Rates Valuation Specialist

Alliance & Leicester Credit Card; United Kingdom; On-site; GBP 70,000 - 110,000; Full time

Job summary

A leading financial institution seeks a Rates Valuation Specialist to join their London office. The role involves developing innovative solutions for valuation control across derivatives and requires deep expertise in structured financial products. Candidates should possess strong quantitative skills and relevant experience in financial services, making this a pivotal position for driving excellence in valuation methodologies. This is an opportunity to grow your career in a supportive, inclusive environment with numerous benefits.

Benefits

Private healthcare for you and your family

Competitive pension plan

20 days of back-up childcare

Variety of flexible benefits

Access to mental health resources

Opportunities to volunteer

Qualifications

• Experience in structured interest rate derivatives and valuation control in complex financial environments.
• Proficiency in Python and system design/development within cross-functional teams.

Responsibilities

• Develop and enhance Valuation Control Methodology for Derivatives.
• Create tools to support Valuation Control activities.
• Lead strategic projects supporting valuation analytics.

Skills

Analytical Skills

Problem-Solving

Communication

Flexibility

Quantitative Analysis

Python

Education

Master's or PhD in Quantitative Finance, Financial Engineering, Physics, or Mathematics

Job description

Rates Valuation Specialist

Bank of America

Bank of AmericaBanking & Financial Services

Rates Valuation Specialist

United Kingdom , LondonApply Now

Job Description:

Job Title: Rates Valuation Specialist

Corporate Title: 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 how we make 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 based just a stone's throw from the magnificent St. Paul's Cathedral on bustling King Edward Street. Here you'll find modern workspaces and a state-of-the-art auditorium space. In addition, we're proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

The Team:

Global Valuation Group (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 quantitative background and proficiency in programming. Focus of the role leans towards a quant who can leverage technology to create tools to support Valuation Control activities including IPV, Valuation Adjustments, Valuation Uncertainty and Fair Value Hierarchy.

Responsibilities:

• Develop and enhance Valuation Control Methodology for Derivatives, including IPV, Valuation Adjustment, Valuation Uncertainty and Fair Value Hierarchy
• Create tools to support Valuation Control activities including support and enhancement of market data calibration infrastructure
• Leverage expert knowledge of financial markets, products and consensus data to understand valuation trending, liquidity and uncertainty
• Collaborate with Quant team and Model Risk Management to develop and upgrade valuation control framework as a result of ongoing pricing model consolidation
• Lead strategic projects supporting valuation analytics and architecture
• Coordinate across regions to drive global consistency in Valuation Control execution
• Drive Operational Excellence by automating the workflows with an End-to-End solution

What we are looking for:

• Knowledge of structured interest rate derivatives products for trading, pricing and risk management and broad understanding of cross-asset class products
• Previous experience in large, complex financial services organization performing valuation control / FO tech / model development in complex interest rates derivatives
• Excellent analytical and problem-solving abilities with proficiency in Python
• System design and development experience, working in cross-functional teams
• Excellent written and communication skills with ability to communicate complex issues in a simple manner
• Flexibility to adapt to changing priorities while meeting long-term objectives
• Excellent academic credentials, with a Master's or PHD in a quantitative field such as Quantitative Finance, Financial Engineering, Physics or Mathematics

Benefits of working at Bank of America:

UK

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
• 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum
• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.
• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
• Access to an Employee Assistance Program for confidential support and help for everyday matters
• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK's most iconic cultural institutions and exhibitions.
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

Bank of America:

Good conduct and sound judgment is crucial to our long term success. It's important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

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