Bank of America
Credit Underwriter - Leveraged Finance
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Credit Underwriter - Leveraged Finance
Job Title: Credit Risk, Leveraged Finance (Associate)
Location
• London
Company Overview
At Bank of America, we are driven by a shared purpose: to help make financial lives better through every connection. Our commitment to Responsible Growth defines how we operate—delivering value to our clients, colleagues, communities, and shareholders every day.
We foster a workplace where diversity and inclusion thrive, hiring individuals with varied backgrounds and experiences. We invest in our teammates through competitive benefits, ensuring their well-being physically, emotionally, and financially.
Flexibility is key to our success, with a tailored approach that empowers employees across all roles. Working here offers growth opportunities, career impact, and the chance to make a meaningful difference.
Location Highlights (London Office)
• Located near St. Paul’s Cathedral on King Edward Street, featuring modern workspaces. • Onsite sustainability-focused restaurant offering seasonal, planet-friendly cuisine. • Rooftop terrace with stunning views of London. • Onsite gym and medical centre to support well-being.
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Role Description
The Leveraged Finance Credit team supports the development, due diligence, approval, and implementation of leveraged transactions—including leveraged buyouts, M&A, refinancings, recapitalisations, and restructurings.
Key Responsibilities
- Collaborate with senior colleagues to build expertise in the leveraged finance market, supporting all stages of the credit life cycle.
- Assist in credit due diligence reviews, including assessments of forecasts, financial models, and credit memoranda.
- Provide insights on loan return and profitability drivers.
- Develop a deep, multi-level understanding of client portfolios, industries, and macroeconomic conditions to evaluate risk.
- Ensure accurate monitoring (risk ratings, financial reports, compliance, forecasts, and annual reviews).
- Adhere to Bank credit policy, procedures, and documentation standards across loans and derivatives.
- Engage across Leveraged Finance, Financial Sponsors, Investment Banking, Corporate Banking, Sales & Trading, Legal, and Risk.
- Participate in strategic projects to enhance team and business outcomes.
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Desired Skills & Qualifications
- Experience with a major financial institution, preferably through a graduate scheme or equivalent.
- Corporate credit background, with leveraged finance preferred (but not compulsory).
- Strong credit risk awareness and understanding of risk appetite, exposures, and ratings.
- Ability to analytically evaluate credit quality and derive insights from financial data.
- Proactive, adaptable mindset with a willingness to learn.
- Proficiency in Microsoft Office (particularly Excel).
- Good conduct and sound judgment are essential—aligned with Bank’s Code of Conduct.
Bank of America Values
- Accountability & Ownership: Actions reflect ethical standards.
- Equal opportunities employer—no discrimination based on gender, ethnicity, age, disability, or other protected characteristics.
- Commitment to accessibility, adjusting recruitment processes for all candidates.
Join us to thrive in a purpose-driven, inclusive environment, shaping the future of banking with impact.
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