JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
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 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, VCG is responsible for the review of approximately loaded trades, high level risk / P&L 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.
VCG CIB Treasury looks after the IB Treasury business covering any valuation issues related to Funding Valuation Adjustment (“FVA”) for the investment bank. The global team has 4 members with 3 located in New York.
The team is looking to fill an experienced Vice President role that will take the regional lead for VCG CIB Treasury in North America, reporting to the head of VCG CIB Treasury. The role will require strong analytical skills and excellent problem solving as well the ability to communicate effectively at very senior level across CIB Treasury and CIB Businesses.
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