JPMorgan Chase & Co,
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
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
all instruments to independent data sources, typically consensus data.
Fair Value Adjustments to bring mid-prices to Fair Value, to reflect
illiquidity, concentration and/or uncertainty
methodologies for Price-testing and Fair Value Adjustments
Approximately Loaded trades in conjunction with Middle Office and the Model
Valuation Issues to Senior Business and Finance stakeholders
and implements Fair Value Hierarchy for the classification of instruments
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
Responsibilities will include
Oversee the Executing a price
verification/benchmark process including the calculation of fair value
Partnering with clients on the trading desk,
and her/his colleagues in the valuation group in executing projects/monthly
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
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
JPMorgan Chase & Co,
Website : http://www.jpmorganchase.com
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: