Apply Now    

EMEA Corporate Controllers – Valuation Control Group – Credit – VP

Req #: 180024382
Location: London, ENG, UK
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 3500 Pound Sterling (GBP)

About J.P. Morgan

J.P. Morgan is a leader in financial services, working in collaboration across the globe to deliver the best solutions and advice to meet our clients’ needs, anywhere in the world.  We operate in 150 countries, and hold leadership positions across our businesses.  We have an exceptional team of employees who work hard to do the right thing for our clients and the firm, every day.  This is why we are one of the most respected financial institutions in the world – and why we can offer you an outstanding career.


Business Description:

Valuation Control Group (VCG) is an independent group within Finance whose primary responsibility is to ensure that the firm’s risk portfolios are fairly valued.  The group sets independent pricing and reserve policies.  VCG highlights concentrations in risk or uncertainties in parameter inputs and works with the trading desk, quantitative groups, Market Risk, MGG and the P&L controllers to fully understand the risk. In addition, VCG is responsible for, or involved in, the review of approximately loaded trades, high level risk / P&L analysis, approval of new products, and model releases.


VCG is organized along business lines including, IB Risk, Credit, Rates, Equities, Emerging Markets, Securitized Products, Principal Investments  FX & Commodities.  Clients of the group include senior management, business heads, regulators, and both internal and external audit.  The group also works closely with the Trading desk, CFOs, Market Risk, Middle Office, QR and MGG to ensure a complete understanding of business issues and the accurate execution of valuation policy.


Job Description:

The candidate will be a member of the Valuation Control Group covering Global Credit Trading business. The role will allow direct interaction with the trading desk, Market Risk, MGG and P&L controllers on a regular basis. Products covered include both vanilla (eg single name CDS, index CDS, corporate bond) and exotic credit products (eg credit contingent FX swaps, leveraged CLN, financing trades and other non-standard transactions). The emphasis of the position is on exotic products. The role is based in London.


Key responsibilities:

·         Owning the end-to-end month end process – performance of price testing and valuation adjustment calculations, analyzing and challenging the results, dealing with FO challenges, communicating the results to Controllers, FO, VCG Management

·         In-depth understanding of Valuation Policies, Standards and Procedures

·         Dealing with ad-hoc requests related price testing and valuation adjustments

·         Owning the relationship between the trading desk and valuation group

·         Training and guiding the on-shore and off-shore team. Liaising with other VCG line of business representatives globally

·         Building new / improving existing excel-based tools; working with Tech on developing automated solutions

·         Collaborating with other counterparts (FO, MR, QR, Finance) on new / large / complex transactions; providing advice on valuation for non-standard risks / trades

·         Review of new model releases / approximately loaded transactions and their impact on valuation

·         Analysis of Markets, P&L and Risk on a daily basis with understanding of the factors that drive valuation and risk; discussing recent market events and valuation issues with the wider VCG group

·         Working with Trading, Middle Office, Finance, QR and Model Review to continually monitor the various valuation risks of the business and implement appropriate adjustments

·         Other regulatory driven and strategic projects specific to Credit as well as across the bank

Preferred Qualifications

·         Experience of credit products or in a Valuation /Finance/Risk-related field. 

·         Analytical and quantitative aptitude. Candidates with quantitative backgrounds preferred.

·         Knowledge of credit products/markets, including derivative products, risk and valuation preferred

·         Ability to understand complex products, and analyze transaction and process flows

·         Experience working with trading desks.

·         Understanding of valuation concepts as they pertain to financial products/derivatives, some accounting knowledge

·         Strong control mindset

·         Strong verbal and written communications skills. Must have the ability to lead discussions with all levels of management, be comfortable discussing issues with Trading / Senior Management.   Ability to explain complex concepts

·         Very good Excel and Power-point skills; experience with Visual Basic or database skills helpful.

·         Propensity to handle multiple tasks simultaneously and efficiently.

·         Experience with project management

Apply Now    

Join our Talent Community

Not ready to apply? Leave your information with us and we will keep you up to date with new career opportunities.

Things to note

Sign in to our application system to continue your job search or update your profile.

Current employees sign in here. Contractors sign in here.

Any information you provide is confidential and will only be viewed by our recruiters in an effort to fill open positions. In addition, the information you provide is subject to our privacy policy practices.

Please note that J.P. Morgan will not accept unsolicited approaches or speculative CVs, nor will J.P. Morgan be responsible for any related fees, from Third Party Firms who are not preferred suppliers.

The firm invites all interested and qualified candidates to apply for employment opportunities.

Need disability related assistance?

If you are a US or Canadian applicant with a disability who is unable to use our online tools to search and apply for jobs, please click here.

Important links

Click here to view the "EEO is the Law" poster.

Click here to view the "EEO is the Law" supplemental poster.

Click here to view our U.S. Pay Transparency Policy.

JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.