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Credit Analyst II/III-Global Markets Credit

New York, New York

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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 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.

Job 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

+ Responsible for all aspects of the credit management of Private Equity Funds - Trading (PEF). This is a high-volume and fast-moving portfolio that utilizes a risk-based approach to drive revenue while maintaining appropriate credit risk disciplines.

+ Credit analysis: Participate in initial and ongoing due diligence of PEFs. Perform quantitative and qualitative credit assessment, setting internal ratings and recommending credit limits.

+ Trade approval: Draft approval memos to seek Risk approval of one-off trade requests for OTC derivatives including a recommendation to support the rationale for approval of the risk.

+ Relationship management: Build strong working relationship with external PEF clients, internal business partners including Sales, Structuring & Trading, Risk counterparts, Legal and Audit Function

+ Risk monitoring: Undertake regular exposure analysis and portfolio monitoring including quarterly receipt and spreading of financial information and compliance with ATEs and CSA Thresholds.

+ Trading documentation: Liaise with Sales, Legal and client in negotiating ISDAs and CSAs.

+ Portfolio reviews: Preparation of portfolio reports and credit reviews, including analysis and drivers of OTC exposure highlighting any counterparties of concern and other pertinent risk issues.

Required Qualifications:

+ 2+ years of counterparty credit risk management and due diligence experience required (financial institutions or funds preferred).

+ Proficient with Microsoft Office, General knowledge of PEF and financial derivatives

Skills:

+ 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

Shift:

1st shift (United States of America)

Hours Per Week:

40

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) .

View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

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. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.