Associate, Valuation Controller

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 within the Valuation Control team, you will play a key role in ensuring the accuracy and integrity of valuation processes across multiple business lines, including Commercial & Investment Banking, Asset Management, Consumer & Community Banking, and more. You will be responsible for executing price verification and benchmark processes, calculating fair value adjustments, and supporting various control initiatives within the Valuation Control Group (VCG).

Job responsibilities

• Execute price verification/benchmark process including the calculation of fair value adjustments
• Assist with various VCG established practices and control initiatives as well as perform necessary work relating to management reporting, regulatory mandates and consistency within the broader VCG framework
• Partner with various functional groups on valuation related issues and develop/implement appropriate measures with the goal of ensuring fair value
• Enhance existing control framework including reviewing independent pricing processes, assessing potential coverage developments and implementing new tools to enhance control efficiency
• Undertake value-added projects related to Business, Risk, and Finance initiatives

Required qualifications, capabilities and skills

• 3+ years of related experience
• Ability to understand complex products, and analyze transaction and process flows
• Understanding of valuation concepts as they pertain to financial products and derivatives, basic accounting knowledge
• Analytical and quantitative aptitude. Candidates with quantitative backgrounds
• Strong verbal and written communications skills
• Ability to prioritize multiple tasks efficiently

Preferred qualifications, capabilities and skills

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