J.P. Morgan

Valuation Control Group - Differential Discounting - Vice President

J.P. Morgan
London, UK
Highly competitive compensation package
20 Feb 2024
14 Mar 2024
Approved employers
Approved employer
Contract type
Full time
Experience level

Job Description

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. Our Valuation Control team is responsible for executing the price verification process and partnering with various functional groups on valuation issues. The role is advertised as VP but experienced Associate would also be considered. 

As a Vice President in the Valuation Control Group - Differential Discounting within the Valuation Control Team, you will oversee the Differential Discounting Business. This role involves regular interaction with the trading desk, Market Risk, MGG, and P&L controllers. You will also supervise junior team members in a different location. Your role will necessitate a deep understanding of interest-rate products and differential discounting.

Job Responsibilities

  • Executes price verification/benchmark process including the calculation of fair value adjustments
  • Assists 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
  • Partners with various functional groups on valuation-related issues and develop/implement appropriate measures with the goal of ensuring fair value
  • Enhances existing control framework including reviewing independent pricing processes, assessing potential coverage developments and implementing new tools to enhance control efficiency
  • Leads value-added projects related to Business, Risk, and Finance initiatives

Required qualifications, capabilities, and skills

  • Relevant previous work experience
  • Undergraduate degree with finance and economics major preferred
  • Graduate degree with finance, economics, mathematics, engineering
  • 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
  • Experience with Advanced Excel, PowerPoint, Visual Basic, automation, and database skills
  • Ability to prioritize multiple tasks efficiently


J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

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.


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.

For further information, and to apply, please visit our website via the “Apply” button below.

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