Global Markets Credit Analyst

Job Description:

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!

Job Description:
This job is responsible for analyzing and interpreting a client's credit worthiness, evaluating credit risks, and writing credit approval memos for annual renewals and new lending opportunities. Key responsibilities include analyzing qualitative and quantitative data such as client's financials, projections, industry data, covenant compliance, and collateral appraisals to ensure compliance with the bank's risk appetite. Job expectations include completing regular monitoring and underwriting tasks and supporting key internal stakeholders to achieve successful execution of new transactions.

The role sits within the Global Markets Credit ("GMC") group within the Enterprise Credit organization.

Global Markets Credit ("GMC") is responsible for ensuring robust and consistent credit underwriting for Global Markets lending activities, which includes financing facilities secured by mortgage related assets. Within GMC, the Analyst will be expected to develop subject matter expertise in US residential mortgage related financing products and credit analysis of the underlying companies. The analyst will work closely with senior team members, banking and risk partners and help drive loan growth and portfolio management. Coverage will include a portfolio of warehouse facilities, single-family-rental financings, trading and treasury lines.

Responsibilities:
• Analyzes client's financial performance by comparing it to past performance, projections, and industry standards

• Reviews financial statements, assesses the client's compliance with financial covenants, and renews risk ratings, while recommending changes as warranted
• Assists in the underwriting, credit risk analysis, negotiation, and closing of new transactions or existing transactions, while adhering to all relevant policies and procedures
• Evaluates transaction and relationship risk-adjusted profitability to facilitate the allocation of capital
• Builds projection models for the client (as needed) based on historical performance, industry forecasts, and other due diligence findings

•Partner with front line unit and credit officers with structuring, underwriting, and documenting credit solutions for clients and with managing client relationships

•Partner with the front line unit in preparation of underwriting materials, creation and submission of credit approval memos, secure appropriate credit and risk approvals.

•Partner with front line unit in assessing the credit worthiness, including due diligence of borrowers and/or trading counterparties

•Serve as primary contact for a portfolio of clients via actively monitoring including changes in credit profile and compliance with credit agreements

•Establish appropriate internal risk ratings for clients and implement accurate adjustments throughout the client's credit life cycle

•Engage partners including other parts of Enterprise Credit, client coverage areas, legal, and market risk as required

•Ongoing monitoring of transactions including client financial and portfolio performance, including escalation of any issues; periodic reporting on pipeline;

•Support firm-wide Enterprise Credit initiatives including adherence with administrative processes and liaise with applicable stakeholders across the firm on emerging topics as needed

Review new business opportunities being presented by the front line, provide early feedback on structure/terms and client selection in the screening process to ensure transactions fit within risk appetite

Skills:
• Financial Analysis
• Financial Forecasting and Modeling
• Profitability Analysis
• Research Analysis
• Analytical Thinking
• Credit and Risk Assessment
• Underwriting
• Attention to Detail
• Business Acumen
• Written Communications
• Portfolio Analysis
• Technical Documentation
• Collaboration
• Critical Thinking
• Prioritization

Required Skills:

• 1-2 years of experience in financial services.  Relevant prior experience may include roles in: credit risk management,, credit underwriting, structuring, loan origination, or public rating agencies
• Robust understanding of corporate finance and accounting concepts
• The candidate will likely have had experience of reviewing a variety of lending transactions including collateral based lending facilities and derivatives.
• Candidate should exhibit strong analytical skills, personal drive, individual initiative, a sense of urgency, and responsiveness, with a desire to grow, learn, and take on increasing levels of responsibility
• Strong organizational, oral, and written communication skills, with ability to communicate effectively with all levels of risk, support, and business partners
• Proficiency with Word, Excel and PowerPoint, along with ability to quickly learn new programs and applications
• High level of attention to detail

Minimum Education Requirement: Bachelor's degree preferred; Finance, Accounting, or Economics majors preferred with strong academic credentials.

Shift:

Hours Per Week: