CIB F&BM CEM Product Control - Associate - NY - JPMorgan Chase - New York, NY

150105393

Job Description

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.

Group Description

The Emerging Markets (GEM) business is a Global business with hubs in Asia, London and NY and regional trading offices in Russia, Turkey, South Africa, Chile, Brazil, Argentina, Mexico. A range of Products are traded such as bonds (fixed coupon, FRNs, amortizing, step up / step down), equities, plain and exotic IR derivatives, FX options and futures, bond options, CDS and many structured trades for tax and legal management.

The overall function of the Finance P&L and Risk group is to support and be knowledgeable of the GEM business in its day-to-day process ensuring trade capture, settlement, post settlement events as well as general ledgers & P&L/ Risk reports, regulatory and operating controls, policies and procedures are adhered. Performance of the business is measured by revenue, allocated franchise, RWA, ROE and SVA measures and also by analysis of market share. The target client base include both primary and secondary market clients, corporate, sovereign, financial institution, real estate investment funds and financial sponsors which finance their activities regularly in the international markets.

The role is targeted at the Associate Level with 2-3 years of experience. The successful candidate will work closely with the financial control, trade support, FO & various controller teams along with other operational partners as necessary to support the trading desk.

Key Responsibilities

Report daily P&L for the various GEM desks as well as liaising with Accounting and Financial Control teams who reconcile to the GL.

• Provide detailed explanation of P&L by market movements and risk on products such as FX, rates and derivatives.


• Analyze FX and market risk and provide risk positions to the Front Office, Finance and Market Risk teams.


• Work in partnership with the Accounting and Finance teams and assist with month end accounting in the regional system.


• Reconcile daily P&L report between FO and Risk Management Systems.


• Participate in projects partnering with Business Management, Technology and Operations that involve analyzing, implementing and enhancing new products and procedures.

Gather information from Front Office to report daily P&L estimates and investigate and resolve trader disagreements with P&L.

Work closely with Traders to address any queries they may have ranging from trade capture to P&L.

Work with other areas of Middle Office to explain Actual to Estimate P&L variances and consolidate P&L signoffs that are reported to senior management.

Building and sustaining strong working relationships with Back, Middle and Front Offices as well as CFOs & Legal Entity Controllers (both internal and external from Emerging Markets).

Ensure appropriate and timely escalation of issues.

Understand and ensure compliance with control and regulatory requirements.

Participate in the development and implementation of strategic initiatives – I.T. projects, system implementation and testing.

Identify process and control improvements and maintain control checks in all spreadsheets.

Qualifications

Key Skills

Has worked in an finance, business management, P&L or risk or operations/middle office department with 2-3 years’ experience

Experience working with the Front Office for problem resolution in a timely manner.

Experience with Transaction Systems or Trade Support and understanding of the Transaction Life Cycle

Ability to adapt to opportunities presented through change

• Knowledge of fixed income, derivatives, FX and inflation products


• Understand P&L concepts such as Mark-to-Market, present value, carry and Greeks


• Familiarity with accounting and financial control procedures.

Self-motivated, excellent organizational skills, ability to work under pressure and to strict deadlines

Highly skilled at problem solving with a logical and tenacious approach

Prepared to question the norm where appropriate and ability to challenge and improve the efficiency of existing processes

Proficient with Excel

Excellent time management and multi-tasking skills

Systems Experience

MS Suite of applications

Experience with Murex, TSS/STS, ISIS a plus

Prior knowledge of JP Morgan Financial Systems suite and any accounting experience would be advantageous

Qualifications

Degree in Business, Accounting or Finance

JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.

Job

Finance

Primary Location

US-NY-New York-383 Madison Avenue (BSC) / 41039

Organization

CORPORATE & INVESTMENT BANK

Schedule

Full-time

Job Type

Standard

Shift

Day Job

Corporate Brand

JPMorgan Chase & Co.