Apply Now    

Corporate - VCG Fixed Income - Product Controller - Associate

Req #: 180014308
Location: London, ENG, UK
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 3500 Pound Sterling (GBP)
About J.P. Morgan
J.P. Morgan is a leader in financial services, working in collaboration across the globe to deliver the best solutions and advice to meet our clients’ needs, anywhere in the world.  We operate in 150 countries, and hold leadership positions across our businesses.  We have an exceptional team of employees who work hard to do the right thing for our clients and the firm, every day.  This is why we are one of the most respected financial institutions in the world – and why we can offer you an outstanding career.
Our business
The Valuation Control Group (VCG) has Firmwide ownership of the policies for Independent Price Testing and Valuation Adjustments for all traded Instruments, to ensure that the Firm’s risk positions on the Books and Records reflect Fair Value. In this respect VCG:
  • Tests all market prices independently, typically using consensus data (Totem) or brokers
  • Agrees Valuation Adjustments, to bring a mid price to “exit value”, to reflect liquidity or uncertainty around the mid price
  • Reviews Approximately Loaded trades in conjunction with Middle Office and Model Review
  • Escalates Valuation Issues to Senior Business and Finance stakeholders
  • Defines trade classification levels for external disclosure
The opportunity is for an Associate to fill a role primarily covering the Global FX Options desk within CEM.
Key responsibilities:
  • Global FX Independent Price Verification and Valuation Adjustments
  • Direct Interaction with peers in other control functions in the Region
  • Facing FX / Option Traders
  • Prudent Valuation process for FX

The role requires a good understanding and keen interest in financial markets, combined with strong analytical abilities, clear verbal and written communication skills and willingness to contribute as part of a high performing team. The candidate should have the following core competencies:

  • Degree in a quantitative discipline such as Mathematics, Physics or Economics (Graduate degree preferred)
  • Expertise in financial products and derivatives valuation. Understanding of macroeconomic and political developments and their impact on financial markets. 
  • Strong commitment to learn, think creatively and operate in a fast changing environment by prioritizing effectively to meet objectives
  • Excellent written and verbal communication skills and ability to communicate in a clear and concise manner
  • Attention to detail and strong control mindset - challenge constructively, handle disputes, negotiate with traders while upholding the control framework
  • Strong technical capabilities in order to lead infrastructure enhancements and solid project management skills are essential, being able to reach consensus across varying levels of seniority and to drive initiatives to completion
  • High emotional intelligence - working well with others, displaying confidence and a positive attitude.



About J.P. Morgan’s Corporate & Investment Bank
J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.  Further information about J.P. Morgan is available at
JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer.
Apply Now    

Join our Talent Community

Not ready to apply? Leave your information with us and we will keep you up to date with new career opportunities.

Things to note

Sign in to our application system to continue your job search or update your profile.

Current employees sign in here. Contractors sign in here.

Any information you provide is confidential and will only be viewed by our recruiters in an effort to fill open positions. In addition, the information you provide is subject to our privacy policy practices.

Please note that J.P. Morgan will not accept unsolicited approaches or speculative CVs, nor will J.P. Morgan be responsible for any related fees, from Third Party Firms who are not preferred suppliers.

The firm invites all interested and qualified candidates to apply for employment opportunities.

Need disability related assistance?

If you are a US or Canadian applicant with a disability who is unable to use our online tools to search and apply for jobs, please click here.

Important links

Click here to view the "EEO is the Law" poster.

Click here to view the "EEO is the Law" supplemental poster.

Click here to view our U.S. Pay Transparency Policy.

JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.