US Valuations Governance and Strategy group lead

  • Competitive
  • New York, NY, USA New York NY US
  • Permanent, Full time
  • Bank of America Corporation
  • 24 Sep 18 2018-09-24

US Valuations Governance and Strategy group lead

Job Description:

Manager or Individual contributor responsible for the price testing methodology of complex portfolios of bespoke instruments / risks. Partners with model developers (QSG) and model validation (MRM) teams on the implementation of new models. Challenges price testing methodologies and drives the development of new methodologies as required. Partners with BFC team to ensure that execution of price testing is consistent with methodologies and market condition. Determines appropriate uncertainty reporting and metrics. Monitors pricing and liquidity risk and escalates issues.


  • Manage the US based S&G team.
  • Work with Finance, GVG Methodology and Infrastructure teams, and other groups as necessary, to ensure that BAML has a consistent valuations framework that meets requirements, internal and external, providing effective balance sheet control.
  • Work with Finance, GVG Methodology and Infrastructure teams on valuation control initiatives and strategic projects.
  • Develop and participate in the ongoing review and challenge of GVG/BFO processes and documentation to ensure adherence with governance requirements from the VCG, Valuations Strategy or regulatory requirements.
  • Production, review and analysis of consolidated reporting for:
    • Monthly IPV, VA and Prudent Valuation analysis for senior management, audit and regulators.
    • Consolidated reporting for quarterly regulatory reporting.
  • Develop tactical and strategic solutions to improve the efficiency and accuracy of reporting.
  • Coordinating senior management and regulatory business initiatives to ensure we have cross region and cross LOB consistencies.
  • Set the standards documented in the VCG (Valuation Control Guidance).

Required Skills
• •Previous large, complex financial services organization experiences performing valuation control / risk management / model development with technical product expertise • •Proven management skills with a track record of managing and developing quantitative resources • •Strong leadership skills required; ability to drive strategic vision, as well as develop and implement new governance and control frameworks • •Strong communication skills with ability to communicate complex issues in a simple manner • •6+ years Prior quantitative process/system design, development, and automation project experience working with stakeholders across functions/divisions. • •Minimum of a Bachelor's degree, Masters degree is highly preferred • •Experience across multiple products is preferred, but deep technical expertise in a reduced product set is acceptable if the candidate is expandable. • •Experience of regulatory and senior management interaction.

1st shift (United States of America)

Hours Per Week: