Job Description:
Company Overview
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
London Location Overview
Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern workspaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.
Dublin Location Overview
Overlooking the spectacular Iveagh Gardens with access to all amenities in the beating heart of central Dublin is our Park Place office. Travel options include the LUAS, Dublin Bus networks as well as the Dublin Bikes station, positioned just outside our front doors. As part of our commitment to supporting staff travel to and from work in the most sustainable way possible, we also provide tax saver tickets as part of our award-winning benefits package which means getting to work has never been easier.
The Team
An exciting opportunity for a motivated credit professional to gain broad exposure to asset finance, and develop deep industry knowledge in key sectors (including shipping, rail, other land transport, and general manufacturing), working on complex structured transactions ranging from big-ticket asset financing to general equipment financing solutions (with deal sizes ranging anywhere from $5MM to >$100MM).
You will be a key member of our EMEA Credit Leasing team which comprises of 5 Credit Officers (and 2 Credit Support Officers) located in our London and Dublin offices. In addition to working/interacting with clients, you will also work closely with a broad group of highly experienced colleagues, a variety of internal stakeholders, relationship managers and second line risk function, providing significant scope for collaboration and development.
Responsibilities
You will be responsible for the delivery of integrated credit solutions to clients as well as on-going portfolio management. Providing high-quality credit analysis, ensuring accurate and timely analysis of financial statements, assignment of risk ratings, and required client reviews.
- Responsible for the underwriting and credit structuring of facilities originated by the International Asset Finance & Global Corporate Aircraft Finance teams.
- Managing the “end-to-end” credit process – spanning early screening of potential transactions, undertaking client due diligence, preparation of credit approval memos (and obtaining all required Credit & Risk sign-offs), participating in documentation review and negotiations, and the on-going “in-life” management of transactions.
- Detailed evaluation and review of the client’s creditworthiness and appropriateness of the transaction structure – including written analysis of all factors that affect a client’s ability to repay and/or service their obligations on time; the identification and assessment of strengths, weaknesses and key risks (credit, market and operational) associated with the opportunity (as well as identifying and describing mitigating factors); assessment of industry risk and trends, and the collateral supporting the financing.
- Exercise strong credit judgment - with a view to structuring / underwriting transactions that fit the Bank’s Risk Appetite, and adhere to internal policy, procedures and regulatory requirements.
- Collaborating with Transaction Management/Legal colleagues to negotiate documentation and close deals.
- Manage the credit monitoring process for a portfolio of clients, including reviewing financial statements, assessing compliance with financial covenants, updating risk ratings, and preparing periodic status reviews.
- Develop, maintain, and manage internal relationships with business partners including originations, transaction management, risk management and Legal.
What We Are Looking For
- Previous credit risk experience at a leading financial services provider (not necessarily with an asset finance or asset finance underwriting background).
- Excellent credit analysis skills (cash flow modelling an advantage), and experience in analysing, assessing, structuring transactions and documentation.
- Excellent written and verbal communication skills - ability to convey thoughts clearly and concisely - with a view to influencing key Credit & Risk decision-makers.
- Able to quickly absorb and follow credit policies and procedures; demonstrated ability to continuously learn, understand processes, systems and learn and adapt to a changing environment and responsibilities with a proactive work ethic.
- Demonstrate strong financial, analytical, and numerical skills.
- Ability to analyse and interpret third party legal documentation and familiarity with loan documentation preferred.
- Intellectually curious, with a commercial mindset, and attention to detail and accuracy.
- Can demonstrate strong organisational skills, able to work under pressure and proficient in managing multiple priorities and accomplish objectives in a specified timeframe.
- Desire to further develop and/or build experience in asset finance.
Skills
- Financial Analysis
- Loan Structuring
- Research Analysis
- Risk Management
- Underwriting
- Account Management
- Credit Documentation Requirements
- Credit and Risk Assessment
- Attention to Detail
- Decision Making
- Issue Management
- Analytical Thinking
- Collaboration
- Regulatory Compliance
- Oral & Written Communications
- Critical Thinking
- Customer and Client Focus
- Prioritization
Benefits Of Working At Bank Of America
UK
- Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
- Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
- 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum
- The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.
- Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
- Access to an Employee Assistance Program for confidential support and help for everyday matters
- Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
- Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.
- Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.
Ireland
- Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
- Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
- 20 days of back-up childcare and 20 days of back-up adult care per annum
- The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.
- Access to an Employee Assistance Program for confidential support and help for everyday matters
- Access to free counselling through the Employee Assistance Program and virtual GP services through our private health care plan
- Ability to donate to charities of your choice and the bank will match your contribution
- Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of Ireland’s most iconic cultural institutions and exhibitions.
- Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.
Bank of America
Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.
We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, membership of the Traveller community, age, sexual orientation, pregnancy or maternity, civil status, socio-economic background, family status or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.
We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.
