Senior Manager Gurugram, India **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/GURUGRAM-HARYANA/Senior-Manager\_25036148-1) **Job Description:** **About us*** At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us! Global Business Services Global Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery model and globally resilient operations. Global Business Services is recognized for flawless execution, sound risk management, operational resiliency, operational excellence and innovation. In India, we are present in five locations and operate as BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services. **Process Overview*** GVG Governance and Strategy is responsible for oversight of valuation framework and reporting, ensuring that changes and updates to the regulatory and internal environment are understood and implemented effectively and consistently across LOB’s. Independent valuations is one of the primary controls to ensure accurate and consistent marking of transactions the bank has on its books. GVG is a cross product and cross region function within the CFO function that is responsible for governance, oversight, challenge, development and enhancement work around the valuations framework. The valuations framework includes: • Independent Price Verification (IPV): Which is the process of comparing internal prices and parameters used to mark position valuations to a corresponding set of independently verifiable external prices and parameters. • Valuation Adjustments (VA’s): Which are balance sheet adjustments taken to reflect: o The close out costs of positions o Model deficiencies or approximate bookings that may cause material mismarks of positions. • Coordinating regular regulatory disclosures. Including, amongst others, Prudent Valuation, Fair Value Hierarchy. • Regulatory and Management Reporting GVG itself is split into three functions: • Strategy and Governance: Lead on valuation control initiatives and consolidated reporting. Responsible for coordinating implementation of changes and updates to the regulatory environment. • Methodology: Review, challenge and development of methodologies used in valuations. • Infrastructure Development: Development of technology initiatives related to valuations **Job Description*** GVG Governance and Strategy responsibilities include: • 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: o Monthly IPV, VA and Prudent Valuation analysis for senior management, audit and regulators. o Consolidated reporting for quarterly regulatory reporting. • Develop tactical and strategic solutions to improve the efficiency and accuracy of reporting. • Set the standards documented in the VCG (Valuation Control Guidance) **Responsibilities*** We are looking for an individual to join the India Valuations Governance and Strategy group which sits within the CFO Global Valuations Group (GVG). • Contribute to the team’s daily, monthly and quarterly processes • Communicate effectively & escalate issues to senior management in a timely and thorough manner • Takes full ownership of assigned deliverables. • Focuses on front to back understanding of the business. • Effectively manages expectations of stakeholders. • Working with management to action process and technology initiatives across GVG • Identify areas of process improvement and coordinate the execution of the same **Requirements*** **Education*** Postgraduate degree or accounting qualification (e.g. C.A./ MBA Finance) Certifications If Any (FRM or CFA) Certifications If Any **Experience Range*** 6-8 years with at least 2+ years’ experience in Valuation Control role **Foundational skills*** • Industry, Finance or Product Control experience • Good understanding of financial markets, Derivatives & financial products • Proven experience of providing thought leadership to overcome challenges • Strong verbal and written communication skills, and the personal ability to collaborate, operate, and communicate effectively with a culturally diverse group of peers and colleagues. • Demonstrated ability to work in a global matrix organization and significantly multi-geography, multi-cultural offshore service delivery environment. **Desired skills** • Must be proactive and be a highly-motivated self-starter • Ability to work in a fast paced dynamic environment • Ability to analyze issues independently and drive solutions • Working knowledge of Bloomberg a plus. • Ability of multi task. • Tableau/Workiva/VBA skills **Work Timings*** 11:30am to 8:30pm **Job Location*** 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. 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.