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CFO Valuation Specialist – Global Markets and International Finance
| Company | Bank of America |
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| Location | New York, NY, USA |
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| Salary | $169000 – $245800 |
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| Type | Full-Time |
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| Degrees | Master’s |
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| Experience Level | Mid Level, Senior |
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Requirements
- Minimum of 3 years’ experience in a large financial services organization performing valuation control, and/or risk management and/or model development.
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.
Preferred 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.
