Analyst/Assistant Vice-President, Subsidiary Lending Group (SLG), Enterprise Credit, India

Job 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:
SLG (part of Enterprise Credit) is a front office unit that works closely with origination function such as Corporate Banking, Global Markets, and Global Payment Services to identify opportunities and deliver credit product solutions to customers. SLG India is specifically responsible for the document negotiation, credit analysis, execution of transactions as well as the subsequent monitoring and management of portfolio quality and exposures.

Responsibilities

• Primary responsibility is to actively manage the credit due diligence for the portfolio of multi-national companies including:
• Manage the acknowledgement process of incoming credit relationships for the portfolio of multi-national companies.
• Due diligence of financial statements and preparation of credit approval memorandum.
• Preparation of credit and financial analysis of borrowers and obtain local credit, risk & senior management team’s approval.
• Preparation, review & negotiation of credit documents and loan agreements.
• Maintain close working dialogue with business partners to handle appropriate financial solutions for the clients. Also ensure early pre-screening of significant new client on-boarding, and / or transactions.
• Perform ongoing portfolio monitoring and identify, escalate & manage emerging risks in the portfolio of clients.
• Ensure portfolio of clients is compliant with internal policy and procedures as well as regulatory requirements.
• Prepare and participate in internal/external/regulatory audits, reporting, surveys and examinations.
• Participate in projects/initiatives to streamline and improve processes.

Competencies

• Minimum 6 years of work experience (2 years for Analyst) in wholesale banking, preferably in credit.
• Strong written and verbal communication skills in English
• Able to interpret and analyze financial statements.
• Good understanding of banking products across Loan, Trade Finance, Transactional Services & Treasury.
• Experience with Reading / Interpreting / Negotiating credit documents and loan agreements.
• Strong relationship building abilities with internal and external stakeholders.
• Has an analytical mind and takes a proactive attitude towards problem solving.
• Excellent time management skills and the ability to work effectively under pressure.
• Experience in banking and finance and/or track record of relevant experience will be preferred.