America Credit Portfolio Group (XVA) Product Control - Associate

Location: Brooklyn, NY, United States

Job Family: Controller

About the Role

JPMorgan Chase & Co. is a leading global financial services firm with assets of $3.9 trillion and operations worldwide. As an Associate in the America Credit Portfolio Group (XVA) Product Control team within the Controller category, you will play a pivotal role in safeguarding the firm's financial integrity. Based in Brooklyn, NY, this position involves managing profit and loss (P&L) for credit portfolios, with a focus on XVA (X-Value Adjustments) metrics such as Credit Valuation Adjustment (CVA), Debit Valuation Adjustment (DVA), Funding Valuation Adjustment (FVA), and others. You will ensure accurate valuation of complex derivatives, mitigate risks from counterparty credit exposures, and support strategic initiatives that align with JPMorgan's commitment to robust risk management and regulatory compliance in the financial services industry. In this role, you will collaborate closely with trading desks, risk managers, and senior finance leaders to validate daily P&L attributions, investigate variances, and provide insightful analysis on how market movements and credit events impact the portfolio. Your work will directly contribute to the firm's fair value reporting under standards like IFRS 13 and US GAAP, while helping to navigate the complexities of Basel III regulations. At JPMorgan Chase, you will leverage cutting-edge technology and data analytics to automate processes, enhancing efficiency and reducing operational risks in our high-volume trading environment. This position offers an opportunity to grow within a dynamic team that values innovation and precision. You will participate in cross-functional projects, such as model enhancements and portfolio stress testing, gaining exposure to the forefront of credit risk management. Joining JPMorgan Chase means being part of a culture that fosters professional development, diversity, and inclusion, where your contributions help deliver superior outcomes for clients and stakeholders in the ever-evolving financial landscape.

Key Responsibilities

• Perform daily P&L validation, attribution, and reconciliation for the America Credit Portfolio, focusing on XVA components
• Analyze and report on valuation adjustments including CVA, DVA, FVA, and KVA to ensure financial accuracy and compliance
• Collaborate with front office, risk management, and finance teams to explain P&L movements and resolve discrepancies
• Develop and enhance control frameworks to mitigate risks in credit derivative portfolios
• Support regulatory reporting and internal audits related to fair value measurements and counterparty exposures
• Drive automation initiatives using scripting and data analytics to improve efficiency in product control processes
• Monitor market data integrity and model performance for XVA calculations
• Contribute to strategic projects such as portfolio optimization and new product implementations
• Ensure adherence to JPMorgan's risk management policies and contribute to team-wide knowledge sharing
• Assist in forecasting and budgeting for XVA impacts on the firm's overall financial performance

Required Qualifications

• Bachelor's degree in Finance, Accounting, Mathematics, or a related quantitative field
• Minimum of 3-5 years of experience in product control, financial reporting, or risk management within the financial services industry
• Strong understanding of derivatives, XVA metrics (CVA, DVA, FVA), and valuation adjustments
• Proficiency in financial modeling and analysis using tools like Excel, VBA, or Python
• Knowledge of regulatory requirements such as IFRS 13, Basel III, and US GAAP for fair value measurements
• Ability to work in a fast-paced, high-stakes environment with attention to detail and accuracy
• CFA, CPA, or FRM certification or progress toward obtaining one

Preferred Qualifications

• Advanced degree (Master's or MBA) in Finance or Quantitative Finance
• Experience in XVA product control or counterparty credit risk at a major investment bank
• Familiarity with JPMorgan's internal systems such as Athena or similar trading platforms
• Prior involvement in strategic initiatives like model validation or process automation in a banking context
• Demonstrated experience with stress testing and scenario analysis for credit portfolios

Required Skills

• Financial modeling and quantitative analysis
• Proficiency in Microsoft Excel and VBA
• Knowledge of Python or R for data manipulation
• Understanding of derivatives pricing and risk metrics
• XVA calculation methodologies
• Regulatory compliance and reporting
• Attention to detail and analytical thinking
• Strong communication and presentation skills
• Team collaboration and stakeholder management
• Problem-solving in complex financial environments
• Time management in deadline-driven settings
• Data visualization tools like Tableau or Power BI
• Risk assessment and scenario analysis
• Accounting principles (GAAP/IFRS)
• Adaptability to evolving market conditions

Benefits

• Competitive base salary and performance-based annual bonuses
• Comprehensive health, dental, and vision insurance plans
• 401(k) retirement savings plan with generous company matching
• Paid time off including vacation, sick days, and parental leave
• Professional development programs and tuition reimbursement for advanced certifications
• Employee stock purchase plan and access to financial wellness resources
• On-site fitness centers and wellness programs at JPMorgan Chase facilities
• Flexible work arrangements and hybrid options for eligible roles

JP Morgan Chase is an equal opportunity employer.