CFO - Valuation Analyst (Global Markets and International Finance)

Bank of America • New York, NY

110d • $99,000 - $158,700

About The Position

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 analyzing the price testing methodology of complex instruments and risks. Key responsibilities include partnering with Product Finance, Technology and Risk teams to develop valuation control methodologies and tools and, monitoring the valuation and pricing risk of portfolios. Job expectations include monitoring market liquidity, pricing dynamics of traded instruments and inherent risks, and ensuring valuation methodology is consistent with risk replication, trading and hedging strategies and, leveraging understanding of the operations of valuation models.

Requirements

• Minimum 3 years of valuation and financial modeling experience covering products in scope
• Knowledge of derivative and securities pricing model theory, valuation models and tools
• Intermediate-to-expert in Python or C++ with experience in distributed computing
• Experience with Bloomberg, Intex Desktop, Jupyter Labs, Dash Enterprise, KDB, Hadoop ecosystem
• System design and development experience, working with cross-functional teams
• Excellent writing and verbal communication, documentation, and problem-solving skills
• Excellent attention to detail, with ability interpret market structure and complex risks

Nice To Haves

• Master’s degree in Business, Finance, Engineering, Mathematics, or Statistics
• Chartered Financial Analyst (CFA) or Financial Risk Manager (FRM) designation
• Experience in Credit, Mortgage and Securitized Products, or Municipal markets and related derivatives; experience in IR, FX derivatives and XVA will also be considered

Responsibilities

• Develops and enhances the quantitative methodologies for Independent Price Verification (IPV) and associated Fair Value and Prudent Valuation Adjustments
• Supports Front Office model governance by reviewing model limitations and potential impact on Fair Value
• Implements systematic Valuation Control processes for specific products
• Drives operational excellence and innovation of valuation control processes
• Defines Fair Value Hierarchy classification and justification, creating the frameworks products, risks, or and portfolios
• Leverages expert knowledge of financial markets and products, applying a quantitative background to critically evaluate the IPV results and support resolution of IPV differences
• Executes Front Office model governance through the review of model limitations and potential impact on Fair Value

Benefits

• Industry-leading benefits
• Access to paid time off
• Resources and support to employees
• Discretionary incentive eligible
• Annual discretionary award based on individual performance results and behaviors

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree