Description

The role entails independent, accurate and timely analysis of daily P&L and Risk for the CPG ( Credit Portfolio Group) trading desk.

As a EMEA CPG Product Control Associate in the Product Control team, you will have extensive interaction with the Front Office trading desk, Market Risk and wider support functions team and will be required to have strong communication skills, be self-motivated and able to work independently. In this role you will also be provided with an excellent opportunity to learn and gain an in-depth understanding of XVA (CVA and FVA) risk management techniques. The CPG desk trades a wide range of products across all asset classes such as Credit Default Swaps, CDS indices, Bond Futures, Interest Rate Swaps, FX forwards, Cross currency swaps, Commodity Futures, Equity Futures and Options.

Job responsibilities

• Reviews and reports of P&L and Risk (daily)
• Validates and understands daily P&L explains, first order & higher order explains and residual amounts.
• Understand movement and explains for the changes in CVA and FVA reserves on daily basis and corresponding risk changes driven by these changes.
• Coordinate closely with traders on understanding the movement in books and Day 1 P&L issues.
• identifies, design 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 traders, 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, P&L breaks and FX exposure breaks.
• 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

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.