Valuation Controller - Associate - Rates

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

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

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we’re setting our businesses, clients, customers and employees up for success.

Global Finance & Business Management works to strategically manage capital, drive growth and efficiencies, maintain financial reporting and proactively manage risk. By providing information, analysis and recommendations to improve results and drive decisions, teams ensure the company can navigate all types of market conditions while protecting our fortress balance sheet.

Execute the price verification process and partner with various functional groups on valuation issues