CIB F&BM Rates Product Controller, Analyst-180076853
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
****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:
Production and consolidation of daily profit & loss reports
Daily risk based (Greek) P&L Explains, understand the P&L drivers at both a deal-level and macro-level
Report variance and risk based commentary
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.
Submit accurate and timely reporting disclosures, including but not limited to RWA, FVM/FVO, Reg. Cap & External Reporting requirements
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.
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.
US-NY-New York-383 Madison / 41039
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