EMEA Rates Swaps Product Controller – Associate

Posted 5 Hours Ago
Be an Early Applicant
2 Locations
Hybrid
Junior
Financial Services
We’re one of the world’s biggest technology-driven companies
The Role
Deliver accurate daily P&L and market risk reporting for EMEA Rates Swaps. Validate and explain P&L drivers, perform month-end reconciliations, resolve cash flow and FX breaks, design controls, support projects, and prepare commentaries for senior management while coordinating front-, middle- and back-office stakeholders.
Summary Generated by Built In

Help turn market activity into trusted financial results. 

The EMEA Rates Swaps business is responsible for trading a wide array of interest rate products, primarily focused on flow and vanilla derivatives. This includes interest rate swaps, cross-currency swaps, forward rate agreements (FRAs), overnight index swaps (OIS), basis swaps, and inflation-linked swaps, along with related hedging and risk management solutions tailored to meet client needs across a broad range of maturities and currencies in a dynamic market landscape.

 

As an Associate Product Controller in the EMEA Rates Team, you will be responsible for delivering accurate P&L and Market Risk reporting. This role involves close collaboration with stakeholders such as Front Office, Middle Office, Market Risk, Business Managers, and various teams across Finance.

 

Job responsibilities
  • Review and report daily P&L and risk metrics.

  • Validate and analyse daily P&L explanations, including Volcker attributions, first and higher order effects, and residuals.

  • Perform month-end close reconciliations between the P&L Aggregator and General Ledger.

  • Identify, design, and implement new controls and processes to enhance P&L production efficiency and align with Global Product Control standards.

  • Participate in ongoing and new projects to ensure Product Control requirements are met.

  • Prepare and deliver daily, weekly, and monthly P&L commentaries to senior management, explaining results in terms of desk risk, strategy, and market factors.

  • Work with Financial Control to resolve cash flow breaks and review FX balances.

  • Partner with the business to implement robust controls and support new initiatives.

  • Coordinate across front and back office support functions to resolve control and reporting issues promptly and accurately.

 

Required qualifications, capabilities and skills

  • Experience in Product Control, Financial Control, Accounting, or a related field.

  • Bachelor’s degree in Accounting, Finance, Business, or a related discipline.

  • Strong analytical and problem-solving abilities with keen attention to detail.

  • Proactive approach to process improvement and innovation.

  • Excellent communication skills, with the ability to explain complex concepts clearly.

 

Preferred qualifications, capabilities and skills

  • Knowledge of financial products.

  • Advanced Excel skills (VBA coding preferred).

About Us
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 also offer a range of benefits and programs to meet employee needs. Benefits include comprehensive health care coverage, a retirement savings plan, insurance benefits, a discount program including sportscard benefit, an Employee Assistance Program, wellness benefits and more. Eligible employees may also access the company’s social fund for financial support. 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.
About the TeamJ.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. 

Skills Required

  • Experience in Product Control, Financial Control, Accounting, or a related field
  • Bachelor's degree in Accounting, Finance, Business, or a related discipline
  • Strong analytical and problem-solving abilities with keen attention to detail
  • Proactive approach to process improvement and innovation
  • Excellent communication skills, able to explain complex concepts clearly
  • Knowledge of financial products
  • Advanced Excel skills (VBA coding preferred)

JPMorganChase Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about JPMorganChase and has not been reviewed or approved by JPMorganChase.

  • Healthcare Strength Medical, dental, vision, and mental health coverage are comprehensive, with on-site clinics, preventive care, and specialized supports such as maternity nurse guidance and fertility treatments. Wellness activities can help offset copays and out-of-pocket costs, reinforcing the perceived strength of health benefits.
  • Retirement Support A 401(k) with dollar-for-dollar matching and additional automatic pay credits reflect strong employer-backed retirement savings. An employee stock purchase plan and related financial programs further bolster long-term financial support.
  • Leave & Time Off Breadth Paid time off, sick time, holidays, and generous parental leave are provided alongside family medical leave and adoption/fertility assistance. Additional programs like caregiver support and volunteer time off expand the breadth of time-away options.

JPMorganChase Insights

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The Company
HQ: New York, NY
289,097 Employees
Year Founded: 1799

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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