CIB – P&L Attribution Controller
The J.P. Morgan Markets businesses are global leaders in providing a wide range of financial products and solutions to investor and issuer clients. Major business segments include Credit Trading & Syndicate, Global Rates & Rates Exotics, Public Finance, Securitized Products, Currencies Emerging Markets, Global Equities & Global Commodities.
Finance & Business Management Overview
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.
Profit & Loss Attribution analysis and reporting are key control activities which contribute in a significant manner to the product control and valuation framework and also serve as important components of the Firm’s overall risk management process. Finance Senior Management has established a Firm-wide P&L Attribution Policy and Governance Framework to oversee the Firm’s P&L Attribution processes and methodologies.
The successful candidate will be an experienced and highly motivated Associate who will help drive the successful implementation of the P&L Attribution agenda. The role requires working very closely with the senior Product Controllers in the CIB, CCB, Treasury & Asset Management businesses in addition to partnering with senior leads across functions including Model Risk Governance & Review, Market Risk and Valuation Control Groups.
The role is positioned within the Product Control Governance Team. Although the team reports within the wider Markets Product Control team, the scope of the P&L Attribution role is firm-wide.
The role offers the opportunity to gain a deep understanding of the Firm’s products and P&L Attribution methodologies, market risk concepts and controls in addition to interaction with senior management. The expectation is for this individual to help lead and drive related projects from initial design to final implementation.
Assisting with the cross business execution of the firm-wide governance & reporting of the P&L Attribution Policy and related Standards.
Understand and help converge the P&L Attribution methodologies used firm-wide for similar products
Become the key contact and subject matter expert for matters pertaining to P&L attribution methodologies & processes
Assist with organising the P&L Attribution agenda and ensure that significant items across Lines of Business are escalated to be discussed in the firm-wide P&L Attribution escalation forums with senior Finance & other functional leaders
Participate in designing and implementation into production of standard P&L Attribution metrics reporting across all Lines of Business
Assist with setting up P&L Attribution working groups with representatives from the Controller’s organisation across Lines of Business
Assist with coordinating and preparing responses to regulatory agencies, pertaining to requests or regulatory exams relating to P&L Attribution and related topics
Assist with other projects and initiatives owned by the wider Product Control Governance Team, e.g Volcker Rule compliance
3+ years’ experience in Product Control, Valuation Control or Marker Risk.
Strong verbal and written communication skills, including assisting with preparing & presenting materials to senior management.
Strong analytical skills, with ability to articulate and summarize findings to a broad audience.
Knowledge of financial products including derivatives.
Knowledge of P&L Attribution and Market Risk concepts
Ability to influence and facilitate desired actions from virtual teams
Creative self-starter with strong initiative, ability to take ownership and work independently as well as contribute to the broader team
Job PRODUCT CONTROL
Primary Location GB-ENG-LND-25 Bank Street
Organization CORPORATE & INVESTMENT BANK
Job Type Standard
Shift Day Job
Corporate Brand J.P. Morgan
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.