Valuation Controller - Vice President - Commodities

Location: LONDON, LONDON, United Kingdom

Job Family: Controller

About the Role

At J.P. Morgan Chase, we are a leading global financial services firm with a strong presence in commodities trading and risk management. As a Valuation Controller - Vice President in our Commodities Controller team based in London, you will play a pivotal role in safeguarding the integrity of our valuations across diverse commodity asset classes, including oil, natural gas, metals, and soft commodities. Reporting to the Head of Commodities Valuation Control, you will lead efforts to independently verify prices, challenge front-office valuations, and ensure compliance with global accounting standards and regulatory frameworks. This position demands a strategic thinker who can navigate complex market dynamics while fostering collaboration across trading, risk, and finance functions to mitigate valuation risks and support informed decision-making. Your core responsibilities will include overseeing the daily price verification process, utilizing advanced tools and market intelligence to validate fair values and investigate variances. You will work closely with traders and quants to address pricing challenges, implement robust control mechanisms, and contribute to the development of valuation policies that align with J.P. Morgan's commitment to transparency and accuracy. Additionally, you will lead a team of analysts, driving continuous improvement through automation and analytics, while preparing for regulatory audits and internal reviews. This role offers exposure to high-stakes commodities markets and the opportunity to influence firm-wide practices in a dynamic, innovative environment. J.P. Morgan Chase values integrity, excellence, and diversity, and we provide a supportive culture with world-class resources to help you thrive. If you have a passion for commodities and a proven expertise in valuation control, join us to shape the future of financial services in one of the world's most influential institutions.

Key Responsibilities

• Lead the price verification process for commodities portfolios, ensuring independent validation of fair values against market data and models
• Collaborate with front office trading, risk management, and product control teams to resolve valuation discrepancies and challenges
• Develop and implement valuation methodologies, including the use of Bloomberg, Reuters, and proprietary pricing tools
• Oversee the documentation and governance of valuation adjustments, escalations, and control frameworks
• Monitor market developments in commodities and assess their impact on portfolio valuations
• Conduct periodic reviews and stress testing of valuation models to ensure accuracy and compliance
• Mentor and manage a team of valuation analysts, fostering a culture of precision and innovation
• Liaise with external auditors and regulators to support valuation reporting and audits
• Drive process improvements through automation and data analytics to enhance efficiency
• Ensure adherence to J.P. Morgan's global control standards and contribute to firm-wide valuation policies

Required Qualifications

• Bachelor's degree in Finance, Accounting, Mathematics, or a related quantitative field; advanced degree (MBA, Master's in Finance) preferred
• Minimum of 7-10 years of experience in valuation control, price verification, or independent valuation within commodities trading or financial services
• Deep knowledge of commodities markets, including energy, metals, and agriculture, with expertise in pricing models and market data sources
• Professional certification such as CPA, CFA, or FRM
• Strong understanding of regulatory requirements like IFRS 13, Dodd-Frank, and EMIR for fair value measurements
• Proven track record in leading cross-functional teams in a high-pressure financial environment
• Fluency in English; additional languages such as those relevant to European markets are advantageous

Preferred Qualifications

• Experience in a Big Four firm or major investment bank with a focus on commodities valuation
• Familiarity with J.P. Morgan's internal systems and tools for risk and valuation management
• Prior leadership role in audit or control functions within trading operations
• Knowledge of sustainability and ESG factors impacting commodities pricing
• Advanced proficiency in Python or R for data analysis and automation

Required Skills

• Expertise in commodities pricing and valuation techniques
• Proficiency in financial modeling and Excel advanced functions
• Knowledge of derivatives pricing models (e.g., Black-Scholes adaptations for commodities)
• Strong analytical and quantitative skills
• Excellent communication and stakeholder management abilities
• Leadership and team-building skills
• Attention to detail and problem-solving mindset
• Regulatory compliance and risk assessment expertise
• Data analysis using SQL, Python, or VBA
• Project management for process improvements
• Adaptability to fast-paced trading environments
• Ethical judgment in financial controls
• Cross-cultural collaboration skills
• Technical proficiency in market data platforms like Bloomberg and Refinitiv

Benefits

• Competitive base salary and performance-based annual bonus
• Comprehensive health, dental, and vision insurance coverage
• Generous retirement savings plan with company matching contributions
• Paid time off including vacation, sick leave, and parental leave
• Professional development opportunities through J.P. Morgan's learning programs and tuition reimbursement
• Employee stock purchase plan and other financial wellness benefits
• Wellness programs including gym memberships and mental health support
• Flexible working arrangements and relocation assistance for international roles

JP Morgan Chase is an equal opportunity employer.