Job Description:

Job Title: Valuations Rates Specialist

Location: London

Corporate Title: Director

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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. 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. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

The Team:

This is a fantastic opportunity for a Valuation Specialist to join the Global Valuation Group (GVG) Methodology team at Bank of America. Working as part of the wider Global Banking and Markets CFO team based in London, you will be responsible for providing valuation and independent price verification (IPV) guidance/support to Global Banking and Markets (GBAM) Finance. You will focus on developing and investigating independent product valuation methodologies mostly focusing on Vanilla and Exotics Interest Rates Derivatives.

Responsibilities:

• Create, enhance and document independent product valuation methodologies

• Enhance market data calibration methodologies and participates to the model control framework

• Perform in deep dive of valuation issues and communicate findings to senior stakeholders

• Produce valuation updates and partner with business to enforce valuation control

• Involvement with model review and market data calibration. You would leverage a combination of quantitative knowledge of financial markets and products with a practical understanding of Interest Rates Derivatives pricing and risk management suitable for critically evaluating the results of control procedures applied

• Interaction with senior Finance, Risk, and Trading Stakeholders as well as a Regulator focus. You should be able to clearly communicate highly detailed issues, process, and results to senior stakeholders, business, control partners, regulators and internal/external auditors. Will be able to develop and guide an independent, but constructive, relationship with business and control partners

• You will possess excellent technical knowledge of financial markets and products within multiple markets sectors that should be complemented with deep quantitative experience necessary to critically evaluate the results of control procedures applied

• Valuation Specialists possess broad knowledge of financial markets, products, and quantitative theory

What we are looking for:

• Previous large, complex financial services organization experiences performing valuation control / risk management / model development with technical Vanilla and Exotics Interest Rates Derivatives expertise

• Proven management skills with evidence of supporting and developing quantitative resources.

• Positive team leading skills required; ability to drive strategic vision, as well as develop and implement new governance and control frameworks

• Professional communication skills with ability to communicate complex issues in a simple manner

• Programming skills with ability to design, develop and automate

• Prior experience influencing and collaborating with stakeholders across functions/divisions.

• Experience of regulatory and senior management interaction

• Minimum of a Bachelor’s degree, Master’s degree is highly preferred

• Experience across multiple products is preferred, but deep technical experience in a reduced product set is acceptable if you are expandable

Benefits of working at Bank of America:

UK

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner

• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons

• 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum

• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.

• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.

• Access to an Employee Assistance Program for confidential support and help for everyday matters

• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution

• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

Bank of America:

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.