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EMEA Corporate Controllers - Valuation Control Group Commodities - Associate

Req #: 170038132
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 responsible for supporting the valuation control function for the Global Commodities business.  Products covered include vanilla, exotic commodity derivative as well as structured assets derivatives, the job will be based in London. Responsibilities will include:
 
  • Analysis of Markets,  P&L & Risk on a periodic basis with understanding of the factors that drive valuation and risk
  • Owning the relationship between the trading desk and valuation group
  • Provide advice on valuation issues related to large concentrations, revenue on new deals/complex transactions
  • Re-engineering of fair value adjustments, including the review of concentrated/illiquid positions, complex transactions, market events effecting valuation
  • Oversee the review and analysis of non-standard transactions
  • Review and approval of new model releases as it relates to valuation
  • Enhance existing control framework including reviewing independent pricing processes, assessing potential coverage developments and implementing new tools to enhance control efficiency;
  • Working with Trading, QR, Middle Office, Finance and Model Review to continually monitor the various valuation risks of the business and implement appropriate adjustments
  • Other value-added projects related to Business, Risk, and Finance initiatives
 
Preferred Qualifications
  • 2 years experience with commodity products, mainly covering Agricultural, Metals and Cross Asset Products in Finance/Risk-related fields. Analytical and quantitative aptitude (candidates with quantitative backgrounds preferred)
  • Knowledge of commodity products, including derivative pricing, risk and valuation
  • Strong understanding of commodity markets
  • Ability to understand complex products, analyze transaction and process flows
  • Experience working with trading desks
  • Understanding of valuation concepts as they pertain to financial products and derivatives, some accounting knowledge desirable
  • Strong verbal and written communications skills. Must have the ability to participate in discussions with all levels of management, be comfortable discussing issues with Trading and Senior Management. Ability to explain complex concepts
  • Advanced Excel and Power-point skills.  Experience with Visual Basic and automation.  Database and Python skills helpful.
  • Propensity to handle multiple tasks simultaneously and efficiently.
  • Experience with project management
Preferred Qualifications
  • 2 years experience with commodity products, mainly covering Agricultural, Metals and Cross Asset Products in Finance/Risk-related fields. Analytical and quantitative aptitude (candidates with quantitative backgrounds preferred)
  • Knowledge of commodity products, including derivative pricing, risk and valuation
  • Strong understanding of commodity markets
  • Ability to understand complex products, analyze transaction and process flows
  • Experience working with trading desks
  • Understanding of valuation concepts as they pertain to financial products and derivatives, some accounting knowledge desirable
  • Strong verbal and written communications skills. Must have the ability to participate in discussions with all levels of management, be comfortable discussing issues with Trading and Senior Management. Ability to explain complex concepts
  • Advanced Excel and Power-point skills.  Experience with Visual Basic and automation.  Database and Python skills helpful.
  • Propensity to handle multiple tasks simultaneously and efficiently.
  • Experience with project management
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