Valuation Controller - Vice President - Commodities

J.P. Morgan; City Of London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A major global financial institution in London seeks a Valuation Controller to manage the valuation control framework for their Commodities business. This role requires extensive experience in valuation or control in finance, strong analytical skills, and the ability to handle complex products. Responsibilities include ensuring compliance, enhancing control tools, and liaising with cross-functional teams. A degree in finance or economics is preferred, along with experience in advanced analytics tools.

Qualifications

• Extensive experience in valuation or control in risk management or finance.
• Ability to understand complex products and transaction flows.
• Work experience in the financial industry is essential.

Responsibilities

• Manage the valuation control framework for the Commodities business.
• Review complex transactions and ensure constraints are in place.
• Identify and drive methodology enhancements for emerging valuation risks.

Skills

Analytical skills

Communication skills

Financial product knowledge

Ability to prioritize tasks

Education

Undergraduate degree in finance or economics

Graduate degree in finance, economics, or mathematics

Tools

Advanced Excel

PowerPoint

Python

Tableau

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. The position involves implementing innovative control tools, reviewing independent pricing processes, and supporting strategic Business, Risk, and Finance initiatives that drive operational efficiency and maintain accurate fair value determination across our commodities operations.

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 bank’s regulators inquiries

Qualifications

• 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

Benefits

• 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