CPG Product Controller
: Job Details :


Company : JPMorgan Chase Bank, N.A.


Job Location : London, ENG, UK


Posted on : 2020-10-17T00:00:00.000000000Z


Job Description :

Our CPG Product Control team is responsible for providing support to the CPG trading desks to ensure that the profit and loss, balance sheet, and month end close procedures are done accurately.

Credit Portfolio Group (CPG) is mandated to actively manage the Investment Bank's retained credit exposures resulting from traditional lending and derivatives activities.

Specifically, CPG is responsible for developing and executing strategies with the primary goals of reducing credit risk concentration and losses from credit events, as well as aiming to increase the capacity for future business.

A major component of these responsibilities is to manage the credit and associated market risk of derivative counterparty exposures.

This entails risk position analysis for a number of separate markets, and executing a coherent strategy across them.

The successful candidate will join the CIB Controller team which has product control responsibilities for CVA (credit valuation adjustment - which is essentially marking to market JPM's derivative receivables to reflect the counterparty's credit worthiness) and FVA (Funding Valuation Adjustment - which is the cost of Funding JPM derivatives positions).

Duties and Responsibilities:

Production of CVA/FVA and hedge P&L for the EMEA and Asia region for Credit/Market (CDS/FI/IR/FX/Equity/Commodity/Futures & Options)

Analysis of the P&L and explanation to the trading desk

Reporting EMEA and Asia results into the NA Controllers for Global consolidation

Interaction with the Middle Office support teams to control hedge side P&L and risk

Actively engaging colleagues in Technology and other teams in Finance to improve the systems architecture and financial processes

Proactively identifying opportunities to improve the P&L reporting and the overall control environment with respect to CVA and FVA across the various product classes of derivatives within the CIB.

Point of contact/escalation for Credit Portfolio Traders, VCG and LOB/LEC Controllers in respect to CVA and FVA reported in the Corporate Investment Bank.

Understanding of the Accounting, Tax and Regulatory treatment of the products supported.

Qualifications

Experience of derivatives - either from P&L and Risk (Product Control) or trade support.

Understanding of investment bank product accounting.

Technical, analytical and quantitative aptitude.

Diligent with high attention to detail.

Ability to work as part of a team and take a flexible approach

Demonstrated track record of process improvement and improving controls in previous roles.

Technical, analytical and quantitative aptitude.

Ability to build and influence partnerships with the desk, technology and QR

Excellent verbal and written communication skills

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.

In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.




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