Valuation Rates Specialist jobs at Bank Of America in France

Job Description:

Job Title:Valuation Rates Specialist

Director

Responsibilities:

• Create, enhance and document independent product valuation methodologies

• Enhance market data calibration methodologies and participates to the model control framework

• Perform in deep dive of valuation issues and communicate findings to senior stakeholders

• Produce valuation updates and partner with business to enforce valuation control

• Involvement with model review and market data calibration. You would leverage a combination of quantitative knowledge of financial markets and products with a practical understanding of Interest Rates Derivatives pricing and risk management suitable for critically evaluating the results of control procedures applied

• Interaction with senior Finance, Risk, and Trading Stakeholders as well as a Regulator focus. You should be able to clearly communicate highly detailed issues, process, and results to senior stakeholders, business, control partners, regulators and internal/external auditors. Will be able to develop and guide an independent, but constructive, relationship with business and control partners

• You will possess excellent technical knowledge of financial markets and products within multiple markets sectors that should be complemented with deep quantitative experience necessary to critically evaluate the results of control procedures applied.

• Valuation Specialists possess broad knowledge of financial markets, products, and quantitative theory

What we are looking for:

• Previous large, complex financial services organization experiences performing valuation control / risk management / model development with technical Vanilla and Exotics Interest Rates Derivatives expertise

• Proven management skills with evidence of supporting and developing quantitative resources

• Positive team leading skills required; ability to drive strategic vision, as well as develop and implement new governance and control frameworks

• Professional communication skills with ability to communicate complex issues in a simple manner

• Programming skills with ability to design, develop and automate

• Prior experience influencing and collaborating with stakeholders across functions/divisions

• Experience of regulatory and senior management interaction

• Minimum of a Bachelor’s degree, Master’s degree is highly preferred

• Experience across multiple products is preferred, but deep technical experience in a reduced product set is acceptable if you are expandable

France

• Competitive retirement plan in addition to State plans

• Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.

• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers

• Life and disability insurance

• Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later

• Reimbursement of 50% of your commuter pass

• Nursery scheme for children under age 3

• Works council benefits

• Access to an Employee Assistance Programme for confidential support and help for everyday matters

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities

• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

Job Title:Compliance & Operational Risk Specialist – Data Risk Management

Vice President

Responsibilities:

Key responsibilities include ensuring requirements of the Global Compliance Enterprise Policy, the Operational Risk Management Enterprise Policy (collectively “the Policies”), the Compliance and Operational Risk Management Program and Standard Operating Procedures are implemented and identifying, challenging, escalating, and mitigating risks in a timely manner.

• Supports the development of independent risk management monitoring and testing activities to assess Data Risk in Bank of America's International businesses.

• Contributes to development of risk coverage plans and execution of independent risk monitoring, testing and risk assessments

• Assists in the development of independent risk management reporting for respective area(s) of coverage as input into governance and management routines

• Assists with the development, maintenance and oversight of policies and standards to ensure regulatory and operational risk requirements are appropriately addressed

• Assess and monitor adherence to BCBS 239 data risk principles and compliance requirements

• Evaluate existing risk data aggregation frameworks (including policy, standards, playbooks and procedures) and methodologies for compliance

• Review data architecture and governance structures against regulatory standards

• Conduct independent assessment of Data Management governance structures and controls

• Provide expert guidance to front line units/control functions on data risk compliance requirements

• Prepare comprehensive compliance reports for senior management and regulatory bodies

• Identify compliance gaps related to data risk and recommend remediation actions

• Challenge first line activities and ensure proper controls are in place

• Monitors the regulatory environment to identify regulatory changes applicable to Data-related legislation

• Assists in identifying, aggregating, reporting, escalating, inspecting and challenging remediation plans, and performing thematic analysis on issues and control enhancements

• Assists in remediating COR “owned” issues and control enhancements

• Reviews and challenges the Single Process Inventory (SPI) and FLU/CF Risk & Control Self-Assessment (RCSA)

• Assists with the development of risk metrics, monitors related performance and breach remediation

