Corporate Controllers - Valuation Control Group NA Rates - Associate Corporate Controllers - Valuation Control Group NA  …

à New York, NY, États-Unis
CDI, Plein-temps
Soyez parmi les premiers à postuler
à New York, NY, États-Unis
CDI, Plein-temps
Soyez parmi les premiers à postuler
Corporate Controllers - Valuation Control Group NA Rates - Associate
Firmwide Valuation Control Group (VCG) is an independent group within Finance whose primaryresponsibility is to ensure that the firm's risk portfolios are fairly valued. Thisinvolves an independent assessment of both where traders are marking their riskand any required adjustments to get to exit price. As well as ensuring the accurate valuation offair valued portfolios, VCG is also a key component of cross functionalinitiatives such as CCAR and Recovery and Resolution.

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

VCG is organized along business lines such as theInvestment Bank and Mortgage Bank and sub business lines such as Rates Flow andExotics.

VCG NA Non-LinearRates team is seeking an Associate to be based in New York. The candidate willwork with a wide array of Interest Rates products (Interest RatesCaps/Floors/Swaptions, Bermudans, Yield Curve Spread Options, and other exoticsstructures).

Key responsibilities:
  • Play a key role in Price Testing & Fair ValueAdjustments validation for NA Non-Linear Rates business
  • Own the relationship between the trading desk andVCG and actively interact with key finance, technology and risk partnersthroughout the firm
  • Lead discussions with Trading and Management duringregional and desk-level risk meetings
  • Enhance existing control framework includingcontinuously improving independent pricing processes, assessing potentialcoverage developments, ensuring that the current framework captures theeconomic reality of the valuation risks and implementing new tools to enhancecontrol efficiency
  • Provide advice on valuation issues related to largeconcentration, revenue on new deals/complex transactions, review non-standardor structured trades and new products
  • Partner with Quantitative Research (QR) and ModelReview groups to address any model limitations
  • Work on key projects for the Finance organizationtogether with the Front Office, QR and Technology
  • Participate in regulatory exams and bank'sregulators inquiries
  • Responsible for the delivery and professionaldevelopment of a team of valuation experts, mentor junior members and createpositive work environment

The role requires agood understanding and keen interest in financial markets, combined with stronganalytical abilities, clear verbal and written communication skills andwillingness to contribute as part of a high performing team. The candidateshould have the following core competencies:

  • Degree in quantitative discipline such asMathematics, Physics or Economics (Graduate degree preferred)
  • Expertise in financial products and derivativesvaluation. Understanding of macroeconomic and political developments and theirimpact on financial markets, in particular Rates and FX
  • Strong commitment to learn and operate in a fastchanging environment by prioritizing effectively to meet objectives
  • Excellent written and verbal communication skillsand ability to communicate in a clear and concise manner
  • Attention to detail and strong control mindset -challenge constructively, handle disputes, negotiate with traders while upholdingthe control framework
  • Ability to efficiently deal with and drawconclusions from large amounts of data (excellent Excel skills are required,VBA/SQL is preferred). Strong technical capabilities in order to leadinfrastructure enhancements
  • Solid project management skills are essential, beingable to reach consensus across varying levels of seniority and to driveinitiatives to completion effectively
  • Superior logic and problem solving through creativethinking
  • Prior management experience is required as well as highemotional intelligence - working well with others, displaying confidence and apositive attitude

Diversityand Inclusion

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