Valuation Control VP, Rates - Strategic Impact

J.P. Morgan

New York (NY)

On-site

USD 180,000 - 240,000

Full time

10 days ago

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Job summary

JPMorgan Chase & Co. in New York is seeking a Valuation Controller within the VCG Rates team to manage valuation controls for the North America Rates portfolio, performing independent price verification and fair value adjustments for commodities.

You will partner with Front Office, Finance, Technology and Risk to enhance control frameworks, review complex transactions, and support regulatory examinations with solid model risk awareness and process improvements.

Qualifications

7+ years of related experience in valuation control.

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