• Support audits and regulatory reviews by preparing documentation and responding to data risk and compliance related queries

What we are looking for:

• Demonstrable experience working in regulated industries (e.g. banking, financial services) with complex data environments

• Experience in a 2nd line function

• Excellent understanding of BCBS 239 principles and compliance assessment methodology

• Familiarity with industry-standard tools and technologies for data aggregation, reporting and data quality management

• Experience in evaluating risk data aggregation and reporting processes

• Strong understanding of data architecture principles, data lineage and data management best practices

• Proven analytical skills with ability to assess complex data structures and identify compliance issues

• Excellent written and verbal communication skills to articulate compliance viewpoint and findings to various stakeholders

• Logical thinker with excellent technical skills

• A flexible and solution oriented perspective, and a determination and desire to find answers to complex issues

• Ability to work collaboratively across functions and manage multiple priorities in a dynamic environment

• Intellectual curiosity – approaches each day with a curious mindset; effectively uses inquiry to uncover facts and circumstances; consistently applies critical thinking.

France

• Competitive retirement plan in addition to State plans

• Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.

• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers

• Life and disability insurance

• Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later

• Reimbursement of 50% of your commuter pass

• Nursery scheme for children under age 3

• Works council benefits

• Access to an Employee Assistance Programme for confidential support and help for everyday matters

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities

• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

The EMEA Regulatory Compensation team is responsible for ensuring that the Bankcompensation policies and practices comply with applicable EMEA regulatory requirements.This includes monitoring any new regulatory developments, working in partnership with a wide range of stakeholders internally to implement new requirements, and reporting to EMEA regulators and remuneration committees as appropriate. The EMEA Regulatorycompensation rules.

The role of the EU Regulatory Compensation Specialist (SVP) is to primarily ensurecompliance with EU and France remuneration regulations applicable to the Bank’s France-based entities, as well as to manage France-specific compensation governance and process activities.

Responsibilities will include:
Providing advisory on all France-related regulatory compensation matters
Monitoring and managing the implementation of any new remuneration regulatoryrequirements applicable to the Bank’s French entities
Managing the preparation of local remuneration committee papers and contributing toremuneration committee chair briefings (this will include presenting updates to theremuneration committee chair as appropriate)Participating to local regulatory exams and to meetings with French and EU regulators asappropriate
Preparing and/or reviewing France remuneration policy disclosures and submissions
Supporting the annual review of the remuneration policies, practices and frameworksapplicable to France (this will include managing the annual review of the France MaterialRisk Taker identification framework)
As part of the above, working in close partnership with local senior management and localheads of control functions

Managing the administration of France mandatory and non-mandatory profit sharingschemes
Ensuring appropriate governance and controls, and documentation of internal complianceassessments

Contribute to broader EMEA and global Compensation and Benefits projects

Experience of compensation practices within a large multinational financial servicesfirm.
Experience with EU financial services compensation regulations
Ability to take initiative and drive deliverables; excellent project management andorganisational skills

Ability to work in a matrix environment, manage multiple stakeholders simultaneouslyand escalate as appropriate
Exceptional attention to detail
Highly proficient in Microsoft Excel and comfortable managing large and complexdatasets
Excellent analytical and problem-solving abilities
Excellent communication skills, with ability to summarise and articulate complexlegislation / process / data into easily understood information.

Proficient in other Microsoft applications (Powerpoint, Word).
Commercial acumen.

France

• Competitive retirement plan in addition to State plans
• Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.
• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers
• Life and disability insurance
• Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later
• Reimbursement of 50% of your commuter pass
• Nursery scheme for children under age 3
• Works council benefits
• Access to an Employee Assistance Programme for confidential support and help for everyday matters
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities
• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

Job Description:

Job Title:Compliance and Operational Risk Specialist

Vice President

Responsibilities:

Key responsibilities include ensuring requirements of the Global Compliance Enterprise Policy, the Operational Risk Management Enterprise Policy (collectively “the Policies”), the Compliance and Operational Risk Management Program and Standard Operating Procedures are implemented and identifying, challenging, escalating, and mitigating risks in a timely manner.

