Manager Hyderabad, India;Saki-naka,Andheri E **To proceed with your application, you must be at least 18 years of age.** Acknowledge Refer a friend **To proceed with your application, you must be at least 18 years of age.** Acknowledge (https://ghr.wd1.myworkdayjobs.com/lateral-ba\_continuum/job/Hyderabad/Manager\_25033740) **Job Description:** **Overview (Bank overview, GBS India overview, Function Overview)*** Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees can achieve their goals. We are a part of the Global Business Services which delivers technology and operations capabilities to all Bank of America lines of business (LOB) and enterprise functions. Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses, and institutional investors we serve worldwide. * BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank. **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. **Job Description*** IPV Center of Excellence forms part of the GBAM CFO Group and is a control and business advisory function to the business. The team’s work primarily covers valuation controls for various asset classes eg Rates, Credit, FX, Equities with a dynamic book of work providing opportunities to make improvements to our work through varied project work. We are looking to recruit an individual to work in the valuations control area for one of the above-mentioned asset classes covering the Global Markets Trading desks. The candidate’s main responsibility will be to produce and deliver 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 good 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 at least 4+ yrs. experience or Graduate in Commerce with 5+ years of relevant experience in Valuation Controls 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*** 4+ years of experience in Global Markets Valuation Control role **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 PM to 9 PM IST (EMEA Shift) **Job Location*** Mumbai/ Gurugram 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, 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 "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.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 . Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work. 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.