IB F&BM – Product Control – Energy Commodities – EMEA Oil – Associate – London recruitment

JPMorgan Chase is a leading global financial services firm with assets of $1.1 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers and businesses, financial transaction processing, asset and wealth management, and private equity. Under the JPMorgan, Chase and Bank One brands, the firm serves millions of consumers in the United States and many of the worlds most prominent corporate, institutional and government clients.
If you're interested in working in an environment where leadership, excellence, integrity and diversity are among our core principles, then explore the opportunities at JPMorgan Chase.
UK Finance has primary responsibility for ensuring financial integrity within all UK based legal entities and to ensure a strong control environment exists as it relates to all businesses, products and operational areas that impact the UK financial accounts.
Global Commodity Group
The GCC Group is a market leader in the trading and market making of Commodity products across the globe.
The Commodities groups are run as global books across time zones.'
The Metals business comprises of Precious and Base metal trading. The former encompasses Gold, Silver, Platinum and Palladium trading, identifying opportunities for mining companies, central banks and hedging funds.
Base Metals primarily deal on the London Metal Exchange in futures and options - aluminium, copper etc. as well as OTC trading solutions for manufacturers and suppliers.
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The Energy group is a physical and derivative trading and marketing group.
The mandate for the group is to provide energy clients with derivative solutions/hedging strategies across crude oil, refined products, natural gas and Index trading (GCSI and DJAIGCI).
They market swaps, options, swaptions, forwards and jointly with the Currency and Commodity Solutions group market customised structures.
They deal directly with end users, suppliers and speculators.
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The Softs group is a derivative trading and marketing group.
The mandate for the group is to provide softs clients with derivative solutions/hedging strategies across agricultural commodities (coffee, cocoa, sugar, wheat, soy products, corn) and Index trading (GCSI and DJAIGCI).
They market swaps, options, swaptions, forwards and jointly with the Currency and Commodity Solutions group market customised structures.
They deal directly with end users, suppliers and speculators.'
The Commodity Solutions group is a primarily a derivative structuring group. The mandate for the group is to provide derivative solutions across the broad spectrum of all currencies and commodities including precious metals, base metals, softs and energy to any range of customers. They deal directly with the sales force and share responsibility for PL amongst their assigned teams. Their job is to innovate products, provide solutions, spot opportunities and enhance client relationships. They work in partnership with all areas of the bank.
The Department
The Commodity business is in a period of rapid growth at JPMorgan. The Finance team are challenged with ensuring a robust and scaleable infrastructure is in place to allow the business to grow at the rate forecast by Front Office and in a controlled fashion. Because of this expected growth, the need for a team of highly skilled individuals dedicated to supporting and building this expanding business is essential.
Key ResponsibilitiesThe product control candidate will work within a team that is responsible for the reporting of trader daily PL and risk, PL and risk substantiation, production of key metrics, monthly adjustments to the general ledger, system reconciliations and onboarding of new products and systems for the Commodities Business.The product controller will assume primary responsibility for the production of the risk and PL reporting for one of the desks supported within the EMEA region, but will also be expected to be able to cover other desks within the team. They will also work with their peers within the team to ensure that the team reporting performance requirements are met.The successful candidate will assist in the development and enhancement of the controls and processes performed within the reporting group.The successful candidate will need to build strong partnerships with key stakeholders, including, Front Office, Market Risk, Finance and Technology.RelationshipsFront Office, working closely with trading staff and physical schedulers on a daily basis.Market Risk, working closely with market risk to ensure that the risk reporting supports Market Risks requirementsMiddle Office, working alongside all middle office support functions: Technology, Risk, Trade Support.Financial Control, working with all aspects of Financial Control to ensure we deliver a consistent productAccounts, working with accounts to ensure the General Ledger is correct.

Qualifications
Key CompetenciesPrevious strong product control experience essential.Accountancy Qualification preferableExcellent communication skillsExcellent team player.Ability to work proactively and unsupervisedProduct knowledge: Options, Swaps, Risk, PL explain concepts.Commodities experience would be useful, but is not essential.Finance or Mathematical based Degree.Systems knowledge: MS Office, Endur (Openlink), Athena, Solarc desirable.LocationSome London based FBM roles will be moving to Canary Wharf over the course of 2012.
Further details will be provided to the successful candidate at the point of hire.
About JPMorgan Chase Co.J.P.
Morgan serves one of the largest client franchises in the world. Our clients include corporations, institutional investors, hedge funds, governments and affluent individuals in more than 100 countries. J.P.
Morgan is part of
JPMorgan Chase Co. (NYSE: JPM), a leading global financial services firm with assets of $2.2 trillion.
The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of clients and consumers under its J.P.
Morgan and Chase, and WaMu brands.
J.P. Morgan offers an exceptional benefits program and a highly competitive compensation package.
J.P. Morgan is an Equal Opportunity Employer.