Valuation Control Associate – Rates & Commodities

JPMorgan Chase & Co.; New York (NY); On-site; USD 120,000 - 180,000; Full time

Job summary

JPMorgan Chase & Co. is seeking a Valuation Controller for the VCG Rates team in New York. You will oversee independent price verification, prudent valuation adjustments, and fair value measurement for the North America Rates portfolio.

You will collaborate with Front Office, Finance, Technology and Risk to enhance valuation controls, address regulators, and drive efficiency in valuation processes across commodities.

Qualifications

• 5+ years of related experience.
• Bachelor's degree required.
• Ability to understand complex products and analyze transaction and process flows.
• Understanding of valuation concepts for financial products and derivatives.
• Analytical and quantitative aptitude.
• Strong verbal and written communications skills.
• Ability to prioritize multiple tasks efficiently.

Responsibilities

• Responsible for all aspects of the valuation control framework for the Rates business, including independent price verification, valuation and prudent valuation adjustments, valuation adjustments stress and fair value measurement.
• Review complex transactions associated with the Rates 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

Skills

Analytical and quantitative aptitude

Strong verbal and written comms

Prioritize multiple tasks

Understand complex products

Education

Bachelor's degree

Degree in finance and economics

Graduate degree in finance/economics/math/engineering

Tools

Advanced Excel

PowerPoint

Python

Alteryx

Tableau

Job description

JPMorgan Chase & Co. is seeking a Valuation Controller for the VCG Rates team in New York. You will oversee independent price verification, prudent valuation adjustments, and fair value measurement for the North America Rates portfolio.

You will collaborate with Front Office, Finance, Technology and Risk to enhance valuation controls, address regulators, and drive efficiency in valuation processes across commodities.