Credit Portfolio Group – Product Controller - Associate

JP Morgan

Location: Greater London

Job Type: Full time

Posted


The Global Collateral Trading desk is one of 3 teams in Collateral Management & Optimization (“CM&O”) along with DD Trading and Margin Strategy. CM&O has a reporting line into Rates but sits within the wider Credit Portfolio Group (“CPG”) which also performs XVA risk management and pricing functions for the firm.
The desk is responsible for bearing and optimizing the funding costs arising from JPM’s derivative collateral exposures, bearing ultimate responsibility for sourcing cash/non-cash collateral to meet Initial Margin (“IM”) and Variation Margin (“VM”) requirements. The desk works closely with the rest of Rates and Fixed Income Financing (“FIF”), among other front office teams, as well as numerous support teams which are key in solving for the management of physical collateral

As a Credit Portfolio Group – Product Controller - Associate you will sit within the product control function and provide support to the financial controllers and Global Collateral Trading desk to ensure that the P&L, balance sheet, and month end close procedures are done correctly and accurately. As a successful candidate you will be responsible for leading the GCT product control deliverables, and can expect to have regular interaction with senior management on balance sheet queries and P&L drivers.

Job Responsibilities

  • Assist with daily P&L reporting and month-end close processes
  • Provide detailed analysis and reporting on the financials to desk heads, business managers, and senior finance management
  • Partner with the business to drive forth and implement robust controls and new business initiatives
  • Drive coordination across various front & back office support functions to ensure resolution of control and reporting issues in an accurate and timely manner
  • Serve as an analytical and project support resource for product control
  • Handle various ad-hoc requests on a daily basis

Required Qualifications, Skills and Capabilities

  • Work experience within Product Control, Financial Control, Accounting, or related area
  • Experience doing P&L and month end close process
  • Bachelor’s degree in Accounting, Finance, Business or related area
  • 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
  • Balance sheet or Regulatory reporting experience is highly desired