Financial Reporting, Analysis & Control - Fixed Income

Job Description

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.

Job 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.

Required qualifications, capabilities, and skills:

• 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, loans, asset-backed securities, CDS 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 with 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

• Practical fluency with AI-enabled productivity tools to accelerate research, writing, analysis, and stakeholder communications  

 

To be eligible for this role, you must be authorized to work in the United States. We do not offer any type of employment-based immigration sponsorship for this role. Likewise, JPMorgan Chase & Co. will not provide any assistance or sign any documentation in support of any other form of immigration sponsorship or benefit, including optional practical training (OPT) or curricular practical training (CPT).

About Us

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process. 

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. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our  FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

About the Team

J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.