Shire Jobs

The role entails independent, accurate and timely analysis of daily P&L and Risk for the CPG ( Credit Portfolio Group) trading desk.

As a North America CPG Product Control Associate in the Product Control team, you will have extensive interaction with the Front Office trading desk, Market Risk and wider support functions team and will be required to have strong communication skills, be self-motivated and able to work independently. In this role you will also be provided with an excellent opportunity to learn and gain an in-depth understanding of XVA (CVA and FVA) risk management techniques. The CPG desk trades a wide range of products across all asset classes such as Credit Default Swaps, CDS indices, Bond Futures, Interest Rate Swaps, FX forwards, Cross currency swaps, Commodity Futures, Equity Futures and Options.

Job responsibilities

• Reviews and reports of P&L and Risk (daily)

• Validates and understands daily P&L explains, first order & higher order explains and residual amounts.

• Understand movement and explains for the changes in CVA and FVA reserves on daily basis and corresponding risk changes driven by these changes.

• Coordinate closely with traders on understanding the movement in books and Day 1 PnL issues.

• Identifies, design and implements new controls and processes around the P&L production to drive efficiencies and to keep up to date with Global Product Control standards

• Participates in a wide range of on-going and new projects ensuring the needs and requirements of Product Control are met

• Provides daily/weekly/monthly P&L commentaries to senior traders, senior management, explaining P&L in terms of desk's risk position, strategy and economic factors

• Liaises with Financial Control to investigate and remedy cash flow breaks, PnL breaks and FX exposure breaks.

• Partners with the business to drive forth and implement robust controls and new business initiatives

• Drives coordination across various front & back office support functions to ensure resolution of control and reporting issues in an accurate and timely manner

Required qualifications, skills and capabilities

• Work experience within Product Control, Financial Control, Accounting, or related area

• Bachelor's degree in Accounting, Finance, Business or related area

• Strong analytical and problem-solving skills with excellent attention to detail

• Ability to challenge efficiency and drive forward on change and innovation of processes

• Excellent communication skills with ability to understand/explain complex concepts

JPMorgan Chase & Co., 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. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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 is an Equal Opportunity Employer, including Disability/Veterans

Base Pay/Salary

Brooklyn,NY $90,300.00 - $135,000.00 / year; New York,NY $90,300.00 - $135,000.00 / year