JPMorgan Chase CIB F&BM - Product Control P&L – Global Clearing Controllers - Analyst in Brooklyn, New York
J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. The Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
Global Clearing is at the center of regulatory reform as well as the cross section of the Corporate and Investment Bank. At a time of significant industry change, this role represents an opportunity to gain expertise in an area of focus within the bank and markets.
Global Clearing, comprised of Futures & Options (F&O), Over the Counter Clearing (OTC Clearing), OTC Intermediation and FX PB is at the forefront of significant regulatory reform, including but not limited to: Mandatory clearing of OTC Derivatives, Basel III Agency Clearing rules as well as Basel III Leverage Ratio implementation.
The F&O business is one of the most dynamic market leaders in the futures and options brokerage business. The business has provided Sales, Execution and Clearing services across fixed income, equity, foreign exchange and commodity asset classes since 1979. Today, the business clears at over 70 exchanges with electronic trading access to over 50 of them.
Global Clearing has been providing intermediation services to clients globally for several years. Recent legislation in the U.S. and Europe (Dodd/Frank and EMIR respectively) has driven the development of a new client clearing business. Under new law, institutions trading OTC derivatives are required to clear those derivatives through a central clearinghouse. The OTC Clearing business helps clients facilitate that clearing process. J.P. Morgan and, more specifically the OTC Clearing business, have actively engaged with clearinghouses and regulators and will continue playing a leadership role in shaping the evolution of the OTC marketplace.
Analyst/Associate Roles and Responsibilities:
Assist with daily P&L and month-end close processes for Americas Clearing desk
Provide detailed analysis and reporting on the financials to desk heads, business managers, and senior finance management
Partner with the business to drive forth and implement robust controls and new business initiatives
Drive coordination across various back office support functions to ensure resolution of control and reporting issues in an accurate and timely manner
Serve as an analytical and project support resource for product control
Handle various ad-hoc requests on a daily basis
Ensure product control is adhering to the CIB product controller standards and actively work to remediate any gaps.
Strong quantitative/analytical skills and attention to detail
Strong Communication and Presentation skills – written and verbal
Ability to multi-task and execute on a variety of deliverables
Derivatives experience preferred
Strong Accounting/Finance background
Self-motivated and results driven
Ability to implement and maintain effective controls
Proficient in Microsoft Excel/PowerPoint
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.