Valuation Controller - Vice President - Rates

About the role

The Valuation Control Group (VCG) supports multiple business lines across JPMorgan Chase, serving senior management, business heads, regulators, and audit functions. As a Valuation Controller on the VCG Rates team in New York, you will work with a wide array of commodities products, performing independent price verification and fair‑value adjustment processes for the North America Rates portfolio while partnering with cross‑functional teams to enhance valuation control frameworks and ensure regulatory compliance.

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 testing, and fair‑value measurement.
• Review complex transactions associated with the Rates business, challenging the trading business to ensure appropriate constraints and controls are in place.
• Identify emerging valuation risks and drive methodology enhancements to capture market dynamics and improve 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 relationships 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, complex transactions, and new products.
• Participate in projects across the group and the broader Finance organization, collaborate with Front Office, QR, and Technology, and support regulatory exams and regulator inquiries.

Required qualifications

• 7+ years of related experience.
• Bachelor’s degree.
• Ability to understand complex products and analyze transaction and process flows.
• Understanding of valuation concepts for financial products and derivatives, with basic accounting knowledge.
• Analytical and quantitative aptitude.
• Strong verbal and written communication skills.
• Ability to prioritize multiple tasks efficiently.

Preferred qualifications

• Work experience in the financial industry.
• Experience with Advanced Excel, PowerPoint, Python, analytics platforms (e.g., Alteryx), data‑visualization tools (e.g., Tableau), and automation skills.
• Quantitative experience.
• Degree in finance and economics.
• Graduate degree in finance, economics, mathematics, engineering, or a related field.

About us

JPMorgan Chase, 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. With a history spanning over 200 years, we are a leader in investment banking, consumer and small‑business banking, commercial banking, financial transaction processing, and asset management.

Benefits

We provide a competitive total rewards package that includes a base salary determined by role, experience, skill set, and location, as well as commission‑based pay and/or discretionary incentive compensation paid in cash and/or forfeitable equity. Our benefits program offers comprehensive health‑care coverage, on‑site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental‑health support, financial coaching, and additional programs to meet employee needs.

Pay

Base salary is set based on role, experience, skill set, and location. Eligible roles may also receive commission‑based pay and/or discretionary incentive compensation, awarded in cash and/or forfeitable equity.