CIB F&BM – VCG Commodities – Analyst
Business 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 reserve policies. VCG highlights concentrations in risk or 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 / PL 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. Clients 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 responsible for supporting the valuation control function for the Global Commodities business. Products covered include vanilla, exotic commodity derivative as well as structured assets derivatives, the job will be based in North America. Responsibilities will include:
Analysis of Markets, PL Risk on a periodic basis with understanding of the factors that drive valuation and risk
Owning the relationship between the trading desk and valuation group
Provide advice on valuation issues related to large concentrations, revenue on new deals/complex transactions
Re-engineering of fair value adjustments, including the review of concentrated/illiquid positions, complex transactions, market events effecting valuation
Oversee the review and analysis of non-standard transactions
Review and approval of new model releases as it relates to valuation
Enhance existing control framework including reviewing independent pricing processes, assessing potential coverage developments and implementing new tools to enhance control efficiency;
Working with Trading, QR, Middle Office, Finance and Model Review to continually monitor the various valuation risks of the business and implement appropriate adjustments
Other value-added projects related to Business, Risk, and Finance initiatives
Qualifications:
Preferred Qualifications
experience with commodity products mainly NA Power Gas and Oil, in Finance/Risk-related fields. Analytical and quantitative aptitude. Candidates with quantitative backgrounds preferred.
Knowledge of commodity products and markets, including derivative pricing, risk and valuation
Ability to understand complex products, and analyze transaction and process flows
Experience working with trading desks.
Understanding of valuation concepts as they pertain to financial products and derivatives, some accounting knowledge
Strong verbal and written communications skills. Must have the ability to lead discussions with all levels of management, be comfortable discussing issues with Trading and Senior Management. Ability to explain complex concepts
Advanced Excel and Power-point skills. Experience with Visual Basic and automation. Database and Python skills helpful.
Propensity to handle multiple tasks simultaneously and efficiently.
Experience with project management
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
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