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Director; Valuation Specialist

New York, New York;

Job Description:

Director on the Americas Global Valuation Group (GVG) Methodology team at Bank of America.  GVG is part of the Global Banking and Markets CFO group, providing valuation and independent price verification (IPV) guidance/support to Global Banking and Markets (GBAM) Finance. 

Main Responsibilities:

  • Coverage would be mostly focus on XVA related topics (CVA, FVA, DVA)
  • Create, enhance and document independent product valuation methodologies
  • Enhance market data calibration methodologies and participates to the model control framework
  • Perform in depth analysis of valuation issues and communicate findings to senior stakeholders
  • Provide senior leader with valuation updates and partner with business to enforce valuation control
  • Ideal candidate would combine quantitative and practical knowledge of XVA pricing and management

Focused on developing and challenging independent product valuation methodologies mostly focusing on XVA for derivatives of rates/equity, credit, and structured notes in GBAM.  Responsibilities also include involvement with model review and market data calibration. Ideal candidate would leverage a combination of quantitative knowledge of financial markets and products with a practical understanding of XVA pricing and risk management suitable for critically evaluating the results of control procedures applied.

Strong communication skills are required as well as technical capacity.  Interaction with senior Finance, Risk, and Trading Management as well as a Regulator focus.  Candidate should be able to clearly communicate complex issues, process, and results to senior management, business management, control partners, regulators and internal/external auditors.  Must be able to develop and manage an independent, but constructive, relationship with business management and control partners.  Candidate must possess industry leading technical knowledge of financial markets and products within multiple markets sectors that should be complemented with deep quantitative expertise necessary to critically evaluate the results of control procedures applied. 

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-20004855

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Referral Bonus: