Bank of America is one of the world’s leading financial institutions, serving individual consumers, 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. We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals.
We are a part of the Global Business Services which delivers technology and operations capabilities to all Bank of America lines of business (LOB) and enterprise functions.
Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses and institutional investors we serve worldwide.
* BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank.
The Global Valuation Group (GVG) team at BA Continuum is part of global GVG group which provides valuation and independent price verification (IPV) support to the Global Markets Businesses, covering Equities, Rates, FX, and Credit lines of business.
GBAM Finance would like to hire an experienced professional to support the EMEA & US Distressed businesses.
The successful applicant will join a team of valuation professionals supporting the Special Situations Group. The team is comprised of experienced and motivated professionals who are highly regarded by senior management and control partners, providing a center of expertise for valuation methodologies and appropriate reporting of these as well as communicating to and informing senior management around valuation issues in their businesses.
Verify trader valuations across different distressed asset classes, which will include both quantitative and qualitative assessments. Finance is expected to understand all pricing model inputs, pricing systems, theory, and expected capital markets execution. Finance will create its own inputs and pricing models in order to qualitatively and quantitatively assess valuation assumptions
Communicate opinions and recommendations to the traders and senior management. Finance is responsible for communicating conclusions and recommendations to the desk on the back of an analysis. In addition, it is often called upon by senior management to summarize, at a moment’s notice, all pricing methodology
Implement systematic pricing processes, which needs to be set up in such a manner that they can be replicated over periods, give the ability to compare results with prior periods, and be doable by more than one member of the team
Deliver all pricing work in a timing matter, there will be periods of time where a large number of valuations will absolutely need to get done in a short time period
Produce high quality work as all price review work must be well-written and work must be presented to the candidate’s manager and front office in a clear and concise format
Seek improvement in existing processes, which should continually be refined. All processes must be self-audited on a regular basis, and this audit should make it clear to management where improvements are needed, suggestions for solving the weakness, and expected timeframes to put improvements in place
Ability to lead, the candidate should be able to drive processes as well as provide guidance to more junior members of the team
Minimum 10 years of experience in a financial discipline
Relevant experience in distressed asset valuation across loans, corporates and real estate. The candidate should have expertise in the construction and review of valuation and financial models including, DCF, comparable company among others
Good working knowledge of accounting concepts and ability to understand company financials
Investment banking experience
Strong Excel skills with the ability to build models and use spreadsheets
Bloomberg systems experience
Experience with process improvements and risk management
Ability to communicate with a diverse audience (trading desk, FINANCE, middle office & market risk)
European language skills
Prior front office experience (desirable)
Excellent writing and verbal communication skills, the candidate must clearly demonstrate the ability to logically present a given argument in written form as well as being able to articulate a given opinion concisely
The candidate must have excellent understanding of the distressed market and the different valuation methods are that are used in this space
The candidate should have the ability to drill down and/or provide a bottoms up approach to valuation. Without this ability, the person will never be able to argue from a position of strength as the trader will be able to easily rebut arguments
The candidate must be highly analytical and have experience in building discounted cashflow models and have solid valuation skills around valuation multiples
The candidate must also be a good listener, a problem solver, and well organized
The candidate should have good interpersonal skill and must be able to interact with people within the firm from a variety of disciplines, including traders, trading management, other control people and senior management.
The candidate should be motivated and have a high level of intellectual curiosity
The candidate should be highly commercial
Location : Gurugram
Shift : EMEA
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