Valuation Control Group - North America Non Linear Rates - Associate

Testing Site - JPMC; New York (NY); On-site; USD 120,000 - 180,000; Full time

Job summary

JPMorgan Chase in New York seeks a Valuation Controller within the VCG Rates team to perform independent price verification and fair value adjustments for the Global Rates portfolio. You will work with cross-functional groups to strengthen valuation controls and ensure regulatory compliance.

You will partner with various teams to implement improved controls, review pricing processes, and support strategic initiatives that drive efficiency across Rates operations.

Qualifications

• Minimum 5+ years of related experience.
• Understanding of valuation concepts for financial products and derivatives; basic accounting knowledge.
• Strong verbal and written communications skills.
• Ability to prioritize multiple tasks efficiently.

Responsibilities

• Execute price verification and benchmark analysis, including fair value adjustments.
• Support VCG practices, management reporting, and regulatory mandates within the broader framework.
• Collaborate with functional groups on valuation issues and implement appropriate measures for fair value.
• Enhance control framework by reviewing pricing processes and deploying new tools for efficiency.
• Contribute to other value-added projects in Business, Risk, and Finance.

Skills

Independent pricing

Valuation concepts

Derivatives knowledge

Communication skills

Education

Finance/Economics degree

Graduate degree in finance/economics/mathematics/engineering

Tools

Excel

PowerPoint

Visual Basic

Automation

Databases

Job description

Valuation Control is organized along business lines including Commercial & Investment Banking (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 Rates team based in NY, you will work with a wide array of Rates products. This role performs critical independent price verification and fair value adjustment processes for our Global Rates 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 Rates operations.

Job Responsibilities:

• Execute price verification/benchmark process, including the calculation of fair value adjustments
• Assist with various Valuation Control Group (VCG) established practices and control initiatives as well as perform necessary work relating to management reporting, regulatory mandates and consistency within the broader VCG framework
• Partner with various functional groups on valuation related issues and develop/implement appropriate measures with the goal of ensuring fair value
• Enhance existing control framework including reviewing independent pricing processes, assessing potential coverage developments and implementing new tools to enhance control efficiency
• Participate in other value-added projects related to Business, Risk, and Finance initiatives

Required Qualifications, Capabilities, and Skills:

• Minimum 5+ years of related experience
• Ability to understand complex products, and analyze transaction and process flows
• Understanding of valuation concepts as they pertain to financial products and derivatives, basic accounting knowledge
• 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
• Work experience in financial industry a plus
• Analytical and quantitative aptitude. Candidates with quantitative backgrounds preferred
• Experience with Advanced Excel, PowerPoint, Visual Basic, automation and database skills a plus