About J.P. Morgan's Corporate & Investment Bank
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 50 countries. The Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. Further information about J.P. Morgan is available at www.jpmorgan.com.
The European Credit Markets Product Control team provides support for the European Credit Markets business. The business is a pre-eminent player in making markets for a spectrum of credit products across the EMEA region, primarily CDS, bonds, loans and indices as well as support for the correlation business Credit Hybrids.
The Product Control team undertakes P&L and Risk validation, reporting, balance sheet and capital management whilst also ensuring accuracy and integrity of the financial statements. It also fully immersed in strategic developments and initiatives including new regulatory requirements such as Leverage and CRM Surcharge
Roles & Responsibilities
The candidate would be an Associate with strong analytical skills and attention to details. Past experience through either employment or education in financial markets, sciences or other numerical disciplines.
The key responsibilities of the role would include: -
· Product controllers are responsible for the accuracy and integrity of LOB books and records. This responsibility encompasses:
Trader P&L/Risk reporting and Control
Daily revenue reporting of estimate and actual P&L
Month-end close process, working in partnership with Financial Control, VCG and Legal Entity Controllers
Ensuring correct risk sensitivity is sent to VaR and resulting back testing results
Preparation of Commentary for trading results, linking trading revenues to desk strategies and changes in market conditions.
Establish a thorough understanding of the technology platform & associated feeds/downstream systems.
Project Management for new business initiatives and strategic upgrades.
Direct work on new regulatory and capital processes for the Credit Hybrids such as Leverage Ratio and CRM Surcharge.
Strong analytical skills
Strong interpersonal/communication skills
Professional attitude, team player with an approachable manner
Attention to detail and ability to work effectively to tight deadlines
Ability to challenge efficiency and drive forward on change and innovation of processes
Good Excel knowledge
All internal moves will normally take place on the same grade and same salary. Salaries are reviewed annually in February. Exceptions to the rule regarding transfer on current salary may include a move between geographic locations.
Please note that J.P. Morgan will not accept unsolicited approaches or speculative CVs, nor will J.P. Morgan be responsible for any related fees, from Third Party Firms who are not preferred suppliers.
The firm invites all interested and qualified candidates to apply for employment opportunities.
If you are a US or Canadian applicant with a disability who is unable to use our online tools to search and apply for jobs, please contact us by calling (US and Canada Only) 1-866-777-4690. Please indicate the specifics of the assistance needed.