Bank Of America
Finance
SrOperationsManager
“Sr Operations Manager at Bank Of America. Skills: Valuation Control, Global Markets, Independent Price Verification (IPV), Valuation Adjustments, Prudent Valuations, 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 methodolo”
What You'll Achieve.
flawless execution; sound risk management; operational resiliency; operational excellence; innovation; be “Accurate & well controlled” across deliverables.
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
12 to 16 years with at least 8+ years’ experience in Global Markets Valuation Control role, Qualified Chartered Accountant/CPA /CFA / MBA from Tier I/II institute with relevant experience in Valuation Control or Global Markets environment and organization of similar scale with US GAAP, IFRS, IAS reporting framework with an interest and aptitude for derivative products
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, Experience interacting with internal/external auditors and regulators will be a big plus
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.
Provide technical leadership on independent valuation principles.
understanding of trader’s risk positions and valuation principles
own the end-to-end desk communication and challenge process for GBAM Finance.
Timely identification and escalation of red flags to Business Finance and Control leads and other independent stakeholders.
Drive solid supervisory reviews and governance around implementation of the valuation framework.
Work closely with the trading desks on valuation issues and valuation differences.
Lead conversations with Front office with respect to IPV variances
changes in valuation adjustments etc.
Assist with execution of month-end controls and supervisory review routines pertaining to valuation control.
Analyze traders’ risk positions and understand and apply the Greeks (Delta
Vega Gamma) vs daily market moves.
Ensure audit readiness and compliance for the function as required by business finance policies
and regulatory requirements.
Active participation and collaboration with global teams on regulatory topics pertaining to valuation of assets.
Act as a catalyst in the execution of global strategic technology projects impacting valuations.
standardize & continuous improvement of existing processes & workflow.
Remediation of issues in an autonomous yet timely manner considering the principles of control and the need to mitigate operational risk.
Be pro-active and engage control partners/ technology to identify and mitigate operational risks.
How You'll Work.
Team & Collaboration
Working with the Global Valuation Group to ensure ongoing review & enhancement of valuation control methodologies and practices.; understanding of trader’s risk positions and valuation principles, own the end-to-end desk communication and challenge process for GBAM Finance.; Work closely with the trading desks on valuation issues and valuation differences.; Lead conversations with Front office with respect to IPV variances, changes in valuation adjustments etc.; Liaise with various business partners such as Technology, Market Risk, Credit Risk, Operations and Finance to resolve issues / queries and enable the business and be “Accurate & well controlled” across deliverables.; Active participation and collaboration with global teams on regulatory topics pertaining to valuation of assets.; Be pro-active and engage control partners/ technology to identify and mitigate operational risks.
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; Has the gravity to interact at all levels of management to support resolution of complex business issues.; A convincing executive presence which conveys composure and confidence in all situations, the credibility and stature to carry stakeholders through influence rather than via the hierarchy.
Process & Methodology
Act as a catalyst in the execution of global strategic technology projects impacting valuations., Develop, standardize & continuous improvement of existing processes & workflow., Remediation of issues in an autonomous yet timely manner considering the principles of control and the need to mitigate operational risk.
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