Valuations Methodology Lead

Job Description:

Job Title: Valuations Methodology Lead

Corporate Title: Director

Location: Paris

Company Overview:

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’re 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 organization.

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:

Here in the Bank of America Paris office, we are seeking talented individuals who want a career in Finance to help grow our business and realise a rewarding long-term career in the Investment Banking industry.

The Valuation Specialist will join the wider Global Valuation Group (GVG) Methodology team at Bank of America. GVG is part of the Global Banking and Markets CFO group, providing valuation control guidance/support to Global Banking and Global Markets Finance.

This role will be focused on developing and challenging independent product valuation methodologies mainly on Global Markets products.  Responsibilities also include involvement with model review and market data calibration. The successful candidate will leverage a combination of quantitative knowledge of financial markets and products with a practical understanding of pricing and risk management suitable for critically evaluating the results of control procedures applied.

The Role:

• Gain an in-depth understanding of the financial products, market risk profile and risk mitigation techniques and strategies within the EU legal entities.

• Work with Finance, Infrastructure teams, and other groups as necessary, to ensure that BofA has a consistent valuations framework that meets requirements, internal and external, providing effective balance sheet control.

• Create, enhance and document independent product valuation methodologies

• Review and challenge the Valuation Control execution & documentation, including Independent Price Verification, Fair Value Hierarchy categorisation & Prudent Valuation reporting.

• Perform in depth analysis of valuation issues and communicate findings to senior stakeholders

• Reviewing daily/monthly Profit & Loss and Balance Sheet

• Coordinating senior management and regulatory business initiatives to ensure we have cross region and cross LOB consistencies.

• Engage in ad-hoc project work to drive efficiency and enhancement to our routines.

Why Join Global Markets Finance in Paris?

• Industry Experience – Practically apply quantitative skillsets within a dynamic industry and fast paced environment.

• Market Insight – Develop an understanding of the structure of global markets and their impact on our daily trading flows.

• Data Driven Approach - Learn to develop with Emerging Technology tools that provide cutting edge insight into the data that drives our business.

• Professional Network – Exposure to senior leaders across the organisation allowing associates to build profile and a network of key contacts.

• Progression & Promotion – High focus on talented employees with a tailored approach to ensure every individual is given opportunities to progress their career.

• Internal Mobility – High levels of engagement with multiple groups and a track record in placing employees into roles across our global organisation.

• Supportive Learning Environment – Role specific learning and development opportunities to ensure associates are agile and develop a highly transferrable skillset.

What we look for?

Essential

• Previous large, complex financial services organization experiences performing valuation control / risk management / model development with technical product expertise

• Proven management skills with a track record of supporting and developing quantitative resources

• Proven leadership skills required; ability to drive strategic vision, as well as develop and implement new governance and control frameworks

• Confident communication skills with ability to communicate complex issues in a simple manner

• Proactive attention to detail, with organisational skills to effectively manage competing deadlines and pro-active management escalation

Preferred

• Prior experience influencing and collaborating with stakeholders across functions/divisions

• Experience of regulatory and senior management interaction

• Programming skills with ability to design, develop and automate

• Bachelor's Degree, Master’s degree is preferred in finance or equivalent experience

• Experience across multiple products is preferred, but deep technical expertise in a reduced product set is acceptable if the candidate is expandable

• Good accounting knowledge, ideally with comfort in both financial accounting and regulatory reporting concepts

• Understands and applies knowledge of financial concepts, principles, products, and other relevant financial information

France

• Competitive retirement plan in addition to State plans

• Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.

• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers

• Life and disability insurance

• Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later

• Reimbursement of 50% of your commuter pass

• Nursery scheme for children under age 3

• Works council benefits

• Access to an Employee Assistance Programme for confidential support and help for everyday matters

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities

• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris

Bank of America

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.