J.P. Morgan is increasing its Valuation Control Group (VCG) presence in the EU with a vision to consolidate the team fully responsible for the oversight of all Valuation Control aspects for the Firm’s European legal entity and be the primary face off to key stakeholders including Front Office traders, internal audit, external audit and European regulators. Paris and Warsaw serve as strategically important post Brexit locations, being the European hubs for Valuation Control organization.
We are seeking an experienced, innovative, proactive and independent candidate to work in the Valuation control team in Paris. We expect the successful candidate to navigate complex issues, drive impactful change and communicate with a senior audience. In exchange, we offer a dynamic and rewarding work environment as well as an exceptional benefits program with a competitive compensation package.
This position will provide the opportunity to gain an in-depth understanding and knowledge of the valuation control function and an oversight of the workings of one of the World’s leading investment banks. The successful candidate will benefit from ongoing expert training and development to ensure they are fully integrated and comparable with the controllers based in other global trading locations such as London, New York and Hong-Kong.
The Valuation Control Group (VCG) is organized along business lines including Corporate & Investment Bank (Macro Products, Credit, Equities, Securitized Products, IB Risk), CIO, Treasury & Corporate (CTC), Asset Management, Consumer & Community Banking (CCB) and Commercial Banking (CB). Clients of the group include senior management, business heads, regulators, and both internal and external audit.
The successful candidate will locally report into the Head of Valuation Control Group for the European Coverage and functionally into the respective EMEA Valuation Control lead.
Summary:
- Vice President position for XVA business in Paris
- Own and oversee the valuation control process and methodology including for CVA / FVA: price verification/benchmark process, fair value adjustments, prudential valuation adjustments, fair value hierarchy…
- Assist with various VCG established practices and control initiatives as well as perform necessary work relating to management reporting, regulatory mandates and consistency within the broader VCG framework
- Partner with various functional groups on valuation related issues and develop/implement appropriate measures with the goal of ensuring fair value
- Enhance existing control framework including reviewing independent pricing processes, assessing potential coverage developments and implementing new tools to enhance control efficiency
- Other value-added projects related to Business, Risk, and Finance initiatives
Requirements:
- 5+ years of related experience
- Prudential Valuation experience is a requirement
- Graduate degree with finance, economics, mathematics or engineering
- Ability to understand complex products, and analyze transaction and process flows
- Understanding of valuation concepts as they pertain to financial products and derivatives, basic accounting knowledge
- Analytical and quantitative aptitude. Candidates with quantitative backgrounds preferred
- Strong verbal and written communications skills
- Experience with Advanced Excel, PowerPoint, Visual Basic, automation and database skills a plus
- Ability to prioritize multiple tasks efficiently
JPMorgan Chase & Co., 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. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.
About us
J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.
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. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.
About the Team
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.
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.
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