CFO Valuation Specialist - Global Markets and International Finance

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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
• Bachelor’s 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.
• Master’s 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