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Chief Investment Office (CIO) and Treasury Middle Office Risk and P&L - Analyst

Req #: 170073069
Location: London, , UK
Job Category: Accounting/Finance/Audit/Risk
Job Description:
The Chief Investment Office (CIO) is a division within Corporate and manages the structural interest rate and foreign currency risk of JPM Chase across a range of asset classes. CIO is mainly located in the major hubs - New York, London and Hong Kong and manages its own infrastructure including Market Risk, Middle Office, Finance and Technology.
 
Treasury is a market based function focusing on the firms’ short term funding needs.  Treasury serves JPMorgan’s business lines by:
  • Ensuring access to robust liquidity through all market conditions,
  • Minimising cost of funding to the firm through diversified funding sources,
  • Monitoring, managing and funding aggregate cash flows in all currencies.
 
Treasury is a multi-currency service provider, covering 3 regions (NA, EMEA and ASIA) handling on average 5000 trades daily, across approximately 40 branches / entities of the Global Bank.  Treasury utilises Investment Bank products, including Money Markets, Fed Funds, CD, CP, Fixed Income, Interest Rate Swaps and Foreign Exchange products. 
 
Working in a Middle Office Risk and P&L function supporting CIO and Treasury's businesses in EMEA, you will be responsible for producing accurate and timely Risk and P&L reports to the desk, reviewing new trade activity, reconciling reported P&L to the general ledger and ensuring integrity of the control environment. Within this self-contained business unit, there will be considerable exposure to Front Office, Finance and Risk areas, and ample opportunity to engage with senior stakeholders. Developing an understanding of Structural Interest Rate and Currency risk hedging and hedge accounting, as well as Available-for-sale accounting are key to the development of the role, for which on the job training will be provided. There will also be project work involved related to improving business processes and controls within an ever changing regulatory environment.
 
Key Responsibilities
  • Agreeing and reconciling traders P/L estimates to the actual results, explaining variances to FO
  • Reviewing new trades for potentially off market activity
  • Ownership of P&L and Risk reporting front-to-back, from daily reports through to month end reconciliation.
  • Liaising with Finance on Hedge Accounting issues, particularly around structural FX hedging.
  • Weekly collation of KPI's for submission to senior management.
  • Responding to various ad-hoc information requests by other functions, such as Market Risk, Valuation Control Group, Finance / Business Managers.
  • Performing business analysis - being a catalyst for change and owning delivery of all projects’ success criteria.
  • Driving synchronisation of P&L & technology engagement in the delivery of change.
  • Engaging with cross business and market forums for Regulatory change strategy and delivery
  • Building and maintaining strong business, operations and technology relationships.
  • Adhering to and, where possible, strengthening operational controls.
Skill-set requirements
  • Attention to detail and numerate with a methodical approach to problem solving.
  • Ability to quickly understand a complex matrix of operating systems and their inter-relationships and dependencies.
  • Strong personality with good communication skills and the ability to argue a case effectively with any audience.
  • Recognition of the business' and team's requirements and the willingness to step outside of a strict job description.
  • Strong time management and multi-tasking skills as reasonable flexibility is required for the role.
  • Proficiency in MS Excel preferably with some macro knowledge.
Experience / Education Required
  • Educated to degree level or equivalent relevant experience.
  • A recognised accountancy qualification (i.e. CFA, ACA, CIMA, ACCA) or equivalent knowledge would be beneficial.
  • Experience within Product Control, Finance, MO or Market Risk.
  • Strong industry and operational knowledge.
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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