What are the responsibilities and job description for the Valuation Control Group - North America Non Linear Rates - Associate position at JPMorgan Chase?
Valuation Control is organized along business lines including Commercial & Investment Banking (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.
As a Valuation Controller in the VCG Rates team based in NY, you will work with a wide array of Rates products. This role performs critical independent price verification and fair value adjustment processes for our Global Rates portfolio while partnering with cross-functional teams to enhance valuation control frameworks and ensure regulatory compliance. The position involves implementing innovative control tools, reviewing independent pricing processes, and supporting strategic Business, Risk, and Finance initiatives that drive operational efficiency and maintain accurate fair value determination across our Rates operations.
Job Responsibilities:
- Execute price verification/benchmark process, including the calculation of fair value adjustments
- Assist with various Valuation Control Group (VCG) established practices and control initiatives as well as perform necessary work relating to management reporting, regulatory mandates and consistency within the broader VCG framework
- Partner with various functional groups on valuation related issues and develop/implement appropriate measures with the goal of ensuring fair value
- Enhance existing control framework including reviewing independent pricing processes, assessing potential coverage developments and implementing new tools to enhance control efficiency
- Participate in other value-added projects related to Business, Risk, and Finance initiatives
Required Qualifications, Capabilities, and Skills:
- Minimum 5 years of related experience
- 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
- Strong verbal and written communications skills
- Ability to prioritize multiple tasks efficiently
Preferred Qualifications, Capabilities, and Skills:
- Undergraduate degree with finance and economics major preferred
- Graduate degree with finance, economics, mathematics, engineering a plus
- Work experience in financial industry a plus
- Analytical and quantitative aptitude. Candidates with quantitative backgrounds preferred
- Experience with Advanced Excel, PowerPoint, Visual Basic, automation and database skills a plus