CIB F&BM – NA Fixed Income Financing Product Control - Balance Sheet, Capital, & Liquidity Team - Associate
Req #: 180002109
Job Category: Accounting/Finance/Audit/Risk
Income Financing (FIF) Product Control team is responsible for supporting the
FIF sales and trading business. The
business acts as a market maker, providing secured financing or collateral to
~1000 clients across a diverse client base including Banks, Broker/ Dealers,
Hedge Funds, Asset Managers, etc. The desk also provides a critical internal
utility function in managing funding and liquidity by funding long and short
positions for IB Fixed Income desks. Globally, the business is the #1 player
with a product offering including sovereigns, corporates, MBS’s, structured
financings (>1 yr), and emerging markets financing.
Control (PC) team is responsible for the balance sheet and capital reporting
for the FIF business. The team produces
daily, weekly and monthly analytics around balances sheet usage and capital.
FIF is a balance sheet and capital intensive business and hence the team
frequently work in an advisory capacity with the front office, providing
critical analysis of both BS and capital to support profitability decisions as
well as maximising efficiency. The
business is also a larger player in determining the firm’s liquidity in a
Stress framework. Other responsibilities include periodic external and
regulatory reporting and spearheading numerous projects within the Balance
sheet, Regulatory Capital, and Liquidity space. The suitable candidate will
play an integral role in the team, providing essential control over the balance
sheet reporting and analysis.
The candidate must be a highly-motivated self-starter and
able to shift focus of task with relative ease while remaining flexible in
balancing workload in accordance with changing priorities. Ability to work
effectively, meet challenging deadlines and to work under pressure.
financial analysis including forecasting and reporting
- Managing the quarterly /
monthly forecasting process on Balance Sheet and Capital reporting.
- Performing and
review of RWA computations across multiple risk streams for the products traded
by the FI Financing business.
- Investigation and explain
of business drivers underpinning significant movements in balance sheet and RWA
for senior management, LEC’s, Corporate Reporting, CIBT, front office etc.
Manage risk and controls and business communication
- Implementing controls and
best practices to ensure accurate financial and regulatory reporting.
- To build in-depth knowledge
of the fixed income system feeds to the balance sheet, liquidity and the RWA
calculation/credit infrastructure to ensure accuracy and completeness.
- Opportunity to gain exposure
to changes in regulatory and accounting policy that in turn impact the RWA
computations and balance sheet reporting for the Firm and helping manage any
such change and impact to the FI Financing business.
- Developing materials for
- Support the global Balance
sheet, Capital and Liquidity teams with wider deliverables and ad-hoc projects
- Support other CIB LOBs in
understanding the internal utility function that Fixed Income Financing performs
of their behalf and to help further the education agenda on resource
allocations for the same i.e. balance sheet and RWA.
Leadership, development and management of NA team of
The candidate must be a highly-motivated self-starter
and able to shift focus of task with relative ease while remaining flexible in
balancing workload in accordance with changing priorities. Ability to work effectively, meet challenging
deadlines, and to work under pressure.
Essential qualifications and skills:
financial product knowledge - fixed income products would be an advantage.
of JPM reporting systems - FDW, Cognos, CRI, LRI would be an advantage.
of 7 years of business and financial management experience.
focussed, excellent problem solving skills, sharp analytical/quantitative
skills, with an eye for detail but focused on the ‘big picture’.
relationship building with proven experience of collaborating with and influencing
others across functions and locations.
- Strong interpersonal skills and good
- Ability to manage the priorities and
- Proficient in Microsoft Excel and PowerPoint.