Credit Risk Analyst/Associate - Insurance & Diversified Financials, GCIB Credit

Alliance & Leicester Credit Card; London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading financial institution is seeking a Credit Risk Analyst/Associate to join their London team. The role involves evaluating transaction risks, managing credit exposures, and collaborating with various teams to drive revenue growth while maintaining risk discipline. Candidates should possess a BA/BSc degree and relevant experience in credit risk management. The position offers opportunities for career growth and a supportive work environment.

Benefits

Private healthcare

Competitive pension plan

20 days of back-up childcare

Flexible benefits options

Employee Assistance Program

Qualifications

• Relevant prior experience in financial services, preferably in credit risk management.
• Ability to identify, assess, monitor, control and mitigate credit risk.

Responsibilities

• Structuring, underwriting and negotiating credit facilities.
• Performing financial and credit analysis, ensuring adherence to credit policy.
• Monitoring and managing credit exposure across the international network.

Skills

Risk judgment

Commercial mindset

Strong team player

Effective communication

Education

BA/BSc degree

Tools

Lending products

Derivatives

Job description

Credit Risk Analyst/Associate - Insurance & Diversified Financials, GCIB Credit

London, United Kingdom

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.

The Team

This role sits in the Financial Institutions (FI) Credit team which is part of Global Corporate and Investment Banking (GCIB) Credit which manages and is responsible for analysis and delivering credit underwriting debt financing solutions and derivative strategies for large corporate and FI clients (Bank, Sovereign, Supranational, Broker-Dealer, Insurance and Asset Management client segments).

The FI team (Banks and Insurance & Diversified Financials) is responsible for all aspects of effective credit management and trading risk exposures within established limit, tenor and documentation parameters, together with providing risk assessment, transaction structuring, deal execution and credit risk profile monitoring for the Banks FI clients within EMEA.

Role Description

You will be partnering with teams globally, including Corporate and Investment Banking, Sales & Trading, and Global Treasury Management to drive revenue growth while maintaining appropriate risk discipline specific to the FI credit portfolio, effectively manage and monitor the credit, market and operational risks related to the corporate portfolio. The team also engages closely with, but independently of Risk partners, Legal, Operations, Compliance and other areas of the Bank. 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.

• You will be structuring, underwriting and negotiating documentation of credit facilities designed to meet both client and investor needs as well as balance the banks internal risk/return requirements.
• Performing financial and credit analysis, risk rating analysis ensuring adherence to prevailing credit policy and procedures.
• Assessing the credit worthiness, perform intensive qualitative and quantitative due diligence on industry and company factors and establish appropriate terms and conditions to mitigate risk.
• Research, write and present financial and industry analyses in support of company specific and portfolio level decisions.

Responsibilities

• Evaluate transaction and relationship risk-adjusted profitability to facilitate the allocation of capital.
• Monitor and manage all elements of the bank credit exposure to its clients across its international network, including periodically reassessing internally assigned risk ratings.
• Develop and maintain a deep understanding of the product spectrum and the portfolio at the client, industry, and macro level in order to assess risk and craft value added solutions that balance risk.
• Establish appropriate internal risk ratings for clients and implement accurate adjustments throughout the client’s credit life cycle.
• Develop, maintain, and manage internal relationships with business partners including Corporate and Investment Bankers, Sales & Trading, Risk Management, Syndications, and Legal.
• Participate in strategic projects to support business goals.

What we are looking for

• BA/BSc degree (or equivalent) required; Finance, Accounting or Economics would be beneficial.
• 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 Insurance & Diversified Financial clients.
• Risk judgment and broader risk awareness and understanding of the wider business, market and regulatory environment in which the bank operates, and how this impacts client and portfolio’s credit profile and ability to defend rigorously a fact-based point of view.
• Commercial mindset to support value added discussions within GCIB Credit and Relationship Managers.
• 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.
• Keen interest in finance, macroeconomic and geopolitical issues.
• Strong team player & organisational skills with ability to prioritise 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.
• Understanding of credit risk sensitivities in the portfolio and risk drivers of the exposures.

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.

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the 'Know your Rights' poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12.pdf) .

View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.