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 an 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 establishing the valuation control methodologies for complex portfolios of instruments and risks. Key responsibilities include price testing, valuation adjustment, and PruVal methodology development determining valuation uncertainty reporting and metrics, monitoring pricing and liquidity risk, and escalating issues. Job expectations include partnering with Product Finance Control teams, Front line , model developers and validation teams, implementing new models, challenging price testing methodologies, and driving the development of new methodologies.
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.
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
Required Qualifications:
- Minimum of 5 years' experience in a large financial services organization performing valuation control, and/or risk management and/or model development
- Bachelor’s degree in Business, Finance, Engineering, Mathematics, Statistics or related field.
- Able 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
Desired Qualifications:
- Experience in creating and enhancing independent product valuation methodologies focused on Credit, 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)
- Knowledge of Prudential Valuation regulation and its implementation
- Programming skills (e.g., python) with ability to design, develop and automate
- Professional communication skills with ability to communicate complex issues in a simple manner especially for senior stakeholders or regulators
- Prior experience influencing and collaborating with stakeholders across functions/divisions.
- Master’s degree in Business, Finance, Engineering, Mathematics, Statistics or related field.
Skills:
- Analytical Thinking
- Attention to Detail
- Data Modeling
- Risk Analytics
- Risk Modeling
- Financial Forecasting and Modeling
- Price Verification and Valuation
- Problem Solving
- Scenario Planning and Analysis
- Business Acumen
- Business Analytics
- Consulting
- Influence
- Reporting
Shift:
1st shift (United States of America)Hours Per Week:
40Pay Transparency details
US - NY - New York - 1100 Ave Of The Americas - Two Bryant Park (NY1540)Pay and benefits informationPay range$169,000.00 - $246,000.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis 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.BenefitsThis 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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