The role entails independent, accurate and timely analysis of daily P&L and Risk for the Rates trading desk. The role involves extensive interaction with various teams, requiring strong communication skills, self-motivation, and the ability to work independently. It offers an opportunity to learn about Interest Rate trading strategies and risk management techniques
As a Rates Product Control Specialist in the Product Control team, you will have extensive interaction with the Front Office trading desk, Market Risk and wider support functions team. You will be required to have strong communication skills, be self-motivated and able to work independently without material supervision. This role provides an excellent opportunity to learn and gain an in-depth understanding of Interest Rate trading strategies and risk management techniques via exposure to one of the highest ranked Rates trading desk in Europe.
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Job responsibilities
- Reviews daily and reports of P&L and Risk
- Validates and understands daily P&L explains, entailing review of Volcker attributions, first order & higher order explains and residual amounts.
- Identifies, designes and implements new controls and processes around the P&L production to drive efficiencies and to keep up to date with Global Product Control standards
- Participates in a wide range of on-going and new projects ensuring the needs and requirements of Product Control are met
- Provides daily/weekly/monthly P&L commentaries to senior management, explaining P&L in terms of desk's risk position, strategy and economic factors
- Liaises with Financial Control to investigate and remedy cash flow breaks and review of the FX balances
- Partners with the business to drive forth and implement robust controls and new business initiatives
- Drives coordination across various front & back office support functions to ensure resolution of control and reporting issues in an accurate and timely manner
Required qualifications, skills and capabilities
- Work experience within Product Control, Financial Control, Accounting, or related area
- Bachelor's degree in Accounting, Finance, Business or related area
- 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 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. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
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.