Valuation Analyst - CFO/ Global Banking & Markets/ Mortgages Price Verification

Bank of America; New York (NY); On-site; USD 99,000 - 159,000; Full time

Job summary

A leading financial institution seeks a Valuation Analyst to join the Global Banking and Markets CFO Group. You will focus on mortgage backed securities and loans, ensuring rigorous valuation methodologies and risk assessments. The position requires a solid background in financial markets and quantitative skills.

Benefits

Industry-leading benefits

Paid time off

Discretionary incentive eligibility

Qualifications

• Minimum 3 years of banking or financial industry experience.
• Familiar with MBS/ABS/CMBS.
• Experience with financial valuation theory and methodologies.

Responsibilities

• Verify trader valuations for securities and loans.
• Develop valuation methodologies and monitoring tools.
• Monitor pricing dynamics and ensure valuation consistency.

Skills

Analytical Thinking

Attention to Detail

Risk Analytics

Problem Solving

Financial Forecasting and Modeling

Education

Bachelor’s degree in Finance, Computer Science, Physics, Math, or Data Science

Job description

Job Description:

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!

Job Description:

The Global Banking and Markets CFO Group has an opening for a Valuation Analyst in the Mortgages Price Verification Group. The PVG team is responsible for developing and maintaining valuation methodology, tools and techniques used in independent price verification and fair value assessment. As a valuation analyst, you will contribute to the development and implementation of the independent price verification of mortgage backed securities and loans.

This job is responsible for analyzing the price testing methodology of complex instruments and risks. Key responsibilities include partnering with Product Finance, Technology and Risk teams to develop valuation control methodologies and tools and, monitoring the valuation and pricing risk of portfolios. Job expectations include monitoring market liquidity, pricing dynamics of traded instruments and inherent risks, and ensuring valuation methodology is consistent with risk replication, trading and hedging strategies and, leveraging understanding of the operations of valuation models.

Responsibilities:

• Verify trader valuations for Mortgage Backed, Asset Backed and/or Commercial Mortgage Backed Securities and loans

• Partner with Global Valuations Group, Quantitative Strategies Group, Markets Technology and Market Risk to enhance current IPV methods

• Research, develop and incorporate existing and emerging market data sources into IPV processes with a focus on fair value and understanding valuation uncertainty

• Identify, prioritize, refine and execute on business requirements that add value, improve the firm’s control infrastructure and analytical tool

• Serve as an SME in product knowledge for mortgage backed securities and loans trading

• Responsible for the price testing methodology of complex instruments / risks. Works with Global Valuations Group, Quantitative Strategies Group and Technology teams to develop valuation control methodologies and tools

• Actively monitors the valuation / pricing risk of these portfolios. Understands the liquidity of the market and pricing dynamics of the traded instruments and risks

• Ensures that valuation methodology is consistent with risk replication and trading / hedging strategy. Understands the operation of valuation models at detail level

• Valuation Analysts possess broad knowledge of financial markets and products with a quantitative background and programming skills

Required Qualifications:

• Minimum 3 years of banking or financial industry experience

• Familiar with MBS/ABS/CMBS

• Experience with financial valuation theory, methodologies and applications

Desired Qualifications:

• Bachelor’s degree in Finance, Computer Science, Physics, Math, or Data Science

Skills:

• Analytical Thinking

• Attention to Detail

• Data Modeling

• Risk Analytics

• Risk Modeling

• Business Acumen

• Financial Forecasting and Modeling

• Price Verification and Valuation

• Problem Solving

• Scenario Planning and Analysis

• Business Analytics

• Consulting

• Influence

• Reporting

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - NY - New York - 1100 Ave Of The Americas - Two Bryant Park (NY1540) Pay and benefits information Pay range $99,000.00 - $158,700.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. Benefits This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.