Equities Valuation Specialist

Job Description:

Job Title: Equities Valuation Specialist

Corporate Title:  Vice President / Director

Location:  London

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.  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.

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

The Team:

This is a fantastic opportunity for an Equity Valuation Specialist to join the Global Valuation Group (GVG) Methodology team at Bank of America.  Working as part of the wider Global Banking and Markets CFO team based in London, you will cover valuation control framework for the entire inventory held within the Equity Derivatives and Hybrids business. The role requires close partnership with multiple stakeholders (Business Finance & Control teams, Trading, Quants, Market Risk Model Risk, Technology, Internal and External Audit , regulatory bodies and data vendors) and provides a great opportunity to deliver across valuation control, data automation, global projects and to foster leadership and management skills.

Responsibilities:

• Develop and enhance Valuation Control Methodology for Equity Derivatives, including IPV, Valuation Adjustment, Valuation Uncertainty and Fair Value Hierarchy

• Deep dive IPV result and address valuation issues with Trading Desk and Business Finance and Control

• 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

• Work as mentor to junior teammates and build up technical talents

What we are looking for:

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

• Expertise on Vanilla and Exotics Equity Derivative and their Pricing Models; knowledge of other financial products also a plus

• Understanding of current global and regulatory standards and developments pertaining to valuations of financial instruments

• Excellent communication skills, both written and oral, and proven influencing and negotiation skills

• Experience with regulatory, audit and senior management interaction

• 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.