Valuations Specialist

Overview

Job Title: Valuation Controls Specialist

Corporate Title: Vice President

Location: London

Bank of America is guided by a common purpose to help make financial lives better through the power of every connection. We aim to deliver Responsible Growth for clients, teammates, communities and shareholders by fostering a diverse and inclusive workplace and offering competitive benefits that support well-being.

Our London office is based near St. Paul's Cathedral on King Edward Street, with modern workspaces, an onsite restaurant, rooftop terrace, and wellness facilities including an on-site gym and medical centre.

The Team

FICC Business Finance & Control forms part of the GBAM CFO Group and provides control and business advisory support to the business. The team covers P&L, balance sheet and valuation controls with a dynamic workload including improvement projects. This role supports the EMEA Global Non-Linear Rates business (market making in Swaps and Complex Interest Rate/FX options) in the EMEA region and collaborates with the trading desk, Global Valuation Group, market risk, legal entity controllers and other support functions. The team also engages in employee engagement and diversity initiatives.

Responsibilities

• Perform the calculation and analysis of valuation controls including Independent Price Verification (IPV), valuation adjustments, and prudent valuation adjustments, as well as ownership for quarterly disclosures.
• Work with the Global Valuation Group to ensure ongoing review and enhancement of valuation control methodologies and practices.
• Ensure procedure documents are accurate and up to date.
• Assist in streamlining and enhancing valuation processes and participate in system development, including technical enhancements, new product releases, and automation of existing processes.
• Lead business forecast routines and new product reviews.
• Engage with key stakeholders including Front Line Units, Accounting Policy Group, Risk and Global Valuation Group to implement appropriate accounting policies and procedures.
• Demonstrate a strong understanding of valuation controls, regulatory rules and governance including IPV, Valuation Adjustments and Prudential Valuation.

Skills and Qualifications

• Qualified Accountant (ACA, ACCA, CIMA or equivalent) or CFA with a good working knowledge of accounting concepts.
• Good, recent working knowledge of Fixed Income businesses and Valuation Control.
• Understanding of complex non-Linear products and their valuations.
• Applies Financial Accounting & Reporting expertise.
• Applies Financial Analysis and Reasoning skills.
• Demonstrates accounting knowledge.
• Capable of devising valuation methodologies and automating using various tech tools.
• Experience in a global, matrix organisation is preferred.

Benefits (UK)

• Private healthcare for you and your family with an annual health screen and option to extend for a partner.
• Competitive pension plan, life assurance and group income protection.
• 20 days of back-up childcare and 20 days of back-up adult care per annum.
• Flexibility in core benefits with options for wellbeing accounts, travel insurance, critical illness, etc.
• Emotional wellbeing support, mental health first aiders and virtual GP services.
• Employee Assistance Program for confidential support.
• Charitable giving through payroll with company matching.
• Arts & Culture membership program and discounted access to cultural institutions.
• Volunteer opportunities to give back to the community and develop new skills.

Bank of America

We are committed to conduct, accountability and risk management. We are an equal opportunities employer and ensure that no applicant is subjected to less favourable treatment on grounds of sex, gender identity, race, religion, age, sexual orientation, disability or other status. We encourage candidates to share any adjustment requirements and strive to make recruitment accessible for all.