Bank of America India | Senior Manager

Responsibilities

• The team is also responsible for running valuation controls to ensure fair value of balance sheet in accordance with internal valuation methodology and regulatory requirements.
• Additionally, the team also calculates relevant valuation adjustments including adjustments for illiquidity, concentration, model limitations etc. as applicable.
• The team is also responsible for calculating and reporting prudential valuation adjustments on a quarterly basis.
• The team works closely with front office, middle office, traders, valuation control and methodology (GVG) teams to drive the control agenda across the business.
• The team’s work primarily covers valuation controls for various asset classes across Global Banking and Markets, with a dynamic book of work providing opportunities to centralize, enhance and implement best practices for global valuation routines.
• The candidate’s main responsibility will be to perform Independent Price Verification, Valuation Adjustments, Prudent Valuations and Fair Value Hierarchy assessment, providing a high standard of analysis and explanation.
• 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.
• 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.
• Takes initiative and challenges existing processes and procedures in a proactive manner
• Work Timings : 12:30 PM to 9:30 PM IST

Requirements

• Working with the Global Valuation Group to ensure ongoing review & enhancement of valuation control methodologies and practices.
• Advanced education and/or enhanced technical qualifications are a plus.
• Ability to use Access or VBA would enhance the candidate’s attractiveness significantly.
• Experience Range : 7+ years of experience in Global Markets Valuation Control or similar roles.
• Alteryx / Tableau / Python knowledge would be an added advantage.
• Candidate must have a proven track record of communicating effectively with personnel from various areas within an organization and at different management levels.
• Must be proactive and be a highly motivated self-starter.
• Effective communication skills with English proficiency.
• Ability to analyze issues independently and derive solutions.
• Inherent sense of principles of control through experience and sound judgment.
• CFA / FRM certified candidates would be preferred.

Bank of America

Bank of America is one of the largest banks in the United States, serving individuals, businesses and institutions with banking, investing, asset management and risk-management products.

Its Indian operations and technology centres support the global bank. Finance professionals typically work in operations, financial reporting, regulatory, risk and audit roles.

• Industry: Banking and financial services
• Headquarters: Charlotte, North Carolina, USA
• In India: Corporate and investment banking, plus operations and technology centres in Mumbai, Hyderabad, Chennai and GIFT City (Gandhinagar)