Valuations Rates Specialist

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

Job summary

An established industry player is seeking a Valuations Rates Specialist to join their dynamic Global Valuation Group. This exciting role involves supporting valuation and independent price verification for Interest Rates Derivatives, both Vanilla and Exotics. The ideal candidate will leverage their quantitative skills and technical knowledge to enhance valuation methodologies, improve market data calibration, and communicate complex issues to senior stakeholders. Join a company that values collaboration, flexibility, and personal growth, while enjoying modern workspaces and a range of competitive benefits designed to support your well-being.

Benefits

Private healthcare

Annual health screens

Wellness support

Competitive pension

Life assurance

Income protection

Childcare support

Flexible benefits

Mental health resources

Community volunteering opportunities

Qualifications

• Experience in large financial institutions with valuation control.
• Proven leadership in developing quantitative teams.

Responsibilities

• Create and document valuation methodologies.
• Investigate valuation issues and communicate findings.

Skills

Valuation Control

Risk Management

Model Development

Programming Skills

Communication Skills

Education

Bachelor’s Degree

Master’s Degree

Job description

Job Description:

Job Title: Valuations Rates Specialist

Location: London

Corporate Title: Director

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, investing in our teammates and their families, and offering competitive benefits to support their well-being.

Bank of America values collaboration and flexibility, depending on the role. Working here offers opportunities to learn, grow, and make an impact. Join us!

Location Overview:

Our London office is near St. Paul’s Cathedral, featuring modern workspaces, an onsite restaurant with sustainable menus, a rooftop terrace with views, an onsite gym, and a medical centre.

The Team:

This role offers an exciting opportunity for a Valuation Specialist within the Global Valuation Group at Bank of America. You will support valuation and independent price verification for Global Banking and Markets, focusing on Interest Rates Derivatives, both Vanilla and Exotics.

Responsibilities:

1. Create, enhance, and document valuation methodologies.
2. Improve market data calibration methods and participate in model control frameworks.
3. Investigate valuation issues and communicate findings to senior stakeholders.
4. Produce valuation updates and collaborate to enforce valuation controls.
5. Engage in model reviews and calibration, leveraging quantitative skills and understanding of Interest Rates Derivatives pricing and risk management.
6. Communicate complex issues clearly to senior finance, risk, trading stakeholders, and regulators.
7. Possess strong technical knowledge of financial markets and products, with deep quantitative expertise.

What we are looking for:

1. Experience in large, complex financial institutions with valuation control, risk management, or model development, especially in Vanilla and Exotics Interest Rates Derivatives.
2. Proven leadership in supporting and developing quantitative teams.
3. Strong communication skills to explain complex issues simply.
4. Programming skills for automation and development.
5. Experience collaborating across functions and with regulators.
6. Bachelor’s degree required; Master’s preferred.
7. Experience across multiple products is advantageous, with deep expertise in specific areas acceptable.

Benefits of working at Bank of America:

• Private healthcare, annual health screens, and wellness support.
• Competitive pension, life assurance, and income protection.
• Childcare and adult care support.
• Flexible benefits including wellbeing accounts, travel insurance, and critical illness coverage.
• Mental health and wellbeing resources.
• Charity donation matching and cultural memberships.
• Community volunteering opportunities.

Our Commitment:

We prioritize integrity, sound judgment, and accountability. We are an equal opportunity employer, ensuring fair treatment regardless of background or identity. We encourage candidates to inform us of any accessibility needs during the recruitment process.