CFO Valuation Analyst - Global Markets and International Finance

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:
This job is responsible for analyzing the price testing methodology of complex instruments and risks. Key responsibilities include partnering with Product Finance, Technology and Risk teams to develop valuation control methodologies and tools and, monitoring the valuation and pricing risk of portfolios. Job expectations include monitoring market liquidity, pricing dynamics of traded instruments and inherent risks, and ensuring valuation methodology is consistent with risk replication, trading and hedging strategies and, leveraging understanding of the operations of valuation models.

LOB Job Description:

Valuation Analyst in 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 Business Finance & Control teams. Valuation Specialists possess broad knowledge of financial markets and products with a quantitative background suitable for critically evaluating the results of valuation control procedures applied.

Responsibilities:

• Develops and enhances the quantitative methodologies for Independent Price Verification (IPV) and associated Fair Value and Prudent Valuation Adjustments
• Supports Front Office model governance by reviewing model limitations and potential impact on Fair Value
• Implements systematic Valuation Control processes for specific products
• Drives operational excellence and innovation of valuation control processes
• Defines Fair Value Hierarchy classification and justification, creating the frameworks products, risks, or and portfolios
• Leverages expert knowledge of financial markets and products, applying a quantitative background to critically evaluate the IPV results and support resolution of IPV differences
• Executes Front Office model governance through the review of model limitations and potential impact on Fair Value

Key Responsibilities:

• Develop and enhance Valuation Control Methodology for Derivatives, including IPV, Valuation Adjustment, Valuation Uncertainty and Fair Value Hierarchy
• Deep dive IPV result and address valuation issues with Trading Desk and Product Controller
• Work with Quant and Model Validation to improve model governance, identify model limitation and initiate/validate Valuation Adjustment methodology
• Leverage expert knowledge of financial markets, products and consensus data to understand valuation trending, liquidity and uncertainty
• Collaborate with Market Risk to develop and upgrade methodology for Liquidity Reserve, Close-out-Cost and Concentration Reserve
• Drive Operational Excellence by automating the workflows with an End-to-End solution
• Coordinate with global Valuation teams to drive global consistency in Valuation Control execution, reporting and governance
• Communicate complex valuation findings and challenges to Senior Management, Auditors and Regulators

Skills:

• Analytical Thinking
• Attention to Detail
• Data Modeling
• Risk Analytics
• Risk Modeling
• Business Acumen
• Financial Forecasting and Modeling
• Price Verification and Valuation
• Problem Solving
• Scenario Planning and Analysis
• Business Analytics
• Consulting
• Influence
• Reporting

Required Qualifications:

• Minimum 2 years of experience working in a large, complex financial services organization performing valuation control / risk management / model development
• Expertise on derivative products in Fixed Income, Currencies and Commodities, as well as corresponding Pricing Models
• Knowledge of XVA (CVA, FVA, etc.) and Structured Notes pricing preferred
• Professional communication skills with ability to communicate complex issues in a simple manner
• Programming skills with ability to develop valuation model and automate workflows, Python experience preferred
• Experience of regulatory and senior management interaction a plus

Desired Qualifications:

• Master's degree in Quantitative Finance, Financial Engineering, Physics, or Mathematics

Minimum Education Requirement: Bachelor’s degree in Quantitative Finance, Financial Engineering, Physics, or Mathematics

Shift:

Hours Per Week: