Job Description:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
This job is responsible for analyzing the price testing methodology of complex instruments and risks. Key responsibilities include partnering with Product Finance, Technology and Risk teams to develop valuation control methodologies and tools and, monitoring the valuation and pricing risk of portfolios. Job expectations include monitoring market liquidity, pricing dynamics of traded instruments and inherent risks, and ensuring valuation methodology is consistent with risk replication, trading and hedging strategies and, leveraging understanding of the operations of valuation models.
LOB Job Description:
Valuation Analyst in the Americas Global Valuation Group (GVG) Methodology team at Bank of America. GVG is part of the Global Banking and Markets CFO group, providing valuation and independent price verification (IPV) guidance/support to Business Finance & Control teams. Valuation Specialists possess broad knowledge of financial markets and products with a quantitative background suitable for critically evaluating the results of valuation control procedures applied.
Responsibilities:
• Develops and enhances the quantitative methodologies for Independent Price Verification (IPV) and associated Fair Value and Prudent Valuation Adjustments
• Supports Front Office model governance by reviewing model limitations and potential impact on Fair Value
• Implements systematic Valuation Control processes for specific products
• Drives operational excellence and innovation of valuation control processes
• Defines Fair Value Hierarchy classification and justification, creating the frameworks products, risks, or and portfolios
• Leverages expert knowledge of financial markets and products, applying a quantitative background to critically evaluate the IPV results and support resolution of IPV differences
• Executes Front Office model governance through the review of model limitations and potential impact on Fair Value
Key Responsibilities:
- Develop and enhance Valuation Control Methodology for Derivatives, including IPV, Valuation Adjustment, Valuation Uncertainty and Fair Value Hierarchy
- Deep dive IPV result and address valuation issues with Trading Desk and Product Controller
- Work with Quant and Model Validation to improve model governance, identify model limitation and initiate/validate Valuation Adjustment methodology
- Leverage expert knowledge of financial markets, products and consensus data to understand valuation trending, liquidity and uncertainty
- Collaborate with Market Risk to develop and upgrade methodology for Liquidity Reserve, Close-out-Cost and Concentration Reserve
- Drive Operational Excellence by automating the workflows with an End-to-End solution
- Coordinate with global Valuation teams to drive global consistency in Valuation Control execution, reporting and governance
- Communicate complex valuation findings and challenges to Senior Management, Auditors and Regulators
Skills:
- Analytical Thinking
- Attention to Detail
- Data Modeling
- Risk Analytics
- Risk Modeling
- Business Acumen
- Financial Forecasting and Modeling
- Price Verification and Valuation
- Problem Solving
- Scenario Planning and Analysis
- Business Analytics
- Consulting
- Influence
- Reporting
Required Qualifications:
- Minimum 2 years of experience working in a large, complex financial services organization performing valuation control / risk management / model development
- Expertise on derivative products in Fixed Income, Currencies and Commodities, as well as corresponding Pricing Models
- Knowledge of XVA (CVA, FVA, etc.) and Structured Notes pricing preferred
- Professional communication skills with ability to communicate complex issues in a simple manner
- Programming skills with ability to develop valuation model and automate workflows, Python experience preferred
- Experience of regulatory and senior management interaction a plus
Desired Qualifications:
- Master's degree in Quantitative Finance, Financial Engineering, Physics, or Mathematics
Minimum Education Requirement: Bachelor’s degree in Quantitative Finance, Financial Engineering, Physics, or Mathematics
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - NY - New York - 1100 Ave Of The Americas - Two Bryant Park (NY1540)
Pay and benefits information
Pay range$99,000.00 - $158,700.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
Benefits
This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
Bank of America Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Bank of America and has not been reviewed or approved by Bank of America.
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Healthcare Strength — Health coverage is described as comprehensive, including medical, dental, and vision plans along with mental health resources, EAP support, and virtual care options. These offerings indicate breadth across preventive care, counseling, and convenient access channels.
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Retirement Support — Retirement benefits include up to a 5% 401(k) company match plus an additional 2% or 3% annual company contribution based on years of service. This structure signals meaningful long-term savings support beyond standard matching.
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Parental & Family Support — Family support features 26 weeks of parental leave, with 16 weeks fully paid for eligible employees, plus programs for fertility, adoption, surrogacy, childcare, and backup care. These resources emphasize support across family-building and caregiving needs.
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What We Do
We make financial lives better for our clients and our communities through the power of every connection. Our employees are at the heart of this purpose, and are key to driving responsible growth. Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.
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