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CIB - F&BM - EMEA Equities Product Controller - Associate

Req #: 180014081
Location: London, ENG, UK
Job Category: Accounting/Finance/Audit/Risk
Job Description:




EMEA Equities Delta One Product Control Role
The EMEA Equities business is split into several core businesses.
  • Delta One – Main activities include Index Forward Trading, ETF market making and providing performance to clients through Swaps.
  • Flow – Predominantly a Options market making business offering various Options based solutions to clients
  • Exotics – Providing complex structures and products to meet client’s needs.
  • Hedge Funds - Providing Hedge Fund performance to clients through various products.
  • Corporates – Predominantly offers clients bespoke Equity based financing structures and products.
  • Converts – Predominantly a Convertible Bond market making desk, with CDS and Interest Rate hedging.
  • Cash – Main activities are Agency and Risk trading for clients, predominantly a commission based business.
    The role will be within the EMEA Equities Product Control team supporting the Delta One business.
    The primary function is reporting the daily P&L to traders and senior management. In addition to the production of the daily P&L, the role will include the Financial and Control elements, as well as working on projects within the Product Control space. The role requires extensive interaction with FO traders, Financial Control and Operations, as well as exposure to Market Risk and Project teams, and various other functions through out the bank.
    The primary responsibilities of the Control team are:
  • Substantiating and reporting by Greek attribute ie Delta, Gamma, Vega. Mark To Theoretical (MTM) P&L on a daily basis, adjusting price and position breaks where appropriate.
  • Greek attribution reporting and P&L recs
  • Substantiation of exceptions between Balance sheet / GL and Front Office systems.
  • Month end FX trade in/out management
  • Involvement in projects and process improvements specifically around P&L and risk reporting, product development and pricing.
  • Provide accurate and timely equities portfolios market risk analysis
  • Enhance reporting processes through self generated methods
  • Work with Market Risk to ensure portfolio risk is correctly reflected in VaR
  • Monitor exceptions in derivatives pricing and reflection of these in Greeks, stress scenario generation, and limits reporting
  • Generate and analyze VAR for various Equity Derivatives desks
  • Generate risk reports and investigate risk reporting related queries
    The role will require front to back view of control agenda and the candidate will have oversight of monthend reconciliations performed by Financial Control hub, and production of monthend MIS reporting for senior management.
    The specific experience necessary for this position is:
  1. Cash and Derivatives product knowledge, including understanding of the Swaps, Futures and Corporate actions 
  2. Good knowledge of Accounting, preferably within the Banking industry.
  3. Proactive approach to problem solving and ability to identify and drive though change
  4. Strong analytical skills and attention to detail including a strong control focus
  5. Excellent communication skills and ability to develop strong working relationships
  6. Intermediate Excel skills as a minimum

The essential skills required for this position are:

  • Knowledge of risk based P&L / Full revaluation P&L
  • Prior experience in product control - ideally Equities
  • Excellent PC skills- Advanced Microsoft Excel
  • Effective communication skills
  • Strong control skills
  • Must be proactive and able to work independently
  • Good reconciliation skills
  • Bachelors Degree is required; Accounting or Finance a plus

JPMorgan offers an exceptional benefits program and a highly competitive compensation package.

JPMorgan is an Equal Opportunity Employer.
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