Our GBAM Wholesale Credit Summer Analyst Program is designed to offer candidates the opportunity to work within our credit business. While the interview process is generalist, you will be placed within one of the following business units at the point of offer: Business Banking, Business Capital, Commercial Real Estate Banking, Dealer Financial Services, Middle Market Banking, Specialized Industries and Global Corporate and Investment Banking.
Responsibilities will vary depending on your placement; however during your 10 week program as a summer analyst, you will predominantly focus on analyzing financial performance and operations/industry dynamics while monitoring client credit conditions and evaluating renewals, expansions, and new requests. Your responsibilities may include:
Analyzing industry and financial trends of clients in various industries in addition to our clients financial performance
Working with Credit Officers/Client Managers to evaluate credit risks, formulate the loan structure and write credit approval memos for loan modifications or restructurings
Analyzing and updating pertinent data on collateral, financials, projections, covenant compliance, free cash flow, audit and appraisal statistics, and bank product exposure
Assisting in the underwriting, credit risk analysis, negotiation, and closing of new transactions or existing transactions
Spreading financial statements, assessing the client's compliance with financial covenants and confirming the accuracy of risk ratings or recommending changes as warranted
Attending client meetings to develop a deeper understanding of the client's business, management team, and past and future performance
Program Locations – Including but not limited to: Charlotte, NC; Dallas / Plano, TX; Boston, MA; Houston, TX; Los Angeles, CA; San Francisco, CA
About Bank of America
By delivering capabilities through eight lines of business, we provide a unique advantage to each customer and client: the powerful expertise of one team, working together to deliver on our purpose to help make financial lives better through our focus on responsible growth.
Employees in banking, markets and finance roles work directly with individual clients across the U.S., as well as companies and institutional clients globally. This includes our Consumer & Small Business, Wealth Management and Global Banking & Markets lines of business.
Employees in our business support functions work on specialist teams to ensure the strategic, efficient and successful operations of our organization’s day-to-day business. Our administrative, finance, audit, human resources, risk and legal functions make up this team.
Employees in technology and operations help provide the infrastructure, technology platforms and information security capabilities crucial to our ability to serve our clients.