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CIB F&BM – NA Fixed Income Financing Product Control - Balance Sheet, Capital, & Liquidity Team - Associate

Req #: 180002109
Location: New York, NY, US
Job Category: Accounting/Finance/Audit/Risk
Job Description:
The Fixed 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.
 

The Product 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.

  • Lead 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 business communications.
  • Support the global Balance sheet, Capital and Liquidity teams with wider deliverables and ad-hoc projects as necessary.
  • 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 resources

Requirement:

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:

  • Degree qualified
  • Good financial product knowledge - fixed income products would be an advantage.
  • Knowledge of JPM reporting systems - FDW, Cognos, CRI, LRI would be an advantage.
  • Minimum of 7 years of business and financial management experience.
  • Controls focussed, excellent problem solving skills, sharp analytical/quantitative skills, with an eye for detail but focused on the ‘big picture’.
  • Strong relationship building with proven experience of collaborating with and influencing others across functions and locations.
  • Strong interpersonal skills and good communication skills.
  • Ability to manage the priorities and deliverables.
  • Proficient in Microsoft Excel and PowerPoint.
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