Job Description:

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.

Role Description:

We have an exciting opportunity to join our established high performing Leveraged Finance Credit team, a part of Global Corporate and Investment Banking (GCIB) Credit within Enterprise Credit.

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 & Global Markets.

The GCIB Leveraged Finance Credit team 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. The team are integral to the approval and execution of transactions (part of the ‘deal team’).

Responsibilities:

• Work closely with senior members of the department, building experience in the leveraged finance market, and provide support at all stages of the credit life cycle.

• Assist with the review of due diligence, assessment of forecasts and/or building of models, and writing of credit memorandum.

• Provide guidance regarding drivers of loan returns and profitability.

• 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.

• Maintain timely and accurate monitoring (risk ratings, financial reports, compliance certificates, forecasts, and annual reviews).

• Support more junior members of the team, share experience and best practice.

• Ensure adherence to prevailing credit policy and procedures.

• Develop an understanding of core documentation across loans and derivatives.

• Have exposure to the full Global Banking & Global Markets product spectrum with engagement across multiple stakeholders, including Leveraged Finance, Financial Sponsors, Investment Banking, Corporate Banking, Sales & Trading, Legal, and Risk.

• Participate in strategic projects to support both team and business goals.

Skills that will help:

• Relevant experience with a major financial institution

• Corporate credit background, with leveraged finance experience preferred but not compulsory.

• Credit risk awareness and understanding of risk drivers on appetite, exposures and ratings.

• Able to extract and assess information relating to credit quality, analytically curious.

• Competent with Microsoft Office applications, particularly Excel.

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 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.

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