Enterprise Credit Summer Analyst null

About Bank of America

Bank of America, among the world's largest financial institutions, serves a diverse clientele with a full range of banking, investment, and risk management services. With approximately 56 million U.S. consumer and small business relationships, the company is a global leader in wealth management and corporate banking. Its broad offerings and extensive reach position Bank of America as a significant player in the global financial landscape.

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Your role

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, and 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 documentation, loan agreements, and etc.
• Develop an understanding of internal policy, procedures and regulatory requirements and 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

Training, development & rotations

The Summer program is a 10-week program designed to provide Summer Analysts with a unique opportunity to gain 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.

Benefits

Bank of America is committed to supporting Summer Analysts and providing them with the following benefits:

• 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

Career progression

The company recognizes that supporting employee development is crucial for talent retention and business sustainability. To achieve this, they offer a variety of leadership-backed programs and learning resources catering to every stage of an employee's professional journey. This commitment reflects their understanding that employees are the most valuable asset, driving business growth and exceptional service to clients and communities.

Work-life balance

Bank of America prioritizes work-life balance by fostering personal connections among employees through clubs, networks, and various activities, contributing to a strong and inclusive workplace. The support for arts and cultural organizations grants employees premium access to museums and cultural events globally, promoting community engagement. Additionally, initiatives like Get Active! inspire employees to pursue a healthier lifestyle through team-based physical activity challenges, reinforcing a culture that values well-being and camaraderie.

Company culture

They are driven by a shared commitment to improving financial lives through meaningful connections. They emphasise responsible growth, prioritizing its global workforce's well-being through diversity, inclusivity, and competitive benefits supporting physical, emotional, and financial health. They foster a collaborative environment, providing career opportunities for individuals seeking personal and professional growth.

About you

What Bank of America is 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 adjusting 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

Source

The following sources were used in researching this page:

• careers.bankofamerica.com/en-us/benefits/career-growth
• careers.bankofamerica.com/en-us/benefits/part-of-the-package
• about.bankofamerica.com/en/working-here/employee-benefits
• careers.bankofamerica.com/en-us/culture/shared-interests