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Corporate Controllers - Valuation Control Group Investor Services amp Collateral Vice President

Company name
JPMorgan Chase & Co,

Location
New York City, NY

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Corporate Controllers - Valuation Control Group, Investor Services & Collateral, Vice President','170106769','!*!JPMorgan Chase

& Co. (NYSE: JPM) is a

leading global financial services firm with assets of $2.5 trillion and

operations worldwide. The firm is a leader in investment banking, financial

services for consumers and small business, commercial banking, financial

transaction processing, and asset management. A component of the Dow Jones

Industrial Average, JPMorgan Chase & Co. serves millions of consumers in

the United States and many of the world's most prominent corporate,

institutional and government clients under its J.P. Morgan and Chase brands.

Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.Our

Group

The Valuation Control Group (VCG) has

Firm-wide ownership of the policies for Independent Price Verification and Fair

Value Adjustments for all traded instruments to ensure that the Firm’s risk

positions reflect Fair Market Valuation. In this respect, VCG does the

following:

Price-tests

all instruments to independent data sources, typically consensus data.

Implements

Fair Value Adjustments to bring mid-prices to Fair Value, to reflect

illiquidity, concentration and/or uncertainty

Develops

methodologies for Price-testing and Fair Value Adjustments

Reviews

Approximately Loaded trades in conjunction with Middle Office and the Model

Governance groups

Escalates

Valuation Issues to Senior Business and Finance stakeholders

Defines

and implements Fair Value Hierarchy for the classification of instruments

Our

team

The

Investor Services team in VCG is responsible for Valuation Control for all market-related

Investor Services desks, globally.  The team

covers the global Repo market-making business as well as Prime Finance.

Valuation of derivatives (Repos, Reverse Repos, Bond forwards, TRS, IR swap,

XXCY swaps, swaptions, equity swaps, equity options) will be the main focus. The

team is spread across three locations (New York, London and Bengaluru) and has

7 members; its sister team, covering Collateral valuation for the Firm has 5

members. 

Responsibilities will include

Oversee the Executing a price

verification/benchmark process including the calculation of fair value

adjustments.

Partnering with clients on the trading desk,

and her/his colleagues in the valuation group in executing projects/monthly

valuation.

Working with Trading, Middle Office, Finance

and Model Review to continually monitor the various valuation risks of the

business and implement appropriate adjustments.

Analysis of Markets, P&L & Risk on a

daily basis with understanding of the factors that drive the valuation risk.

Enhance existing control framework including

reviewing independent pricing processes, assessing potential coverage

developments and implementing new tools to enhance control efficiency.

Provide business advisory on valuation issues

related to large concentrations, revenue on new deals/complex transactions.

Other value-added projects related to

Business, Risk, and Finance initiatives.

','!*!

Experience in financial sector as well as

experience in derivative pricing (Fixed Income and Equities).

Specific knowledge in collateral securities

(RMBS, Corp, Sovereign) desirables.Ability to understand risk dimensions of Repo

transactions such as Haircut, counterparty risk, collateral, margining or wrong

way riskiness.Ability to analyze transaction and process

flows.

Experience working with traders a plus.

Understanding of valuation concepts as they

pertain to financial products/derivatives.

Some accounting knowledge desirable. Analytical and quantitative aptitude.

Candidates with quantitative backgrounds preferred.

Strong verbal and written communications

skills.  Ability to explain complex concepts.

Advanced Excel and PowerPoint skills. 

Experience with Visual Basic, automation and database skills a plus.  Propensity to handle multiple tasks

simultaneously and efficiently.

','JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.','Finance','US-NY-New York-383 Madison / 41039','','CORPORATE SECTOR','Full-time','Standard','Day Job','','','JPMorgan Chase & Co.','JPMorgan Chase & Co.','','','Corporate Controllers - Valuation Control Group, Investor Services & Collateral, Vice President

Company info

JPMorgan Chase & Co,
Website : http://www.jpmorganchase.com

Company Profile
JPMorgan Chase (NYSE: JPM) is one of the oldest financial institutions in the United States. With a history dating back over 200 years, here's where we stand today: JPMorgan Chase (NYSE: JPM) is one of the oldest financial institutions in the United States. With a history dating back over 200 years, here's where we stand today:

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