Global Corporate Investment Bank - Global Markets Credit Associate Job at Bank of America Corporation, New York, NY

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  • Bank of America Corporation
  • New York, NY

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. 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!

This job is responsible for analyzing and interpreting a client's credit worthiness, 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's 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.

Performs credit analysis in support of the origination, underwriting and portfolio management process for U.S. Asset Manager and Financial Technology clients within GCIB.  Product focus primarily geared toward syndicated and bilateral revolving credit and term loans at the asset manager management company and fund level.  Additional exposure to Treasury/Cash Management, Traded Products, and Leases.  Active portfolio with tight turnaround times through a combination of requests for new committed credit as well as amendments and/or maturity extensions for existing clients. 

Job 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

  • Trains, coaches, and mentors Credit Analysts

  • Credit coverage of asset manager corporate and financial technology clients in addition to fund level mutual fund redemption facility clients. 

  • Manage the end-to-end credit approval process by managing analysts and the portfolio monitoring team-work flow to ensure quality of work and timeline management of deliverables. 

  • Conduct financial statement analysis, assess business and industry risks, negotiate credit agreement documentation, and prepare credit approval memorandum. 

Required Qualifications:

  • 3+ years commercial and/or corporate banking credit experience

  • Must have commercial credit analysis, financial modeling and underwriting experience

  • Must have proficient Excel, Microsoft Word and Power Point skills

Desired Qualifications:

  • Formal credit training

  • Strong foundation in finance and accounting with experience building three statement and/or cash flow financial models.

  • Bachelor’s Degree in finance, accounting or another related field

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:

1st shift (United States of America)

Hours Per Week: 

40

Job Tags

Full time, Shift work, Day shift,

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