The Valuation Control Group (VCG) is organized along business lines including Corporate & Investment Bank (Macro Products, Credit, Equities, Securitized Products, IB Risk), CIO, Treasury & Corporate (CTC), Asset Management, Consumer & Community Banking (CCB) and Commercial Banking (CB). Clients of the group include senior management, business heads, regulators, and both internal and external audit.

As a Valuation Controller in the VCG Non Linear NA Rates team based in New York, you will work with a wide array of Rates products. The role performs critical independent price verification and fair value adjustment processes for our Global Rates portfolio while partnering with cross-functional teams to enhance valuation control frameworks and ensure regulatory compliance. The position involves implementing innovative control tools, reviewing independent pricing processes, and supporting strategic Business, Risk, and Finance initiatives that drive operational efficiency and maintain accurate fair value determination across our Rates operations.

Job Responsibilities: 

Execute price verification/benchmark process including the calculation of fair value adjustmentsAssist with various VCG established practices and control initiatives as well as perform necessary work relating to management reporting, regulatory mandates and consistency within the broader VCG frameworkPartner with various functional groups on valuation related issues and develop/implement appropriate measures with the goal of ensuring fair valueEnhance existing control framework including reviewing independent pricing processes, assessing potential coverage developments and implementing new tools to enhance control efficiencyConduct value-added projects related to Business, Risk, and Finance initiatives

Required Qualifications, Capabilities, and Skills:

Minimum 7+ years of related experienceAbility to understand complex products, and analyze transaction and process flowsUnderstanding of valuation concepts as they pertain to financial products and derivatives, basic accounting knowledgeAnalytical and quantitative aptitudeStrong verbal and written communications skillsAbility to prioritize multiple tasks efficiently

Preferred Qualifications, Capabilities, and Skills:

Undergraduate degree with finance and economics major preferredGraduate degree with finance, economics, mathematics, engineering a plusWork experience in financial industry a plusCandidates with quantitative backgrounds preferredExperience with Advanced Excel, PowerPoint, Visual Basic, automation and database skills a plus