Apply Now    

Corporate Controllers – Valuation Control Group- Equities – VP

Req #: 180031757
Location: London, ENG, UK
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 3500 Pound Sterling (GBP)
Corporate Controllers – VCG Equities – Vice President – London
 
Firmwide Valuation Control Group (VCG) is an independent control group which works with the business to ensure that the Firm’s risk positions on the Books and Records reflect Fair Market Value. In this respect VCG:
  • Price-tests all instruments independently, typically using consensus or broker data
  • Implements Fair Value Adjustments, to bring mid prices to “exit value”, to reflect illiquidity, concentration or uncertainty
  • Develops methodologies for Price testing and Fair Value Adjustments
  • Reviews trades for controls on material model risk or approximations in conjunction with Quantitative Research and Model Review groups
  • Escalates Valuation Issues to Senior Business and Finance stakeholders
  • Defines trade classification levels for external disclosure
 
Job Description
 
Equities VCG is seeking a VP to cover the EMEA Volatility and Structuring businesses and play a key role in the evolving model risk agenda and automation projects.
 
Key responsibilities:
  • Play a key role in Price Testing & Fair Value Adjustments validation for the Equities Volatility and Structuring business
  • Own the relationship between the trading desk and VCG and actively interact with key finance, technology and risk partners throughout the firm
  • Enhance existing control framework including continuously improving independent pricing processes, assessing potential coverage developments, ensuring that the current framework captures the economic reality of the valuation risks and implementing new tools to enhance control efficiency
  • Provide advice on valuation issues related to large concentration, revenue on new deals/complex transactions, review non-standard or structured trades and new products
  • Participate in regulatory exams and bank’s regulators inquiries
  • Contribute to the development of the team, mentor and lead junior members and create positive work environment
 
Required Job Skills
 
The role requires a good understanding and keen interest in financial markets, combined with strong analytical abilities, clear verbal and written communication skills and willingness to contribute as part of a high performing team. The candidate should have the following core competencies:
 
  • Degree in quantitative discipline (Graduate degree preferred) or experience covering Equities financial services
  • Expertise in financial products and derivatives valuation. Understanding of macroeconomic and political developments and their impact on financial markets, in particular the Equities market
  • Strong commitment to learn, think creatively and operate in a fast changing environment by prioritizing effectively to meet objectives
  • Excellent written and verbal communication skills and ability to communicate in a clear and concise manner
  • Attention to detail and strong control mindset - challenge constructively, handle disputes, negotiate with traders while upholding the control framework
  • Strong technical capabilities in order to lead infrastructure enhancements and solid project management skills are essential, being able to reach consensus across varying levels of seniority and to drive initiatives to completion
  • High emotional intelligence is required - working well with others, displaying confidence and a positive attitude
 
Diversity and Inclusion
 
Cultural sensitivity and understanding is a must in our business. In J.P. Morgan we are serious about making diversity a central part of our culture and ensuring it is at the core of how we do business as we believe diversity is the key to achieving our business objectives.
 
About J.P. Morgan Chase & Co:
 
 
J.P. Morgan serves one of the largest client franchises in the world. Our clients include corporations, institutional investors, hedge funds, governments and affluent individuals in more than 100 countries. J.P. Morgan is part of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with assets of $2.1 trillion.  The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of clients and consumers under its JPMorgan and Chase, and WaMu brands.
 
J.P. Morgan offers an exceptional benefits program and a highly competitive compensation package. J.P. Morgan is an Equal Opportunity Employer
 
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.