At a Glance
- Tasks: Manage valuation control frameworks for equity derivatives and collaborate with various teams.
- Company: Join Bank of America, a leading global financial institution committed to diversity and inclusion.
- Benefits: Enjoy comprehensive healthcare, flexible benefits, and mental health support.
- Why this job: Make a meaningful impact while developing your expertise in a dynamic environment.
- Qualifications: Experience in valuation control or risk management; Bachelor's degree required, Master's preferred.
- Other info: Mentorship opportunities available to help you grow your career.
The predicted salary is between 43200 - 72000 £ per year.
We are seeking an Equities Valuation Specialist to join our team in London. This role is at the Vice President / Director level within our Global Valuation Group (GVG) Methodology team. The successful candidate will be responsible for managing valuation control frameworks for equity derivatives and hybrids, collaborating with multiple stakeholders including trading, finance, risk, and external regulators.
Responsibilities:
- Develop and improve valuation control methodologies for equity derivatives, including IPV, valuation adjustments, and fair value hierarchies.
- Address valuation issues through deep analysis of IPV results in partnership with trading desks and finance teams.
- Enhance model governance by working with quantitative and model validation teams, and validate valuation adjustments.
- Leverage market knowledge to understand valuation trends, liquidity, and uncertainties.
- Collaborate with market risk teams to develop methodologies for liquidity reserves and other valuation reserves.
- Automate workflows to improve operational efficiency.
- Ensure global consistency in valuation control processes and reporting.
- Communicate complex valuation findings to senior management, auditors, and regulators.
- Mentor junior team members and develop technical expertise within the team.
Qualifications:
- Experience in valuation control, risk management, or model development within large financial institutions.
- Expertise in vanilla and exotic equity derivatives and their pricing models; knowledge of other financial products is a plus.
- Understanding of global regulatory standards related to financial instrument valuation.
- Excellent communication, influencing, and negotiation skills.
- Experience in engaging with regulators, auditors, and senior management.
- Bachelor's degree required; Master's degree preferred.
Benefits:
- Comprehensive healthcare, pension, life assurance, and income protection.
- Childcare support and flexible benefits including wellbeing programs.
- Mental health and wellbeing support services.
- Charity donation matching, cultural memberships, and volunteering opportunities.
Our Commitment:
Bank of America is committed to diversity, inclusion, and ethical conduct. We ensure fair treatment in our recruitment process and provide accessible opportunities for all candidates. Join us to build a rewarding career and make a meaningful impact.
Equities Valuation Specialist employer: Alliance & Leicester Credit Card
Contact Detail:
Alliance & Leicester Credit Card Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Equities Valuation Specialist
✨Tip Number 1
Familiarise yourself with the latest trends in equity derivatives and valuation methodologies. Being well-versed in current market conditions and regulatory standards will help you stand out during discussions with interviewers.
✨Tip Number 2
Network with professionals in the banking and financial services sector, especially those working in valuation control or risk management. Building connections can provide valuable insights and potentially lead to referrals for the position.
✨Tip Number 3
Prepare to discuss specific valuation challenges you've faced in previous roles. Highlighting your analytical skills and problem-solving abilities will demonstrate your capability to handle the responsibilities of the Equities Valuation Specialist role.
✨Tip Number 4
Showcase your communication skills by practising how to explain complex valuation concepts clearly and concisely. This is crucial as you'll need to communicate findings to senior management and regulators effectively.
We think you need these skills to ace Equities Valuation Specialist
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and qualifications required for the Equities Valuation Specialist position. Tailor your application to highlight relevant experience in valuation control and risk management.
Highlight Relevant Experience: In your CV and cover letter, emphasise your expertise in equity derivatives and any experience with valuation methodologies. Use specific examples to demonstrate your skills in managing valuation frameworks and collaborating with stakeholders.
Showcase Communication Skills: Since the role involves communicating complex valuation findings, ensure your application reflects strong communication skills. Provide examples of how you've effectively communicated with senior management or regulators in previous roles.
Tailor Your Cover Letter: Craft a personalised cover letter that addresses why you're interested in the position at Bank of America specifically. Mention their commitment to diversity and inclusion, and how your values align with theirs.
How to prepare for a job interview at Alliance & Leicester Credit Card
✨Know Your Valuation Methodologies
Make sure you have a solid understanding of valuation control methodologies, especially for equity derivatives. Be prepared to discuss your experience with IPV, valuation adjustments, and fair value hierarchies, as these are crucial for the role.
✨Showcase Your Analytical Skills
During the interview, highlight your ability to analyse complex valuation issues. Use specific examples from your past experiences where you successfully addressed valuation challenges in collaboration with trading desks or finance teams.
✨Demonstrate Communication Skills
Since the role involves communicating complex findings to senior management and regulators, practice articulating your thoughts clearly and concisely. Prepare to explain technical concepts in a way that is accessible to non-experts.
✨Prepare for Regulatory Discussions
Familiarise yourself with global regulatory standards related to financial instrument valuation. Be ready to discuss how you have engaged with regulators and auditors in the past, showcasing your understanding of compliance and governance.