Valuation Controller - Vice President - Commodities

JPMorgan Chase; City Of London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading financial institution based in London is seeking a Valuation Controller to manage the valuation control framework for Commodities products. The role requires extensive experience in finance and strong analytical skills. Responsibilities include managing complex transactions and ensuring regulatory compliance. The ideal candidate will have an undergraduate degree in finance or economics, along with experience in valuation or risk management.

Qualifications

• Extensive experience in valuation or control function in finance.
• Ability to understand complex products and analyze transaction flows.
• Work experience in the financial industry.
• Understanding of valuation concepts for financial products.
• Strong analytical and quantitative skills.

Responsibilities

• Manage valuation control framework for Commodities business.
• Review complex transactions to ensure controls are in place.
• Identify emerging valuation risks and enhance methodologies.
• Partner with Quantitative Research for model assessments.
• Own relationships with Front Office and key Finance partners.
• Participate in projects and regulatory exams.

Skills

Valuation experience

Analytical aptitude

Verbal communication

Written communication

Ability to prioritize tasks

Education

Undergraduate degree in finance or economics

Graduate degree in finance, economics, mathematics, or engineering

Tools

Excel

PowerPoint

Python

Alteryx

Tableau

Job description

Job Description

The Valuation Control Group (VCG) is organized along business lines including Corporate & Investment Bank (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.

As a Valuation Controller in the VCG Commodities team based in London, you will work with a wide array of Commodities products. This role performs critical independent price verification and fair value adjustment processes for our Global Commodities portfolio while partnering with cross-functional teams to enhance valuation control frameworks and ensure regulatory compliance.

Job Responsibilities

• Manage various aspects of the valuation control framework for the Commodities business, including independent price verification, valuation and prudent valuation adjustments, valuation adjustments stress and fair value measurement.
• Review complex transactions associated with the Commodities business, challenging the trading business to ensure appropriate constraints/controls in place.
• Identify emerging valuation risks and drive methodology enhancements to ensure valuation controls accurately capture market dynamics and opportunities to enhance control efficiency.
• Partner with Quantitative Research and Model Review Groups to assess limitations in trading models and implement compensating controls and model limitation adjustments.
• Own the relationship with Front Office and key Finance, Technology and Risk partners providing value add analysis on month‑end results, illiquid and concentrated valuation positions, revenue from new deals and complex transactions and new products.
• Partner and participate in projects within the group and the wider Finance organization together with Front Office, QR and Technology and participate in regulatory exams and address the bank’s regulator inquiries.

Required Qualifications, Capabilities and Skills

• Extensive experience in valuation or control function in risk management or finance within a large, complex financial institution or similarly regulated environment.
• Ability to understand complex products, and analyze transaction and process flows.
• Work experience in financial industry.
• Understanding of valuation concepts as they pertain to financial products and derivatives, basic accounting knowledge.
• Analytical and quantitative aptitude.
• Strong verbal and written communications skills.
• Ability to prioritize multiple tasks efficiently.

Preferred Qualifications, Capabilities and Skills

• Undergraduate degree with finance and economics major preferred.
• Graduate degree with finance, economics, mathematics, engineering a plus.
• Candidates with quantitative backgrounds preferred.
• Experience with Advanced Excel, PowerPoint, Python, analytics platform (e.g. Alteryx), data visualization tool (e.g. Tableau) and automation skills a plus.

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.