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 a diverse and 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.

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, sources of prepayment and writing credit approval memos for annual renewals and recommending new lending opportunities for the Global Corporate and Investment Bank. Key responsibilities include analyzing qualitative and quantitative data such as client's financials, assigning risk ratings, 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.

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
To analyze customer financial strength, business strategy, market factors, and regulatory environment to prepare credit memos and support management of a portfolio of large corporate relationships focused in the Consumer & Retail and Food & Beverage industry verticals
To develop familiarity with various legal documents – trading documentation (ISDAs & CSAs), syndicated loan agreement, security agreements, compliance certificates, guarantees, letters of credit, etc.
To maintain close working dialogue with business partners and analyze opportunities / risks thoroughly, and to provide the most appropriate financial solutions to clients and the bank
To develop product knowledge - a wide range of credit products including loans, derivatives, trade finance, cash management and treasury products

Required Qualifications:

Minimum of 1 year of commercial and/or corporate banking credit underwriting related experience, preferably in a bank or large financial institution
Basic knowledge in capital market transactions as well as banking products

Desired Qualifications:

Bachelor’s degree in Business Administration, Economics, Finance, Accounting or related disciplines
Basic knowledge of corporate debt ratings preferred

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:

Pay Transparency details

US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110)Pay and benefits informationPay range$85,000.00 - $92,500.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis 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.BenefitsThis 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.