Corporate Controllers - Valuation Control Group NA Rates - Associate

Employment Type

: Full-Time

Industry

: Accounting



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Firmwide Valuation Control Group (VCG) is an independent group within Finance whose primary
responsibility is to ensure that the firm s risk portfolios are fairly valued. This
involves an independent assessment of both where traders are marking their risk
and any required adjustments to get to exit price. As well as ensuring the accurate valuation of
fair valued portfolios, VCG is also a key component of cross functional
initiatives such as CCAR and Recovery and Resolution.

VCG covers risk across the whole of
the liquidity spectrum and adopts customized approaches accordingly. Cutting edge technology is used to price test
the more liquid risk on a daily basis whilst in depth analysis and market
expertise are required to cover the less liquid and structured positions. In order to achieve this, VCG needs to work
closely with stakeholders across the firm, including Traders, Risk, CFOs and
Controllers.

VCG is organized along business lines such as the
Investment Bank and Mortgage Bank and sub business lines such as Rates Flow and
Exotics.

Job
Description
VCG NA Non-Linear
Rates team is seeking an Associate to be based in New York. The candidate will
work with a wide array of Interest Rates products (Interest Rates
Caps/Floors/Swaptions, Bermudans, Yield Curve Spread Options, and other exotics
structures).

Key responsibilities:
Play a key role in Price Testing & Fair Value
Adjustments validation for NA Non-Linear Rates businessOwn the relationship between the trading desk and
VCG and actively interact with key finance, technology and risk partners
throughout the firm Lead discussions with Trading and Management during
regional and desk-level risk meetingsEnhance existing control framework including
continuously improving independent pricing processes, assessing potential
coverage developments, ensuring that the current framework captures the
economic reality of the valuation risks and implementing new tools to enhance
control efficiencyProvide advice on valuation issues related to large
concentration, revenue on new deals/complex transactions, review non-standard
or structured trades and new productsPartner with Quantitative Research (QR) and Model
Review groups to address any model limitationsWork on key projects for the Finance organization
together with the Front Office, QR and TechnologyParticipate in regulatory exams and bank s
regulators inquiriesResponsible for the delivery and professional
development of a team of valuation experts, mentor junior members and create
positive work environment
The role requires a
good understanding and keen interest in financial markets, combined with strong
analytical abilities, clear verbal and written communication skills and
willingness to contribute as part of a high performing team. The candidate
should have the following core competencies:

Degree in quantitative discipline such as
Mathematics, Physics or Economics (Graduate degree preferred)Expertise in financial products and derivatives
valuation. Understanding of macroeconomic and political developments and their
impact on financial markets, in particular Rates and FXStrong commitment to learn and operate in a fast
changing environment by prioritizing effectively to meet objectivesExcellent written and verbal communication skills
and ability to communicate in a clear and concise manner Attention to detail and strong control mindset -
challenge constructively, handle disputes, negotiate with traders while upholding
the control frameworkAbility to efficiently deal with and draw
conclusions from large amounts of data (excellent Excel skills are required,
VBA/SQL is preferred). Strong technical capabilities in order to lead
infrastructure enhancements Solid project management skills are essential, being
able to reach consensus across varying levels of seniority and to drive
initiatives to completion effectivelySuperior logic and problem solving through creative
thinkingPrior management experience is required as well as high
emotional intelligence - working well with others, displaying confidence and a
positive attitude

Diversity
and Inclusion

Cultural sensitivity and understanding is a must in
our business. In J.P. Morgan we are serious about making diversity a central
part of our culture and ensuring it is at the core of how we do business as we
believe diversity is the key to achieving our business objectives

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