• Supports the development of independent risk management monitoring and testing activities to assess Data Risk in Bank of America's International businesses.

• Contributes to development of risk coverage plans and execution of independent risk monitoring, testing and risk assessments

• Assists in the development of independent risk management reporting for respective area(s) of coverage as input into governance and management routines

• Assists with the development, maintenance and oversight of policies and standards to ensure regulatory and operational risk requirements are appropriately addressed

• Assess and monitor adherence to BCBS 239 data risk principles and compliance requirements

• Evaluate existing risk data aggregation frameworks (including policy, standards, playbooks and procedures) and methodologies for compliance

• Review data architecture and governance structures against regulatory standards

• Conduct independent assessment of Data Management governance structures and controls

• Provide expert guidance to front line units/control functions on data risk compliance requirements

• Prepare comprehensive compliance reports for senior management and regulatory bodies

• Identify compliance gaps related to data risk and recommend remediation actions

• Challenge first line activities and ensure proper controls are in place

• Monitors the regulatory environment to identify regulatory changes applicable to Data-related legislation

• Assists in identifying, aggregating, reporting, escalating, inspecting and challenging remediation plans, and performing thematic analysis on issues and control enhancements

• Assists in remediating COR “owned” issues and control enhancements

• Reviews and challenges the Single Process Inventory (SPI) and FLU/CF Risk & Control Self-Assessment (RCSA)

• Assists with the development of risk metrics, monitors related performance and breach remediation

• Support audits and regulatory reviews by preparing documentation and responding to data risk and compliance related queries

What we are looking for:

• Demonstrable experience working in regulated industries (e.g. banking, financial services) with complex data environments

• Experience in a 2nd line function

• Excellent understanding of BCBS 239 principles and compliance assessment methodology

• Familiarity with industry-standard tools and technologies for data aggregation, reporting and data quality management

• Experience in evaluating risk data aggregation and reporting processes

• Strong understanding of data architecture principles, data lineage and data management best practices

• Proven analytical skills with ability to assess complex data structures and identify compliance issues

• Excellent written and verbal communication skills to articulate compliance viewpoint and findings to various stakeholders

• Logical thinker with excellent technical skills

• A flexible and solution oriented perspective, and a determination and desire to find answers to complex issues

• Ability to work collaboratively across functions and manage multiple priorities in a dynamic environment

• Intellectual curiosity – approaches each day with a curious mindset; effectively uses inquiry to uncover facts and circumstances; consistently applies critical thinking.

France

• Competitive retirement plan in addition to State plans

• Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.

• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers

• Life and disability insurance

• Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later

• Reimbursement of 50% of your commuter pass

• Nursery scheme for children under age 3

• Works council benefits

• Access to an Employee Assistance Programme for confidential support and help for everyday matters

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities

• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

AVP/VP

Responsibilities:

• Assist in assessing risks, associated controls and their effectiveness, while driving compliance with applicable laws, rules, and regulations, adherence to policies, and developing reporting and documentation.

• Engage in activities to provide support to the Compliance & Operational Risk team to provide compliance and operational risk oversight of Front Line Unit or Control Function performance.

• Assist in identifying and escalating problems or issues that arise and drive actions to address the root causes that result in compliance risk issues and/or operational risk losses.

• Assist with investigation of escalated trade surveillance alerts and continual enhancement of the trade surveillance program elements.

• Assist in the development of risk management reporting for respective area(s) of coverage as input into management routines.

• Conduct monitoring and provide independent review of the Front Line Unit.

• Assist in responding to trading venue and regulatory inquiries, and other audits and/or examinations.

• Apply knowledge of the regulatory environment and applying regulatory changes to area(s) of coverage.

What we are looking for:

• A versatile, confident individual with relevant work experience in a front-office/Markets Compliance team.

• Ability to engage and communicate confidently and professionally with Trading and Sales teams, and with other internal stakeholders.

• Knowledge of relevant EU and US regulations, including but not limited to MiFID II, MAR, Dodd Frank, Volcker.

