Description

Join a team that plays a critical role in ensuring fair valuation of the firm's risk portfolios. As an Associate in the Valuation Control Group, you will help safeguard the integrity of our financial reporting and risk management, working closely with senior stakeholders and cross-functional teams.

Job summary

As an Associate within the valuation control group (VCG) team, you will be responsible to manage an independent function within Finance responsible for ensuring the firm's risk portfolios are fairly valued. You will specialize in model risk, overseeing model limitations, performance metrics, and independent testing of model risk mitigants. You will collaborate with Trading, Model Review, Quantitative Research, and other key partners to ensure robust valuation policies and controls, gaining exposure to senior management and regulators.

Job responsibilities

• Oversee model risk for the Valuation Control Group by tracking model limitations, monitoring performance metrics, and independently testing model risk mitigants and compensating controls for fair value and prudent valuation adjustment models.
• Create, review, and evaluate documentation of fair value and prudent valuation adjustment models across a broad set of products, ensuring consistency and adherence to firm standards.
• Collaborate with Model Review, Quantitative Research, and model owners during review and approval cycles to resolve queries and ensure compliance with model risk management controls.
• Introduce enhancements to the strategic risk management framework for fair value and prudent valuation adjustment models.
• Summarize and communicate model risks to senior stakeholders in a clear and concise manner.
• Develop best practice guidelines and training materials related to Model Risk Management.

Required qualifications, capabilities, and skills

• Breadth of knowledge and experience across financial products, models, and asset classes.
• Analytical and quantitative aptitude with strong attention to detail.
• Strong verbal and written communication skills to interface with a wide variety of functional areas.
• Ability to ask incisive questions, converge on critical matters, assess materiality, and escalate issues.
• Working knowledge of Python and/or VBA and Excel.

Preferred qualifications, capabilities, and skills

• Experience with model validation and/or development.
• Experience with valuation control processes.

About Us

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

About the Team

\n Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.\n
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\n Global Finance & Business Management works to strategically manage capital, drive growth and efficiencies, maintain financial reporting and proactively manage risk. By providing information, analysis and recommendations to improve results and drive decisions, teams ensure the company can navigate all types of market conditions while protecting our fortress balance sheet.\n