CFO Valuation Analyst - Global Markets and International Finance
Bank of America
CFO Valuation Analyst - Global Markets and International Finance
New York, New York
**Job Description:**
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**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:**
1st shift (United States of America)
**Hours Per Week:**
40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
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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. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.
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