Equities Valuation Specialist

Bank of America; London, North East Derbyshire; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking an Equities Valuation Specialist to join their Global Valuation Group in London. This role offers a unique opportunity to oversee the valuation control framework for Equity Derivatives and Hybrids. You'll collaborate with various stakeholders, enhancing methodologies and automating workflows to achieve operational excellence. This position not only provides a platform for professional growth but also emphasizes a commitment to diversity and inclusion. Join a team that values sound judgment and accountability while making a significant impact in the financial services sector.

Benefits

Private healthcare

Competitive pension

Flexible benefits

Mental health support

Volunteer opportunities

Discounted cultural memberships

Qualifications

• Experience in financial services with valuation control or model development.
• Understanding of global regulatory standards for financial valuations.

Responsibilities

• Develop and enhance Valuation Control Methodology for Equity Derivatives.
• Analyze IPV results and resolve valuation issues with teams.
• Automate workflows for operational excellence.

Skills

Valuation Control

Risk Management

Financial Markets Expertise

Communication Skills

Model Development

Education

Bachelor's Degree

Master's Degree

Job description

Job Description:

Job Title: Equities Valuation Specialist

Corporate Title: Vice President / Director

Location: London

Company Overview:

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 making an impact in the communities we serve.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Location Overview:

Our London office is located near St. Paul’s Cathedral on King Edward Street, featuring modern workspaces, a state-of-the-art auditorium, an onsite restaurant committed to sustainability, a rooftop terrace with views of London, an onsite gym, and a medical centre.

The Team:

This is a fantastic opportunity for an Equity Valuation Specialist to join the Global Valuation Group (GVG) Methodology team at Bank of America. Working within the wider Global Banking and Markets CFO team in London, you will oversee the valuation control framework for the entire inventory within the Equity Derivatives and Hybrids business. The role involves collaboration with multiple stakeholders and offers opportunities in valuation control, data automation, global projects, and leadership development.

Responsibilities:

1. Develop and enhance Valuation Control Methodology for Equity Derivatives, including IPV, Valuation Adjustment, Valuation Uncertainty, and Fair Value Hierarchy.
2. Analyze IPV results and resolve valuation issues with Trading Desk and Business Finance & Control teams.
3. Collaborate with Quant and Model Validation teams to improve model governance, identify limitations, and validate Valuation Adjustment methodologies.
4. Utilize expertise in financial markets, products, and consensus data to understand valuation trends, liquidity, and uncertainty.
5. Partner with Market Risk to develop and improve methodologies for Liquidity Reserve, Close-out-Cost, and Concentration Reserve.
6. Automate workflows to achieve operational excellence through end-to-end solutions.
7. Coordinate with global Valuation teams to ensure consistency in execution, reporting, and governance.
8. Communicate complex valuation findings to Senior Management, Auditors, and Regulators.
9. Mentor junior team members and develop technical skills within the team.

What we are looking for:

1. Experience in large, complex financial services organizations with valuation control, risk management, or model development roles.
2. Expertise in Vanilla and Exotic Equity Derivative pricing models; knowledge of other financial products is a plus.
3. Understanding of current global and regulatory standards related to financial instrument valuations.
4. Excellent written and verbal communication skills, with proven influencing and negotiation abilities.
5. Experience interacting with regulators, auditors, and senior management.
6. Bachelor’s degree required; Master’s degree preferred.

Benefits of working at Bank of America:

• Private healthcare and annual health screening with options for partners.
• Competitive pension, life assurance, and income protection plans.
• Back-up childcare and adult care support.
• Flexible benefits including wellbeing accounts, travel insurance, and critical illness coverage.
• Access to mental health support and virtual GP services.
• Confidential Employee Assistance Program.
• Charitable donation matching via payroll.
• Discounted cultural institution memberships.
• Volunteer opportunities in local communities.

Our Commitment:

We prioritize good conduct, sound judgment, and individual accountability. We are an equal opportunities employer and value diversity. We ensure accessible recruitment processes and welcome candidates to specify any adjustment needs.