Product Controller Senior Associate

JPMorgan Chase & Co.•New York, NY

55d

About The Position

The Credit Trading & Syndicate and Public Finance businesses within Investment Bank Fixed Income Division is a market leader in credit products for a wide range of clients globally. Product Control function is primarily responsible for the Balance Sheet and Capital Management, P&L production and Risk management control of both the standard and non-standard elements of the business. The Product Controller External Reporting team owns the integrity of the financial statement of the Line of Business. As the Product Controller Senior Associate supporting the Balance Sheet and Capital, you will be responsible for overseeing transaction cycle control and advises on deal specific accounting. Analysis and partnership with the Business on Capital Requirements (Basel III and Basel IV) and funding implications is also an integral part of the role. This broadly includes participating in the financial aspects of the business unit management, identifying, and advising on business tax, accounting, and booking issues, active participation in the new product approval process, revenue sharing execution and an overall signoff of the business unit financial statements. You also will be responsible for the external financial reporting of the North America Credit Trading & Syndicate business and Public Finance.

Requirements

4+ years of experience.
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.
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.
Proven ability to work effectively under pressure and deliver results within tight deadlines.
Strong time management and multitasking skills.

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.
Review and discuss monthly financial performance reports for the business and Legal Entity reporting, including commentary on comparatives, significant revenue items, and trends.
Understand and oversee product valuation issues.
Understand and contribute to various control frameworks, including Continuous Self Assessment (CSA), Sarbanes Oxley, Business Control Committees (BCC's), and New Business Initiative Approval (NBIA).
Analyze and advise on accounting, control, and reporting matters to ensure compliance and optimal outcomes for the business.