Credit Underwriter - Leveraged Finance

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Job Title: Credit Risk, Leveraged Finance

Corporate Title: 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.

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:

Leveraged Finance Credit 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.

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).
• 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; preferably being on or having completed a graduate scheme or equivalent program.
• 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.
• Positive and proactive ‘can do' attitude with a willingness to learn and adapt.
• Competent with Microsoft Office applications, particularly Excel.

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