Equities Valuation Specialist

Job Description:

Job Title: Equities Valuation Specialist

Corporate Title: Vice President / Director

Location: London

Company Overview:

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 a diverse and 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.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Location Overview:

Our London office is based just a stone's throw from the magnificent St. Paul's Cathedral on bustling King Edward Street. Here you'll find modern workspaces and a state-of-the-art auditorium space. We also have an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus created with the planet in mind. Take time for yourself and enjoy our rooftop terrace with spectacular views across London. Our onsite gym facilities and medical centre support your physical wellness.

The Team:

This is a fantastic opportunity for an Equity Valuation Specialist to join the Global Valuation Group (GVG) Methodology team at Bank of America. Working within the wider Global Banking and Markets CFO team in London, you will oversee valuation control for the inventory within the Equity Derivatives and Hybrids business. The role involves close collaboration with stakeholders including Business Finance & Control teams, Trading, Quants, Market Risk, Model Validation, Technology, Internal and External Audit, regulatory bodies, and data vendors. This position offers the chance to contribute to valuation control, data automation, global projects, and to develop leadership skills.

Responsibilities:

• Develop and improve Valuation Control Methodology for Equity Derivatives, including IPV, Valuation Adjustment, Valuation Uncertainty, and Fair Value Hierarchy.
• Analyze IPV results and resolve valuation issues with Trading Desk and Business Finance & Control teams.
• Collaborate with Quant and Model Validation teams to enhance model governance, identify limitations, and validate Valuation Adjustment methodologies.
• Utilize expertise in financial markets, products, and consensus data to understand valuation trends, liquidity, and uncertainty.
• Partner with Market Risk to refine methodologies for Liquidity Reserve, Close-out-Cost, and Concentration Reserve.
• Drive operational excellence by automating workflows through end-to-end solutions.
• Coordinate with global Valuation teams to ensure consistency in valuation control, reporting, and governance.
• Present complex valuation findings and challenges to Senior Management, Auditors, and Regulators.
• Mentor junior team members and foster technical skill development.

What we are looking for:

• Experience in large, complex financial services organizations performing valuation control, risk management, or model development.
• Expertise in Vanilla and Exotic Equity Derivative pricing models; knowledge of other financial products is a plus.
• Understanding of current global and regulatory standards related to financial instrument valuation.
• Excellent written and verbal communication skills, with proven influencing and negotiation abilities.
• Experience interacting with regulators, auditors, and senior management.
• Bachelor's degree required; Master's degree preferred.

Benefits of working at Bank of America:

UK

• Private healthcare for you and your family, plus an annual health screen, with options to include a partner.
• Competitive pension, life assurance, and income protection plans.
• 20 days of backup childcare and adult care annually.
• Flexible benefits including wellbeing accounts, travel insurance, and critical illness cover.
• Access to emotional wellbeing helpline, mental health first aiders, and virtual GP services.
• Confidential Employee Assistance Program.
• Charity donation matching via payroll.
• Discounted cultural memberships and opportunities for community volunteering.

Our Values:

We prioritize good conduct and sound judgment, emphasizing individual accountability and ownership. We are committed to diversity and equal opportunity, ensuring accessible recruitment processes and encouraging candidates to share any adjustment needs.