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JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2 trillion and operations in more than 60 countries. 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.
Business Overview The OTC Derivatives Valuation Control Group (VCG) is organized into a team of OTC derivative valuation and quantitative specialists based in Dallas, Bournemouth and Mumbai. The VCG team provides OTC derivatives valuation support to institutional clients, asset managers, hedge funds, and insurance companies who have outsourced part or all of their operations to J.P. Morgan. The VCG team is the first line of support for the production/sourcing of valuations and managing valuation queries for both internal and external clients. The team also functions as one of the Subject Matter Experts within the business for derivatives lifecycle management and valuation.
The team is looking for a hands-on VCG Valuation Senior with exposure to Cross-Asset products to assist with OTC derivatives daily valuation, as well as projects related to New Instrument development and client on-boarding. This is a unique opportunity to work in a cross-asset environment with exposure to all types of derivatives from vanilla to complex products.
Provide independent valuation services to internal and external clients across a spectrum of OTC derivative products including credit, equity, interest rate, FX, inflation, commodity, and volatility / variance derivatives
Responsible for daily market data capture, validation, and calibration across all data types required for modeled valuations including quantitative and qualitative adjustments
Responsible for producing and analyzing valuation movements within client portfolios on a daily basis. For some clients, this will also involve comparing and analyzing OTC valuations across multiple sources and the candidate should be able to clearly articulate the cause of any valuation differences.
Assist with the roll out / support for new derivative products from a valuation and lifecycle management perspective including benchmark and back-testing as part of the model validation process
Establish and develop strong relationships with both internal and external clients
Assist with the on-boarding of new clients and products
Resolve ad-hoc issues, including queries related to third party valuation, procedures and processes
Work with VCG Product Development team with the New Instrument Development process
OTC Derivative knowledge across all asset classes, including sensitivity analysis (pv01, delta, gamma, vega, theta, rho, etc.) and how these are generated and used to analyze OTC valuations
Previous Middle Office / OTC Derivative valuation or Trading Desk experience (>5 years) with a background in derivatives essential
A proactive approach to problem solving, logical thinker with a good mathematical background
Strong working knowledge of derivatives systems and vendors (Calypso, Bloomberg, Reuters, etc.)
Outstanding ability to solve both conceptual and practical problems involving systems, analytics, and process flows.
Quick learner; both in technical derivatives knowledge and systems
Ability to thrive in a fast-paced environment and self-motivating
Ability to work under pressure
Working knowledge of a programming language (VBA, SQL, Matlab, etc.) is a plus
Client-facing experience a strong benefit
CFA / FRM, or progression towards, would be extremely positive
JPMorgan Chase offers an exceptional benefits program and a highly competitive compensation package.
JPMorgan Chase is an equal opportunity and affirmative action employer M/F/Disability/Veteran.
Internal Number: 5001479
About J.P. Morgan
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