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.
Job Details
Job Title: Credit Officer
Corporate Title: Vice President
Location: London
Job Description
An exciting opportunity for a Vice President to join our Corporates Credit team, part of Global Corporate and Investment Banking (GCIB). The role involves managing credit relationships for corporate clients in accordance with the company’s growth strategy, risk appetite and underwriting standards. The function works closely with various lines of business, relationship managers, product specialists and risk.
London Location Overview
Our London office is based just a stone’s throw from St. Paul’s Cathedral on bustling King Edward Street. It offers modern workspaces, a state‑of‑the‑art auditorium, an onsite restaurant, a rooftop terrace, a gym and a medical centre.
Responsibilities
Perform financial and credit analysis, risk rating analysis ensuring adherence to prevailing credit policy and procedures for an assigned portfolio.
Independently assess credit worthiness, perform intensive qualitative and quantitative due diligence of prospective borrowers and/or trading counterparties and establish appropriate terms and conditions to mitigate risk.
Structure transactions, underwrite and negotiate credit documentation designed to meet both client and investor needs including credit agreements, amendments, derivative documentation.
Ensure granularity of the portfolio with specific reference to targets for net country/credit capital, legally binding commitments, total exposure and asset quality.
Establish appropriate internal risk ratings for clients and implement accurate adjustments throughout the client’s credit life cycle.
Ensure that the portfolio and credit management process are at all times rated "satisfactory" by internal auditors, the Credit Review group and external regulators.
Develop and maintain a deep understanding of the product spectrum and portfolio at the client, industry, and macro level to assess risk and craft value‑added solutions balancing risk.
Build and manage internal relationships with business partners including corporate and investment bankers, sales & trading, risk management, syndications and legal.
Participate in strategic projects to support business goals.
Provide appropriate coaching and development to junior teammates.
What We Are Looking For
Credit risk experience at a major international financial institution, analysing and assessing companies with knowledge of EMEA and specific industry sectors, structuring transactions and documentation.
Effective credit skills, risk judgment and broader risk awareness and understanding of the wider business, market and regulatory environment.
BA/BSc degree (or equivalent); Finance, Accounting or Economics would be beneficial.
Sound product/technical, documentation and process knowledge across lending, trade finance and derivative (FX, rates, commodities and equities) products.
Act as an agent of change/improvement, influencing corporate policy/procedure and projecting a positive strategic vision.
Commercial mindset to support value‑added discussions with effective interpersonal, written and verbal communication skills, and attention to detail and accuracy.
Fluency with Microsoft Office, especially Excel; ability to prepare and review company‑specific financial models.
Strong organisational skills with ability to prioritise and work under pressure, drive deal selection, negotiate solutions and manage credit risks.
Fluency in English required; an additional European language highly beneficial.
Benefits
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.
Flexible benefits, wellbeing account, travel insurance, critical illness coverage and more.
Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
Employee Assistance Program for confidential support.
Opportunity to donate to charities via payroll with matching contributions.
Corporate membership programme for Arts & Culture with discounted entry to UK cultural institutions.
Volunteer opportunities to give back to communities.
Equal Opportunity Statement
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.
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