CIB – F&BM – External Reporting Controller for Global Credit – Associate
About J.P. Morgan Corporate Investment Bank
JPMorgan Chase Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.3 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset and wealth management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its JPMorgan and Chase brands. Information about the firm is available at www.jpmorganchase.com
Our business - Credit Flow and Credit Exotics
Credit Markets is an industry leader in the market making of financial products referencing credit risk, through Securities and Derivatives format based on corporate bonds, secondary loans and CDS respectively. Within these core products, a spectrum of instrument classes exists of varying complexity.
Global Credit Trading works in partnership with origination, capital markets and the syndicate desk to combine superior debt origination and structuring expertise with exceptional distribution and trading capabilities to a large investor base. Key products include Single name CDS, Index CDS and Index Options, Corporate Bonds (including CDO/CLO's), Commercial Paper, BA's, CD's, Asset Swaps Loans.
The Credit Exotics Hybrids business provides sophisticated credit markets risk management solutions for clients.
Products traded include exotic credit derivatives (e.g. Full Capital Structure CDO's; Bespoke CDO's and bespoke CDO^2) as well as vanilla hedging instruments (CDS, futures, swaps, forwards).
Clients are predominately governments, banks, other financial institutions (e.g. pension funds, asset managers) and large corporates.
Role
Role is at a
Associate level which requires an enquiring mind, perseverance and the ability to handle a large amount of data.
The position presents an excellent opportunity to gain exposure to a trading environment within a financial role, providing the opportunity to develop/enhance both market/product and accounting knowledge and skills in a dynamic and fast-paced environment. The candidate needs to be able to articulate well and to be able to deal confidently with people at all levels in the organization.
The role reports to the EMEA Credit External Reporting Head and is responsible for a variety of analytical, reporting and control deliverables.
Opportunity
External reporting, Balance sheet/RWA role is an extension of the product controller role. The External Reporting Controller is responsible for the timely and accurate regulatory submissions of the Line of Business.
He/she is also responsible for monitoring balance sheet, capital, RWA and advises on deal specific accounting and or RWA usage.
Significant interaction is required with a number of different functional areas including Front Office, Middle Office, Other Controllers, Valuation Control Group, Market Risk, Tax, Regulatory Reporting, Compliance and the Legal Entity Control teams.
The candidate will be reporting to the External Reporting head of EMEA Credit. The role's responsibilities and functions include the following:
Job DescriptionOversee and be accountable for the quality of the Regulatory Reporting disclosures of the BusinessResponsible for external disclosures (for example FVM and FVO reporting) which includes consolidating data,
performing consistency checks, roll forwards, and completing data quality checklists and analytical reviewInteract with product controllers teams, coordinate effort and consolidate information required for Regulatory disclosuresProvide guidance on accounting for products, liaising with Accounting Policy group where appropriate and ensuring compliance with Corporate Regulatory requirementsResponsible for balance sheet reporting and capital managementMonitoring of the LOBs Balance Sheet from a net funding and Basel 3 liquidity ratios perspectiveProvide analytic support for optimizing balance sheet and capital usage across businessesResponsible for RWA submissions (monthly and quarterly); RWA/balance sheet forecasts;Responsible for implementing new capital framework for the businessEnhance RWA reporting to provide greater transparency to the businessWorking with the business to ensure that they fully understand developments in Regulatory framework and priorities, i.e. changes to the Capital framework, the impact of Risk Weighted Assets, revenue recognition on structured deals etc.Proactively support business on initiatives to reduce RWA under Basel rules and calculate potential RWA Capital impact of new trades
Qualifications
Essential skillsAccounting qualification preferredGood understanding of accounting, financial statements, product and riskAbility to summarise complex information and deliver it at business executive levelTeam player with excellent communication and organization skillsAnalytical and numerate with good IT skills; proficiency with MS Excel is essentialGood relationship building skills and comfortable with business contactPositive can-do attitude looking to add value across the breadth of the businessSelf-starter with ability to use initiative and work independentlyAbout J.P. Morgan's Corporate Investment Bank
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. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
Further information about J.P. Morgan is available at www.jpmorgan.com.
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