Corporate Controllers - Valuation Control Group Commodities - Vice President

Posted 3 Days Ago
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New York, NY
Hybrid
Senior level
Financial Services
The Role
As Vice President of the Valuation Control Group, you'll oversee the valuation control framework for the North America Power, Gas, and Environmental desk, focusing on independent price verification, valuation adjustments, and emerging valuation risks. The role entails collaboration with various departments for regulatory compliance and improving valuation methodologies.
Summary Generated by Built In

Job Description
Valuation Control Group covers a broad range of products across the entire liquidity spectrum. With core valuation processes largely delivered through dedicated technology and quantitative research resources, the team focusses on insightful analysis leveraging multiple market data sources through advanced analytics platforms.
As a Vice President of Corporate Controller in the Valuation Control Group Commodities team, you will be responsible for all aspects of the valuation control framework for the North America Power, Gas and Environmental desk, including independent price verification, valuation and prudent valuation adjustments, valuation adjustments stress and fair value measurement. You will work with a wide array of Energy products and primary coverage will include Natural Gas, Power, and Environmental Products. If you have a good understanding and keen interest in financial markets, combined with strong analytical abilities and willingness to contribute as part of a high performing team, please apply today.
Job Responsibilities:

  • Be responsible for all aspects of the valuation control framework for the North America Power, Gas and Environmental desk, including independent price verification, valuation and prudent valuation adjustments, valuation adjustments stress and fair value measurement.
  • Review complex transactions associated with the Global Gas 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, Quality Reporting and Technology and participate in regulatory exams and address bank's regulators inquiries


Required Qualifications, Capabilities, and Skills:

  • 7+ years of experience in financial industry or relevant experience
  • Commodities markets and/or market risk experience, products experience is mandatory.
  • Must have quantitative aptitude and keen interest in financial markets and products. Keen interest in developing and coaching a diverse team a must
  • Critical thinker with sound judgement and ability to challenge constructively
  • Curious personality; inclusive; detail oriented; Always looking to improve.
  • Strong communication skills and ability to synthesize complex subjects; Good at multi-tasking and prioritization
  • Basic Microsoft Office & strong Excel skills are required


Preferred Qualifications, Capabilities, and Skills:

  • Understanding of or training in financial products or derivatives pricing preferred
  • Knowledge of data science (e.g. Machine learning), analytics platform (e.g. Alteryx) and data visualization tool (e.g. Tableau) will be advantageous


About Us
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. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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
About the Team
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.

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JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands.

Technology fuels every aspect of our company and is at the heart of everything we do. With over 50,000 technologists globally and an annual tech spend of $12 billion, we are dedicated to improving the design, analytics, development, coding, testing and application programming that goes into creating high quality software and new products.

Learn more about technology at our firm, explore resources from our Distinguished Engineers, AI & ML researchers, and other experts; access the latest episode of our TechTrends podcast, and more at www.jpmorgan.com/technology. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

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