Bank Of America Credit Risk Analyst/Associate - Insurance & 

United Kingdom, England, London 

167653220

Job Description:

Job Title:Credit Risk Analyst/Associate - Insurance & Diversified Financials

Analyst or Associate

Role Description

You will be partnering with teams globally, including Corporate and Investment Banking, Sales & Trading, and Global Treasury Management to drive revenue growth while maintaining appropriate risk discipline specific to the FI credit portfolio, effectively manage and monitor the credit, market and operational risks related to the corporate portfolio. The team also engages closely with, but independently of Risk partners, Legal, Operations, Compliance and other areas of the Bank. This is a high-volume and fast-moving portfolio that utilises a risk-based approach to drive revenue while maintaining appropriate credit risk disciplines to balance risk, productivity, and maximising efficiency.

• You will be structuring, underwriting and negotiating documentation of credit facilities designed to meet both client and investor needs as well as balance the banks internal risk/return requirements.

• Performing financial and credit analysis, risk rating analysis ensuring adherence to prevailing credit policy and procedures.

• Assessing the credit worthiness, perform intensive qualitative and quantitative due diligence on industry and company factors and establish appropriate terms and conditions to mitigate risk.

• Research, write and present financial and industry analyses in support of company specific and portfolio level decisions.

Responsibilities

• Evaluate transaction and relationship risk-adjusted profitability to facilitate the allocation of capital.

• Monitor and manage all elements of the bank credit exposure to its clients across its international network, including periodically reassessing internally assigned risk ratings.

• Develop and maintain a deep understanding of the product spectrum and the portfolio at the client, industry, and macro level in order to assess risk and craft value added solutions that balance risk.

• Establish appropriate internal risk ratings for clients and implement accurate adjustments throughout the client’s credit life cycle.

• 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.

What we are looking for

• BA/BSc degree (or equivalent) required; Finance, Accounting or Economics would be beneficial.

• Relevant prior experience in financial services, preferably roles within credit risk management, where you have demonstrated an ability to identify, assess, monitor, control and mitigate credit risk to Insurance & Diversified Financial clients.

• Risk judgment and broader risk awareness and understanding of the wider business, market and regulatory environment in which the bank operates, and how this impacts client and portfolio’s credit profile and ability to defend rigorously a fact-based point of view.

• Commercial mindset to support value added discussions within GCIB Credit and Relationship Managers.

• Sound product/technical and process knowledge across lending and derivative (FX, rates, commodities and equities) products.

• Ability to quickly absorb and follow internal credit policies and procedures; demonstrated ability to continuously learn and adapt with a proactive work ethic.

• Keen interest in finance, macroeconomic and geopolitical issues.

• Strong team player & organisational skills with ability to prioritise and work under pressure to meet deadlines.

• Effective interpersonal and written and verbal communication skills both written and verbal with ability to be concise and with attention to accuracy and detail.

• Understanding of credit risk sensitivities in the portfolio and risk drivers of the exposures.

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.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.