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

Leasing Credit – Global Vendor Finance and International Asset Finance (Summer Analyst)

Location: London, United Kingdom

About Bank of America

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We drive Responsible Growth and deliver for our clients, teammates, communities and shareholders every day. Being a Great Place to Work is core to how we drive Responsible Growth, including a commitment to an inclusive workplace, attracting and developing exceptional talent, supporting teammates’ wellness, recognising and rewarding performance, and making an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance, with flexibility based on role-specific considerations.

The Team

The fundamental role of the Leasing Enterprise Credit EMEA team is to assess a counterparty’s credit risk, requiring 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 structuring, underwriting, approval and closing.

Team Alignment During the Programme

During the programme, Summer Analysts may be aligned to either Global Vendor Finance (GVF) or International Asset Finance (IAF Credit):

• Global Vendor Finance (GVF): evaluates and underwrites new end-user credit opportunities, including identifying and assessing strengths, weaknesses and risks, and describing relevant mitigating factors.
• IAF Credit: underwrites and structures facilities originated by Bank of America’s International Asset Finance business, 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.

Programme Overview

Our ten-week Summer Analyst programme is designed to offer 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 monitoring credit risk on existing transactions. This may include identifying and assessing strengths, weaknesses and risks across 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 the opportunity to learn more generally about Global Leasing, including other business units in EMEA and the Equipment Management group.

Training and Development

Your training and development are 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.

Responsibilities

As a summer analyst, your key tasks and responsibilities may include:

• Performing extensive qualitative and quantitative credit analysis to assess a counterparty’s credit risk.
• Compiling detailed credit memos and risk rating scorecards for new and existing clients.
• Presenting recommendations to senior colleagues in both written and verbal formats.
• Supporting the evaluation of transaction structures and the assessment of risks and mitigating factors.
• Working on in-flight projects and initiatives to support the Enterprise Credit mandate.

Eligibility

• Candidates must be pursuing a Bachelor’s or Master’s degree from an accredited college or university, with a completion time frame between September 2027 and July 2028. Completion means all final exams and coursework are completed, and there are no outstanding requirements for graduation. Evidence of the completion date may be requested before an offer is extended.
• Must be available to join the programme from June to August 2027.
• On track for a minimum 2:1 degree classification (or equivalent).

What We Are Looking For

Essential

• Strong analytical skills and good attention to detail.
• Effective written and verbal communication; fluency in English is essential.
• An inquisitive nature and a keen interest in the financial markets.
• Ability to interact effectively in a team environment and work independently with minimal guidance and direction.
• Ability to efficiently multi-task and be decisive.
• Strong interpersonal skills.
• Results oriented, able to accomplish objectives within a specified timeframe.
• A moderate level of proficiency in Excel and other programmes within the Microsoft Office suite.

Desired

• Proficiency in a language other than English (not a requirement).

Recruitment Process

Analyst internship and full-time recruiting takes place on a rolling basis once applications are open. Assessments often begin before the deadline, so submitting your application early is recommended.

Bank of America is an equal opportunities employer and ensures that no applicant is subject to less favourable treatment on the grounds of gender, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, being pregnant or on maternity leave, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on skills, qualifications and experience.

Workplace Adjustments

If you need a workplace adjustment to search for a job opening, need help completing your application or video interview, you can email juniortalentemea@bofa.com to discuss the support you need. The team will respond within two business days.

Salary and Benefits

We offer a competitive Salary and Benefits package.