VP, Valuation Control — Rates (NA)

JPMorgan Chase & Co.; United States; On-site; USD 120,000 - 180,000; Full time

Job summary

JPMorgan Chase & Co. in New York seeks a Valuation Controller for the VCG Rates team to oversee independent price verification and fair value adjustments across the North America Rates portfolio.

You will partner with Front Office, Finance, Technology, and Risk to enhance valuation controls, review complex trades, and drive methodology improvements for regulatory compliance and operational efficiency.

Qualifications

• 7+ 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.

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

7+ years of experience

Analytical aptitude

Strong communication

Prioritization

Understanding of complex products

Education

Bachelor's degree

Graduate degree in finance/economics/mathematics/engineering

Tools

Advanced Excel

PowerPoint

Python

Alteryx

Tableau

Job description

JPMorgan Chase & Co. in New York seeks a Valuation Controller for the VCG Rates team to oversee independent price verification and fair value adjustments across the North America Rates portfolio.

You will partner with Front Office, Finance, Technology, and Risk to enhance valuation controls, review complex trades, and drive methodology improvements for regulatory compliance and operational efficiency.