Bank Of America
Finance
Manager
“Manager at Bank Of America. Skills: valuation controls, Independent Price Verification, Valuation Adjustments, Prudential Valuation, Fair Value Hierarchy assessment. Performing the calculation and analysis of valuation controls including IPV, valuation adjustments and prudent valuation adjustments, as well as ownership for Fair Value Hierarchy levelling.. Working with the Global Valuation Group to ensure ongoing review & enhancement of valuation control methodologies and practices.”
What You'll Achieve.
flawless execution; sound risk management; operational resiliency; operational excellence and innovation; providing a high standard of analysis and explanation
Industry & Context.
Ability to analyze issues independently and derive solutions
Work Timings: 12:30 PM to 9:30 PM IST
What They're Looking For.
Must Have
4+ years of experience in Global Markets Valuation Control or similar roles, US GAAP, IFRS, IAS reporting framework, interest and aptitude for derivative products, awareness to escalate potential issues to their supervisor in a timely manner, proven track record of communicating effectively with personnel from various areas within an organization and at different management levels, proactive and be a highly motivated self-starter, understanding of valuation controls, regulatory rules and governance including Independent Price Verification, Valuation Adjustments and Prudential Valuation
Nice to Have
CFA / FRM certified candidates would be preferred, Advanced education and/or enhanced technical qualifications are a plus, Ability to use Access or VBA would enhance the candidate’s attractiveness significantly, Alteryx / Tableau / Python knowledge would be an added advantage
What You'll Do.
Performing the calculation and analysis of valuation controls including IPV
valuation adjustments and prudent valuation adjustments
as well as ownership for Fair Value Hierarchy levelling.
Working with the Global Valuation Group to ensure ongoing review & enhancement of valuation control methodologies and practices.
Ensuring procedure documents are accurate and up to date.
Assisting in the streamlining and enhancement valuation processes and becoming actively involved with system development ranging from technical enhancements and new product releases to automation of existing processes.
Engaging with the key stakeholders including Front Line Units.
A understanding of valuation controls
regulatory rules and governance including Independent Price Verification
Valuation Adjustments and Prudential Valuation.
How You'll Work.
Team & Collaboration
Engaging with the key stakeholders including Front Line Units.; Working with the Global Valuation Group to ensure ongoing review & enhancement of valuation control methodologies and practices.; The team works closely with front office, middle office, traders, valuation control and methodology (GVG) teams to drive the control agenda across the business.
Communication Scope
good communication and time management skills are an essential requirement for this job; proven track record of communicating effectively with personnel from various areas within an organization and at different management levels; Effective communication skills with English proficiency
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