Rates Product Control Manager

Job Description

Rates Product Control are currently recruiting an experienced VP to manage and run their EMEA Exotics Product Control team. The role will suit someone with extensive PC knowledge and expertise at a VP level who is looking to progress their career to the next level. They will be expected to actively participate and contribute to driving key Rates and Product Control initiatives in partnership with senior Regional and Global Controllers.

Rates Product Control provides an excellent opportunity to deepen and enrich an understanding of Interest Rate derivatives trading strategies and risk management techniques via exposure to one of the highest ranked Rates trading desks. The role encompasses responsibilities for both PnL and Risk with significant interaction with a range of stakeholders from Front Office, Market Risk Coverage and other key control functions. The role also offers opportunities to gain exposure to a number of areas beyond PnL and Risk such as capital calculation, management and optimisation and various aspects of balance sheet and regulatory reporting.

The role requires an experienced controller who is capable of working independently on multiple different projects across the Finance and Risk space in addition to their daily BAU responsibilities.   They will also need to be proactive with the ability to independently identify areas of focus or detect potential control issues before problems occur. In addition, they will also need to possess excellent project management skills with the ability to own and drive projects to completion ensuring changes are aligned to PC strategic objectives and opportunities for improvements are identified and implemented. 

Duties and Responsibilities:

• Managing and developing the EMEA Rates Exotics Product Control team of 6 people responsible for the production, preparation and reporting of the Daily Exotics P&L and Risk and ensuring it is completed in an efficient and controlled manner
• Partnering with the wider business to drive forth and implement robust controls and implement strategic initiatives 
• Providing detailed analysis and commentary on the financials to desk heads, business managers, and senior finance management
• Coordinating various front & back office support functions to ensure resolution of control and reporting issues in an accurate and timely manner
• Identifying and Implementing continuous improvements and ensuring processes adapt to meet changing systems and evolving requirements
• Driving key projects and initiatives related to all of the above, as well as larger cross-business programs

Qualifications

• Extensive experience of operating at a VP level within Product Control or a closely related area
• People management experience
• Solid understanding of Interest Rate Derivatives and an understanding of associated exotic products including accompanying risks
• Excellent analytical skills and attention to detail including a strong control focus
• Excellent communication skills and ability to develop strong working relationships.
• Educated to at least Bachelor’s degree (or equivalent) level

About Us

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.

About the Team

The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.

Global Finance & Business Management works to strategically manage capital, drive growth and efficiencies, maintain financial reporting and proactively manage risk. By providing information, analysis and recommendations to improve results and drive decisions, teams ensure the company can navigate all types of market conditions while protecting our fortress balance sheet.

For further information, and to apply, please visit our website via the “Apply” button below.