CIB F&BM Credit Trading & Syndicate Product Controller - Associate - NY

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • JPMorgan.
  • 26 Sep 16

CIB F&BM Credit Trading & Syndicate Product Controller - Associate - NY

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.4 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the worlds most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. www.jpmorganchase.com.




Business Background

The Credit Trading & Syndicate business within Investment Bank Fixed Income Division is a market leader in credit products for a wide range of clients globally. The Credit Trading & Syndicate Product Control function is primarily responsible for the Balance Sheet and Capital Management, P&L production and Risk management control of both the standard and non standard elements of the business.



Job Description

The Product Controller owns the integrity of the financial statement of the Line of Business. He/she is responsible for overseeing transaction cycle control and advises on deal specific accounting. Analysis and partnership with the Business on Capital Requirements (Basel I, II, III) and funding implications is also an integral part of the role. This broadly includes participating in the financial aspects of the business unit management, identifying and advising on business tax, accounting and booking issues, active participation in the new product approval process, revenue sharing execution and an overall signoff of the business unit financial statements. The product controller role is also responsible for the external financial reporting of the North America Credit Trading & Syndicate business including LATAM.



Description of Duty

  • Oversee and be accountable for the quality of the financial statements of the Business
  • Work with the business to ensure that they fully understand developments in financial reporting and priorities, i.e. changes to the Capital framework, the impact of Risk Weighted Assets, revenue recognition on bifurcated deals etc.
  • Follow and implement new developments in Reg space, such as GSIB, FRTB, Basel III, etc.
  • Analyze and advise in the Accounting and Control function responsible for the booking and control of transactions
  • Provide guidance on accounting for products, liaising with Accounting Policy group where appropriate and ensuring compliance with both Corporate Regulatory requirements
  • Understand, oversee and compile corporate regulatory reporting requirements for the business including any additional Liquidity, Capital or Reporting standards
  • Roll out new accounting pronouncements
  • Analyze and advise on transaction & booking strategies to ensure optimal tax and regulatory implications
  • Understanding & contributing to the various control frameworks; Continuous Self Assessment (CSA), Sarbanes Oxley, Business Control Committees (BCC's) and New Business Initiative Approval (NBIA)
  • Co-ordinate with Legal Entity Controllers centrally and in countries to ensure financial statement integrity and adherence to regulatory and disclosure requirements
  • Understand and oversee product valuation issues
  • Ensure the integrity of the internal business performance reporting
  • Review and discuss monthly financial performance reports for the business and Legal Entity reporting including commentary of comparatives and of significant revenue items and trends
  • Understand and explain drivers of daily P&L
  • Interact with other Fixed Income product controllers to coordinate effort and centralize information


Qualifications

  • Senior Analyst or Associate level with Fixed Income Markets exposure
  • Strong understanding of accounting
  • Fixed Income Product knowledge
  • Good relationship building skills and comfortable with business contact
  • Capacity to summarize complex information and deliver it at business executive level
  • Able to understand and support the strategy of the business in a growth environment
  • Good teamwork and coach-ability skills
  • Ability to take direction and produce results with minimal supervision.