CIB - F&BM - APAC Securities Prime Brokerage and Finance Product Controller - Associate CIB - F&BM - APAC Securities Prime Brokerage and  …

J.P.Morgan
in Hong Kong, Hong Kong, Hong Kong
Permanent, Full time
Last application, 24 Feb 20
Competitive
J.P.Morgan
in Hong Kong, Hong Kong, Hong Kong
Permanent, Full time
Last application, 24 Feb 20
Competitive
CIB - F&BM - APAC Securities Prime Brokerage and Finance Product Controller - Associate
Who We Are:

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com .

What it Means To Work Here:

Here, you'll feel welcomed and valued. Our clients, transactions, deals and projects are global so we work hard to create diverse, inclusive teams that support our business and each other. Learn about our culture at https://careers.jpmorgan.com/global/en/about-us

G eneral Summary

The Firm's Securities Prime Brokerage and Financing business (the "business") is part of the Corporate and Investment Bank's Investor Services Business. The business offers flexible financing to clients in either physical form or through synthetic products and with its ability to borrow and lend securities (stock loan) also allows clients to create short exposure.

JP Morgan offers a flexible global solution to its clients. The business offers a range of products to its clients including; clearance and settlement of securities (both equity and fixed income), margin financing and securities lending.

The APAC Securities Prime Brokerage and Financing Product Control Team (the "team"), within the Global Investor Services Product Control team of IB Finance & Business Management, is primarily responsible for the independent production, review and approval of the daily P&L ensuring the accuracy and completeness of business revenues. Other responsibilities include supporting the business on the wider financial aspects of their activities such as balance sheet and capital, advising on accounting, regulatory and booking issues, participation in the new business approval process and overall signoff of the business unit financial statements including regulatory returns.

The successful candidate will join an established team of 7 (4 in HK and 2 in Mumbai) reporting to a VP in the APAC Prime Product Control team.

Role description

The candidate will be responsible for assisting the team in covering the following functions:

  • Daily substantiation and reconciliation of P&L movements on a T+1 basis for sign off by the Front Office, responding to P&L related queries from the Front Office
  • Daily monitoring of the APAC PB balance sheet, understand the balance sheet drivers and investigation into material movements
  • Producing and monitoring risk exposure
  • Supporting the month end financial close
  • Analysis and commentary of P&L vs. comparative periods and vs. plan
Building and maintaining relationships with the wider Global Securities Prime Brokerage & Financing product control team and with other teams within finance including legal entity controllers, regulatory controllers, internal and external auditors
  • Regular interaction with the Front Office and the various Operations and Technology groups that support the business
  • Review current processes, identify control weaknesses and deliver solutions to enhance the current control environment and increase the effectiveness of the processes performed
  • Participate in the testing of tactical and strategic product enhancements and system flow amendments
  • Be able to work with the offshore Mumbai team on daily PNL issue
  • Participate in various forums (PC team meetings, FO weekly revenue review and lunch & learn)

Key qualities for successful candidate:

  • Effective team player, self starter and quick learner
  • Strong analytical skills and high attention to detail
  • Ability to multi-task with flexible working style
  • Demonstrate interest in Finance required
  • Accounting / numeracy based degree

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