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, a part of Global Corporate and Investment Banking (GCIB) Credit. The role involves managing and delivering credit relationships for corporate clients in accordance with the company's growth strategy, risk appetite and underwriting standards. This independent function works closely with various lines of business, relationship managers, product specialists and Risk.
GCIB Credit is responsible for analysing and delivering credit underwriting debt financing solutions and derivative strategies for medium and large corporate clients of GCIB & Global Markets (GM). The group provides services to middle‑market and large corporations, government entities and institutional investors, including mergers and acquisition advice, equity and debt capital raising, corporate lending, sales and trading, risk management, research and liquidity and payments management.
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.
* Develop, maintain, 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.
Qualifications and Experience
* Credit risk experience at a major international financial institution, analysing and assessing companies, knowledge of EMEA and specific industry sectors, structuring transactions and documentation.
* Effective credit skills, risk judgement and broader risk awareness and understanding of the wider business, market and regulatory environment in which the bank operates, and how that impacts client and portfolio's credit profile and ability to defend rigorously a fact‑based point of view.
* 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 and written and verbal communication skills, and attention to detail and accuracy.
* Fluency with use of Microsoft Office applications, particularly Excel; including ability to prepare and/or review company‑specific financial models in Excel.
* Strong organisational skills with ability to prioritise and work under pressure, drive deal selection, negotiate solutions, strong transaction management process, and proactively manage credit risks.
* Fluency in English required. Additionally, another European language skill highly beneficial.
Benefits of Working at Bank of America
* Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness, with the option for your partner.
* Competitive pension plan, life assurance and group income protection cover if you become unable to work due to disability or health reasons.
* 20 days of backup childcare, including access to school holiday clubs and 20 days of backup adult care per annum.
* Flexibility to change core benefits and the option to select a variety of flexible benefits to suit your personal circumstances, including a wellbeing account, travel insurance, critical illness cover, etc.
* Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
* 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 programme 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 locally.
Equal Opportunity Employer
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.
Accessibility
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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