Job description

Requirements

  • Entry level
  • No Education
  • Salary to negotiate
  • HONG KONG

Description

Job Description:

About Bank of America Merrill Lynch:

Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 40 countries. In the U.S alone, we serve almost all Fortune 500 companies and approximately 59 million consumers and small-business customers. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.

                      

Connecting Asia Pacific to the World

Our Asia Pacific team is spread across 23 offices in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region’s leading financial services companies.

Bank of America Merrill Lynch is committed to attracting, recruiting and retaining top diverse talent from across the globe. Our diversity and inclusion mission is to actively promote an inclusive work environment where all employees have the opportunity to achieve personal success and contribute to the growth of our business. Each of our global Employee Networks bring together employees, create dialogue and awareness in support of our Diversity and Inclusion mission.

Bank of America Merrill Lynch is an equal opportunities employer.

Position Description

The APAC FICC team carries out the Business Finance and Control function in support of the regional LOB trading businesses primarily in Emerging Markets, Credit & Special Situations and Rates.

APAC GCSS Finance would like to hire an experienced valuations professional to support the APAC Distressed businesses. . The team is comprised of experienced and motivated professionals who are highly regarded by senior management and control partners, providing a center of expertise for valuation methodologies and appropriate reporting of these as well as communicating to and informing senior management around valuation issues in their businesses.

Key Responsibilities

Verify trader valuations across different distressed asset classes, which will include both quantitative and qualitative assessments. Finance is expected to understand all pricing model inputs, pricing systems, theory, and expected capital markets execution.  Finance will create its own inputs and pricing models in order to qualitatively and quantitatively assess valuation assumptions
Perform independent price verification and working with the business and Global Valuation Group on valuation related issues
New transaction review and substantiation as part of the due diligence process
Communicate opinions and recommendations to the traders and senior management.  Finance is responsible for communicating conclusions and recommendations to the desk on the back of an analysis. In addition, it is often called upon by senior management to summarize, at a moment’s notice, all pricing methodology
Implement systematic pricing processes, which needs to be set up in such a manner that they can be replicated over periods, give the ability to compare results with prior periods, and be doable by more than one member of the team
Deliver all pricing work in a timing matter, there will be periods of time where a large number of valuations will absolutely need to get done in a short time period
Produce high quality work as all price review work must be well-written and work must be presented to the candidate’s manager and front office in a clear and concise format
Seek improvement in existing processes, which should continually be refined.  All processes must be self-audited on a regular basis, and this audit should make it clear to management where improvements are needed, suggestions for solving the weakness, and expected timeframes to put improvements in place
Ability to lead, the candidate should be able to drive processes as well as provide guidance to more junior members of the team
Key Requirements

Our vision is to be credible business advisors, flawless at the basics, and relentless focus on operational excellence and controls.

The business is constantly evolving and moving into new

About the company

Bank of America is one of the world's largest financial institutions, serving individuals, 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. The company serves approximately 56 million U.S. consumer and small business relationships. It is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading.

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