CIB Operations - OTC Derivatives Valuations - Vice President - London
Vicco Kariyer
London , GB
26d ago

Job Category : Operations Potential Referral Amount : 3500 Pound Sterling (GBP)

The OTC Derivatives Valuation Control Group (VCG) is organized into a team of OTC derivatives valuation and quantitative analysts based in the UK, Plano, and Mumbai.

The VCG team provides independent OTC derivatives valuations to institutional clients, asset managers, hedge funds, and insurance companies who have outsourced part or all of their operations to J.

P. Morgan. The VCG team provides the primary support and expertise for complex valuations and valuation queries from both internal and external clients.

The team functions as the Subject Matter Experts for OTC derivatives valuation, across a wide array of derivative products including rates, credit, equity, FX, inflation, cmdty, and volatility / variance swaps.

The team is looking for a Vice President to manage the Valuations Systems and Data Science initiatives for the VCG group.

This is a unique opportunity to work in a cross-asset environment with exposure to all types of OTC derivatives from vanilla to complex products.

Summary of Responsibilities

  • Business management of ongoing Valuation System initiatives of the OTC Derivatives Valuations team
  • UAT Testing, troubleshooting, and maintenance of TPV valuation flows that are critical to daily VCG deliveries
  • Regional oversight of the UK VCG team including the Counterparty recs process
  • Lead the team’s initiatives for Data Science and Machine Learning capabilities including the development of new workflows designed to drive automation of new and existing Operations processes
  • Establish and develop strong relationships with internal and external Product, Ops, and Technology stakeholders
  • Other functions as the role and team develops
  • Light travel required (
  • As an expansion of J.P. Morgan Bournemouth’s Apprenticeship schemes, Executive Directors and Vice Presidents are eligible to apply for the Senior Leader Degree Apprenticeship (Level 7) University of Exeter MBA.
  • For more information on the programme, please follow the external link to University of Exeter .

    Background in Data Science and Machine learning methods (Python & R) as well as Business Intelligence tools such as Tableau & Qlikview.

    Experience using Drag and Drop coding platforms such as Spotfire, Dataiku, DataRobot & AWS Cloud, etc. to drive automation of new and existing Operations processes a plus.

    OTC Derivatives valuation knowledge across multiple asset classes, including sensitivity analysis (pv01, delta, gamma, vega, theta, rho, etc,.

  • and how these are calculated and used to analyze OTC valuations, is a firm requirement
  • Middle Office or Trading Desk experience with a background in OTC derivatives

    Management experience, preferably on a Derivatives Valuations Team

    Experience in and comfortable working within a highly controlled, regulated environment

    Experience in Bloomberg, Reuters, other trading or risk mgmt platforms

    Advanced degree (MS, CFA, FRM, CQF) or progression towards, is highly positive

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