Description

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

• The role sits within the Global Markets Credit ("GMC") group within the Enterprise Credit organization.
• Global Markets Credit ("GMC") is responsible for executing robust and consistent credit underwriting for Global Markets lending activities within the first line of defense. This financing activity includes facilities secured by a range of financial and physical assets. Within GMC, the Specialty Finance Director will undertake core credit underwriting and ongoing portfolio management for a portfolio of structured financing opportunities. Financed asset classes will include Private Credit loans, NAV financing, Equities, Hedge Fund shares and Commercial Real Estate loans. The portfolio is a substantial book with active deal flow. Client types include leading private credit and private equity sponsors.
• The Director will work closely with both senior and junior team members within the GMC Specialty Finance team as well as other constituents within GMC. The role will coordinate closely with the front office team and various risk partners to help drive responsible loan growth.

Responsibilities:

• Key responsibilities will include deal screening, providing input into the negotiation of key terms, participating in due diligence, and managing credit committee processes.
• The Director will review and potentially challenge all elements of transactions including client selection, structure, collateral, and cashflow stress analysis.
• The role will have responsibility for ongoing deal and portfolio monitoring and will exercise credit approval authority for new deals, amendments, waivers, renewals, and extensions.
• The Director will lead the preparation and review of credit approval memos, guiding junior deal team members and coordinating with global peers.
• The role will also drive periodic reporting requirements, policy and procedure updates, risk rating scorecard development, responding to regulatory inquiries, managing limit requests, driving the adoption of AI related tools and other ad hoc projects.
• Overall this is a high visibility role covering an active markets business that has driven significant growth for the company.

Skills:

• Bachelor degree or equivalent required; Finance, Accounting, or Economics majors preferred with strong academic credentials.
• 7+ years of experience in financial services. Relevant prior experience may include roles in credit risk management, credit underwriting, structuring, loan origination, public rating agencies, and securitization markets
• Familiarity with securitization structures and an understanding of macroeconomic drivers
• The candidate will likely have had experience of reviewing lending or debt transactions including securitization or collateral based lending facilities and derivatives
• Candidate should exhibit strong analytical skills, personal drive, individual initiative, a sense of urgency, and responsiveness, with a desire to grow, learn, and take on increasing levels of responsibility
• Strong organizational, oral, and written communication skills, with ability to communicate effectively with all levels of risk, support, and business partners
• Candidate should be a strong team player, willing to support more junior members of the team as required.
• Proficiency with Word, Excel and PowerPoint, along with ability to quickly learn new programs and applications including leveraging AI tools
• High level of attention to detail

Benefits of working at Bank of America

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.

Bank of America

Good conduct and sound judgment is crucial to our long term success. It's important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

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.