IB F&BM – Global Credit Valuations (FVP) – Exotics and Hybrids – Analyst/Associate – London recruitment

Global Credit ValuationsHiring Manager:
Marcel Kugiel / James MetcalfLocation:
LondonLevel:
Analyst/Associate
Group description:Finance Valuation Policy (FVP) is an independent group within Finance whose primary responsibility is to ensure that the valuation of the firm's risk portfolios, are fairly valued.
The coverage group forms the primary interface for discussing valuation issues with the Front Office, but retains reporting lines through the Finance Risk management chain.
The group sets independent pricing reserve methodologies and policies.
FVP highlight concentrations in risk or uncertainties in parameter inputs and work 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, FVP is responsible for the review of approximately loaded trades, high level risk / PL analysis, approval of new products, and model releases.
FVP is organised along business lines including, Credit, Fixed Income Exotic and Hybrids, Rates, Equities, Emerging Markets, Securitized Products, Principal Investments
and Currencies 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.
The role is based in London and will be part of a team covering Fixed Income Exotics Hybrids trading business.
The incumbent will have a strong finance background and will report to a senior VP manager in the Credit Exotics Hybrids and Credit Flow businesses.
ResponsibilitiesCoverage of Credit Exotics Hybrids and Credit Flow business including.Work with the Front Office, Market Risk, Model Review and Finance on valuation issues.Responsibility for valuation of the portfolio, and all fair value adjustments takenValuation function lead on signoffs for new credit hybrid tradesAssess appropriateness of benchmarks and methodologies used in parameter testing and reserve calculations for the trading portfolioProvide technical product training and other ad-hoc quantitative assistance to line Product Controllers and other interested partiesRegular reviews of PL attribution by risk attributes (i.e. Greeks) to confirm ongoing accuracy/validityResponsible for building and sustaining a robust control environmentLiaise with Accounting Policy to ensure proper accounting treatment of relevant products under multi-GAAPEnsure adherence to the Group Valuation Policy; liaise with regional and global valuation teams to ensure consistencyProduce monthly Valuation pack for business

Qualifications
Skills/QualificationsLine product controlling background is preferredProduct knowledge in credit derivative is preferredAnalytical quantitative skills as they relate to trading room productsAttention to detail and high standards of data and systems integrityClear oral and written communication in English is requiredProficient in Excel, knowledge of VBA and Access preferredAbout JPMorgan Chase Co.
J.P.
Morgan serves one of the largest client franchises in the world. Our clients include corporations, institutional investors, hedge funds, governments and affluent individuals in more than 100 countries. J.P.
Morgan is part of
JPMorgan Chase Co. (NYSE: JPM), a leading global financial services firm with assets of $2.2 trillion.
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. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of clients and consumers under its J.P.
Morgan and Chase, and WaMu brands.
J.P. Morgan offers an exceptional benefits program and a highly competitive compensation package.
J.P. Morgan is an Equal Opportunity Employer.