JPMorgan Chase CIB F&BM NA Synthetics Prime Product Controller – Associate in New York, New York
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com at http://www.jpmorganchase.com/ .
The Corporate & Investment Bank (CIB) Finance and Business Management (F&BM) group provides financial advice to support the CIB’s business strategy and helps to ensure a sound control environment. Within F&BM, the four major areas of responsibility are: Business-aligned BMs (Business Managers), the CIB Controller, Support Staff CFO, and Planning and Analysis.
Finance & Business Management’s goals are to ensure sound control environments and provide financial advice to support the business strategy. Within F&BM, the Controllers organization is responsible for ensuring the overall integrity and validity of the financial statements and controls over the transaction cycle; performing critical reporting functions for the organization, both financial and regulatory, as well as ensuring execution and implementation of the overall financial architecture.
The Firm’s Securities Prime Finance 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. A further role of the financing business is to provide the wider Equities and Investor Services businesses with both short term and long term secured funding.
The NA Prime Finance Product Control Team within Investor Services Finance & Business Management, is primarily responsible for the independent production, review and approval of the daily P&L and market risk, ensuring the accuracy and completeness. 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 product approval process and overall signoff of the business’s financial statements including regulatory returns.
Successful candidate will be responsible for assisting the Synthetics Prime Brokerage section of the team covering the following functions:
Involvement inthe daily P&L calculation and working with the Front Office and Operationsto solve P&L discrepancies, analyze variances and ultimately ensure theP&L reported to senior management is complete and accurate.
Involvementwithin the monthly close - including validation of the financials, adherence toregulatory and disclosure requirements, and partnership with business analyststo ensure accurate reporting of business performance to Management.
Reviewing currentprocesses, identifying control weaknesses and delivering solutions to enhancethe current control environment
Working with keystakeholders (Front Office, Middle Office, Financial Control, and Legal EntityControl) to quantify potential impacts of these issues and ensuring the impacton the financial statements is understood and if material, adjusted.
Investigation andcommunication of business drivers underpinning significant financial movementsfor Management, Legal Entity Control, Corporate Reporting and other financegroups.
ProcessImprovements, redesign and streamline daily and monthly processes to createefficiencies
Working with thebusiness on new products and processes to ensure financial and regulatoryaccounting will be correctly handled.
Performance ofad-hoc queries and tasks and coordination of the finance piece of projects renew accounting policies, regulations, new businesses and system enhancements.
Participate inthe testing of tactical and strategic product enhancements and system flowamendments
Understanding ofAccounting concepts in order to interpret accounting policy
Excellent teamplayer able to work with team members and front office
Very stronganalytical skills and attention to detail
Control/efficiencymindset and drive to challenge and change
Ability tomulti-task with flexible working style
Appreciation ofthe existing control environment, infrastructure, systems and main flows
Effective teamplayer and self-starter
Equity Financeknowledge (Stock loan, Swaps, Options) a plus
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.