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 a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ wellness, recognizing performance, and making an impact in our communities.
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 near St. Paul’s Cathedral on King Edward Street, featuring modern workspaces, a state-of-the-art auditorium, an onsite restaurant focused on sustainability, a rooftop terrace with views of London, an onsite gym, and a medical centre.
The Team:
Global Valuation Group (GVG) is part of the CFO group within Global Banking and Markets, providing valuation and IPV guidance/support. Valuation Specialists have broad financial markets knowledge, quantitative skills, and programming proficiency, focusing on creating tools to support Valuation Control activities including IPV, Valuation Adjustments, Uncertainty, and Hierarchy.
Responsibilities:
1. Develop and enhance Valuation Control Methodology for Derivatives, including IPV, Valuation Adjustment, Uncertainty, and Hierarchy.
2. Create tools to support Valuation Control activities and market data calibration infrastructure.
3. Utilize financial markets knowledge to understand valuation trends, liquidity, and uncertainty.
4. Collaborate with Quant team and Model Risk Management to improve valuation frameworks.
5. Lead strategic projects on valuation analytics and architecture.
6. Coordinate globally to ensure consistency in Valuation Control execution.
7. Automate workflows to achieve Operational Excellence with end-to-end solutions.
Requirements:
* Knowledge of structured interest rate derivatives for trading, pricing, and risk management, with a broad understanding of cross-asset class products.
* Experience in valuation control, FO tech, or model development within large financial organizations, especially in complex interest rate derivatives.
* Strong analytical and problem-solving skills; proficiency in Python.
* System design and development experience in cross-functional teams.
* Excellent communication skills; ability to simplify complex issues.
* Flexibility to adapt to changing priorities.
* Advanced academic credentials, such as a Master’s or PhD in Quantitative Finance, Financial Engineering, Physics, or Mathematics.
Benefits:
* Private healthcare for you and family, annual health screen, with options for additional screenings.
* Competitive pension, life assurance, and income protection.
* Back-up childcare and adult care services.
* Flexible benefits including wellbeing accounts, travel insurance, and critical illness cover.
* Mental health and wellbeing support services.
* Charitable donation matching through payroll.
* Access to cultural memberships and community volunteering opportunities.
Our Values:
We emphasize good conduct, sound judgment, and individual accountability. We are committed to diversity and equal opportunity, ensuring accessible recruitment processes and encouraging candidates to disclose any adjustment needs.
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