Global Markets Credit Analyst

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Global Markets Credit Analyst

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locations

Dallas

New York

Charlotte

time type

Full time

posted on

Posted 4 Days Ago

job requisition id

24013639

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:
1st shift (United States of America)

Hours Per Week:
40
About Us

Bank of America is committed to help employees through the transition period when they’re displaced as a result of a workforce reduction, realignment or similar measure.

Please review the resume writing and interviewing tips provided below to help prepare you for your next career opportunity.
Regardless of the position you are interested in, the starting points to building your resume are the same:
1. Determine the job or types of jobs you want to do and research their responsibilities and qualifications.
2. Think about why you can do the job and make a list of your skills that are relative to the job.
3. Identify experiences or accomplishments that show your proficiency in the skills required for the job.
4. Summarize your abilities, accomplishments and skills into a brief, concise document.

Considerations when writing a resume
• Do be brief. Resumes should be 1-2 pages in length.
• Do be upbeat and active in your wording.
• Do emphasize what you have done clearly and concretely.
• Do be neat and well organized.
• Do have others proofread and critique your resume. Spell check. Make it error free.
• Do use high quality, white or light colored 8½ x 11 paper. Use a laser printer if possible.
• Don't be dishonest, always tell the truth about yourself in the most flattering light.
• Don't include salary history or requirements.
• Don't include references.
• Don't include accomplishments that do not support your professional goals.
•

Don't include anything that isn't relevant. (For example, don't mention your fondness for swimming unless you want to work on the water.)
• Don't use italics, underlining, shadows or other fancy treatments.
Seven steps to a successful interview
1. Anticipate –Put yourself in the interviewer's position. What do you believe the interviewer is most interested in? Why do you think you have been invited to interview?
2. Research –What are the primary functions of the line of business? What are the success factors for the job? Is there a job description available?
3. Assess –Think about your skills, abilities, knowledge, interests, traits, values and accomplishments. Match them to what you know about the job. Consider which ones you should highlight.
4. Prepare Answers –Think about what the interviewer may ask, determine what the best answer is and write it down.
5. Prepare Questions – Interviewing is a two-way street. By asking thoughtful questions, you communicate your interest and learn a lot about the job. Choose two or three questions to ask your interviewer. Avoid asking a lot of questions about vacation time or breaks.
6. Practice – It may seem awkward, but it is the best way to come across well in an interview. Practice your own "great responses" with others or in front of a mirror until you appear relaxed and at ease.
7. Follow-up – Send a brief follow-up letter to the interviewer. Keep in mind that the many job searchers will not send a follow-up letter. Sending one can become a competitive advantage.

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