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Senior Finance Manager - PVG Americas Methodology

Bank of America


Location:
New York, NY
Date:
03/26/2017
Job Code:
bankofamerica-16013738NewYorkNY
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Job Details

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Company Bank of America

Job Title Senior Finance Manager - PVG Americas Methodology

Jobid bankofamerica-16013738NewYorkNY

Location: New York, NY, 10176, USA

Description **Job Description:**



Sr Finance Manager PVG



Specific Description



Manager of the Americas valuations team within GBAM Finance: Responsible for the development, supervision and oversight of valuation control processes for all products within the Global Markets Line of Business. Coverage will include XVA, Rates, Credit, Equity and Commodity products. Candidate will cover valuation control methodology including reserves / valuation adjustments, model governance compliance, fair value hierarchy, counterparty valuation control and reporting.



The role is methodology and governance focused and Includes the development of policies, procedures and control processes. Candidate will manage a team of quantitative focused valuation staff.



Strong communication skills are required as well as technical capacity. Interaction with senior Finance, Risk and Trading management as well a regulator focus. Candidate should be able to clearly communicate issues, process and results to senior management, business management, control partners, regulators and internal and external auditors. Must be able to develop and manage an independent, but constructive, relationship with senior level business management. Senior Product Valuation Controllers possess industry leading technical knowledge of financial markets and products within multiple markets sector that should be complemented with deep quantitative expertise necessary to critically evaluate the results of control procedures applied.



+ Oversee regional Product Methodology approaches and implementation, and ensure consistency across products and regions.

+ Provide SOX and Audit feedback on valuation component(s) when requested by Finance partners

+ Drive cross training of staff within GVG across product lines.

+ Drive training of Finance team and other staff on products and market practices.

+ Opine on revenue recognition and the valuation control aspects of complex transactions as required



General Description:



Responsible for the development, supervision and oversight of valuation control processes for all products within a Global Markets Line of Business. Includes the development of policies, procedures and control processes and delegating/managing a team of valuation control professionals as appropriate. Broad focus across all valuation control processes which include IPV, valuation adjustments, fair value hierarchy classification, counterparty valuation control and valuation reporting. Able to clearly communicate results of procedures applied to senior management, business management, control partners, regulators and internal and external auditors. Must be able to develop and manage an independent, but constructive, relationship with senior level business management. Senior Product Valuation Controllers possess industry leading technical knowledge of financial markets and products within a given market sector that should be complemented with deep quantitative expertise necessary to critically evaluate the results of control procedures applied.



Required Skills/Experiences



+ Previous large, complex financial services organization experiences performing Valuation control / Risk Management / Model Development technical product experience

+ Proven management skills with a track record of managing and developing quantitative resources

+ Strong communication skills with ability to communicate complex issues in a simple manner

+ Prior management experiences working key internal and external key stakeholders

+ Minimum of a Bachelors degree, Master degree is highly preferred



Desired Skills/Experiences:



+ Experience across multiple products is preferred, but deep technical expertise is a reduced product set is acceptable if the candidate is expandable.

+ Experience of regulatory and senior management interaction



**Posting Date** : 12/21/2016



**Location** : US-NY-New York



**Travel** : Yes, 10% of the time



**Full / Part-time** : Full time



**Hours Per Week** : 40



**Shift** : 1st shift



**Assistance for Applicants with Disabilities**



Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the Applicants with Disabilities page at http://careers.bankofamerica.com/us/applicants-with-disabilities .



**Diversity & Inclusion**



At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.



**Frequently Asked Questions**



Need to know how to apply online, view a list of your submitted job applications or reset your password? Visit our FAQ at http://careers.bankofamerica.com/us/faq section for answers to these questions and more.



Success begins with building relationships.

At Bank of America, our customers are at the center of everything we do. Our focus is on helping each one find the right financial solutions. With a wide range of career opportunities available, we invite you to realize your career goals with us while assisting customers with what matters most to them.

Welcome to Careers at Bank of America.


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