Valuation Control Lead, Rates & Commodities

J.P. Morgan; New York (NY); On-site; USD 140,000 - 190,000; Full time

Job summary

JPMorgan Chase & Co. in New York is seeking a Valuation Controller for the Rates team within the Valuation Control Group.

You will perform independent price verification and manage fair value adjustments across our North America Rates portfolio, partnering with Front Office, Finance, and Technology to strengthen controls and regulatory compliance. The role emphasizes implementing innovative valuation controls, reviewing pricing processes, and supporting initiatives that improve efficiency while

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 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.

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 aptitude

Verbal communication

Written communication

Ability to prioritize

Understanding of derivatives valuation

Basic accounting knowledge

Education

Bachelor's degree

Finance and economics

Graduate degree in finance/economics

Tools

Advanced Excel

PowerPoint

Python

Alteryx

Tableau

Job description

JPMorgan Chase & Co. in New York is seeking a Valuation Controller for the Rates team within the Valuation Control Group.

You will perform independent price verification and manage fair value adjustments across our North America Rates portfolio, partnering with Front Office, Finance, and Technology to strengthen controls and regulatory compliance. The role emphasizes implementing innovative valuation controls, reviewing pricing processes, and supporting initiatives that improve efficiency while