Valuation Controller - Vice President - Commodities

JPMorganChase; Greater London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A global financial services leader is seeking a Valuation Controller in London to manage the valuation control framework within the Commodities business. Key responsibilities include independent price verification and analysis of complex transactions, as well as collaboration with front office and finance teams. Ideal candidates will have extensive experience in finance, strong analytical skills, and proficiency in tools such as Excel and Python. This role offers an opportunity to engage in innovative control processes and influence operational efficiency.

Qualifications

• Extensive experience in valuation or control functions in finance.
• Understanding of financial products and derivatives.
• Experience in a large financial institution.

Responsibilities

• Manage valuation control framework for commodities.
• Review complex transactions ensuring constraints and controls.
• Identify emerging valuation risks.

Skills

Valuation in risk management

Complex product analysis

Financial industry experience

Analytical aptitude

Strong communication skills

Multi-task prioritization

Education

Undergraduate degree in finance or economics

Graduate degree in finance, economics, mathematics, or engineering

Tools

Advanced Excel

PowerPoint

Python

Data visualization tools

Automation skills

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. 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.

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 bank’s regulators 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

About Us

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

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. Visit our FAQs for more information about requesting an accommodation.

About The Team

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we’re setting our businesses, clients, customers and employees up for success.

Global Finance & Business Management works to strategically manage capital, drive growth and efficiencies, maintain financial reporting and proactively manage risk. By providing information, analysis and recommendations to improve results and drive decisions, teams ensure the company can navigate all types of market conditions while protecting our fortress balance sheet.