About this role
Leveraged Finance Credit supports the development, due diligence, approval and implementation of leveraged transactions for corporate and financial sponsors. Typical transactions include leveraged buyouts, mergers and acquisitions, refinancings, recapitalizations, and restructurings. This role builds experience across the full credit life cycle in the leveraged finance market.
Assist with review of due diligence, assessment of forecasts, building of models, and writing of credit memoranda. Maintain timely and accurate monitoring including risk ratings, financial reports, compliance certificates, forecasts, and annual reviews. Ensure adherence to prevailing credit policy and procedures while developing understanding of core documentation across loans and derivatives.
Bank of America is guided by Responsible Growth to deliver for clients, teammates, communities and shareholders. The London office features modern workspaces, state-of-the-art auditorium, onsite sustainable restaurant, rooftop terrace with city views, gym facilities, and medical centre. It offers a diverse, inclusive workplace with multi-faceted flexibility for employees.
Work closely with senior members and gain exposure to Global Banking & Global Markets product spectrum across stakeholders like Leveraged Finance, Financial Sponsors, Investment Banking, and Risk. Establish deep understanding of portfolio at client, industry, and macro levels to assess risk. Participate in strategic projects to support team and business goals while learning, growing, and making an impact.
Requirements
- Relevant experience with a major financial institution, preferably on or having completed a graduate scheme or equivalent program
- Corporate credit background, with leveraged finance experience preferred but not compulsory
- Credit risk awareness and understanding of risk drivers on appetite, exposures and ratings
- Experience in financial modeling and forecast assessment for leveraged transactions
- Knowledge of leveraged buyouts, mergers and acquisitions, refinancings, recapitalizations, and restructurings
- Ability to analyze due diligence and write credit memoranda
Responsibilities
- Work closely with senior members of the department, building experience in the leveraged finance market and provide support at all stages of the credit life cycle
- Assist with the review of due diligence, assessment of forecasts and/or building of models, and writing of credit memorandum
- Provide guidance regarding drivers of loan returns and profitability
- Establish and maintain a deep understanding of the portfolio at the client, industry, and macro level to assess risk and form considered opinions
- Maintain timely and accurate monitoring including risk ratings, financial reports, compliance certificates, forecasts, and annual reviews
- Ensure adherence to prevailing credit policy and procedures
- Develop an understanding of core documentation across loans and derivatives
- Participate in strategic projects to support both team and business goals
Benefits
- Competitive benefits supporting physical, emotional, and financial well-being
- Diverse and inclusive workplace for teammates around the world
- Multi-faceted approach to flexibility depending on roles
- Modern workspaces and state-of-the-art auditorium
- Onsite restaurant with sustainable seasonal menus
- Rooftop terrace with spectacular London views
- Onsite gym facilities and medical centre
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