Credit Analyst II / III-Global Markets Credit

Credit Analyst

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!

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 :

Skills :

Shift : 1st shift (United States of America)

Hours Per Week : 40

Pay range $60,800.00 - $110,000.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and / or group; and the overall success of the Company. Benefits This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.