Valuation Analyst - Global Banking and Markets
Bank of America
Valuation Analyst - Global Banking and Markets
New York, New York
**Job Description:**
**Job Description**
The Global Banking and Markets CFO Group has an opening for a Valuation Analyst in the Mortgages Price Verification Group. The PVG team is responsible for developing and maintaining valuation methodology, tools and techniques used in independent price verification and fair value assessment. As a valuation analyst, you will contribute to the development and implementation of the independent price verification of mortgage backed securities and loans.
**Key Responsibilities:**
+ Verify trader valuations for Mortgage Backed, Asset Backed and/or Commercial Mortgage Backed Securities and loans
+ Partner with Global Valuations Group, Quantitative Strategies Group, Markets Technology and Market Risk to enhance current IPV methods
+ Research, develop and incorporate existing and emerging market data sources into IPV processes with a focus on fair value and understanding valuation uncertainty
+ Identify, prioritize, refine and execute on business requirements that add value, improve the firm’s control infrastructure and analytical tool
+ Serve as an SME in product knowledge for mortgage backed securities and loans trading
**Enterprise Role Overview**
+ Responsible for the price testing methodology of complex instruments / risks. Works with Global Valuations Group, Quantitative Strategies Group and Technology teams to develop valuation control methodologies and tools.
+ Actively monitors the valuation / pricing risk of these portfolios. Understands the liquidity of the market and pricing dynamics of the traded instruments and risks.
+ Ensures that valuation methodology is consistent with risk replication and trading / hedging strategy. Understands the operation of valuation models at detail level.
+ Valuation Analysts possess broad knowledge of financial markets and products with a quantitative background and programming skills.
**Required Qualifications:**
+ Minimum 3 years' relevant experience.
+ Experience with MBS/ABS/CMBS.
+ Experience with financial valuation theory, methodologies and applications.
**Desired Qualifications:**
+ Bachelor’s degree in Finance, Computer Science, Physics, Math, Data Science or a related field.
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .
To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) .
View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .
Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
Confirm your E-mail: Send Email
All Jobs from Bank of America