Credit Underwriter - Leveraged Finance

Internationalinsuranceprofessionals; Greater London; Hybrid; GBP 90,000 - 130,000; Full time

Job summary

Bank of America in London seeks an Associate to support Leveraged Finance Credit activities. You will assist in deal execution, due diligence, forecasting, and credit memoranda while learning risk drivers and portfolio dynamics in a global banking context.

The role offers exposure to a broad product spectrum, interaction with sponsors and investment banking teams, and opportunities to grow within leveraged finance and risk management disciplines.

Qualifications

• Relevant experience in corporate credit or leveraged finance is preferred.
• Strong understanding of credit risk drivers and performance metrics.
• Ability to work with complex financial models and forecasts.
• Proven analytical mindset with attention to detail and accuracy.
• Willingness to learn and adapt in a fast-paced environment.
• Proficiency with Microsoft Office, especially Excel.

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 to assess risk and form considered opinions.
• Maintain timely and accurate monitoring (risk ratings, financial reports, 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.

Skills

Credit risk

Excel

Financial analysis

Risk assessment

Attention to detail

Learning mindset

Job description

Job Description

Job Description

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.

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.