Job Title

CFO Valuation Specialist - Global Markets and International Finance New York, New York To proceed with your application, you must be at least 18 years of age. Acknowledge Refer a friend To proceed with your application, you must be at least 18 years of age. Acknowledge ( 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 an inclusive workplace, attracting and developing exceptional talent, supporting our teammatesu2019 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 establishing the valuation control methodologies for complex portfolios of instruments and risks. Key responsibilities include price testing, valuation adjustment, and PruVal methodology development determining valuation uncertainty reporting and metrics, monitoring pricing and liquidity risk, and escalating issues. Job expectations include partnering with Product Finance Control teams, Front line , model developers and validation teams, implementing new models, challenging price testing methodologies, and driving the development of new methodologies. Within the CFO Group, The Global Valuation Group (GVG) at Bank of America provides valuation and independent price verification (IPV) support covering the Global Banking and Markets Business. This position will be covering Securitized Products, Credit Products, Distressed Credit, Commercial Real Estate, Municipals and Leveraged Finance, but not limited to these areas. GVG is a cross-asset class group supporting the organizations Valuation Control and we value deep experiences across multiple products/sectors. 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 Required Qualifications: + Minimum of 5 years' experience in a large financial services organization performing valuation control, and/or risk management and/or model development + Bacheloru2019s degree in Business, Finance, Engineering, Mathematics, Statistics or related field. + Able 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 Desired Qualifications: + Experience in creating and enhancing independent product valuation methodologies focused on Credit, 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) + Knowledge of Prudential Valuation regulation and its implementation + Programming skills (e.g., python) with ability to design, develop and automate + Professional communication skills with ability to communicate complex issues in a simple manner especially for senior stakeholders or regulators + Prior experience influencing and collaborating with stakeholders across functions/divisions. + Masteru2019s degree in Business, Finance, Engineering, Mathematics, Statistics or related field. 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 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. View your