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Global Wealth & Investment Management Credit - Enterprise Credit Summer Analyst Program 2025

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Bank of America

Jun 2, 2024

Applications are closed

  • Internship
    Full-time
    Summer Internship
  • Banking & Finance
  • Charlotte

Requirements

  • Candidates are required to be pursuing a bachelor’s degree from an accredited college or university with a graduation timeframe between December 2025 and June 2026
  • 2.0 minimum GPA preferred - A history of high achievement
  • Common areas of study include but are not limited to:
  • Personal/Corporate Finance
  • Business Administration
  • Accounting
  • Information Systems
  • Economics
  • Other related majors
  • Candidates should possess a high level of intellectual curiosity, a drive for operational excellence, and a commitment to achieving sustainable results. Additionally, students should hold strong academic and technical skills in Microsoft Office as well as show proficiencies in leadership, teamwork, problem solving & analytical skills, verbal and written communication, and professionalism.

Responsibilities

  • Over the ten-week program, you will participate in a variety of day-to-day activities depending on the credit portfolio to which you are aligned. You will be paired with a senior team of credit professionals. Potential activities include:
  • Analysis of client financial information, identification/mitigation of potential risks, compliance with regulatory requirements and evaluation of collateral in determination of credit worthiness
  • Participate in loan structure conversations and completion of loan documentation
  • Complete monitoring activities, including unencumbered liquid asset and debt service coverage ratio covenants
  • Review and evaluate collateral to ensure appropriate requirements are met
  • Spread and analyze clients' financial performance by comparing it to past performance
  • Complete cash-flow analysis to understand the client’s ability to repay
  • Attend meetings to develop a deeper understanding of the client's business, management team, and past and future performance
  • Review completed client requests to ensure compliance with policy and procedures and assess if business controls are appropriate
  • Participate in the end-to-end data management process to understand how credit data is used internally and provided to regulatory partners

FAQs

What is the focus of the Global Wealth & Investment Management Credit - Enterprise Credit Summer Analyst Program 2025?

The program focuses on providing support for high-net-worth and ultra-high-net-worth individuals with their securities-based lending and custom lending needs, leveraging a strong understanding of corporate finance and accounting principles.

What type of candidates are ideal for this summer analyst program?

Ideal candidates should have a robust understanding of corporate finance and accounting principles, as these skills are essential for evaluating both company and personal financials.

What is securities-based lending?

Securities-based lending involves offering loans that are secured by a client's existing securities portfolio, allowing clients to access liquidity while utilizing their investment assets as collateral.

Can you explain what custom lending entails?

Custom lending refers to tailored lending solutions for clients with complex wealth situations. This can include the use of non-traditional assets such as fine art, yachts, marine vessels, and real estate as collateral to meet their liquidity needs.

Who are the primary clients that the team supports?

The team primarily supports high-net-worth and ultra-high-net-worth individuals, assisting them with their unique lending needs and investments.

What skills will a summer analyst likely develop in this program?

A summer analyst can expect to develop analytical skills related to credit evaluation, financial analysis proficiency, and a deeper understanding of lending practices related to high-net-worth clientele.

What educational background is preferred for candidates applying to this program?

Candidates with a background in finance, accounting, economics, or related fields are preferred, as these areas of study will enhance the analyst's ability to evaluate financial information effectively.

Are there any specific experiences or qualifications that could strengthen a candidate's application?

Relevant internships, coursework in finance and investments, strong analytical and quantitative skills, and familiarity with financial modeling or credit analysis could all enhance a candidate's application for this program.

What might be the work environment like for a summer analyst in this program?

The work environment is likely to be fast-paced and collaborative, involving interactions with experienced professionals in the wealth management and investment sectors, providing a great opportunity for networking and professional growth.

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Bank of America

Helping to make financial lives better through the power of every connection.

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Mission & Purpose

Bank of America is one of the world's largest financial institutions, serving individuals, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company serves approximately 56 million U.S. consumer and small business relationships. It is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading. This LinkedIn company page is moderated. For more information, please visit: https://bit.ly/32FDdQr. For account issues, please visit: https://bit.ly/2GeTIeP.

Culture & Values

  • Deliver together

    We believe in the importance of treating each client and teammate as an individual and treating every moment as one that matters. We strive to go the distance to deliver, with discipline and passion. We believe in connecting person-to-person, with empathy and understanding. We believe everything we do for our clients, teammates and the communities we serve is built on a solid business foundation that delivers for shareholders.

  • Act responsibly

    We believe that integrity and the disciplined management of risk form the foundation of our business. We are aware that our decisions and actions affect people’s lives every day. We believe in making decisions that are clear, fair and grounded in the principles of shared success, responsible citizenship and community building.

  • Realize the power of our people

    We strive to help all of our employees reach their full potential. We believe that diverse backgrounds and experiences make us stronger. We respect every individual and value our differences - in thought, style, sexual orientation, gender, gender identity and expression, race, ethnicity, culture, age, ability and experience.

  • Trust the team

    We believe great teams are built on mutual trust, shared ownership and accountability. We act as one company and believe that when we work together, we best meet the full needs of our clients, and deliver value to our shareholders.