Credit Risk Analyst - Leveraged Finance

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. 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.

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. 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 is an equal opportunities employer, and ensures 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.