1+ months

Director - Valuation Specialist GBAM GVG

New York, NY 10176
**Job Description:**



**Job description**



Valuation Specialist on the Americas Global Valuation Group (GVG) Methodology team at Bank of America Merrill Lynch. GVG is part of the Global Banking and Markets CFO group, providing valuation and independent price verification (IPV) guidance/support to Global Banking and Markets (GBAM) Finance.



Position Description



+ Main Responsibilities:Coverage would be mostly focus on XVA related topics (CVA, FVA, DVA)

+ Create, enhance and document independent product valuation methodologies

+ Enhance market data calibration methodologies and participates to the model control framework

+ Perform in depth analysis of valuation issues and communicate findings to senior stakeholders

+ Provide senior leader with valuation updates and partner with business to enforce valuation control

+ Ideal candidate would combine quantitative and practical knowledge of XVA pricing and management



Focused on developing and challenging independent product valuation methodologies mostly focusing on XVA for derivatives of rates/equity, credit, and structured notes in GBAM. Responsibilities also include involvement with model review and market data calibration. Ideal candidate would leverage a combination of quantitative knowledge of financial markets and products with a practical understanding of XVA pricing and risk management suitable for critically evaluating the results of control procedures applied.



Strong communication skills are required as well as technical capacity. Interaction with senior Finance, Risk, and Trading Management as well as a Regulator focus. Candidate should be able to clearly communicate complex issues, process, and results to senior management, business management, control partners, regulators and internal/external auditors. Must be able to develop and manage an independent, but constructive, relationship with business management and control partners. Candidate must possess industry leading technical knowledge of financial markets and products within multiple markets sectors that should be complemented with deep quantitative expertise necessary to critically evaluate the results of control procedures applied.



**_Enterprise Role Overview_**



Valuation Specialists possess broad knowledge of financial markets and products with a quantitative background suitable for critically evaluating the results of control procedures applied.



**Required Skills and Qualifications:**



+ Previous large, complex financial services organization experiences performing valuation control / risk management / model development with technical product expertise

+ Proven management skills with a track record of managing and developing quantitative resources

+ Strong leadership skills required; ability to drive strategic vision, as well as develop and implement new governance and control frameworks

+ Strong communication skills with ability to communicate complex issues in a simple manner

+ Prior quantitative process/system design, development, and automation project experience working with stakeholders across functions/divisions.

+ Minimum of a Bachelors degree, Masters degree is highly preferred

+ Experience across multiple products is preferred, but deep technical expertise in a reduced product set is acceptable if the candidate is expandable.

+ Experience of regulatory and senior management interaction.

+ 10+ years extensive industry experience with valuation and or model control



**Posting Date** : 01/28/2019



**Location** :

New York, NY, 250 VESEY ST (NY3004),

- United States



**Travel** : Yes, 5% of the time



**Full / Part-time** : Full time



**Hours Per Week** : 40



**Shift** : 1st shift



**Assistance for Applicants with Disabilities**



Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the Applicants with Disabilities page at http://careers.bankofamerica.com/us/applicants-with-disabilities .



**Diversity & Inclusion**



At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.



**Frequently Asked Questions**



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Industry

  • Banking / Finance
Posted: 2019-04-18 Expires: 2019-09-13

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Director - Valuation Specialist GBAM GVG

Bank of America
New York, NY 10176

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