We are seeking a highly motivated professional to join our Hedging Product Control team within the Treasury/Chief Investment Office (TCIO). TCIO manages the Firm’s balance sheet including its liquidity, interest rate, FX and capital risks through various investment and hedging strategies and executes market transactions using a diversified slate of fixed income, derivative, FX and credit products.
As a Product Control Senior Associate you will work closely with multiple teams across front office, middle office, technology and policy to support the firm’s structural interest rate risk management hedging activities.
Position Responsibilities:
- Interest rate risk hedging analytics support: explain drivers of hedge results (e.g., curve moves, carry/roll, DV01 changes) and produce related analyses for senior management
- Ensure accurate valuation, booking, P&L attribution, for hedging activities and ensure hedges qualify for and are maintained under hedge accounting rules
- Oversight of hedging related financial reporting, operational controls and documentation.
- Partner with Technology teams to streamline and improve the end-to-end processes through automation and workflow redesign
- Implementation of new hedging strategies
- Participate in ad-hoc projects and other analytical requests
Required qualifications, capabilities, and skills:
- Bachelor’s degree in Accounting, Finance, or a related field (CPA or progress toward CPA is preferred)
- Minimum 3 years’ relevant experience within a financial institution/markets environment and/or in public accounting
- Working knowledge of fixed income and rates products (e.g., interest rate swaps government/agency bonds, securitized products)
- Capable of managing individual projects and meeting deadlines with minimal supervision
- Strong communication skills with the ability to clearly explain technical concepts to key stakeholders
- High motivation, a desire to learn and ability to quickly climb the learning curve
- Ability to manage tight timelines, prioritize effectively, and maintain high attention to detail
Preferred qualifications, capabilities, and skills:
- Solid understanding of interest rate swaps/derivative products (trade economics, lifecycle events, discounting basics) and how they are used to hedge interest rate risk
- Knowledge of or experience with hedge accounting concepts including documentation, effectiveness assessment and financial statement presentation/disclosures for fair value and cash flow hedges
About Us
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
Skills Required
- Bachelor’s degree in Accounting, Finance, or a related field
- CPA certification or progress toward CPA
- At least 3 years of relevant experience in a financial institution, markets environment, or public accounting
- Working knowledge of fixed income and rates products, including interest rate swaps, government or agency bonds, and securitized products
- Ability to manage individual projects and meet deadlines with minimal supervision
- Strong communication skills and ability to explain technical concepts to key stakeholders
- High motivation, willingness to learn, and ability to quickly develop expertise
- Ability to manage tight timelines, prioritize effectively, and maintain strong attention to detail
- Solid understanding of interest rate swaps and derivative products, including trade economics, lifecycle events, and discounting basics
- Knowledge of hedge accounting concepts, including documentation, effectiveness assessment, and financial statement presentation and disclosures
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.
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Healthcare Strength — Health coverage is considered comprehensive, including medical, dental, and vision, alongside wellness and mental health resources. Some locations add onsite health centers and related wellbeing support.
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Retirement Support — Retirement offerings include a 401(k)-type savings plan and related financial benefits, with options such as employee stock purchase participation. Financial planning resources are also highlighted to support long-term savings.
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Parental & Family Support — Paid parental leave of 16 weeks for birth or adoption is available for all parents. Child care and back-up child care resources further reinforce family support.
JPMorganChase Insights
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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