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VP of Global Valuation and Financial Modeling

New York City, New York
Job description

Within the CFO Group, The Global Valuation Group (GVG) at Bank of America provides valuation and independent price verification (IPV) support covering the Global Banking and Markets Business.  This position will be covering Securitized Products, Credit Products, Distressed Credit, Commercial Real Estate, Municipals and Leveraged Finance, but not limited to these areas.  GVG is a cross asset class group supporting the organizations Valuation Control and we value deep experiences across multiple products/sectors.

 

Key Responsibilities:

  • Develop and enhance  the quantitative methodologies for IPV and associated Fair Value and Prudent Valuation Adjustments

  • Work closely with Traders, Market Risk, Model Risk Management, Front Office Quants, Product Controllers, and Senior Managers on Valuation related matters. Communicate complex valuation matters to Senior Management, Auditors, and Regulators.

  • Leverage expert knowledge of financial markets, products, and quantitative background to critically evaluate the IPV results and support resolution of IPV differences..

  • Define Fair Value Hierarchy classification and justification, i.e. create the framework for a given product, risk, or portfolio as appropriate.

  • Support Front Office Model Governance through the review of model limitations and potential impact on Fair Value.

  • Drive Operational Excellence and Innovation of Valuation Control processes:

  • Implement systematic Valuation Control processes for specific products.

  • Lead strategic projects supporting valuation analytics and architecture.

  • Develop data analytics to better understand valuation uncertainty, independent data quality, liquidity, and trends.

 

Required Skills:

  • 10-15 years of valuation and financial modeling experience covering products in scope.
  • Excellent verbal & written communication, documentation, and problem-solving skills.
  • Possess intermediate-to-expert computer skills with MS Office, VBA, INTEX, Bloomberg API, and Programming in Python.
  • BS/MS degree, ideally focused on a quantitative discipline (CFA, FRM a plus).
  • Exhibit attention to detail, with ability to drill-down to elements of  market structure and/or a position.
  • Knowledge of quantitative model theory, valuation models and tools.
  • Knowledge of accounting and regulatory standards such as ASC 820 and Prudential Valuation.
  • Prior system design, development, and automation project experience working with stakeholders across functions and divisions.
KP RECRUITING GROUP
 
KP Recruiting Group was started to create a world-wide network of multi-level, highly skilled talent; that are either experts or working to become one, in their respective fields. Our process involves focusing on the talent, skills, and experience of an individual as a key indicator of the present and future value that they will bring to any organization.

In establishing a network, we are able to forge genuine relationships with talent and gain valuable insight that allows us to understand what motivates them. This data allows us to give strategic advice to our partners as they go through the process of managing their human capital.

See our jobs and apply here: https://kprecruitinggroup.catsone.com/careers/7781-General

 
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