Vice President - Senior Finance Analyst - Valuations

  • Competitive
  • Hong Kong
  • Permanent, Full time
  • Bank Of America / Merrill Lynch
  • 19 Oct 17 2017-10-19

Vice President - Senior Finance Analyst - Valuations

Job Description:
About Bank of America Merrill Lynch:

Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 40 countries. In the U.S alone, we serve almost all Fortune 500 companies and approximately 59 million consumers and small-business customers. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.

Connecting Asia Pacific to the World
Our Asia Pacific team is spread across 23 offices in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region's leading financial services companies.
Bank of America Merrill Lynch is committed to attracting, recruiting and retaining top diverse talent from across the globe. Our diversity and inclusion mission is to actively promote an inclusive work environment where all employees have the opportunity to achieve personal success and contribute to the growth of our business. Each of our global Employee Networks bring together employees, create dialogue and awareness in support of our Diversity and Inclusion.

Position Description
The APAC Global Valuation Group (GVG) team at Bank of America Merrill Lynch provides valuation and independent price verification (IPV) support to the APAC Global Markets Businesses, covering Equities, Rates, FX, and Credit lines of business. Given we are a cross asset class group we are open to those with backgrounds in any of these products, multiple product experience is an asset.

Key Responsibilities

  • Define the methodology for IPV and associated Liquidity/Model/Deal Specific Valuation Adjustments (VA) for any given product or risk (including regular methodology reviews and advice on re-calibrations) - knowledge of XVA's are a plus.
  • Create the standard process via system or spreadsheet on how to execute the methodology in line with compliance requirements
  • Perform reviews and approval of all market data constructions, functions and models used in production to value transactions
  • Review and Challenge the IPV processes conducted by Business Finance and Control (BFC)
  • Review of material new deals and changes to models and market data configurations
  • Assist with implementation of strategic projects, such as key risk management and system enhancements
  • Working closely with Traders, Market Risk Management, Model Risk Management, FO Quants, BFC, senior managers on new product, model development, model sign-off etc.
  • Define Fair Value Hierarchy categorization and justification and create the framework of a given product, risk, or portfolio as appropriate
  • Define Liquidity (covered/non-covered) and create the framework of a given product, risk, or portfolio as appropriate

Key Requirements
  • 5 years of Financial Modeling experience or equivalent
  • 5+ years of derivatives valuation and independent price verification experience
  • Working knowledge of MS Office applications including VBA, MarkIT, Reuters, Bloomberg.
  • Demonstrate ability to interact with personnel at all levels of a Top tier Financial Organization
  • Desired University degree in Finance, Engineering, Mathematics or related degree. Post-graduate university degree (MFE or PhD preferred)
  • Computer Programming Skills - Python
  • FRM/CPA/CFA/ACA

Bank of America Merrill Lynch is an equal opportunities employer.

Posting Date: 04/10/2017
Location:
Hong Kong, , CHEUNG KONG CENTER, 2 QUEEN'S RD,
- Hong Kong

Full / Part-time: Full time
Hours Per Week: 40