Job Title: EMEA Rates Balance Sheet & External Reporting Controller (Associate)
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 the most respected financial institution in the world – and why we can offer you an outstanding career.
The External reporting controller team provides support to EMEA Rates business. The business is a pre-eminent player in making markets for variety of IR product across the EMEA region, primarily IRS, XCS, bonds, swaption, exotic swap, exotic option and structured notes.
Finance & Business Management's (F&BM) goals are to ensure a sound control environment and provide financial advice to support the business strategy. Within F&BM, the Controllers organization is responsible for ensuring the overall integrity and validity of the financial statements and controls over the transaction cycle; performing critical reporting functions for the organization, including legal entity, financial and regulatory, as well as product valuation; and improving ongoing processes, and ensuring execution and implementation of the overall financial architecture.
The External Reporting Team within Product Controller function is primarily responsible for:
Ensuring that the production of quarterly external reporting disclosures such as FVM (Fair Value Measurement), FVO (Fair Value Option) are timely, accurate and complete
Liaising with Accounting Policy to ensure compliance with Corporate Regulatory requirements
Overall Balance Sheet, Capital and RWA monitoring
Working closely with LOB product controller (P&L) team and coordination across other central teams to facilitate reporting
Supporting the business in implementing changes in the regulatory framework
Key Roles & Responsibilities
In addition to the overall responsibilities for the External reporting team as stated above, the job specific responsibilities mainly include:
Daily Balance sheet monitoring for various desks and legal entities used by the business covering various products: derivatives, securities and FX
Oversee the Capital and RWA monitoring process and provide commentary to senior management for significant movements
Work closely with our PnL teams to monitor the impact of Funding to the overall business
RWA analysis per business including general market risk RWA, credit risk and specific risk RWA
Participate in the design and development of a strategic tool for balance sheet analysis and external reporting
Support or owning firm wide Product Control initiatives and projects to streamline processes or address new regulatory requirements
Produce our LOB aligned Advanced Pricing Agreement in close coordination with Tax
- Understanding of Fixed Income Derivatives products especially IRS, XCS, FXForward and securities.
- Understanding of IR-FX Exotic derivative is preferable.
- Positive, can-do attitude and strong control mindset.
- Good understanding of accounting and external reporting concepts.
- Strong analytical and problem-solving skills with good attention to detail.
- Ability to challenge efficiency and drive forward on change and innovation of processes.
- Good communication skills & team worker.
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 www.jpmorgan.com.
JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer.