Leasing Credit - Global Vendor Finance and International Asset Finance, Summer Analyst - London

London, United Kingdom

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The fundamental role of the Leasing Enterprise Credit EMEA team is to assess a counter party’s credit risk, which requires a deep understanding of a company’s industry, competitive position, strategy, and financial performance. The team is responsible for managing the end-to-end credit process, from initial due diligence through to structuring, underwriting, approval and closing.

During the programme, Summer Analysts may be aligned to Global Vendor Finance (GVF) or International Asset Finance (IAF Credit). GVF focuses on evaluating and underwriting new end-user credit opportunities, including the identification and assessment of strengths, weaknesses and risks and describing relevant mitigating factors.

IAF Credit is responsible for underwriting and credit structuring of facilities originated by the International Asset Finance business of Bank of America, with exposure to asset finance solutions and key sectors including shipping, rail and other land transport.

IAF Credit supports complex structured transactions ranging from large-ticket asset financing to general equipment financing solutions, with deal sizes ranging from $5MM to >$100MM. The team also manages credit monitoring for a portfolio of clients, including reviewing financial statements, assessing compliance with financial covenants, updating risk ratings, and preparing periodic status reviews.

Our ten-week Summer Analyst programme is designed to offer you a comprehensive experience of life as a full-time credit analyst. During your internship, you will be aligned to either the Global Vendor Finance (GVF) or International Asset Finance (IAF Credit) team within Leasing Credit.

Depending on your team alignment, you will support the evaluation and underwriting of new end-user credit opportunities and/or new asset finance transactions, as well as the monitoring of credit risk on existing transactions. This may include identifying and assessing strengths, weaknesses and risks, including credit, market, operational and structural risks, understanding transaction structures, assessing industry trends and collateral where relevant, and identifying and describing mitigating factors.

You will also have an opportunity to learn more generally about Global Leasing, including other business units in EMEA and the Equipment Management group.

Your training and development are our top priorities with extensive formal training offered at the start of the programme in addition to on-the-job support, educational speaker events and mentorship throughout.

As a summer analyst, your key tasks and responsibilities may include but are not limited…