CIB F&BM Global Securities Product Control Associate

Location:Greater London
Job Type:Full Time
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Business Description

J.P. Morgan’s Corporate & Investment Bank (CIB) 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.

Securities Services is a business within the CIB with ~$22 trillion of assets under custody and ~$150 billion in deposits, providing institutional investors with a complete approach to custody, leveraging advanced technology to optimize efficiency, enhance revenues and mitigate risks associated with global investing. With Direct Custody capabilities in each region and a network of subcustodians, J.P. Morgan can provide services across more than 90 markets, including trade and corporate action instruction processing, settlement and portfolio reporting, as well as access to the bank’s full range of asset servicing solutions.

J.P. Morgan also offers clients top-tier fund administration, as well as a fully integrated custody and prime brokerage solution.

**Department: Product Control

Product controllers are an independent control function responsible for the accuracy and integrity of Line of Business (LOB) books and records. The key control functions and responsibilities of a controller in Securities Services includes monthly P&L substantiation, assisting with the month-end close process in partnership with Financial Control and Legal Entity Controllers as well as ensuring the integrity of the US GAAP General Ledger, LOB submissions and representations in external Regulatory filings including 10Q/10K, and Risk Weighted Asset (RWA) policy application and calculation. Additionally, the product control function works with the business to help optimize RWA and Capital, Balance sheet usage, CIB Treasury funding and the impact of Regulatory reform.

Product controllers in the CIB are aligned to LOB’s and report to their respective LOB Global Controller. The team’s key interactions are with Product (front office), Sales & Marketing, Business Managers, Financial Control, Business Control Officers, Legal Entity Control, Market Risk, Operations and Technology.

Role Description

The successful candidate will be part of the team in London where the team is responsible for providing business advisory and accounting support, control oversight and integrity of the product revenue and end-to-end control. The team plays an instrumental role in creating the budget, forward-looking forecasts and analysis of the financial results to the business as well as senior CIB stakeholders. The candidate will serve as a key partner to the global and local business head as well as other functional teams.

The role is suitable for a candidate with a track record of insightful analysis and control focus, who is keen to learn and operate in a constantly improving environment, and looking to take on leadership and management responsibilities.

Examples of responsibilities:

  • P&L explain and reporting
  • Weekly P&L publish: include key drivers and trending analysis; MoM / WoW / Actual vs plan variance explain; client mix and macro-economic outlook
  • Monthly GL close P&L publish: breaks reconciliation, P&L variance explain and detailed commentary
  • Conduct monthly business review meeting for Global and regional P&L signoff
  • Ensure the accuracy of quarterly earnings submissions and provide thoughtful analyses for senior management review
  • Perform ad-hoc forecast and profitability scenarios analysis (for example, anticipating a Fed rate change, client re-pricing or re-structuring) to help business understand impact from changing market environment and to ensure our forecast is aligned to latest market information
  • New Business/Projects
  • Partner with business, technology and QR to drive the delivery of strategic initiatives (P&L aggregator, analytics tools)
  • Ownership for NBIA process from a Finance perspective
  • Work closely with business heads to develop adequate financial reporting and key performance indicator as business expands and grows
  • Identify process enhancement opportunities and take ownership of resolution plans
  • Scope to participate and contribute to team wide change agenda
  • Stakeholders and Influencing
  • Face off to multiple stakeholders across a variety of Securities Services business as well as Treasury Services, JPM Treasury, Technology and QR
  • Regular opportunity to present to immediate as well as wider team, developing communication, influencing and presentation skills

Qualifications and Experience Required:

  • Degree qualified - ideally a numerate degree
  • Enthusiastic and a self-starter, ale to work independently with direction
  • Good financial product knowledge
  • Ability to work effectively, meet challenging deadlines and to work under pressure
  • Analytical and quantitative aptitude - ability to identify and solve problems independently
  • Good verbal and written communication skills
  • Strong technical skills (Advanced Excel)
  • Proactive and willing to accept responsibility

To be considered for this role, you may be required to complete the video interview powered By HireVue.

About 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.

JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer and a member of the UK Government’s Disability Confident Scheme.**