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CIB F&BM Commodities Product Controller

Req #: 170114071
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 $1.3 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset and wealth management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its JPMorgan and Chase brands. Information about the firm is available at http://www.jpmorganchase.com/


JPMorgan’s Global Commodities Group (GCG) business provides risk management solutions, develops investor products and makes markets in metals, energy, and agricultural commodities around the world.   The business is focused on serving both corporate clients (producers and consumers of commodities) as well as investor clients, in developing client-driven solutions matched with world-class client service and execution.

Controllers are both business-aligned, with accountability to the respective CFO, and support the overall F&BM organization. Controllers are 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.

Controllers are also responsible for financial / management reporting, including providing analytical support to the business CFOs on key topics such as business performance assessment, competitor analysis, annual budgeting and strategic planning; designing, establishing, and maintaining an efficient and effective MIS infrastructure to support delivery of required management information; and disseminating financial information and analysis to CFO groups on areas of key business importance to enable CFOs to support / advise business heads.

The team is located on the Commodities trading floor, and works across all areas of the businesses such as Trading, Marketing, Business Management, P&A, Product Control, Credit, Market Risk and Operations

Analysts/Associates can expect to be involved in projects across many of these areas, as needs can shift rapidly, and tight deadlines sometimes require “full-team” efforts.

The business activities in the US offices are as follows:
  • ITT Physical & Financial NGLs
  • Financial Crude & Heavy Crude
  • Financial Refined Products
  • Financial Plastics
  • Cross Energy (Oil, Power & Gas) Sales & Structuring teams
Job Description:

The role entails overseeing transaction cycle control around the daily P&L production / analysis as well as the month end processes. In addition the candidate will be expected to spend up 50% of time on projects. Specific role responsibilities are as follows:

Roles & Responsibilities:
  • Participate in the month end close process.  All month end close adjustments need to be understood and explained to Front Office and Finance Management. For example, significant credit charges, brokerage expenses, IB treasury funding charges …etc.
  • Run Risk and P&L explain for the trading desk, with an emphasis on understanding the story behind the numbers from a commercial and trading standpoint

  • Participate in end of day reporting process, client Value and Portfolio Management analysis.
  • Understand and contribute to the multiple projects that are ongoing in Commodities Product control including
    1. Pnl Onboarding to new target state system
    2. FRTB implementation
  • Continually challenging the business’ Target Operating Model
  • Drive standardization of process, application and data source.
  • Heavy interaction with Sales and Trading daily; confidence and communication skills imperative

Qualifications:

  1. Strong Excel skills
  2. Ability to work independently
  3. Effective Communication skills – ability to work constructively with teams from the Front Office, Finance, Risk, Middle Office and Settlements
  4. Strong analytical, quantitative, and problem solving skills
  5. Knowledge of JPM infrastructure systems is a plus
  6. Good relationship building skills and comfortable with business contact
  7. Accounting background (be able to understand rationale for accounting entries that are put through)
  8. Able to understand and support the strategy of the business in a growth environment
  9. Positive can-do attitude looking to add value across the breadth of the business
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