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Job Summary
The Valuation Control Group (VCG) is organized along business lines including Corporate & Investment Bank (Macro Products, Credit, Equities, Securitized Products, IB Risk), CIO, Treasury & Corporate (CTC), Asset Management, Consumer & Community Banking (CCB) and Commercial Banking (CB). Clients of the group include senior management, business heads, regulators, and both internal and external audit. Our Valuation Control team is responsible for executing the price verification process and partnering with various functional groups on valuation issues. The role is advertised as VP but experienced Associate would also be considered.
As a member of a Team covering Valuation control of the XVA desks you will be responsible for the oversight of the Differential Discounting Business. The role will allow direct interaction with the trading desk, Market Risk, MGG, and P&L controllers on a regular basis. You will be overseeing junior members of the Team in another location. The role will require expertise in interest-rate products and an understanding of Differential Discounting. Experience in a similar Valuation, Product Control or Risk role would be a benefit. The role is based in London.
Job Responsibilities
- Executes price verification/benchmark process including the calculation of fair value adjustments
- Assists with various VCG-established practices and control initiatives as well as performs necessary work relating to management reporting, regulatory mandates, and consistency within the broader VCG framework
- Partners with various functional groups on valuation-related issues and develop/implement appropriate measures with the goal of ensuring fair value
- Enhances existing control framework including reviewing independent pricing processes, assessing potential coverage developments, and implementing new tools to enhance control efficiency
- Leads value-added projects related to Business, Risk, and Finance initiatives
Required qualifications, capabilities, and skills
- Relevant previous work experience, in the financial industry is a plus
- Undergraduate degree with finance and economics major preferred
- Graduate degree with finance, economics, mathematics, and engineering a plus
- Ability to understand complex products, and analyze transaction and process flows
- Understanding of valuation concepts as they pertain to financial products and derivatives, basic accounting knowledge
- Analytical and quantitative aptitude. Candidates with quantitative backgrounds preferred
- Strong verbal and written communications skills
- Experience with Advanced Excel, PowerPoint, Visual Basic, automation, and database skills a plus
- Ability to prioritize multiple tasks efficiently
About Us
J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals, and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal-opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.
About the Team
Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we’re setting our businesses, clients, customers, and employees up for success.
Global Finance & Business Management works to strategically manage capital, drive growth and efficiencies, maintain financial reporting and proactively manage risk. By providing information, analysis, and recommendations to improve results and drive decisions, teams ensure the company can navigate all types of market conditions while protecting our fortress balance sheet.
For further information, and to apply, please visit our website via the “Apply” button below.
