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CIB F&BM NA Rates Derivatives & Exotics Product Controller - Associate

Req #: 170096744
Location: New York, NY, US
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 3000 US Dollar (USD)

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.


The Corporate & Investment Bank (CIB) Finance and Business Management (F&BM) group provides financial advice to support the CIB’s business strategy and helps to ensure a sound control environment. Within F&BM, the four major areas of responsibility are: Business-aligned BMs (Business Managers), the CIB Controller, Support Staff CFO, and Planning and Analysis.


The North America Interest Rate Derivative Product Control team within IB Finance and Business Management is a New York-based group that provides finance support to the NA Swaps, Options & Exotics trading desks in the Fixed Income space. 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 Associate's responsibilities will include, but are not limited to:

  • Submit accurate and timely reporting disclosures, including but not limited to RWA, FVM/FVO, Reg. Cap & External Reporting requirements
  • Report variance and risk based commentary
  • Daily risk based (Greek) P&L Explains, understand the P&L drivers at both a deal-level and macro-level
  • Production and consolidation of daily profit & loss reports
  • Investigation and resolution of P&L estimate vs actual differences
  • Daily interaction with front office to ensure 100% P&L and Risk sign off
  • Work with financial control team to ensure the general ledger ties to front-end P&L(DRR)
  • Understand the legal, regulatory, compliance, credit, market risk management, tax and accounting issues as they relate to the product or booking entity
  • Work closely with Market Risk Coverage to report, validate and reconcile key risk metrics in VARS
  • Participate in process improvements and projects impacting current External reporting and P&L and risk functions.

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.

  • 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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