JPMorgan Chase CIB F&BM Americas Equities Derivative Product Control Analyst in Brooklyn, New York
CIB F&BM Americas Equities Derivative Product Control Analyst
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.4 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the worlds most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. www.jpmorganchase.com .
The Equities Derivatives Group (EDG) provides structuring and trading services on equity-based derivatives products to a broad range of clients. EDG is the primary risk manager of derivative transactions in the Equities division and trades both linear and non-linear products. EDG consists of the Exotics, Flow, Delta One, Financing, Corporate Derivatives and Convertible Bonds businesses. The Exotics desk focuses on client facilitation of exotics OTC option trades as well as the issuance of structured notes with exotics equity and hybrid underliers. The Flow desk trades vanilla equity volatility products, including listed options, vanilla OTC’s and volatility swaps, and light exotic OTC’s. The Delta One desk trades delta one products, including equity swaps, futures, and option pairs, as well as providing market making and financing for ETF’s. The Corporates desk caters to corporate clients and Hedge Funds, offering them bespoke OTC derivatives and financing transactions. The Financing desk provides financing to clients (eg Margin Loans and VFNs) with Equity collateral. The Convertible trading desks primary function is market making in Convertible bonds.
The desks focus on North America, with a primary focus on the United States, but can, from time to time, encompass global markets.
The Americas Equities Product Control Team is seeking an Analyst level candidate.
The key responsibilities of the role are
Running and analyzing the mark to market of the portfolio, daily P&L reporting, P&L substantiation, and residual analysis.
Partnering with Financial Control to ensure that front to back systems are in line, and to close out month end with accurate reporting of MIS and accounting in the books and records.
Production of daily/weekly/monthly MIS, commentary and controls, and reporting to senior Finance and business members.
Working with Front Office on new deals and analysing the impacts to the Control function, as well as evaluating the accounting impacts of complex deals, especially on the Corporates desk.
Working with the centralized Americas Balance Sheet function to report on and substantiate Balance Sheet usage, RWA and Funds Transfer Pricing.
Product Control or other similar experience required (eg Valuation)
Strong product knowledge, Equities preferred, covering derivatives and including good understanding of risk and greeks.
Accounting knowledge of financial instruments preferable
Strong analytical skills and attention to detail including a strong control focus
Excellent communication skills and ability to develop strong working relationships.
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.