IB F&BM – EMEA Equities Product Controller – Associate
EMEA Equities Product Control Role
The EMEA Equities business is split into several core businesses.Delta One - Main activities include Index Forward Trading, ETF market making and providing performance to clients through Swaps.Flow - Predominantly a Options market making business offering various Options based solutions to clientsExotics - Providing complex structures and products to meet client's needs.Hedge Funds - Providing Hedge Fund performance to clients through various products.Corporates - Predominantly offers clients bespoke Equity based financing structures and products.Converts - Predominantly a Convertible Bond market making desk, with CDS and Interest Rate hedging.Cash - Main activities are Agency and Risk trading for clients, predominantly a commission based business.Prop - Runs Equities and Credit based proprietary strategies.The role will be within the EMEA Equities Product Control team supporting one or more of the above core businesses. The primary function is reporting the daily PL to traders and senior management. In addition to the production of the daily PL, the role will include the Financial and Control elements, as well as working on projects within the Product Control space. The role requires extensive interaction with FO traders, Financial Control and Operations, as well as exposure to Market Risk and Project teams, and various other functions through out the bank.
The primary responsibilities of the PL team are:Substantiating and reporting by greek the MTM and Mark To Theoretical PL on a daily basis, adjusting price and position breaks where appropriate.Greek exposure reporting and PL recsSubstantiation of exceptions between Balance sheet / GL and Front Office systems.Month end FX trade in/out managementInvolvement in projects and process improvements specifically around PL and risk reporting, product development and pricing.The role will require front to back view of control agenda and the candidate will have oversight of monthend reconciliations performed by Financial Control hub, and production of monthend MIS reporting for senior management.
Qualifications
The specific experience necessary for this position is:Cash and Derivatives product knowledge, including understanding of the Greeks.Good knowledge of Accounting, preferably within the Banking industry.Proactive approach to problem solving and ability to identify and drive though changeStrong analytical skills and attention to detail including a strong control focusExcellent communication skills and ability to develop strong working relationshipsExcel skillsAbout 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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