CIB - EMEA Rates Product Control - Associate

Job Description

Markets Product Controller team are searching for candidates to join their team supporting the EMEA Rates & Rates Exotics business.

The role entails independent, accurate and timely analysis of daily P&L and Risk for the trading desk. It’s expected the candidate will have extensive interaction with Front Office trading desk, Market Risk, and wider support functions team therefore strong communication skills, self-motivated & independence are essential to work directly without material supervision. Additionally, it provides the successful candidate with an excellent opportunity to learn and gain an in-depth understanding of the Interest Rate derivatives while getting exposure to the highest ranked Rates desk in Europe.

The product control function provides support to the financial controllers and trading desks to ensure that the P&L, balance sheet, and month end close procedures are done correctly and accurately.

For EMEA Rates, the desk trades a wide range of interest rate products such as Bonds, Repo, Interest Rate Swaps, IR Futures, Options on Futures, Bond Futures, to name a few across various curves and tenors within multiple European markets. Candidate is expected to think on their feet and deal independently with the wider regional teams.

Duties and Responsibilities:

• Daily review and reporting of P&L and Risk
• Validating and understanding daily P&L explains, entailing review of Volcker attributions, first order & higher order explains and residual amounts.
• Drive coordination across various front & back office support functions to ensure resolution of control and reporting issues in an accurate and timely manner
• Identify, design and implement new controls and processes around the P&L production to drive efficiencies and to keep up to date with Global Product Control standards
• Participating in a wide range of on-going and new projects ensuring the needs and requirements of Product Control are met
• Providing daily/weekly/monthly P&L commentaries to senior management, explaining P&L in terms of desk's risk position, strategy and economic factors
• Liaise with Financial Control to investigate and remedy cash flow breaks and review of the FX balances
• Provide guidance & leadership to team, self-driven to manage delivery & create efficiency
• Partner with the business to drive forth and implement robust controls and new business initiatives
• Handle various ad-hoc requests on a daily basis

Qualifications

• Work experience within Product Control, Financial Control, Accounting, or related area
• Good understanding of Interest Rates Derivatives ideally Structured/Exotics products, and associated Greeks
• Experience doing P&L and month end close process
• Excellent academic background – with a degree in Finance or Accounting, or other numerical discipline
• Solid understanding of financial products would be advantageous
• Strong analytical skills and attention to detail including a strong control focus
• Excellent communication skills and ability to develop strong working relationships.

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.