Valuation Control Group - North America Non Linear Rates - Vice President

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 adjustments
• Assist 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 framework
• Partner with various functional groups on valuation related issues and develop/implement appropriate measures with the goal of ensuring fair value
• Enhance existing control framework including reviewing independent pricing processes, assessing potential coverage developments and implementing new tools to enhance control efficiency
• Conduct value-added projects related to Business, Risk, and Finance initiatives
• Minimum 7+ years of related experience
• Ability to understand complex products, and analyze transaction and process flows
• Understanding of valuation concepts as they pertain to financial products and derivatives, basic accounting knowledge
• Analytical and quantitative aptitude
• Strong verbal and written communications skills
• Ability to prioritize multiple tasks efficiently
• Undergraduate degree with finance and economics major preferred
• Graduate degree with finance, economics, mathematics, engineering a plus
• Work experience in financial industry a plus
• Candidates with quantitative backgrounds preferred
• Experience with Advanced Excel, PowerPoint, Visual Basic, automation and database skills a plus

Required Qualifications, Capabilities, and Skills:

• Minimum 7+ years of related experience
• Ability to understand complex products, and analyze transaction and process flows
• Understanding of valuation concepts as they pertain to financial products and derivatives, basic accounting knowledge
• Analytical and quantitative aptitude
• Strong verbal and written communications skills
• Ability to prioritize multiple tasks efficiently

Preferred Qualifications, Capabilities, and Skills:

• Undergraduate degree with finance and economics major preferred
• Graduate degree with finance, economics, mathematics, engineering a plus
• Work experience in financial industry a plus
• Candidates with quantitative backgrounds preferred
• Experience with Advanced Excel, PowerPoint, Visual Basic, automation and database skills a plus