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1 Enterprise Credit Summer Analyst Program 2025 - Consumer Credit Job in Phoenix, AZ

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Bank of America
Phoenix, AZ | Full Time
$61k-79k (estimate)
2 Months Ago
Enterprise Credit Summer Analyst Program 2025 - Consumer Credit
Bank of America Phoenix, AZ
$61k-79k (estimate)
Full Time | Banking 2 Months Ago
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Bank of America is Hiring an Enterprise Credit Summer Analyst Program 2025 - Consumer Credit Near Phoenix, AZ

Enterprise Credit Analyst Program - 2025Enterprise Credit OverviewTheEnterprise Creditorganization is an integrated credit underwriting, monitoring and product management organization managing credit for clients in the bank’s eight lines of business including consumers, companies, and institutions. To deliver seamlessly for our clients, the Enterprise Credit team works with a large array of partners in Global Risk, Global Operations, Global Banking and Consumer & Small Business Banking.
For additional information on our eight-lines of business, please refer to the annual report.
Enterprise Credit analyst programThe Enterprise Credit Summer Analyst Program is a 10-week program that provides you broad exposure into our credit underwriting, monitoring, business controls and data management routines. The program emphasizes on-the-job training augmented by classroom instruction focused on technical, analytical, and professional skills.
Our goal is for you to have the opportunity to build upon your academic foundation specifically technical skills, industry knowledge and familiarity with a corporate environment while pursuing your career, based on your interests and background. Your training and development is our top priority, with extensive formal training offered at the start of the program and on-the-job support, events, and mentorship throughout.
The Enterprise Credit program has five tracks to support the eight lines of business. The tracks include:
  • Consumer Credit
  • Global Wealth & Investment Management Credit (Supporting our Merrill and Private Bank clients)
  • Global Commercial Banking (GCB), Asset Based Finance and Commercial Real Estate Credit
  • Global Corporate & Investment Banking and Global Markets Credit
  • Data and Analytics and Business Controls/Process Optimization
This job requisition is for the Consumer Credit track. Consumer Credit: Candidates for this credit portfolio need a strong understanding of accounting principles to evaluate personal financial statements. The teams supporting credit for Consumer clients are structured by product groups:
  • Mortgage loans Support clients with their home purchase or refinancing
  • Home Equity line/loans Support clients with using the equity in their home
  • Vehicle financing Support clients with a vehicle purchase or refinancing
  • Credit cards Support clients with an array of credit card products
Within the Consumer Credit organization, we also have data analytics, process optimization and end-to-end product management teams. These teams support the Consumer Credit organization with management routines, data and process requirements to ensure the business runs at optimal performance.
What To Expect Day To DayOver the 10-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 team of credit professionals to support clients in our Consumer banking business. 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
  • Review and evaluate collateral to ensure appropriate requirements are met
  • 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
LocationsCharlotte & Phoenix
Qualifications
  • Candidates are required to be pursuing abachelor’s degreefrom an accredited college or university with a graduation timeframe betweenDecember 2025 and June 2026
  • 3.2 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.
Bank of America is unable to consider candidates that will require visa sponsorship now, or in the future, for this specific role.
Bank of America does not complete third party forms from colleges, universities, or other parties.
Full / Part-time:Fulltime
Hours Per Week:40.00
Shift:1st Shift

Job Summary

JOB TYPE

Full Time

INDUSTRY

Banking

SALARY

$61k-79k (estimate)

POST DATE

07/24/2024

EXPIRATION DATE

08/21/2024

WEBSITE

bankofamerica.com

HEADQUARTERS

FARMINGTON, NM

SIZE

>50,000

FOUNDED

1968

CEO

LINDA BOYCE

REVENUE

>$50B

INDUSTRY

Banking

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About Bank of America

Bank America is an insurance company based out of P.O. BOX 15292, Richmond, Virginia, United States.

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