JPMorganChase
Middle Office Product Control, Associate
JPMorganChase, Newark, Delaware, United States, 19711
Overview
The execution middle office provides transaction analysis, P&L and risk, and project support to the T/CIO desks which execute transactions and manage resulting positions. The associate will lead analysis for one of the CIO's main products in the effort to ensure the business's financials are well supported and properly controlled. One of your primary purposes will be to work with the Front Office to obtain their P&L and Risk signoff for each day. Separately, Product Controllers help ensure proper reporting of Interest Rate Risk, Market Risk, and other regulatory reporting requirements. As a Product Controller, Associate on the Executive Middle Office team, you will possess a financial mindset, an appreciation for complex system flows and the controls necessary to ensure your accuracy, a thorough understanding of financial instruments and relevant accounting principles, an aptitude for root/cause analysis, and an overriding eagerness to exhibit leadership and drive. Job Responsibilities
Provide Production and substantiation of P&L and Risk to CIO/Treasury FO/Management Provide supervisory oversight of daily P&L/Risk process performed by junior team members Review daily system-to-system reconciliations and feeds relating to CIO & Treasury Monitor Market Risk related controls, including updating/monitoring of risk limits and reporting clean P&L for VaR back testing Contribute to New Business initiatives including on-boarding a new product and designing middle office workflow; provide analysis/advice around booking strategies and operational procedures Provide support for ad hoc requests and queries from various stakeholders Review current processes, identify opportunities for improving efficiency and controls and delivering tactical/strategic solutions Work in close partnership with Market Risk, Business Management, Trade support, Financial controllers, VCG, Technology to ensure adequate controls on overall P&L and Risk numbers Participate in Strategic Re-engineering and global projects involving front/back end systems, and closely partner across 3 regions; deliver substantive and meaningful contribution to the team\'s work product Understand and contribute to control frameworks, e.g., Control Self Assessment (CSA), Sarbanes-Oxley (SOX) & Business Control Committees (BCCs) Required Qualifications, Skills, and Capabilities
Degree holder major in Finance, Accounting or other management discipline 3+ years in Middle Office, Market Risk, Valuation, Finance or Product Control Works independently and makes decisions, escalates when appropriate Good communication skills, robust and credible partner Detail oriented; ability to deep dive on processes and improve controls/efficiencies Good product knowledge with hands-on experience in Fixed income & Treasury products Good understanding of transaction cycle, infrastructure and related operational and financial processes and controls Strong relationship-building and networking skills Ability to handle a high level of ad hoc requests and deliver under pressure Excel proficiency About Us
JPMorgan Chase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world\'s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management. We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support and more. Additional details about total compensation and benefits will be provided during the hiring process. 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 value diversity and inclusion. We do not discriminate on the basis of protected attributes, and we also make reasonable accommodations for applicants\' and employees\' religious practices and beliefs, as well as mental health or physical disability needs. We are an Equal Opportunity Employer, including Disability/Veterans. Details about accommodations are available through our FAQs and during the hiring process. About the Team
Our professionals in Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams support the business, clients and employees across the firm. Operations teams develop and manage secure service solutions to meet clients\' needs globally, delivering technology-driven capabilities that enhance client experiences.
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The execution middle office provides transaction analysis, P&L and risk, and project support to the T/CIO desks which execute transactions and manage resulting positions. The associate will lead analysis for one of the CIO's main products in the effort to ensure the business's financials are well supported and properly controlled. One of your primary purposes will be to work with the Front Office to obtain their P&L and Risk signoff for each day. Separately, Product Controllers help ensure proper reporting of Interest Rate Risk, Market Risk, and other regulatory reporting requirements. As a Product Controller, Associate on the Executive Middle Office team, you will possess a financial mindset, an appreciation for complex system flows and the controls necessary to ensure your accuracy, a thorough understanding of financial instruments and relevant accounting principles, an aptitude for root/cause analysis, and an overriding eagerness to exhibit leadership and drive. Job Responsibilities
Provide Production and substantiation of P&L and Risk to CIO/Treasury FO/Management Provide supervisory oversight of daily P&L/Risk process performed by junior team members Review daily system-to-system reconciliations and feeds relating to CIO & Treasury Monitor Market Risk related controls, including updating/monitoring of risk limits and reporting clean P&L for VaR back testing Contribute to New Business initiatives including on-boarding a new product and designing middle office workflow; provide analysis/advice around booking strategies and operational procedures Provide support for ad hoc requests and queries from various stakeholders Review current processes, identify opportunities for improving efficiency and controls and delivering tactical/strategic solutions Work in close partnership with Market Risk, Business Management, Trade support, Financial controllers, VCG, Technology to ensure adequate controls on overall P&L and Risk numbers Participate in Strategic Re-engineering and global projects involving front/back end systems, and closely partner across 3 regions; deliver substantive and meaningful contribution to the team\'s work product Understand and contribute to control frameworks, e.g., Control Self Assessment (CSA), Sarbanes-Oxley (SOX) & Business Control Committees (BCCs) Required Qualifications, Skills, and Capabilities
Degree holder major in Finance, Accounting or other management discipline 3+ years in Middle Office, Market Risk, Valuation, Finance or Product Control Works independently and makes decisions, escalates when appropriate Good communication skills, robust and credible partner Detail oriented; ability to deep dive on processes and improve controls/efficiencies Good product knowledge with hands-on experience in Fixed income & Treasury products Good understanding of transaction cycle, infrastructure and related operational and financial processes and controls Strong relationship-building and networking skills Ability to handle a high level of ad hoc requests and deliver under pressure Excel proficiency About Us
JPMorgan Chase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world\'s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management. We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support and more. Additional details about total compensation and benefits will be provided during the hiring process. 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 value diversity and inclusion. We do not discriminate on the basis of protected attributes, and we also make reasonable accommodations for applicants\' and employees\' religious practices and beliefs, as well as mental health or physical disability needs. We are an Equal Opportunity Employer, including Disability/Veterans. Details about accommodations are available through our FAQs and during the hiring process. About the Team
Our professionals in Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams support the business, clients and employees across the firm. Operations teams develop and manage secure service solutions to meet clients\' needs globally, delivering technology-driven capabilities that enhance client experiences.
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