Valuation Analyst

Job Description:

Job Title: Valuations Specialist

Location: London

Corporate Title: Vice President

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!

Location Overview:

Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern workspaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

Responsibilities:

• Present monthly valuation control results to the senior stakeholders including FLU, Risk Managers, QSG

• Partner with Business Finance Control (BFC) to review and challenge valuation control results

• Liaise with Regulators and Auditors on their queries and exams regarding the valuation controls

• Ensure timely remediation of regulatory matters requiring attention, audit findings and associated reporting demands

• Maintain and set-up proper governance framework and protocol to effectively report valuation risks

• Review and update the firm’s valuation control policy and guideline (and any other documentation owned by GVG) to ensure accurate interpretation of regulatory requirements.

• Development of appropriate governance, framework, and metrics for effective compliance with policies and regulatory expectations pertaining to valuation control

• Develop tactical and strategic solutions to improve the efficiency, consistency and accuracy of valuation control framework across all asset classes

• Work with BFC and GVG Methodology and other groups as necessary, to ensure that BOFA has a consistent valuation framework that meets both internal and external requirement

• Build and maintain relationships with other quantitative groups (e.g. QSG, MRM, Market Risk) to ensure adequate model governance

• Lead / contribute to project and initiatives to develop solutions for effective valuation control framework

What we are looking for:

• Previous large, complex financial services organization experience performing valuation control / risk management / product control

• Knowledge of Valuation Control framework and processes

• Understanding of the Regulatory and reporting environment around Fair Value and Prudential Valuation

• Experience with regulatory and audit interaction from a control and governance perspective, and ability to provide guidance on implementing appropriate controls

• Excellent written and spoken communication skills, including ability to explain complex concepts, and proven influencing and negotiation skills

• Commitment and ability to work under tight timeframes. Detail focused

• Ability to work with limited supervision and be able to reach appropriate decisions / conclusions

• Confident commitment to learn and operate outside of comfort zone

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

• Adaptability to changing circumstances is crucial; prioritization of responsibilities will need to evolve accordingly

• Minimum of a Bachelor’s degree, Master’s degree is highly preferred

Benefits of working at Bank of America:

UK

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner

• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons

• 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum 

• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.

• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.

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

• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution

• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.

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

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 sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or 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.