JPMorgan Valuation Controller - Model Risk Associate 

India, Karnataka, Bengaluru 

474933629

As a Valuation Control professional in our Corporate sector, you will spend each day defining, refining and delivering set goals for our firm

The 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 valuation adjustments policies, executes & generates results, and then works with Trading to remediate and prevent issues on an ongoing basis. VCG also works to identify and control potential valuation risk concentrations, uncertainty in pricing inputs, and valuation model uncertainty.

You will specialize in model risk and drive the model risk agenda for the group, including documentation and review of fair value and prudent valuation methodologies and assessment of mitigants and compensating controls for associated model risks.

Job Responsibilities:

• Assist in overseeing model risk for the Valuation Control Group through the tracking of model limitations, ongoing model performance metrics and independent testing of model risk mitigants and compensating controls for fair value and prudent valuation adjustment models.
• Create, review and evaluate documentation of fair value and prudent valuation adjustments models across a broad set of products for consistency and adherence to the firm’s model development and review standards
• Work closely with Model Review and Quantitative Research groups and model owners during review and approval cycles, to resolve queries and ensure adherence to the firm’s model risk management controls
• Introduce enhancements to the strategic target state risk management framework for fair value and prudent valuation adjustments models
• Summarize and communicate model risks to senior stakeholders in a clear and concise manner
• Develop best practice guidelines and training materials related to Model Risk Management

Required qualifications, capabilities, and skills:

• Experience with model validation and/or development
• Experience of valuation control processes is desirable but not a requirement
• Breadth of knowledge and experience across financial products, models and asset classes
• Analytical, quantitative aptitude and attention to detail
• Strong verbal and written communications skills to interface with a wide variety of functional areas
• Ability to ask incisive questions, converge on critical matters, assess materiality and escalate issues
• Working knowledge of Python and/or VBA and Excel.