Apply Now    

Corporate Finance - Currencies & Emerging Markets Valuation Controller -- Associate

Req #: 170113822
Location: Hong Kong, Hong Kong, HK
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 20000 Hong Kong Dollar (HKD)

Department 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 fair value adjustments policies. VCG highlights concentrations in risk and uncertainties in parameter inputs and works with the trading and quantitative groups to fully understand their implications from a risk/return perspective and the impact on the desk's level of reserving. In addition, VCG is responsible for 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.  Stakeholders of the group include senior management, business heads, regulators, and both internal and external audit.  The group also works closely with the Traders, CFOs, Market Risk, and Middle Office to ensure a complete understanding of business issues and the accurate execution of valuation policy.



Job Description



The candidate will be based in Hong Kong and support the valuation control function for Asia CEM Rates Exotics & Hybrids business covering a range of products including securities, FX, rates and credits derivatives as well as various exotics products.


BAU coverage

  • Fair value adjustments and independent price testing execution, methodology review and documentation

  • Participate in Totem consensus services on rates products

  • Analysis of markets, P&L & Risk with understanding of the factors that drive valuation and risk

  • Highlight concentration, illiquidity, uncertainty in valuation as well as price variances to Front Office and Finance management

  • Review of concentrated/illiquid positions, complex/approximately loaded transactions affecting valuation

  • Enhance existing control framework including reviewing independent pricing processes, assessing potential coverage developments

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

  • Experience with rates and credits products in Valuation/Risk-related fields. Analytical and quantitative aptitude
  • Good existing knowledge of Asia EM markets and onshore/offshore derivative products in general. Experience in exotics products preferred
  • Understanding of valuation concepts in rates and credits products and related accounting knowledge
  • Ability to use core risk management systems (Kapital, Athena) and familiarity with Totem service preferred
  • Track record of dealing with Front Office and coordinating with other control groups
  • Strong communications skills and be comfortable interfacing senior management
  • Experience of dealing with Asian regulators would be beneficial
  • Keen eye for potential control deficiencies and desire/ability to rectify
  • Advanced Excel skills. VBA is a plus
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.