Valuation Control Model Risk - Senior Associate

Fairygodboss; Warszawa; On-site; PLN 240,000 - 360,000; Full time

Job summary

J.P. Morgan is seeking an Associate in the Valuation Control Group to specialize in model risk and drive the agenda for fair value and prudent valuation adjustments.

You will document, review, and improve models, working with Model Review and Quantitative Research teams to ensure robust risk controls and strong governance across products. The role emphasizes analytical rigor, communication across factions, and the development of guidelines and training materials to elevate Model Risk Management.

Qualifications

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

Responsibilities

• Oversee model risk tracking and independent testing for fair value and prudent valuation models.
• Document and review fair value adjustments and prudent valuation methodologies across products.
• Collaborate with Model Review and Quantitative Research groups and model owners during review cycles.
• Enhance the strategic target state risk management framework for valuation models.
• Summarize and communicate model risks to senior stakeholders clearly.
• Develop best practice guidelines and training materials related to Model Risk Management.

Skills

Model risk

Analytical thinking

Communication

Tools

Python

VBA

Excel

Job description

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.

The group is organized along business lines such as the Investment Bank and Consumer & Community Bank and works closely with Traders, CFOs, Market Risk, Product Control, Model Governance and Quantitative Research to ensure a complete understanding of business issues and the accurate execution of valuation policy. The group plays a critical role within the Firm and has exposure to senior management, Business heads, Regulators, and both internal and external audit.

VCG is looking to hire an Associate (601/602) to 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

• Assists 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.
• Creates, reviews and evaluates 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.
• Works 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.
• Introduces enhancements to the strategic target state risk management framework for fair value and prudent valuation adjustments models.
• Summarizes and communicate model risks to senior stakeholders in a clear and concise manner.
• Develops best practice guidelines and training materials related to Model Risk Management

Required qualifications, capabilities, and skills

• Experience with model validation and/or development is a strong plus.
• Experience of valuation control processes is desirable but not a requirement.
• 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 escalte issues.
• Working knowledge of Python and/or VBA and Excel.

ABOUT US

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

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.

ABOUT THE TEAM

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.

Global Finance & Business Management works to strategically manage capital, drive growth and efficiencies, maintain financial reporting and proactively manage risk. By providing information, analysis and recommendations to improve results and drive decisions, teams ensure the company can navigate all types of market conditions while protecting our fortress balance sheet.