Entry Level Credit Risk Analyst Jobs in Providence, RI

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:
The Product Specialist II provides analytical support to Global Leasing client teams throughout the sales process, assisting in the structuring and execution of asset-finance transactions across a diverse range of asset classes, industries and markets. The Product Specialist II supports pricing, modeling, and other economic analyses under the guidance of more experienced team members, with opportunities to learn how tax, accounting, credit, and other financial considerations are incorporated into lease optimization models. Assists with preparing analyses for client teams and develop relationships with internal functional groups to support origination, funding, and booking activities. Contributes to strategic analytic assignments and analytical tools that support the Global Leasing business.

Responsibilities:

• Support evaluation of transaction economics through creation of cash flow models, and using pre-tax and after-tax analytical methods
• Assist with pricing new transactions for hold and sell scenarios, and modeling transactions around internal metrics and/or syndication market assumptions
• Help analyze cash flows and structures, escalating questions and recommendations to senior team members
• Build knowledge of tax and other technical aspects of lease structuring and analysis
• Prepare presentation materials for internal and external discussions
• Prepare associated document schedules and pricing exhibits; support documentation review as needed
• Partner with Leasing team members to provide analytical support, economic analysis, and structuring input for transaction review and approval forums
• Assist in identifying, analyzing, and working through commercial, structural, tax, and accounting issues
• Coordinate with Credit, Risk, Finance, Tax, and Operations on economic, tax, structural, and accounting questions or issues with guidance from senior team members
• Support the development and maintenance of analytical models as needed

Required Qualifications:

• 2+ years of experience in cash flow modeling, financial modeling, credit analysis within a commercial/corporate banking related environment.
• Must have strong mathematical analytical and problem-solving skills.
• Proficiency in Excel, including financial analysis, formulae, and model review.
• Ability to work collaboratively with cross-functional partners such as Accounting, Tax, Credit, Operations, Documentation, Finance, and Risk

Desired Qualifications:

• Exposure to leasing, structured asset finance, project finance, commercial banking, credit, accounting, tax, or treasury concepts
• Coursework, internship, rotational program, or early-career work experience involving financial modeling, cash flow analysis, valuation, accounting, economics, or corporate finance
• Interest in leasing and asset finance products, including related tax, accounting, and regulatory capital considerations
• Familiarity with loan, lease, valuation, or financial modeling software is helpful but not required
• Bachelor's Degree with a concentration in Mathematics, a mathematical Science, Economics, Finance, CFA level 3, Business, Engineering, Data Analytics, or another quantitative or analytical discipline.

Skills:

• Attention to Detail
• Analytical Thinking
• Problem Solving
• Coding
• Financial Forecasting and Modeling
• Oral & Written Communication
• Issue Management
• Lease Structuring
• Self-Motivated with Strong Work Ethic
• Prioritization
• Written Communications
• Collaboration
• Business Acumen
• Continuous Improvement
• Innovative Thinking
• Reporting

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110), US - RI - Providence - 1 Financial Plz - 1 Financial Plaza (RI1537)Pay and benefits informationPay range$83,000.00 - $126,000.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.BenefitsThis role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.