relationship risk-adjusted profitability.
Team player with excellent communication and interpersonal skills, proactive and hands-on approach.
Solid skills in MS Word, Excel, and PowerPoint.
Fluent in English.
Core Competencies
Analytical Thinking
Financial Analysis
Financial Forecasting & Modeling
Profitability Analysis
Research Analysis
Attention to Detail
Business Acumen
Credit & Risk Assessment
Underwriting
Written Communications
Collaboration
Critical Thinking
Portfolio Analysis
Prioritization
Technical Documentation