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 Credit Trading & Syndicate business within Investment Bank Fixed Income Division is a market leader in credit products for a wide range of clients globally. The Credit Trading & Syndicate Product Control function is primarily responsible for the Balance Sheet and Capital Management, P&L production and Risk management control of both the standard and non standard elements of the business.
The Credit Trading Product Control is primarily responsible for the P&L, Risk management and control of both the standard and non standard elements of the Credit business. Products include:
- Credit Derivatives
- Asset Swaps
- Credit Linked Notes
- Index Trading
- Credit Spread Options
- Complex Asset Swaps
- Secondary Structured Notes
- Total Rate Of Return Swaps
- Exotic Credit Derivatives
Roles & Responsibilities
Senior Associate level employee who has had 3-4 years previous experience of working within the Derivative P&L or Risk functions, and 5-6 years total working experience.
The key responsibilities of the P&L team are:
Ø Production, preparation and reporting of the daily P&L and risk management information
Ø Understand, produce and explain daily P&L into constituent risk components; investigating any issues as needed
Ø Review with FO to obtain sign-off and for any ad hoc requests and queries. First point of contact for FO.
Ø Additional liaison with other middle office areas, back office, FVP and technology development groups and point of contact for all downstream issues (e.g. Collateral, Credit, Settlements)
Ø Liaison with accounting control group to help investigate any issues around daily monitoring and review of the general ledger to reported P&L and month-end reporting and substantiation
Ø Manage projects and initiatives related to all of the above as well as larger cross-business programmes
Ø Be an active part of the team, coming up with ideas and suggestions for improvements etc.
The two most important characteristics required are the potential to succeed and an active interest in PNL, risk and the credit products.