As an Over-The-Counter Derivatives Valuation Control Group Associate I within JPMorganChase, you will play a pivotal role in enhancing our operational services related to fund accounting and administration. Your work will have a meaningful impact within our department, as you apply your broad knowledge of derivative products to assist with OTC derivative validation, as well as project related to new instrument development, analysis, and client on-boardings. This is a unique opportunity to work in a multi-asset environment with exposure to external institutional clients and internal partners.
The VCG group is organized into regional teams of derivative specialists based in Plano, Sydney, and Mumbai to provide 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 Fund Services. The VCG team is the first line of support for the production/sourcing of OTC valuations for both internal and external clients.
Job responsibilities
- Review and interpret OTC derivative valuations movements using product/industry knowledge and relevant market data.
- Liaise with pricing vendors to resolve valuation issues and minimize risk.
- Provide subject matter expertise to support external and internal clients and partners.
- Escalate, prioritize, and multi-tasking skills required for a role that sits within a fast-paced, high-energy environment.
- Contribute to the ongoing development of the pricing control process by using AI to automate processes.
- Process improvement , ad-hoc project work for analysis, and client/product onboarding.
- Bachelor’s degree with preference in Finance, Accounting, or Economics.
- 1+ years asset pricing, valuations, or fund servicing/accounting experience preferred.
- Knowledge of industry events and financial markets.
- Self-motivated and proactive with a proven ability to learn new topics, systems, and instruments in a dynamic environment
- Able to work accurately and under pressure to meet deadlines.
- Intermediate to Advanced MS Excel skills
- Strong 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
- Developing experience using AI-powered analytics, workflow automation, or intelligent process tools to drive efficiency gains, reduce manual effort, or improve accuracy in operational processes.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
Skills Required
- At least five years of experience in valuations and fund administration, maintaining accurate accounting and securities records.
- Experience identifying and resolving accounting or securities transaction issues within validation tolerances.
- Ability to implement operational procedures and controls, including cybersecurity and anti-fraud measures.
- Advanced emotional intelligence and a track record of building trusting relationships and influencing positive outcomes.
- Experience working across multiple business areas or functions to deliver results.
- Expertise in financial reporting, fund administration, accounting, or custody; five years of experience preferred.
- Strong knowledge of OTC derivatives.
JPMorganChase Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about JPMorganChase and has not been reviewed or approved by JPMorganChase.
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Healthcare Strength — Medical, dental, vision, and mental-health coverage are broad, with wellness incentives, on-site or virtual care, and an EAP offering coaching and counseling. Plan materials emphasize accessible options, including multiple medical choices and tools to manage costs.
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Parental & Family Support — Paid parental leave extends up to 16 weeks for all parents, supplemented by paid Critical Caregiver Leave. Family resources include backup childcare via Bright Horizons, lactation support and milk-shipping, family-building assistance, and even a free five-month SNOO rental for newborns.
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Retirement Support — Retirement programs include a 401(k) with an annual company match and automatic pay credits for most employees, with a legacy pension available to earlier hires. An Employee Stock Purchase Plan at a 5% discount further supports long-term savings.
JPMorganChase Insights
What We Do
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, 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. Technology fuels every aspect of our company and is at the heart of everything we do. With over 50,000 technologists globally and an annual tech spend of $12 billion, we are dedicated to improving the design, analytics, development, coding, testing and application programming that goes into creating high quality software and new products. Learn more about technology at our firm, explore resources from our Distinguished Engineers, AI & ML researchers, and other experts; access the latest episode of our TechTrends podcast, and more at www.jpmorgan.com/technology. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com. ©2023 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans.
Why Work With Us
Our technologists work on a diverse range of solutions that include strategic technology initiatives, big data, mobile, electronic payments, machine learning, cybersecurity, enterprise cloud development, and other state-of-the-art technologies.
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