• Ability to interpret relevant laws, rules and regulations.

• Excellent communication skills, good English language skills are essential.

Skills that will help:

• Ability to work in a high-energy and demanding environment, taking care of multiple deliverables.

France

• Competitive retirement plan in addition to State plans

• Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.

• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers

• Life and disability insurance

• Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later

• Reimbursement of 50% of your commuter pass

• Nursery scheme for children under age 3

• Works council benefits

• Access to an Employee Assistance Programme for confidential support and help for everyday matters

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities

• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

Job Description:

Job Title:International Financial Risk Specialist

Corporate Title:Up to VP

is responsible for overseeing the management of all three EFR risk typesat the local entity levelin concert with Horizontal specialists. This role will support the team in execution of the related risk program requirements.

Role Description:

As part of the Legal Entity team, you will assist in providing effective review & challenge across the three EFR risk types and providing risk insights to local stakeholders (Chief Risk Officer, CFO group, local senior management and regulators) as well as the EFR management team.

Key components of the financial risk management program include:

• appropriate risk identification across Lines of Business activities.
• contribution to, as well as review & challenge of, key local regulatory deliverables.
• research and analysis to support production of periodic governance reporting and topical deep dives. Establishment and maintenance of risk monitoring processes including implementation and ongoing calibration of limits and metrics including Board Level Risk Appetite Limits for the entity.
• contribute to ongoing maintenance of core risk program elements such as Risk policies, Financial & Contingency Funding Plans, New Product Reviews, etc.
• assisting with internal audits and regulatory exams and managing related issues when they arise.

This role reports functionally to the International EFR Executive with a local reporting line into the Head of Legal Entity EFR for the Paris office.

Responsibilities:

• Act as a trusted partner with local risk teams, global EFR teammates and local 1st & 2nd line teams.
• Support the effective review and challenge of business and CFO activities in relation to financial risk generation and control.
• You will be responsible for entity specific metrics (metric population, limit calibration, ongoing monitoring). Escalate to senior stakeholders as appropriate.
• Contribute to local working groups and governance committees and act as a risk subject matter specialist for the 3 risk types.
• Contribute to regulatory deliverables (ICAAP, ILAAP, recovery plans, Funding and Liquidity Management Strategy) as appropriate, and provide a Risk POV to local governance bodies.
• Assist with Liquidity and IRR policies refreshes and support presentation to the Board. Also assist in enforcing the requirements in said policies.
• Contribute to various local and global activities and communications, including weekly updates, team achievements, periodic reporting and select deep-dives

What we are looking for:

• The successful candidate will need to have a strong teamwork mindset to be able to effectively support the team across a broad range of financial topics.
• You will have a natural curiosity and desire to learn and grow your financial skill set in a risk management context within a Trading environment. This will require learning agility to accurately interpret, understand and evaluate a variety of risks across multiple risk types and interconnectivity between risk types
• You will have effective technical and analytical skills (financial data and written reports).
• Previous experience of Treasury, Finance / Accounting or Risk Management desirable but given the junior nature of the role, relevant parallel experience will be considered.
• Talks and writes in a clear, concise, organized, and convincing manner for the intended audience.
• You will be comfortable multi-tasking across a broad range of topics and conscious of the importance of adhering to deadlines, often on sensitive regulatory deliverables.
• English required, French optional.
• Communication- Can articulately paint pictures & visions of possibilities and likelihoods. Ability to communicate with SMEs as well.

France

• Competitive retirement plan in addition to State plans

• Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.

• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers

• Life and disability insurance

• Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later

• Reimbursement of 50% of your commuter pass

• Nursery scheme for children under age 3

• Works council benefits

• Access to an Employee Assistance Programme for confidential support and help for everyday matters

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities

• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):

• Healthcare (medical, dental, vision)

• Basic term and optional term life insurance

• Short-term and long-term disability

• Pregnancy disability and parental leave

• 401(k) and employer-funded retirement plan

• Paid vacation (from two to five weeks depending on salary grade and tenure)

• Up to 11 paid holiday opportunities

• Adoption assistance

• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the .

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.