Wholesale Credit Analyst / Associate

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. 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. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! Job Description: This job is responsible for underwriting credit products for clients in Bank of America’s Global Corporate and Investment Bank (GCIB). EC partners with teams across GBAM including Corporate and Investment Banking, Sales & Trading and Global Treasury Management to drive revenue growth while maintaining appropriate risk disciplines specific to GCIB’s credit portfolio. Integral to EC’s mission is to effectively manage and monitor the credit and market risks inherent in Large Corporate and the Financial Institutions portfolio. 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. Responsibilities:

• Analyzes financial performance of corporate and financial institution clients 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
• Be accountable for active client monitoring with a regular review and update of the analysis of counterparties
• 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
• Participate in due diligence sessions and client-facing meetings
• Trains, coaches, and mentors Credit Analysts

Skills:

• Bachelor's degree in Accounting, Business Administration, Economics or Engineering;
• 1 to 5 years of experience (internship or full time) in Credit areas of Financial Institutions, Rating Agencies, Equity Research or related areas;
• Strong analytical and technical skills, including financial accounting and projections of main financial statements;
• Ability to understand and represent more complex oriented transactions/deals in oral & written form;
• Evaluates transaction and relationship risk-adjusted profitability to facilitate the allocation of capital;
• Team player, excellent communication and interpersonal skills, proactive and hands-on approach;
• Solid MS Word, Excel and PowerPoint;
• Fluent in English.
• Analytical Thinking
• Financial Analysis
• Financial Forecasting and Modeling
• Profitability Analysis
• Research Analysis
• Attention to Detail
• Business Acumen
• Credit and Risk Assessment
• Underwriting
• Written Communications
• Collaboration
• Critical Thinking
• Portfolio Analysis
• Prioritization
• Technical Documentation

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