Securitized Products Group, Product Controller (Analyst) - Commercial and Investment Bank
Job Description
Join the dynamic Finance and Business Management group within the Commercial and Investment Bank! Finance & Business Management's (F&BM) goals are to ensure sound control environments and provide financial advice to support the business strategy. Within F&BM, the Controllers organization is responsible for ensuring the overall integrity and validity of the financial statements and controls over the transaction cycle; performing critical reporting functions for the organization, both financial and regulatory, as well as ensuring execution and implementation of the overall financial architecture.
As a Product Controller Analyst within the Securitized Product Group, you will be part of a multi-regional team responsible for a variety of tasks. Your role will encompass the oversight of several Securitized Product Group (SPG) businesses, including Asset-Backed Securities (ABS) Trading, Non-Agency Residential Mortgage Backed Security (RMBS) Trading, Mortgage Finance (lending), and several whole loan mortgage businesses, as well as several derivatives desks. Your responsibilities will include producing, preparing, and reporting daily P&L and risk to various stakeholders, including senior Commercial and Investment Bank (CIB) and senior Trading personnel. You will also be expected to understand, produce, and explain daily P&L into constituent risk components, investigating any issues as needed. As a key point of contact for the Front Office (FO), you will be responsible for obtaining sign-off of P&L and risk, addressing any ad hoc requests and queries, and coordinating the month-end closing of books to ensure accurate and reconciled financial statements. Your role will also involve liaising with middle office areas, back office, Valuation Control Group (VCG), and technology development groups as appropriate. You will also work with various stakeholders to support new business activities, including ensuring proper accounting, system flow, downstream reporting, etc. Additionally, you will work with Market Risk Coverage to report, validate and reconcile key risk metrics in various reports including limits and daily reporting packs. Lastly, you will manage projects and initiatives related to all of the above as well as larger cross-business programs as required..
Job responsibilities
- Produce, prepare, and report daily P&L and risk to various stakeholders, including senior Commercial and Investment Bank (CIB) and senior Trading personnel.
- Understand, produce, and explain daily P&L into constituent risk components; investigating any issues as needed.
- Review with Front Office (FO) to obtain sign-off of P&L and risk, and address any ad hoc requests and queries.
- Act as a first point of contact for Front Office (FO) for all financial and performance information.
- Coordinate month-end closing of books, ensuring accurate and reconciled balance sheet, income statement, and other financial statements.
- Liaise with middle office areas, back office, Valuation Control Group (VCG), and technology development groups as appropriate.
- Work with various stakeholders to support new business activities, including ensuring proper accounting, system flow, downstream reporting, etc.
- Work with Market Risk Coverage to report, validate and reconcile key risk metrics in various reports including limits and daily reporting packs.
- Manage projects and initiatives related to all of the above as well as larger cross-business programs as required.
Required qualifications, capabilities, and skills
- Interest and experience in Accounting/Finance
- Strong understanding of Securitized Products in their various forms (Loans, Securities, and Derivatives),
- Strong analytical, problem-solving abilities and detail oriented
- Good written and verbal communication skills
- Ability to multitask and prioritize effectively
Preferred qualifications, capabilities, and skills
- Accounting / Control experience- a professional accounting qualification, e.g. CPA, Application Control Assessment (ACA), Certified Investment Management Analyst (CIMA)
- CFA charter holder
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.
What We Do
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands.
Technology fuels every aspect of our company and is at the heart of everything we do. With over 50,000 technologists globally and an annual tech spend of $12 billion, we are dedicated to improving the design, analytics, development, coding, testing and application programming that goes into creating high quality software and new products.
Learn more about technology at our firm, explore resources from our Distinguished Engineers, AI & ML researchers, and other experts; access the latest episode of our TechTrends podcast, and more at www.jpmorgan.com/technology. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
©2023 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans.
Why Work With Us
Our technologists work on a diverse range of solutions that include strategic technology initiatives, big data, mobile, electronic payments, machine learning, cybersecurity, enterprise cloud development, and other state-of-the-art technologies.
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