Bank of America
Credit Underwriter - Leveraged Finance
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Credit Underwriter - Leveraged Finance
Job Title: Credit Risk – Leveraged Finance
Level: Associate
Location: London
Corporate Overview
At Bank of America, we are driven by a shared purpose: to create positive financial lives through meaningful connections. Our commitment to Responsible Growth shapes how we serve clients, empower colleagues, and engage with our communities and stakeholders.
We foster a diverse and inclusive workplace, celebrating varied backgrounds and experiences, while investing in our teams through competitive benefits and flexible working solutions. Whether through collaborative environments or tailored flexibility, we ensure our employees thrive. Join us and build a fulfilling career with opportunities for growth, impact, and real difference.
Location Highlights
Our London office is located near St. Paul’s Cathedral in bustling King Edward Street, offering:
- Modern, contemporary workspaces
- A state-of-the-art auditorium
- An onsite, sustainability-focused restaurant with seasonal menus
- A rooftop terrace with panoramic views of London
- Onsite gym and medical centre for employee well-being
Role Description
We seek an Associate to join our Credit Risk – Leveraged Finance team. You will support the development, due diligence, approval, and implementation of complex leveraged transactions, including leveraged buyouts, mergers and acquisitions, refinancings, recapitalizations, and restructurings.
Key Responsibilities
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- Work closely with senior lev finance team members, gaining exposure to the leveraged finance market.
- Provide support across the entire credit lifecycle, from transaction origination to ongoing monitoring.
- Assist in due diligence reviews, assessment of forecasts, financial modelling, and drafting of credit memoranda.
- Analyse loan profitability drivers and evaluate credit risk factors at the client, industry, and macroeconomic levels.
- Maintain accurate risk ratings, financial reporting, compliance tracking, forecast analysis, and annual reviews.
- Ensure strict adherence to credit policies and internal procedures.
- Gain familiarity with core loan and derivative documentation across the Global Banking & Global Markets portfolio.
- Collaborate with cross-functional stakeholders, including:
- Leveraged Finance
- Financial Sponsors
- Investment Banking
- Corporate Banking
- Sales & Trading
- Legal & Risk teams
- Participate in strategic projects to support team and business objectives.
Desired Skills & Competencies
- Experience with a major financial institution, ideally completed (or currently enrolled in) a graduate-led programme/professionally equivalent.
- Background in corporate credit; leveraged finance experience is a strong plus, though not mandatory.
- Deep understanding of credit risk principles, including influencers of loan appetites, exposures, and ratings.
- Strong analytical ability, with the skill to assess credit quality critically.
- Noteworthy interconnecting traits:
- Proactive mindset with a relentless "can-do" attitude.
- Eager to learn and adapt in dynamic environments.
- Proficiency with Microsoft Office applications, with advanced Excel skills being critical.
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Bank of America Values & Expectations
Integrity and ethical conduct are fundamental to our success. All employees must align with our Code of Conduct, embracing individual accountability and risk ownership as core pillars.
As an equal-opportunities employer, we reject discrimination based on:
- Gender, gender identity, marital status, race, ethnicity, nationality, age
- Sexual orientation, socio-economic background, parental or caregiver status
- Disability (psychophysical or otherwise).
We prioritise recruiting based on merit, qualification, and experience, ensuring diverse candidates can disclose adjustment needs without compromise.
Equipe decency and sound judgment will forever be a hallmark of our culture. Every employee must understand and uphold the expected standards in conduct and the commitment to managing conduct risk.
At Bank of America, work aligns with socio-hue, alongside various working options for team members. Our associations for flexibility differ based on department preferences.
Choose us if you intend to grow, help shape transcendent results, and embed into a cohort with both power and purpose. Join us!
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