Corporate Controllers - Valuation Control Group Commodities - Vice President

JPMorgan Chase - New York, NY

Full-time - Senior

New York, NY

Credit Intermediation and Related Activities

About the position

As a Vice President of Corporate Controller in the Valuation Control Group Commodities team, you will play a pivotal role in overseeing the valuation control framework for the North America Power, Gas, and Environmental desk. This position encompasses a wide range of responsibilities, including independent price verification, valuation adjustments, and fair value measurement. You will be tasked with ensuring that the valuation controls accurately reflect market dynamics and that they are efficient and effective in capturing emerging valuation risks. Your role will involve reviewing complex transactions associated with the Global Gas business, where you will challenge the trading business to ensure that appropriate constraints and controls are in place. You will also partner with Quantitative Research and Model Review Groups to assess the limitations of trading models, implementing necessary compensating controls and adjustments. In addition to these responsibilities, you will own the relationship with the Front Office and key partners in Finance, Technology, and Risk. This will involve providing value-added analysis on month-end results, illiquid and concentrated valuation positions, and revenue from new deals and complex transactions. You will also participate in various projects within the group and the wider Finance organization, collaborating with Front Office, Quality Reporting, and Technology, and addressing inquiries from the bank's regulators during regulatory exams.

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.

Requirements

• 7+ years of experience in financial industry or relevant experience
• Commodities markets and 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