Are you ready to make an impact in the world of finance? Our Product Control team offers a unique opportunity to work closely with trading desks, ensuring precision in profit and loss analysis and risk management. As a key player in our team, you'll gain in-depth knowledge of XVA risk management techniques and collaborate with experts across various asset classes. This role is your chance to be at the forefront of financial innovation and drive meaningful change.
As an EMEA CPG Product Control Associate in the Product Control team, you will engage extensively with the Front Office trading desk, Market Risk, and wider support functions. You will leverage your strong communication skills and self-motivation to work independently while gaining a comprehensive understanding of XVA risk management techniques. Together, we will explore a diverse range of products across all asset classes, including Credit Default Swaps, CDS indices, Bond Futures, Interest Rate Swaps, FX forwards, Cross currency swaps, Commodity Futures, Equity Futures, and Options.
Job Responsibilities
- Review and report daily P&L and Risk.
- Validate and understand daily P&L explanations, including first order, higher order, and residual amounts.
- Analyze daily movements in CVA and FVA reserves and corresponding risk changes.
- Coordinate with traders to understand book movements and Day 1 PnL issues.
- Identify, design, and implement new controls and processes for P&L production.
- Participate in ongoing and new projects to meet Product Control needs.
- Provide daily/weekly/monthly P&L commentaries to senior traders and management.
- Liaise with Financial Control to resolve cash flow, PnL, and FX exposure breaks.
- Partner with the business to implement robust controls and new initiatives.
- Drive coordination across front and back office support functions for timely issue resolution.
Required Qualifications, Capabilities, and Skills
- Experience in Product Control, Financial Control, Accounting, or related area.
- Bachelor's degree in Accounting, Finance, Business, or related field.
- Strong analytical skills and attention to detail with a control focus.
- Ability to challenge efficiency and drive process innovation.
- Excellent communication skills to explain complex concepts.
Preferred Qualifications, Capabilities, and Skills
- Solid understanding of financial products.
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.
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.
