Valuation Analyst

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

Job summary

An established industry player is seeking a Valuations Specialist to enhance valuation control frameworks and ensure compliance with regulatory standards. This role involves presenting results to senior stakeholders, collaborating with finance teams, and maintaining governance protocols. The ideal candidate will have a strong background in risk management and valuation control within large financial organizations. Join a dynamic team that values inclusivity and offers a range of competitive benefits, including private healthcare and flexible working options, to support your professional growth and well-being.

Benefits

Private Healthcare

Competitive Pension

Life Assurance

Flexible Benefits

Emotional Wellbeing Support

Volunteer Opportunities

Cultural Memberships

Childcare Support

Qualifications

• Experience in valuation control or product control within financial organizations.
• Knowledge of regulatory environments around Fair Value and Prudential Valuation.

Responsibilities

• Present monthly valuation control results to senior stakeholders.
• Liaise with Regulators and Auditors regarding valuation controls.
• Develop governance frameworks for compliance with policies.

Skills

Valuation Control

Risk Management

Regulatory Compliance

Communication Skills

Negotiation Skills

Attention to Detail

Stakeholder Management

Adaptability

Education

Bachelor's Degree

Master's Degree

Job description

Job Description:

Job Title: Valuations Specialist

Location: London

Corporate Title: Vice President

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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities, and shareholders every day.

We are committed to being a diverse and inclusive workplace, hiring individuals from broad backgrounds and investing in our teammates and their families through competitive benefits supporting physical, emotional, and financial well-being.

Bank of America values teamwork and flexibility, offering a multifaceted approach depending on roles within our organization.

Joining us provides opportunities to learn, grow, and make an impact, with the power to make a difference. Join us!

Location Overview:

Our London office is 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.

Responsibilities:

1. Present monthly valuation control results to senior stakeholders including FLU, Risk Managers, QSG.
2. Partner with Business Finance Control (BFC) to review and challenge valuation control results.
3. Liaise with Regulators and Auditors regarding valuation controls.
4. Ensure timely remediation of regulatory issues, audit findings, and reporting.
5. Maintain governance frameworks and protocols for valuation risk reporting.
6. Review and update valuation control policies and documentation.
7. Develop governance, frameworks, and metrics for compliance with policies and regulations.
8. Enhance efficiency, consistency, and accuracy of valuation controls across asset classes.
9. Collaborate with BFC, GVG Methodology, and others to ensure a consistent valuation framework.
10. Build and maintain relationships with quantitative groups for model governance.
11. Lead or contribute to projects improving valuation control frameworks.

What We Are Looking For:

• Experience in valuation control, risk management, or product control within large financial organizations.
• Knowledge of valuation control frameworks and processes.
• Understanding of regulatory and reporting environments around Fair Value and Prudential Valuation.
• Experience interacting with regulators and auditors, providing guidance on controls.
• Excellent communication, influencing, and negotiation skills.
• Ability to work under tight deadlines and attention to detail.
• Ability to work independently and make appropriate decisions.
• Willingness to learn and operate outside comfort zones.
• Experience influencing senior stakeholders across functions.
• Adaptability to changing priorities.
• Minimum of a Bachelor's degree; a Master’s degree is preferred.

Benefits of Working at Bank of America:

UK:

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

Our Commitment:

We prioritize good conduct, sound judgment, and individual accountability. We are an equal opportunities employer, committed to accessible recruitment processes and encouraging candidates to disclose any adjustment needs.