Enterprise Credit Summer Analyst Program 2025 - Leveraged Finance Credit

Company: Bank of America
Location: New York
Posted on: September 4, 2024

Job Description:

Enterprise Credit Analyst Program - 2025

Enterprise Credit overview

The Enterprise Credit organization is an integrated credit underwriting, monitoring and product management organization managing credit for clients in the bank's eight lines of business including consumers, companies, and institutions. To deliver seamlessly for our clients, the Enterprise Credit team works with a large array of partners in Global Risk, Global Operations, Global Banking and Consumer & Small Business Banking.

For additional information on our eight-lines of business, please refer to the annual report.

Enterprise Credit analyst program

The Enterprise Credit Summer Analyst Program is a ten-week program that provides you broad exposure into our credit underwriting, monitoring, business controls and data management routines. The program emphasizes on-the-job training augmented by classroom instruction focused on technical, analytical, and professional skills.

Our goal is for you to have the opportunity to build upon your academic foundation - specifically technical skills, industry knowledge and familiarity with a corporate environment - while pursuing your career, based on your interests and background. Your training and development is our top priority, with extensive formal training offered at the start of the program and on-the-job support, events, and mentorship throughout.

The Enterprise Credit program has six tracks to support the eight lines of business. The tracks include:

• Consumer Credit
• Global Wealth & Investment Management Credit (Supporting our Merrill and Private Bank clients)
• Global Commercial Banking (GCB), Asset Based Finance and Commercial Real Estate Credit
• Global Corporate & Investment Banking and Global Markets Credit
• Leveraged Finance Credit
• Data and Analytics and Business Controls/Process Optimization This job requisition is for the Leveraged Finance Credit track.
  
  Leveraged Finance Credit
  
  Our Leveraged Finance Credit business represents Enterprise Credit in the leveraged finance acquisition underwriting process and the on-going monitoring and servicing of credit relationships with financial sponsor portfolio companies.
  
  What to expect day to day
  
  Key responsibilities of a Leveraged Finance Credit Analyst may include but are not limited to:
  • Evaluate, analyze and assess corporate mergers, acquisitions and leveraged buyout transactions Review and analyze underwriting materials, such as: financial statements, presentations, projections, Quality of Earnings, Credit Ratings and other third-party reports
  • Acquire understanding of new businesses and industries in a short period of time
  • Identify and define key credit risks and weigh them against relevant mitigants
  • Conduct due diligence with clients
  • Develop detailed financial projection models
  • Present analysis of risks and associated mitigants to senior leaders in EC, Credit Risk, Global Markets and Global Capital Markets
  • Contribute to and create approval and monitoring documents for the initial acquisition finance underwriting, quarterly and annual credit reviews, and subsequent credit requests
  • Other projects as assigned, such as: reports synthesizing risk exposure statistics, market data over time, and reports on recently announced transactions
    Locations
    
    Charlotte, New York
    
    Qualifications
    
    • Candidates are required to be pursuing a bachelor's degree from an accredited college or university with a graduation timeframe between December 2025 and June 2026
    • 3.2 minimum GPA preferred
    • A history of high achievement
    • Common areas of study include but are not limited to:o Corporate Finance
      
      o Accounting - 12+ credit hours preferred including upper-level courses
      
      o Economics
      
      o Other related majors
      
      • Candidates should possess a high level of intellectual curiosity, a drive for operational excellence, and a commitment to achieving sustainable results.
      • Additionally, students should hold strong academic and technical skills in Microsoft Office, as well as show proficiencies in leadership, teamwork, problem solving & analytical skills, verbal and written communication, and professionalism. Bank of America is unable to consider candidates that will require visa sponsorship now, or in the future, for this specific role.
        
        Bank of America does not complete third party forms from colleges, universities, or other parties.
        
        Full / Part-time: Fulltime
        
        Hours Per Week: 40.00
        
        Shift: 1st Shift Associated topics: analyst, bi, business analyst, business finance, business intelligence, financial reporting analyst, forecasting, investment banking, law, regulation

Keywords: Bank of America, New York , Enterprise Credit Summer Analyst Program 2025 - Leveraged Finance Credit, Professions , New York, New York