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JPMorgan Chase & Co.
- London
- JPMorgan Chase & Co. - London
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.
Our Business
The Valuation Control Group (VCG) has Firmwide ownership of the policies for Independent Price Testing and Valuation Adjustments for all traded Instruments, to ensure that the Firm’s risk positions on the Books and Records reflect Fair Value. In this respect VCG:
Tests all market prices independently, typically using consensus data (Totem) or brokers
Agrees Valuation Adjustments, to bring a mid-price to “exit value”, to reflect liquidity or uncertainty around the mid-price
Reviews Approximately Loaded trades in conjunction with Middle Office and Model Review
Escalates Valuation Issues to Senior Business and Finance stakeholders
Defines trade classification levels for external disclosure
Opportunity
The opportunity is for an Associate to fill a role primarily covering the Emerging Markets Exotics & Hybrids desk within CEM.
Key responsibilities:
Independent Price Verification and Valuation Adjustments of all the products covered by the EM E&H desk, including FX Options, CDS, IR Swaps and Options.
Direct Interaction with peers in other control functions in the Region
Facing EM Exotics & Hybrids Traders
Prudent Valuation process for EM.
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 a quantitative discipline such as Mathematics, Physics or Economics (Graduate degree preferred)
Expertise in financial products and derivatives valuation. Understanding of macroeconomic and political developments and their impact on financial markets.
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 mind-set – 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 – working well with others, displaying confidence and a positive attitude.
About J.P. Morgan’s Corporate & Investment Bank
J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. Further information about J.P. Morgan is available at www.jpmorgan.com.
JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer.