JOB DESCRIPTION
The OTC Derivatives Valuation Control Group (VCG) is organized into a team of OTC derivative valuation and quantitative specialists based in Dallas, Bournemouth, Mumbai & Sydney. 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.
As a Valuation Control Group Associate in Fund Services team, you will be responsible for validating/applying Mark to market (MTM) valuations for OTC derivatives securities held by custody and fund services clients using third party vendor sources, counterparty/FM, or other client directed sourcing. To be successful in your new role, you will have 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. You will also have the unique opportunity to work in a cross-asset environment with exposure to all types of derivatives from vanilla to complex products.
Job responsibilities
Process and review security-level valuations provided by pricing vendors
Review and interpret OTC derivative movements against related market data movements
Liaise with pricing vendors to resolve valuation issues and minimize risk
Provide subject matter expertise to support downstream and upstream teams
Resolve internal and external client queries promptly and professionally
Escalate all issues promptly and effectively
Maintain a positive attitude and collaborative work environment for the team
Contribute to the ongoing development of the pricing control process
Leverage industry skills to identify operational improvements
Complete Ad-hoc project work as directed
Required qualifications, capabilities and skills
Pricing vendor knowledge, i.e. Bloomberg, Reuters, IHS Markit/S&P Global, etc.
Understanding and interest in stocks, FX, bonds, options, derivatives, and other financial markets and products
Knowledge of industry events and activities, particularly corporate actions, index tracking and stock market events such as splits and mergers
Self-motivated and proactive with a proven ability to learn new topics, systems and instruments
Able to work accurately and under pressure to meet deadlines
Understand the effect that changes in MtM and other data elements have on the market value of an account and be sensitive to these changes
Intermediate to Advanced MS Excel skills, including filtering, shortcuts, common functions, formulas, and v-look ups
Effective analytical/problem solving skills and attention to detail along with numerical ability
Demonstrate ability to effectively communicate within a team environment and interact across departments and with other team members
Customer focus, strong communication skills, and follow-up skills
Ability to work independently and multi-task in a fast paced environment
Preferred qualifications, capabilities and skills
1-2+ years asset pricing, valuations, or fund accounting experience preferred
Bachelor’s degree with preference in Finance, Accounting, or Economics
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