CFO Valuation Specialist - Global Markets and International Finance CFO Valuation Specialist - Global Markets and International Finance

CFO Valuation Specialist - Global Markets and International Finance Bank of America 3.2 ( ) New York, NY Why you should apply for a job to Bank of America : Ranked as one of the 57% say women are treated fairly and equally to men 74% say the CEO supports gender diversity Ratings are based on anonymous reviews by Fairygodboss members. See all reviews A competitive benefits and programs have earned us recognition by Working Mother magazine for more than 30 years. Employee Financial Services offers U.S. employees financial education and special access to financial products, services and expertise. Offers comprehensive domestic partner benefits to U.S. employees and incorporate sexual orientation into non-discrimination policies. # JR-25027659 Position summary 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 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 ability to communicate complex issues in a simple manner especially for senior stakeholders or regulators. Programming skills (e.g., python) with 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 on XVA, structured notes or Commodities related topic. 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 Learn more about this role Why you should apply for a job to Bank of America : Ranked as one of the 57% say women are treated fairly and equally to men 74% say the CEO supports gender diversity Ratings are based on anonymous reviews by Fairygodboss members. See all reviews A competitive benefits and programs have earned us recognition by Working Mother magazine for more than 30 years. Employee Financial Services offers U.S. employees financial education and special access to financial products, services and expertise. Offers comprehensive domestic partner benefits to U.S. employees and incorporate sexual orientation into non-discrimination policies.