Credit Underwriter - Leveraged Finance

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.

Location Overview

Our London office is located on King Edward Street, near St. Paul’s Cathedral.

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.

Equal Opportunity Statement

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.