Valuation Controller [Multiple Positions Available]

JPMorgan Chase & Co. • New York, NY

9h • Onsite

About The Position

This position involves verifying prices of derivative instruments from the trading desk, ensuring accuracy and compliance with market standards, and identifying discrepancies to reflect current market conditions. The role requires adjusting the fair value of financial instruments for market liquidity and credit risk to ensure reported values are accurate. A key aspect is developing and running intelligent solutions using computer applications, including software tools and programming languages, to automate processes, analyze data, and enhance efficiency. The Valuation Controller is also responsible for ensuring documentation of standards and procedures is up-to-date and compliant, documenting methodology changes, and implementing controls for documentation integrity. Support in resolving disputes over collateral valuation, assessing valuation methodologies, and investigating from a price testing perspective is also required. The role involves partnering with Quant research and Technology teams for testing and feedback on technology projects, and participating in automating valuation processes. JPMorganChase, a financial institution with over 200 years of history, offers innovative financial solutions globally and is a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing, and asset management. Professionals in Corporate Functions, including this role, are essential for the company's success.

Requirements

• Master's degree in Quantitative Finance, Mathematics, or related field of study plus 3 years (36 months) of experience in the job offered or as Valuation Controller, Business Intelligence Analyst, Data Analytics, or related occupation.
• Alternatively, a Bachelor's degree in Quantitative Finance, Mathematics, or related field of study plus 5 years (60 months) of experience in the job offered or as Valuation Controller, Business Intelligence Analyst, Data Analytics, or related occupation.
• Experience with rate derivatives products, including interest rate swaps, forward rate agreements, interest rate caps and floors, cross-currency swaps, FX forwards, zero-coupon bonds, and vanilla options.
• Experience pricing derivative instruments including selecting market convention and quantitative models for various trade structures and obtaining consensus price levels from third-party providers such as Bloomberg to ensure market-aligned valuations.
• Experience investigating discrepancies for Mark-to-Market values with counterparty, identifying root causes of breaks, and developing effective solutions.
• Experience constructing, reconciling, and validating financial curves, with a focus on risk-free rate (RFR) curves, SOFR curves, Term SOFR, and cross-currency curves, G7 single-currency curves and multi-currency curves for currencies with lower trading volumes and data points.
• Experience analyzing and comparing curve building methods, including bootstrapping, linear interpolation, cubic spline, and exponential smoothing, while conducting risk analysis for curve tweaks to ensure accurate and reliable financial modeling.
• Experience with financial models including the Hull-White model for interest rate derivatives, the Black-Scholes model for options, the Binomial Tree model for option pricing, the SABR model for capturing volatility smiles in options markets, and the Monte Carlo simulation for derivatives and risk management.
• Experience collecting and analyzing data from market sources such as Reuters and Bloomberg, focusing on financial instruments, payment schedules, settlement, calendars, and day count conventions for rate and fixed income indices used in rates products.
• Experience using Python to process data sets for financial market data, conducting time series analysis, replicating cash flows for exotic structures and performing ad hoc trade modifications, including trade amortization and changes to discounting curves.
• Experience with Excel, including creating spreadsheets, using advanced functions including MATCH, VLOOKUP, SUMIF, INDEX, and DATE, and creating pivot tables, charts, and macros for automation.
• Experience researching interest rate market changes, macroeconomic factors, and policies to assess their impact on financial markets.
• Experience using trading systems for the trade lifecycle, including trade execution, order management, settlement, and post-trade analysis.

Responsibilities

• Verify prices of derivative instruments from the trading desk.
• Ensure accuracy and compliance with market standards.
• Identify discrepancies and ensure valuations reflect current market conditions.
• Adjust fair value of financial instruments for market liquidity and credit risk.
• Ensure reported values are accurate and reflect true market value.
• Develop and Run Intelligent Solutions Using Computer Applications.
• Use software tools and programming languages to automate processes.
• Analyze data and develop solutions to enhance efficiency and accuracy.
• Ensure documentation of standards and procedures is up-to-date and compliant.
• Document any methodology changes.
• Implement controls to maintain integrity and accuracy of documentation.
• Provide support in resolving disputes over collateral valuation.
• Assess valuation methodologies and investigate from a price testing prospective.
• Partner with Quant research team and Technology teams for testing and providing feedback on technology projects.
• Participate in automating valuation processes.

Benefits

• Competitive total rewards package including base salary determined based on the role, experience, skill set and location.
• Commission-based pay and/or discretionary incentive compensation (for eligible roles), paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions.
• Comprehensive health care coverage.
• On-site health and wellness centers.
• A retirement savings plan.
• Backup childcare.
• Tuition reimbursement.
• Mental health support.
• Financial coaching.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees