GCIB GMC- Analyst

Bank of America•New York, NY

21h•Onsite

About The Position

This job is responsible for analyzing and interpreting a client's credit worthiness, evaluating credit risks, and writing credit approval memos for annual renewals and new lending opportunities. Key responsibilities include analyzing qualitative and quantitative data such as client's financials, 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. Team member is responsible for analyzing and assessing a client's credit worthiness, evaluating credit exposure, and writing credit approval memos for annual renewals and new opportunities. Key responsibilities include analyzing qualitative and quantitative information such as client's financials, projections, industry data, covenant compliance, and collateral appraisals to ensure compliance with the Bank's risk appetite. Job expectations include completing timely, regular monitoring and underwriting tasks and supporting key internal stakeholders to achieve successful execution of transactions and facilities. Performs credit analysis in support of the origination, underwriting and portfolio management process for U.S./CAN Banks and Brokers clients within GCIB. Product focus primarily geared toward traded products and syndicated and bilateral revolving credit. Additional exposure to Treasury/Cash Management and Leases. Active portfolio with tight turnaround times.

Requirements

2+ years commercial and/or corporate banking credit experience
Experience in underwriting, credit risk analysis, negotiation, and closing of new transactions or existing transactions, while adhering to all relevant policies and procedures
Must have commercial credit analysis, financial modeling, traded products and underwriting experience
Must have proficient Excel, Microsoft Word and Power Point skills

Nice To Haves

Bachelor’s degree in finance, accounting or another related field
Formal credit training or related certifications
Strong foundation in finance and accounting with experience building three statement and/or cash flow financial models.

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
Trains, coaches, and mentors credit analysts, and collaborate with team members
Credit coverage of Banks, Broker Dealers, and Exchange Companies clients
Manage the end-to-end credit approval process by managing analysts and the portfolio monitoring team-work flow to ensure quality of work and timeline management of deliverables.