Valuation Control Group - North America Credit - Senior Associate

Full job description

JOB DESCRIPTION

You will play a critical role within the Firm and have exposure to senior management, Business heads, Regulators, and both internal and external audit. You will help sets independent pricing and valuation adjustments policies, which will execute & generate results, and then work with Trading to remediate and prevent issues on an ongoing basis.

As a Senior Associate in the Valuation Control Group, you will be responsible for all aspects of the valuation control framework relating to products in credit. You will also be identifying and controlling potential valuation risk concentrations, uncertainty in pricing inputs, and valuation model uncertainty. You will provide insightful analysis using multiple market data sources through advanced analytics platforms. This role will allow you to play a pivotal role in managing the valuation control framework for various products, have the opportunity to identify and control potential valuation risk concentrations, manage pricing input uncertainties, and tackle valuation model uncertainty.

Job Responsibilities:

• Be responsible for all aspects of the valuation control framework for Credit Trading, including independent price verification, valuation and prudent valuation adjustments, valuation adjustments stress and fair value measurement.
• Identify emerging valuation risks and drive methodology enhancements to ensure valuation controls accurately capture market dynamics and opportunities to enhance control efficiency
• Partner with Quantitative Research and Model Review Groups to assess limitations in trading models and implement compensating controls and model limitation adjustments.
• Own the relationship with Front Office and key Finance, technology and Risk partners providing value add analysis on month-end results, illiquid and concentrated valuation positions, revenue from new deals and complex transactions and new products
• Partner and participate in projects within the group and the wider Finance organization together with Front Office, QR and Technology and participate in regulatory exams and address bank’s regulators inquiries

Required qualifications, capabilities and skills:

• 4+ years of experience in valuation, market risk, and related experience
• Must have quantitative aptitude and keen interest in financial markets and traded credit products
• Ability to understand financial products and derivatives valuations
• Critical thinker with sound judgement and ability to challenge constructively
• Curious personality; inclusive; detail oriented; Always looking to improve.
• Strong communication skills and ability to synthesize complex subjects; Good at multi-tasking and prioritization
• Basic Microsoft Office & strong Excel skills

Preferred qualifications, capabilities and skills

• Experience in financial modeling
• Knowledge of data science (e.g. Machine learning), analytics platform (e.g. Alteryx) and data visualization tool (e.g. Tableau) will be advantageous
• Strong analytical abilities and willingness to contribute as part of a high performing team
• Ability to communicate effectively to trading desk and other Finance / Risk functions

ABOUT US

JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

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. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans

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.