The Product Control External Reporting team at JPMorgan Chase's Investment Bank Fixed Income Division needs to ensure the integrity of the financial statements for the Credit Trading & Syndicate and Public Finance businesses, manage balance sheet and capital, and produce accurate P&L and risk management controls for both standard and non-standard business elements.
Requirements
- Strong proficiency in Excel and Alteryx.
- Solid understanding of accounting principles, including Fair Value Measurement (FVM), Fair Value Option (FVO), and loan accounting (recognition, measurement, impairment).
- Fixed Income product knowledge, such as bonds, mortgage-backed securities, asset-backed securities, and interest rate swaps.
- Knowledge of capital concepts and Risk-Weighted Assets (RWA), including regulatory requirements and calculation methodologies.
Responsibilities
- Oversee and be accountable for the quality and integrity of the financial statements and internal business performance reporting for the Business.
- Ensure the business fully understands developments in financial reporting and priorities, including changes to the Capital framework, Risk Weighted Assets, revenue recognition on bifurcated deals, and drivers of daily P&L.
- Follow, implement, and roll out new developments in the regulatory space, such as GSIB, FRTB, Basel IV, and new accounting pronouncements.
- Analyze and advise in the Accounting and Control function, responsible for booking and control of transactions, and transaction & booking strategies to ensure optimal tax and regulatory implications.
- Provide guidance on accounting for products, liaising with the Accounting Policy group as appropriate, and ensuring compliance with Corporate Regulatory requirements.
- Understand, oversee, and compile corporate regulatory reporting requirements for the business, including additional Liquidity, Capital, or Reporting standards.
- Co-ordinate with Legal Entity Controllers centrally and in countries to ensure financial statement integrity and adherence to regulatory and disclosure requirements.
Other
- 4+ years of experience.
- Excellent relationship-building skills; comfortable interacting with business contacts and working in teams.
- Ability to summarize complex information and present it at the executive level.
- Capacity to understand and support business strategy in a growth environment.
- Strong teamwork, coachability, and ability to take direction and deliver results with minimal supervision.
