• Job Description

  Req#: 210487053

  Join our dynamic Credit Portfolio Group (CPG) in the Corporate and Investment Banking division for an exciting opportunity to enhance your skills and make a significant impact. CPG actively manages the Investment Bank’s retained credit exposures from traditional lending and derivatives activities. We aim to reduce credit risk concentration and losses, increase future business capacity, and manage the credit and market risk of derivative counterparty exposures through risk position analysis and strategic execution across various markets.

  As a Product Controller within the Credit Portfolio Group, you will be a key player in managing our product control responsibilities for CVA (credit valuation adjustment - which is essentially marking to market JPM's derivative receivables to reflect the counterparty's creditworthiness) and FVA (FVA (funding valuation adjustment). You will be seen as a subject matter expert, responsible for reviewing and analyzing daily CVA results, understanding fundamental concepts of CPG, validating daily P&L explains, and coordinating closely with traders.

  Job responsibilities

  • reviews/analyses daily of CVA results for specific CVA books and associated hedges providing substantiation for the material
    drivers of CVA balance changes.
  • understands fundamental concepts of CPG such as Derivative products and Risk Management.
  • validates and understands daily P&L explains, first order & higher order explains and residual amounts
  • coordinates closely with traders on understanding the movement in books and Day 1 PnL issues.
  • 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
  • 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
  • identifies & corrects system shortcomings by providing input to technology team during design, buildout, and testing.

  Required qualifications, skills and capabilities

  • Bachelor s degree in Business, Accounting, Finance or other related area
  • Knowledge of derivative products from prior experience of working in P&L, Risk (Product Control) or trade support function
  • Self-starter, motivated individual able to work independently with changing levels of work load throughout the month
  • Ability to build and influence partnerships within the various product-aligned businesses, corporate reporting teams as well as senior CPG management
  • Demonstrated track record of process and controls improvement

  Preferred qualifications, capabilities and skills

  • Some knowledge of GL Hierarchy and Financial Reporting is advantageous

• About the company

  J.P. Morgan is a leader in financial services, offering solutions to clients in more than 100 countries with one of the most comprehensive global product platforms available. We have been helping our clients to do business and manage their wealth for more than 200 years. Our business has been built upon our core principle of putting our clients'​ interests first.

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