Rates Product Controller
- Experience level
- Qualified accountant
Two years ago JP Morgan established their Product Control presence in Warsaw with a vision to create a center of excellence that would be fully responsible for all aspects of the process and be the primary face off to all stakeholders including Front Office Traders and Market Risk. This provides their Warsaw controllers with the opportunity to gain an in-depth understanding and knowledge of the entire function and a full oversight of the workings of one of the World’s leading investment banks. Warsaw serves as a strategically important post Brexit location and we expertly train and develop the talent we employ to ensure they are fully integrated and comparable with controllers based in other global locations including London, New York, Singapore and Buenos Aires.
We need innovative, proactive and independent people to join our team who can help us achieve our vision. This team isn’t following just simple, daily procedures. We want employees to go beyond this with a real drive and determination to understand complex issues, drive impactful change and generate efficiencies. In exchange, we offer dynamic work environment in the biggest Investment Bank in EMEA, development paths off the chain with exceptional benefits program and a competitive compensation package.
We are currently recruiting for a position with the Rates Product Control team who support the EMEA Rates & Rates Exotics business, one of the largest Rates Trading franchises in the world.
The role entails independent, accurate and timely analysis of daily P&L and Risk for the Rates trading desk. The successful candidate will have extensive interaction with the Front Office trading desk, Market Risk and wider support functions team and will be required to have strong communication skills, be self-motivated and able to work independently without material supervision. The role also provides an excellent opportunity to learn and gain an in-depth understanding of Interest Rate derivatives trading strategies and risk management techniques via exposure to one of the highest ranked Rates trading desk in Europe. The Rates business trades a wide range of interest rate products such as Bonds, Repo, Interest Rate Swaps and FX forwards across various curves and tenors within multiple European markets.
- Daily reviewing 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.
- Identifying, designing and implementing 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
- Liaising with Financial Control to investigate and remedy cash flow breaks and review of the FX balances
- Basic knowledge of Interest Rates Derivatives
- Financial Services/major audit firm or Finance experience of at least 3 years.
- Excellent academic background to at least degree level
- Strong analytical and problem-solving skills with excellent attention to detail
- Ability to challenge efficiency and drive forward on change and innovation of processes
- Excellent communication skills with ability to understand/explain complex concepts
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 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. Further information about J.P. Morgan is available at www.jpmorgan.com.
JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package
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.