Equity Exotics Product Controller - London, United Kingdom - JPMorgan Chase Bank, N.A.

JPMorgan Chase Bank, N.A.

Verified Company

London, United Kingdom

4 days ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

About J.P. Morgan's Corporate & Investment Bank
Description

The EMEA Equities business is split into several core businesses:

Cash
Main activities are Agency and Risk trading for clients, predominantly a commission based business.
Equity Derivative (EDG) primarily market making and structuring transactions for clients:

Volatility

Market making business offering a wide variety of Options, Swaps, Convertibles and Structured Notes solutions to clients, across a spectrum of complexity levels

Financing

Predominantly offers clients bespoke Equity based financing structures and products.

Prime

Main activities are Stock / Borrow Lend and Financing activities.

The role will be within the EMEA Equities Product Control team supporting the Equity Derivative business activities, specifically within the Exotics team (Volatility).

The primary responsibilities of the Product Control team are:

Production, validation and reporting of Start of Day Risk and T+1 P&L
Substantiation and reporting by Greek attribute ie Delta, Gamma, Vega. P&L on a daily basis
Provide accurate and timely equities market risk analysis
Obtain daily Risk and P&L Sign off from Front Office
Production of commentary for P&L primarily across timecycles, legal entities to a variety of stakeholders
Ownership of adjustments, ensuring appropriate comments, remediation and escalation until resolution
Material Deal Review, potential offmarket and Significant Transaction analysis / write up
Day 1 P&L GAAP Deferral of Level 3 Assets and Liabilities
Substantiation of exceptions between Balance sheet / GL and Front Office systems.
Month end FX trade in/out management
Ensure adequate, accurate information into a variety of metric and governance forums monthly
Enhance reporting processes through self generated methods

Qualifications:

The specific experience necessary for this position is:

Extensive Derivatives product knowledge, preferably with Equities specific experience
Good knowledge of accounting, preferably within the Banking industry.
Proactive approach to problem solving and ability to identify and drive though change
Strong analytical skills and attention to detail including a strong control focus
Excellent communication skills and ability to develop strong working relationships
Advanced Excel skills (VBA coding preferred)
Python experience (preferred)

All internal moves will normally take place on the same grade and same salary. Salaries are reviewed annually in February. Exceptions to the rule regarding transfer on current salary may include a move between geographic locations.
J.P.

Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors.

Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success.

We are an equal opportunity employer and place a high value on diversity and inclusion at our company.

We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law.

In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.