Leveraged Finance Off-Cycle Analyst Internship Programme
London
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 are 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 organisation.
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!
The team:
Leveraged Finance, as part of the broad Global Capital Markets division, involves structuring and arranging loans and debt securities for companies with non-investment grade credit ratings to support acquisitions, leveraged buyouts and recapitalizations. Our Leveraged Finance team works closely with large corporate companies and Private Equity firms to navigate Leveraged Finance market, ensuring the seamless integration of financing strategies and the achievement of our clients’ strategic objectives.
Programme Overview
As an Off-Cycle Analyst in our Leveraged Finance team, you will have the opportunity to gain hands-on experience in financial analysis, credit assessment and deal execution. You will work closely with senior team members and collaborate with sector teams to support in conducting due diligence, preparing financial models and investment committee memos, analyzing companies’ capital structure, and contributing to the overall success of financing transactions. You will also develop a strong understanding of market fundamentals and learn how to structure, model, negotiate and manage complex and fast-paced financing processes.
Training and Development
Your training and development are our top priority 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 an Off-Cycle Analyst, your key tasks and responsibilities may include but are not limited to:
Assist with deal origination and execution on a range of transactions across industries / sectors, including Leveraged Buyouts by private equity or strategic clients, re-financings of existing sub-investment grade issuers, and stressed & distressed re-capitalisations
Work on a large number of live transactions and benefit from direct exposure to clients throughout the execution process delivering financing solutions through Leveraged Finance products (leveraged loans, high yield bonds, bridge loans, etc.)
Potential to work with clients across sub-investment grade EMEA corporates (Dufry, ECI, VirginMedia/O2, Jaguar Land Rover as example) as well as top private equity firms such as Blackstone, CVC, EQT, KKR in relation to well-telegraphed acquisition financings such as Morrison, Twitter and Ceramtec
Work closely with Investment Banking and Sales & Trading teams in the context of live transactions and origination effort
Eligibility
Candidates are required to be in their penultimate year of study pursuing a degree from an accredited college or university. If in your final undergraduate year with a plan to complete a masters after, you must be able to provide proof of this to be classified in your penultimate year of study.
On track for a minimum 2:1 degree classification (or equivalent)
Must be available to join the programme from January/February 2024
Our Off-Cycle Internships are 3 to 6 month programmes for penultimate year undergraduate students or final year undergraduate students who are available to join our full time graduate programme in 2025
What we are looking for
Essential:
Fluency in English is essential for all roles and a second European language may also be required for some roles
Solid financial analysis skills and proficiency with Microsoft Office
A genuine interest in the financial markets
Desired:
Teamwork, leadership, and problem-solving skills, plus creativity are key qualities, as is the ability to work in a fast-paced environment, multi-task and interact with a variety of people
Applications are accepted from a diverse range of degree disciplines such as the arts and humanities, with a preference for numerically focused subjects such as economics and mathematics
Our recruitment process
Analyst internship and full-time recruiting takes place on a rolling basis once our applications are open. Assessments often begin before the deadline, so it’s best to submit your application early as this will give you the best chance of being considered for the role.
We care deeply about shaping the world of work to be an equal and inclusive one and that starts with our recruitment process. We know just how important and valuable it is to have a wide range of skills, backgrounds and experiences shaping our work and ideas. We welcome applicants from all backgrounds, and we’re proud to focus on attracting, retaining and developing diverse talent within Bank of America. Together, we aim to mirror the customers, clients, and communities we serve.
We are an equal opportunities employer and ensure 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 dependents, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications, and experience.
What if I need workplace adjustments?
We are committed to ensuring our online application process provides an equal employment opportunity to all job seekers. If you need a workplace adjustment to search for a job opening, need help completing your application or video interview, please email juniortalentemea@bofa.com and let us know. We will get back to you within two business days.
We offer a competitive Salary and Benefits package
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.
