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CIB F&BM Securitized Products Group Product Control Associate

Job Description

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, 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

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.


The Securitized Products business is part of the Corporate & Investment Bank within JP Morgan. The business actively engages in the following business activities:

  • Acquires or originates, warehouses, and subsequently securitizes consumer and financial assets
  • Makes markets in existing securitized financial assets
  • Provides financing of consumer financial products
  • Underwrites securitizations for third party customers
  • Structures and trades in derivative products linked to securitized products

The Product Control function within CIB Finance and Business Management is responsible for:

  • The region/product cut of the books and records and control environment
  • Primary face to the business
  • Production and consolidation of actual and estimate P&L
  • Analysis of estimate to actual breaks
  • Produce and review daily P&L commentary
  • Control oversight and integrity of the financial statements and transaction end-to-end control
  • Ensuring accuracy in reporting of risk positions

Position Description

The Analyst role will be primarily supporting CMBS originations and trading desks within North America SPG. Responsibilities include:

  • Daily preparation, analysis, and verification of the daily trading estimate and reported P&L for Front Office sign-off. Requires daily interaction with Front Office traders, trading assistants, and Middle Office trade support
  • Provide financial oversight over month-end close working closely with the Financial Control hub in Delaware
  • Conduct investigations of breaks between P&L reporting system and the general ledger, cash wash breaks, and nostros
  • Understand accounting treatment and ensure compliance with appropriate corporate and regulatory requirements
  • Prepare required data submissions used for Corporate and Regulatory reporting (e.g. FVM (SFAS 157), FVO (SFAS 159), Specific Risk used in risk-weighted assets and Long Term Debt).  
  • Understand balance sheet usage and reporting
  • Consolidation accounting
  • Ensure appropriate legal entity reporting of products
  • Ensure a sound control environment.

  • Strong accounting background highly preferred
  • Bachelor’s degree in Accounting, Finance, Business or related area
  • Solid understanding of financial products such as loans and derivatives would be advantageous
  • Strong analytical, problem-solving abilities, and detail oriented
  • Good written and verbal communication skills
  • Team player
  • Strong Excel skills
  • Ability to multitask and prioritize effectively
  • Eager to challenge current processes

Req #: 180053396
Location: Brooklyn, NY US
Job Category: Accounting/Finance/Audit/Risk
Employment Type: Full Time
Potential Referral Amount: 3000 US Dollar (USD)

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