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CIB – F&BM - EMEA Synthetics and Prime Finance Product Controller – Analyst

Req #: 180026994
Location: London, ENG, UK
Job Category: Accounting/Finance/Audit/Risk
Job Description:
General Summary
The Firm’s Securities Prime Brokerage and Financing business (the “business”) is part of the Corporate and Investment Bank’s Investor Services business. The business offers flexible financing to clients in either physical form or through synthetic products and with its ability to borrow and lend securities (stock loan) also allows clients to create short exposure. JP Morgan offers a flexible global solution to its clients.  The business offers a range of products to its clients including; clearance and settlement of securities (both equity and fixed income), margin financing and securities lending.
The EMEA Securities Prime Brokerage and Financing Product Control Team (the “team”), within the Global Investor Services Product Control team of IB Finance & Business Management, is primarily responsible for the independent production, review and approval of the daily P&L ensuring the accuracy and completeness of business revenues.  Other responsibilities include supporting the business on the wider financial aspects of their activities such as balance sheet and capital, advising on accounting, regulatory and booking issues, participation in the new business approval process and overall signoff of the business unit financial statements including regulatory returns.
The successful candidate will join an established team of 12 reporting to a Associate in the Synthetics Product Control team.
Role description
  • Daily T+1 P&L reconciliation and substantiation for Synthetics, identifying and resolving issues resulting in P&L breaks between the estimates and the actuals.
  • Ensuring daily P&L attribution is in compliance with the P&L and Risk minimum standards.
  • Working with Front Office to understand key P&L drivers and market movements to aid meaningful revenue commentary on a weekly and monthly basis for both Synthetics and Cash PB.
  • Supporting Cash PB P&L when cover is required.  
  • Supporting the monthly requirement for  Minimum  Standards PC Scorecard production (globally and regionally)
  • Owning and supporting the month end financial close for both Synthetics and Cash PB.
  • Regular interaction with FO and various Ops and Tech groups that support the business.
  • Reviewing current processes, identifying control weaknesses and delivering solutions to enhance the current control environment, as well as the effectiveness of the processes performed.
  • Owning process improvements and projects working with various stakeholder groups to improve the control environment and aid delivery of departmental objectives (eg Adjustments, looking at root cause and working with RAD for systemic enhancements)
  • Owning and supporting other daily/ weekly and monthly BAUs
  • Participate in various forums (PC team meetings, FO weekly revenue review and L&L)
Key qualities for successful candidate
  • Effective team player, self starter and quick learner
  • Strong analytical skills and high attention to detail
  • Ability to multi-task with flexible working style
  • Demonstrate interest in Finance required
  • Accounting / numeracy based degree
About J.P. Morgan’s Corporate & Investment Bank:
J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.  Further information about J.P. Morgan is available at
JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer.
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