Job Description: Division Description: Bank of America Merrill Lynch (BofAML) is one of the world's largest financial institutions, serving corporations, governments, institutions and individuals with a full range of banking, investing, asset management and other financial and risk management products and services through operations in more than 35 countries. The bank's Global Corporate & Investment Banking (GCIB) line of business provides clients around the world and across all major industries with solutions for Treasury services, lending, leasing, advisory and debt and equity underwriting.
Banc of America Leasing (BAL), a part of GCIB, is the largest U.S. equipment financing company, serving nearly 60,000 clients worldwide. Together with our affiliated companies we provide customized financing solutions that address the capital raising and equipment financing needs of businesses worldwide. We offer industry leadership, capital strength and specialized expertise to small businesses, middle-market and large corporations, offering product expertise in government financing and wholesale vendor financing, as well as tailored programs specific to industry segments, including aviation, healthcare, energy services and renewable energy.
In EMEA, BAL provides finance to local and multinational corporate clients for large ticket assets across a range of countries in the GCIB footprint. Core product set includes secured term loans, finance leases and operating leases for clients operating in the transportation, energy, aerospace, manufacturing and technology sectors.
Position Description & Primary Responsibilities: Based in either London or Dublin, the Leasing Credit Officer role sits within an International Credit Team supporting BAL's International Asset Finance (IAF) and Global Corporate Aircraft Finance (GCAF) business units.
The individual will be responsible for the underwriting and credit structuring of facilities originated by the IAF & GCAF teams. This will include an evaluation, review and written analysis of all factors that affect an entity's ability to repay and/or service their obligations on time; the identification and assessment of all strengths, weaknesses and risks (including credit risk, market risk, and operational risk) associated with the opportunity; as well as identifying and describing mitigating factors. The individual will use his/her skill set to assess the appropriateness of the proposed transaction, and to propose optimal alternatives or additional financing solutions. The complexity of the entities and transactions requiring analysis can vary over a wide spectrum.
The individual will also be responsible for the asset quality and credit monitoring of an existing portfolio of clients and transactions including the timely preparation of periodic status reviews and annual program renewals, managing client compliance with financial reporting covenants, financial covenants and LTV covenants.
The individual will work closely with the Leasing Sales/Origination teams, Transaction Management team, Internal and External Legal counsel, as well as with Bank of America Merrill Lynch colleagues in Wholesale Credit, Risk Management and Leasing Senior Management. The individual may also have ad hoc involvement in transactions for other BAL business units including Global Vendor Finance (GVF) and Commercial Aviation (BALI).
Qualifications & Skills Required:
Educated to degree level or equivalent (business, finance, accounting or related discipline preferred).
Demonstrable experience in banking/finance industry (asset finance experience, specifically in areas of blue water marine and/or rail financing, preferred).
Excellent credit analysis skills (cash flow modelling expertise an advantage), and experience in the credit structuring of leasing and loan transactions.
Proven ability to analyze, interpret and negotiate third party legal documentation.
Results oriented, is able to accomplish objectives in a specified timeframe.
Intellectually curious, with strong attention to detail.
Strong organizational skills, with proven ability to manage multiple priorities.
Strong oral and written communication and presentation skills.
Exhibits professional maturity and demonstrates strong interpersonal skills.
Works effectively, both as a team member and independently with minimal supervision or oversight.
Travel - 10%.
Good conduct and sound judgment is crucial to our long term success. It's important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mindset are the cornerstones of our Code of Conduct and are at the heart of managing risk well.
As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment