Apply Now    

CIB F&BM – External Reporting Controller - Spreads - VP

Req #: 170084770
Location: New York, NY, US
Job Category: Accounting/Finance/Audit/Risk
Job Description:

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.4 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset and wealth management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its JPMorgan and Chase brands. Information about the firm is available at www.jpmorganchase.com

 

Our business

 

Spread Markets within Corporate & Investment Bank.is mainly comprised of 4 businesses namely Securitized Products Group (SPG), Global Credit Trading & Syndicate (GCT&S), Global Credit Correlation (GCC) & Public Finance (PF).  Credit Markets is an industry leader in the market making of financial products referencing credit risk, through Securities and Derivatives format based on corporate bonds, secondary loans and CDS respectively. Within these core products, a spectrum of instrument classes exists of varying complexity.

 

GCT&S works in partnership with origination, capital markets and the syndicate desk to combine superior debt origination and structuring expertise with exceptional distribution and trading capabilities to a large investor base. Key products include Single name CDS, Index CDS and Index Options, Corporate Bonds (including CDO/CLO’s), Commercial Paper, BA’s, CD’s, Asset Swaps & Loans. 

 

GCC business provides sophisticated credit markets risk management solutions for clients.  Products traded include exotic credit derivatives (e.g. Full Capital Structure CDO’s; Bespoke CDO’s and bespoke CDO^2) as well as vanilla hedging instruments (CDS, futures, swaps, forwards).  Clients are predominately governments, banks, other financial institutions (e.g. pension funds, asset managers) and large corporates.

 
SPG engages in the following business activities:
  • Acquires or originates, warehouses, and subsequently securitizes consumer and other financial assets
  • Makes markets in existing securitized financial assets
  • Provides financing of consumer and other financial assets for clients
  • Underwrites securitizations for third parties
  • Structures and trades in derivative products linked to securitized products
 
PF engages in the following business activities:
  • Provides sector and regional banking coverage in New York and 13 regional offices
  • Syndicate desk partners with banking and trading to bring new issues to market
  • Trading desks work closely with sales to support customer activity, covering over 500 major institutional accounts
  • Credit Origination manages a $18+B diversified credit portfolio for public sector clients
Role
 

Role is at a VP level which requires an enquiring mind, perseverance and the ability to handle a large amount of data.  The position presents an excellent opportunity to gain exposure to a trading environment within a financial role, providing the opportunity to develop/enhance both market/product and accounting knowledge and skills in a dynamic and fast-paced environment. The candidate needs to be able to articulate well and to be able to deal confidently with people at all levels in the organization.

 

The role reports to the Spreads External Reporting Head and is responsible for a variety of analytical, reporting and control deliverables.

 
 
Opportunity
 

External reporting, Legal Entity Reporting & Balance sheet/RWA role is an extension of the product controller role responsible for Control, oversight and integrity of the financial statements and end-to-end control around external reporting. The External Reporting Controller is responsible for the timely and accurate regulatory submissions of the Line of Business.  He/she is also responsible for monitoring balance sheet, capital, RWA and advises on deal specific accounting and or RWA usage.  Significant interaction is required with a number of different functional areas including Front Office, Middle Office, Other Controllers, and Valuation Control Group, Market Risk, Tax, Regulatory Reporting, Compliance and the Legal Entity Control teams.  The candidate will be reporting to the External Reporting head of Spreads. The role’s responsibilities and functions include the following:

 
Job Description
 
  • Oversee and be accountable for the quality of the Regulatory Reporting disclosures of the Business
  • Responsible for ensuring controls related to external disclosures (for example FVM and FVO reporting) which includes performing consistency checks, roll forwards, and completing data quality checklists and analytical review
  • Interact with product controllers teams, coordinate effort and consolidate information required for Regulatory disclosures
  • Provide guidance on accounting for products, liaising with Accounting Policy group where appropriate and ensuring compliance with Corporate Regulatory requirements
  • Responsible for balance sheet reporting and capital management
  • Monitoring of the LOBs Balance Sheet from a net funding and Basel 3 liquidity ratios perspective
  • Provide analytic support for optimizing balance sheet and capital usage across businesses
  • Responsible for RWA/balance sheet forecasts;
  • Responsible for implementing new capital framework for the business
  • Working with the business to ensure that they fully understand developments in Regulatory framework and priorities, i.e. changes to the Capital framework, the impact of Risk Weighted Assets, revenue recognition on structured deals etc.
  • Proactively support business on initiatives to reduce RWA under Basel rules and calculate potential RWA Capital impact of new trades
  • Responsible for producing Financial Statements of certain Legal Entities
 

Essential skills

 
  • Qualified Accountant
  • Good understanding of accounting, financial statements, product and risk
  • Ability to summarise complex information and deliver it at business executive level
  • Team player with excellent communication and organization skills
  • Analytical and numerate with good IT skills; proficiency with MS Excel is essential
  • Strong Control mind-set
  • Good relationship building skills and comfortable with business contact
  • Positive can-do attitude looking to add value across the breadth of the business
  • Self-starter with ability to use initiative and work independently

Apply Now    

Join our Talent Community

Not ready to apply? Leave your information with us and we will keep you up to date with new career opportunities.

Other Information

Apply Using LinkedIn

You can also apply using your LinkedIn® profile. It may save you some time because your information will be automatically transferred into our system. Just click on the LinkedIn logo when you get to the application screen and follow the directions.

Submit an Updated Résumé

During the application process, be sure you have an up-to-date copy of your Résumé, your cover letter and any other documentation you would like to submit.