Valuation Control is organized along business lines including Commercial & Investment Banking (Macro Products, Credit, Equities, Securitized Products, IB Risk), CIO, Treasury & Corporate (CTC), Asset Management, Consumer & Community Banking (CCB) and Commercial Banking (CB). Clients of the group include senior management, business heads, regulators, and both internal and external audit.

Job Summary

As an Associate, Valuation Controller within the Valuation Control Group, you will execute price verification and benchmark processes, calculate fair value adjustments, and assist with established practices and control initiatives. You will partner with various functional groups to address valuation-related issues, enhance control frameworks, and participate in value-added projects related to Business, Risk, and Finance initiatives.

Job responsibilities

Execute price verification/benchmark process, including the calculation of fair value adjustmentsAssist with various Valuation Control Group (VCG) established practices and control initiatives as well as perform necessary work relating to management reporting, regulatory mandates and consistency within the broader VCG frameworkPartner with various functional groups on valuation related issues and develop/implement appropriate measures with the goal of ensuring fair valueEnhance existing control framework including reviewing independent pricing processes, assessing potential coverage developments and implementing new tools to enhance control efficiencyParticipate in other value-added projects related to Business, Risk, and Finance initiatives

 

Required qualifications, capabilities and skills

5+ years of related experienceAbility to understand complex products, and analyze transaction and process flowsUnderstanding of valuation concepts as they pertain to financial products and derivatives, basic accounting knowledgeAnalytical and quantitative aptitude. Candidates with quantitative backgrounds Strong verbal and written communications skillsAbility to prioritize multiple tasks efficiently

 

Preferred qualifications, capabilities and skills

Undergraduate degree with finance and economics major Graduate degree with finance, economics, mathematics, engineering Work experience in financial industry a plusExperience with Advanced Excel, PowerPoint, Visual Basic, automation and database skills