Enterprise Credit Summer Analyst

Bank of America

Make financial lives better for our clients and our communities through the power of every connection

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. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us! 

What we’re looking for:

• Penultimate year Undergraduate/Master’s student with outstanding academic achievement
• Strong quantitative and analytical skills
• Effective verbal and written communication
• Comfortable with change and adjust to changing demands and requirements
• A strong team player and client focused
• Demonstrates energy and drive
• Creative thinking and problem-solving skills
• Fluency in English is essential, appropriate Asian language skills are also essential for some roles and countries

Why Us?Enterprise Credit is a front office function that works closely with origination functions such as Corporate Banking, Capital Markets, and Global Transaction Services both domestically and globally to devise and deliver solutions to customers. Enterprise Credit is specifically responsible for the credit analysis, credit paper preparation and execution of multiple-ranged financial transactions as well as the subsequent monitoring and management of portfolio quality and exposures.

What you’ll do:

• Provide analytical and other support for senior team members and assist with origination (Corporate Banking, Investment Banking, Global Markets, Global Transaction Services, etc), risk and other support functions to support balanced portfolio growth
• Learn from, and work with teams consisting of professionals from across the business, including senior team members within your group, product and support partners and other colleagues from around the globe
• Analyze customer financial strength, business strategy, market factors, regulatory environment to assist credit memos and support portfolio management of various Financial Institutions Customers (Government FIs, Banks, Broker-Dealers, Insurers, Funds, etc) and Corporate Clients
• Perform various statistical and financial analyses
• Conduct comprehensive and in-depth company and industry research
• Develop familiarity with various legal documents trading documentations, loan agreement, and etc.
• Develop an understanding of internal policy, procedures and regulatory requirements and to ensure full compliance in all respects
• Develop product knowledge - a wide range of credit products including loans, derivatives, trade finance, cash management and treasury products

Program Overview The Summer program is a 10-week program designed to provide Summer Analysts with a unique opportunity to gain an exposure to life at Bank of America and also make significant contributions to the team. The Summer Program begins with an orientation and induction to the firm. Summer Analysts are given a true associate experience, as assignments mirror full-time responsibility and include goal-setting and a formal review process.

• Access to the bank’s learning hub containing a variety of learning resources, ranging from banking fundamentals to communication skills
• Structured and on-the-job training
• Networking and social opportunities
• Speaker series with senior management across all lines of business
• Corporate Social Responsibility project/learning
• Involvement in Diversity and Inclusion training/events
• Consideration for full-time employment upon graduation

• 📊

  Financial and Market Analysis

  Conduct financial analysis and market research to inform investment and capital allocation decisions

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  Investment Stakeholder Presentations

  Prepare and present to clients and internal stakeholders, including investment recommendations and pitches

• 🔎

  Due Diligence

  Manage due diligence processes to ensure that all relevant information is identified and evaluated

• 💪🏼

  Resilience

  Bounces back from stressful experiences while being optimistic, emotionally aware, and adapts to change

• 📊

  Results orientation

  Focuses on outcomes and the steps it takes to achieve them

• 👍🏼

  Flexibility

  Copes with changes and ambiguity in varying circumstances and can adapt behaviour effectively