Valuation Controller - Associate – Rates

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

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 Rates team based in New York, you will work with a wide array of Commodities products. This role performs critical independent price verification and fair value adjustment processes for our North America 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 commodities operations.

Job 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

Required qualifications, capabilities and skills

• 5+ years of related experience
• Bachelor's degree
• 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

Preferred qualifications, capabilities and skills

• Work experience in financial industry
• Experience with Advanced Excel, PowerPoint, Python, analytics platform (e.g. Alteryx), data visualization tool (e.g. Tableau) and automation skills a plus
• Quantitative experience
• Degree in finance and economics
• Graduate degree with finance, economics, mathematics, engineering