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CIB F&BM - APAC Securities Prime Brokerage and Financing Product Controller - Analyst – Hong Kong

Req #: 170110645
Location: Hong Kong, , HK
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 APAC 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 5 reporting to a VP in the APAC Prime Product Control team. 

 

Role description

 

The candidate will be responsible for assisting the team in covering the following functions:

 

  • Daily substantiation and reconciliation of P&L movements on a T+1 basis for sign off by the Front Office, responding to P&L related queries from the Front Office

  • Daily monitoring of the APAC PB balance sheet, understand the balance sheet drivers and investigation into material movements

  • Supporting the month end financial close

  • Analysis and commentary of P&L vs. comparative periods and vs. plan

  • Building and maintaining relationships with the wider Global Securities Prime Brokerage & Financing product control team and with other teams within finance including legal entity controllers, regulatory controllers, internal and external auditors

  • Regular interaction with the Front Office and the  various Operations and Technology groups that support the business

  • Review current processes, identify control weaknesses and deliver solutions to enhance the current control environment and increase the effectiveness of the processes performed

  • Participate in the testing of tactical and strategic product enhancements and system flow amendments

  • Participate in various forums (PC team meetings, FO weekly revenue review and lunch & learn)

  • Work on the team projects creating efficiencies

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

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