Credit Risk Analyst - Leveraged Finance

Bank of America; City Of London; On-site; GBP 40,000 - 60,000; Full time

Job summary

A leading financial institution is seeking a Credit Risk Analyst/Associate in London. This role focuses on leveraged finance, involving due diligence, credit policy adherence, and partnership with senior team members. Candidates should have relevant experience in finance and a proactive attitude. The position promotes a diverse and inclusive work environment.

Qualifications

• Experience in leveraged finance is preferred but not compulsory.
• Ability to extract and assess information related to credit quality.

Responsibilities

• Work closely with senior members to build experience.
• Assist with due diligence and credit memorandum.
• Maintain timely and accurate monitoring.
• Ensure adherence to credit policy and procedures.
• Develop understanding of core documentation.

Skills

Relevant experience with a major financial institution

Corporate credit background

Credit risk awareness

Analytically curious

Positive and proactive attitude

Competent with Microsoft Office applications

Tools

Microsoft Excel

Job description

Job Description

Job Title: Credit Risk, Leveraged Finance

Corporate Title: Analyst/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.

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 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.