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- Tasks: Develop valuation methodologies and tools for derivatives, focusing on quantitative analysis and automation.
- Company: Join Bank of America, a leader in financial services committed to responsible growth and community impact.
- Benefits: Enjoy private healthcare, flexible benefits, mental health support, and opportunities for community volunteering.
- Why this job: Be part of a diverse team driving innovation in finance while enjoying a vibrant London office atmosphere.
- Qualifications: Master's or PhD in a quantitative field; experience in valuation control and proficiency in Python required.
- Other info: Work in a modern office near St. Paul's Cathedral with access to a rooftop terrace and gym.
The predicted salary is between 43200 - 72000 £ per year.
Rates Valuation Specialist
Bank of America
Bank of AmericaBanking & Financial Services
Rates Valuation Specialist
United Kingdom , LondonApply Now
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 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!
Location Overview:
Our London office is based just a stone\’s throw from the magnificent St. Paul\’s Cathedral on bustling King Edward Street. Here you\’ll find modern workspaces and a state-of-the-art auditorium space. In addition, we\’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.
The Team:
Global Valuation Group (GVG) is part of the Global Banking and Markets CFO group, providing valuation and independent price verification (IPV) guidance/support to Business Finance & Control teams. Valuation Specialists possess broad knowledge of financial markets and products with quantitative background and proficiency in programming. Focus of the role leans towards a quant who can leverage technology to create tools to support Valuation Control activities including IPV, Valuation Adjustments, Valuation Uncertainty and Fair Value Hierarchy.
Responsibilities:
- Develop and enhance Valuation Control Methodology for Derivatives, including IPV, Valuation Adjustment, Valuation Uncertainty and Fair Value Hierarchy
- Create tools to support Valuation Control activities including support and enhancement of market data calibration infrastructure
- Leverage expert knowledge of financial markets, products and consensus data to understand valuation trending, liquidity and uncertainty
- Collaborate with Quant team and Model Risk Management to develop and upgrade valuation control framework as a result of ongoing pricing model consolidation
- Lead strategic projects supporting valuation analytics and architecture
- Coordinate across regions to drive global consistency in Valuation Control execution
- Drive Operational Excellence by automating the workflows with an End-to-End solution
What we are looking for:
- Knowledge of structured interest rate derivatives products for trading, pricing and risk management and broad understanding of cross-asset class products
- Previous experience in large, complex financial services organization performing valuation control / FO tech / model development in complex interest rates derivatives
- Excellent analytical and problem-solving abilities with proficiency in Python
- System design and development experience, working in cross-functional teams
- Excellent written and communication skills with ability to communicate complex issues in a simple manner
- Flexibility to adapt to changing priorities while meeting long-term objectives
- Excellent academic credentials, with a Master\’s or PHD in a quantitative field such as Quantitative Finance, Financial Engineering, Physics or Mathematics
Benefits of working at Bank of America:
UK
- Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
- Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
- 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum
- The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.
- Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
- Access to an Employee Assistance Program for confidential support and help for everyday matters
- Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
- Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK\’s most iconic cultural institutions and exhibitions.
- Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.
Bank of America:
Good conduct and sound judgment is crucial to our long term success. It\’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.
We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.
We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.
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Rates 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 Rates Valuation Specialist
✨Tip Number 1
Familiarise yourself with structured interest rate derivatives and their valuation methodologies. Understanding the nuances of these products will not only help you in interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Brush up on your Python skills, as proficiency in programming is crucial for this position. Consider working on small projects or contributing to open-source initiatives that involve financial modelling or data analysis to showcase your abilities.
✨Tip Number 3
Network with professionals in the finance and valuation sectors. Attend industry events or webinars where you can meet people from Bank of America or similar firms. Building connections can provide valuable insights and potentially lead to referrals.
✨Tip Number 4
Stay updated on current trends in financial markets and valuation practices. Reading relevant publications or following thought leaders on social media can help you engage in informed discussions during interviews, showcasing your knowledge and enthusiasm.
We think you need these skills to ace Rates Valuation Specialist
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the responsibilities of a Rates Valuation Specialist. Emphasise your knowledge of structured interest rate derivatives and any previous roles in valuation control or financial services.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention specific projects or experiences that demonstrate your analytical abilities and proficiency in programming, particularly in Python.
Highlight Your Academic Credentials: Since the position requires excellent academic credentials, ensure you clearly state your qualifications, especially if you hold a Master’s or PhD in a quantitative field. This will help you stand out as a strong candidate.
Showcase Communication Skills: In your application, provide examples of how you've effectively communicated complex issues in a simple manner. This is crucial for the role, so consider including instances where you've collaborated with cross-functional teams.
How to prepare for a job interview at Alliance & Leicester Credit Card
✨Understand the Role
Make sure you have a solid grasp of what a Rates Valuation Specialist does. Familiarise yourself with key responsibilities like valuation control methodology and the tools used in the role. This will help you answer questions confidently and demonstrate your genuine interest.
✨Showcase Your Technical Skills
Since this role requires proficiency in Python and system design, be prepared to discuss your technical experience. Bring examples of past projects where you've used these skills, especially in relation to financial markets or derivatives.
✨Prepare for Behavioural Questions
Expect questions that assess your problem-solving abilities and how you handle changing priorities. Use the STAR method (Situation, Task, Action, Result) to structure your responses, highlighting your analytical skills and adaptability.
✨Research Bank of America
Familiarise yourself with Bank of America's values and culture. Understand their commitment to diversity and inclusion, as well as their approach to Responsible Growth. This knowledge will help you align your answers with the company's ethos during the interview.
