About us 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 One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world We re devoted to being a diverse and inclusive workplace for everyone We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical emotional and financial well-being Bank of America believes both in the importance of working together and offering flexibility to our employees We use a multi-faceted approach for flexibility depending on the various roles in our organization Working at Bank of America will give you a great career with opportunities to learn grow and make an impact along with the power to make a difference Join us Global Business Services Global Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed globally integrated delivery model and globally resilient operations Global Business Services is recognized for flawless execution sound risk management operational resiliency operational excellence and innovation In India we are present in five locations and operate as BA Continuum India Private Limited BACI a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services Process Overview Global Markets Business Finance Control BF C is a division of Global Banking Markets GBAM Finance responsible for the production and independent validation of Global Markets profit and loss and balance sheet The team is also responsible for running valuation controls to ensure fair value of balance sheet in accordance with internal valuation methodology and regulatory requirements This includes independent price verification of both vanilla securities derivatives and complex illiquid assets such as exotic derivatives and distressed assets Additionally the team also calculates relevant valuation adjustments including adjustments for illiquidity concentration model limitations etc as applicable The team is also responsible for calculating and reporting prudential valuation adjustments on a quarterly basis The team works closely with front office middle office traders valuation control and methodology GVG teams to drive the control agenda across the business IPV Center of Excellence forms part of the GBAM CFO Group and is a control and business advisory function The team s work primarily covers valuation controls for various asset classes across Global Banking and Markets with a dynamic book of work providing opportunities to centralize enhance and implement best practices for global valuation routines We are looking to recruit an individual to work in the valuations control area for one of the asset classes within FICC Micro Rates FX Commodities FICC Macro Credit Mortgages Munis XVA Equities businesses in Global Markets The candidate s main responsibility will be to perform Independent Price Verification Valuation Adjustments Prudent Valuations and Fair Value Hierarchy assessment providing a high standard of analysis and explanation The candidate will therefore have considerable interaction with the respective Front Office Finance and Global Valuations Group GVG teams so valuable communication and time management skills are an essential requirement for this job The team is also encouraged to take part in employee engagement and diversity and inclusion initiatives to help continue to make Bank of America a great place to work Responsibilities Performing the calculation and analysis of valuation controls including IPV valuation adjustments and prudent valuation adjustments as well as ownership for Fair Value Hierarchy levelling Working with the Global Valuation Group to ensure ongoing review enhancement of valuation control methodologies and practices Ensuring procedure documents are accurate and up to date Assisting in the streamlining and enhancement valuation processes and becoming actively involved with system development ranging from technical enhancements and new product releases to automation of existing processes Engaging with the key stakeholders including Front Line Units A strong understanding of valuation controls regulatory rules and governance including Independent Price Verification Valuation Adjustments and Prudential Valuation Requirements Education Qualified Chartered Accountant CPA CFA MBA from Tier I II institute with relevant experience in Valuation Control or Global Markets environment and organization of similar scale with US GAAP IFRS IAS reporting framework with an interest and aptitude for derivative products Certifications If Any CFA FRM certified candidates would be preferred Advanced education and or enhanced technical qualifications are a plus Ability to use Access or VBA would enhance the candidate s attractiveness significantly Experience Range 7 years of experience in Global Markets Valuation Control or similar roles Foundational skills Alteryx Tableau Python knowledge would be an added advantage Have the awareness to escalate potential issues to their supervisor in a timely manner Candidate must have a proven track record of communicating effectively with personnel from various areas within an organization and at different management levels Must be proactive and be a highly motivated self-starter Desired skills Effective communication skills with English proficiency Demonstrated ability to work in a high-pressure environment Takes initiative and challenges existing processes and procedures in a proactive manner Strong team player Ability to analyze issues independently and derive solutions Analytical skills Inherent sense of principles of control through experience and sound judgment Reliability Work Timings 12 30 PM to 9 30 PM IST Job Location Mumbai Gurugram

📌 Senior Manager (Haryana)
🏢 Bank Of America
📍 Haryana