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CIB F&BM NA Rates - Government, Agency & Inflation - Product Controller - Vice President

Req #: 170088054
Location: New York, NY, US
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 5000 US Dollar (USD)

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.4 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the worlds most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. www.jpmorganchase.com.

 

Finance & Business Management’s goals are to ensure sound control environments 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, both financial and regulatory, as well as ensuring execution and implementation of the overall financial architecture.

 

The North America Rates Product Control team within IB Finance and Business Management is a New York-based group that provides finance support to the NA Government, Agency, Inflation, Swaps, Options & Exotics trading desks. The desk’s mandate is to offer solutions to its clients primarily through interest rate derivative products, including but not limited to interest rate swaps, options, swaptions and inflation-linked products along with structured note issuances and cash products. Through partnering with financial control, front office, business management, middle office and operations, the Product Controllers are tasked with the production of daily P&L/risk, balance sheet capital management and ensuring the accuracy and integrity of the financial statements, while driving the control agenda across the business.

The Product Control responsibilities will include, but are not limited to:

  • Manage the NA Government, Agency and Inflation P&L and Risk Desk with 3 direct reports
  • Oversee daily risk based (Greek) P&L Explains, understand the P&L drivers at both a deal-level and macro-level  and provide commentary to senior management
  • Manage production and consolidation of daily profit & loss reports
  • Daily interaction with front office explaining actual vs estimate differences
  • Work with financial control team to ensure the general ledger ties to front-end P&L (DRR)
  • Work closely with Market Risk Coverage to validate and reconcile key risk metrics in VARS
  • Participate in process improvements and projects impacting current P&L and risk functions
  • Ensure the overall integrity and validity of the financial statements
  • Provide analytical support to the business via various financial and management reports
  • Understand the legal, regulatory, compliance, credit, market risk management, tax and accounting issues as they relate to the product or booking entity

The candidate must be highly-motivated and able to shift focus between tasks with relative ease. The individual should also be flexible enough to shift workload in accordance with changing priorities, and be comfortable dealing with a sometimes stressful and fast-paced trading and month end priority-driven environment.


Qualifications:

Bachelor's degree in Finance, Accounting, Business, Mathematics

  • Previous experience in a Product Control, Middle Office or similar P&L/Risk-focused role
  • Derivative product knowledge, understanding of Greeks
  • Comfort liaising with senior team members
  • Strong analytical skills
  • Ability to multi-task in a constantly changing environment
  • Excellent desktop/spreadsheet/database skills - preferably VBA
  • Excellent organizational and problem-solving skills
  • Excellent verbal and written communication skills
  • Time management; organization and prioritization of tasks, setting own deadlines and working to defined targets

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