CFO Valuation Specialist - Global Markets and International Finance

Bank Of America Job Posting

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 an 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!

This job is responsible for establishing the price testing methodology for complex portfolios of instruments and risks. Key responsibilities include ensuring execution of price testing is consistent with methodologies and market conditions in partnership with the Product Finance control team, determining uncertainty reporting and metrics, monitoring pricing and liquidity risk, and escalating issues. Job expectations include partnering with model developers and validation teams, implementing new models, challenging price testing methodologies, and driving the development of new methodologies.

Responsibilities

• Develops and enhances technical valuation policies and standards, improving methodology, documentation, and Valuation Controls (VCs)
• Conducts technical analysis of existing methodology development, VC execution, reporting, and governance processes, identifying areas of improvement for VC areas in scope including Independent Price Verification (IPV), IPV & Fair Value Hierarchy Classification, Fair Value Adjustments, Valuation Uncertainty metrics and Prudent Valuation Adjustments
• Drives improved controls over proxy data, overrides, calibration error, model risk, and untested parameters/risks while improving valuation uncertainty metrics, market data back testing, and governance
• Collaborates with Traders, Market Risk, Model Risk Management, Front Office Quants, Product Controllers, and senior managers on valuation related matters while communicating complex valuation matters to senior management, Auditors, and Regulators
• Defines Fair Value Hierarchy classification and substantiation approaches, such as creating the framework for products risks, and portfolios
• Performs data analytics to better understand valuation uncertainty, independent data quality, liquidity, observability, and trends
• Leads strategic projects supporting valuation analytics and architecture

Skills

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

Required Qualifications

• Minimum of 3 years' experience in a large financial services organization performing valuation control, and/or risk management and/or model development.

Desired Qualifications

• Experience in creating and enhancing independent product valuation methodologies focused on XVA (CVA, FVA, DVA), structured notes or Commodities.
• Ability to leverage a combination of quantitative knowledge of financial markets and products with a practical understanding of pricing and risk management techniques to critically evaluate the results of valuation control procedures.
• Knowledge of market data calibration methodologies and the associated model control framework (development, enhancement, and maintenance).
• Professional communication skills with the ability to communicate complex issues in a simple manner especially for senior stakeholders or regulators.
• Programming skills (e.g., python) with the ability to design, develop and automate.
• Knowledge of Prudential Valuation regulation and its implementation.
• Prior experience influencing and collaborating with stakeholders across functions/divisions.
• Valuation Specialists possess broad knowledge of financial markets, products, and quantitative theory with a keen interest in XVA, structured notes, or Commodities related topics.
• Master's degree in Business, Finance, Engineering, Mathematics, Statistics, or related field.

Minimum Education Requirement: Bachelor's degree in Business, Finance, Engineering, Mathematics, Statistics or related field.

Shift: 1st shift (United States of America)

Hours Per Week: 40

Pay Transparency details US - NY - New York - 1100 Ave Of The Americas - Two Bryant Park (NY1540) Pay and benefits information Pay range $169,000.00 - $245,800.00 annualized salary, offers to be determined based on experience, education, and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. Benefits This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.