Analyst - GBS

Job Description:

About Us

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection.  Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us

Global Business Services

Global Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery model and globally resilient operations. Global Business Services is recognized for flawless execution, sound risk management, operational resiliency, operational excellence and innovation. In India, we are present in five locations and operate as BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services.

Process Overview

Global Corporate and Investment Banking (GCIB) Coverage – Global Capital Markets (GCM)

The GCM team in co-ordination with its global counterparts, participates in origination and syndication of High Yield and High Grade Loans, Bonds Offerings, IPOs, Follow-ons etc. The Global Capital Markets business comprises our Debt Capital Markets (DCM) and Equity Capital Markets (ECM) businesses. It also includes the ESG advisory vertical - Sustainable Banking Solutions Group - which focuses on advising clients on strategies to successfully meet their sustainability goals including Net Zero and Carbon Neutrality and to provide integrated and innovative ESG-strategic solutions and transactions for our client.

The Global Capital Markets team helps companies and institutions access the debt and equity markets to raise capital to fund their business needs. The team specializes in advisory services as well as structuring and executing financing through a broad range of sophisticated equity and debt solutions.

Job Description

The candidate will have broader responsibilities of working on all desks in GCM and will need to be a Product expert. The candidate will support origination and syndication of instruments including providing financial and qualitative analysis as well as assistance in underwriting, committing, and closing transactions. The candidate will also support activities related to automating business processes for clients by collaborating with functional process owners and business process design teams to identify automation opportunities.

Responsibilities

• Demonstrated hands-on experience in researching capital markets and producing live market commentary on segments of Debt Capital Markets
• Executes complex requests like large pitch-books, industry analysis, modeling, memos
• Demonstrated experience in helping bankers arrive at appropriate pricing by preparing Bond and Loan Comps, Debt analysis, Credit Agreement Analysis, Covenant Analysis etc.
• Proficiently and proactively executes work requests
• Assumes complete ownership of products to ensure accuracy in materials
• Consistently demonstrates impeccable attention to detail
• Demonstrates willingness to cross leverage and support other regions
• Exhibits integrity and accountability
• Experience in ability to handle LOB communication and effective execution of all types of projects

Requirements

• Experience Range - 1+ years of relevant experience post MBA preferably in Debt Capital Markets
• Education: MBA/CFA

Foundational skills

• Strong Financial Modelling skills
• Strong Finance Knowledge including understand Global companies' filings and financials
• Familiar with company filings and Capital Structure of the company
• Ability to understand and infer various types of Debt's characteristics (TLA, TLB, Notes, Revolver, Mezz., 2nd Lien, Green Bond, SLB, SLLs)
• Advanced Microsoft Office, Dealogic and Bloomberg skills
• Excellent verbal and written communication skills and effective interpersonal skills
• Strong Finance Knowledge including experience with Bloomberg (Fixed Income)

Desired skills

• Hands-on experience on Dealogic
• Professional work experience in Project Finance or LBO Modelling
• Credit Agreement Analysis including Liens, covenants, pricing grid, accordion, LC, bank group, security, ABL (borrowing base, access availability, cash dominion), swingline etc.
• Bond pricing, yield, spread, duration calculations for periodical projects
• Analyze debt ratios like leverage, FCCR, Capitalization etc.
• Valuation (debt/equity) techniques
• Familiarity with news and data vendors like Dealogic, LoanConnector, LCDComps, 9fin, Markit etc.
• Hands-on experience of Alteryx/Tableau/VBA/Python

Work Timings

9:30 AM – 6:30 PM or 1:30 PM – 10:30 PM (Flexibility for working in shifts such as APAC, US or EMEA is a prerequisite)

Job Location

Mumbai