Spread Markets includes Global Credit Trading, Global Securitized Products, Public Finance, and Fixed Income Financing
Global Credit Trading
Trading levels are set in rapidly developing or complex credit situations by providing assets and liquidity for clients such as Banks, Insurance Companies, Finance Companies, Mutual Funds, CDO's and Hedge Funds. Credit Trading works in partnership with Origination, Capital Markets and the Syndicate desk, combining debt origination and structuring expertise with distribution and trading capabilities. The Origination and Capital Markets teams work directly with issuers that seek financing solutions.
Global Securitized Products
Securitization is a structured finance process,
which involves pooling and repackaging of cash-flow producing financial assets into securities that are then sold to investors. All assets can be securitized so long as they are associated with cash flow.
Public Finance
Has a presence only in US and is an independent mini-Investment Bank with dedicated bankers, traders and salesmen. It helps local Govts and not-for-profit institutions like hospitals, educational institutions & utilities with their financing needs. Underwrites bond issuances - both tax-free and taxable, lends directly to clients through the Municipal Credit desk and helps clients hedge their risks by selling derivatives. It operates in partnership with other businesses to provide end to end services to clients.
Fixed Income Financing
The team provides secured financing solutions to J.P. Morgan clients across government, credit, and structured credit securities and manages funding and liquidity of the CIB Fixed Income trading inventory.
The Product Controller is primarily responsible for the P&L;, Risk management and control of both the standard and non-standard elements of the businesses. Products include but are not limited to;
Derivatives
- Fixed Income
- Equity
- Futures and Options
- ABS/Conduits
- Supply Chain Financing
- Structured Investments
- Letters of Credits
- Secured and Unsecured Financing
- Leveraged Loans
- Repos
- ETFs
Roles & Responsibilities
The key responsibilities of the P&L; and Risk team are:
Production, preparation and reporting of the daily P&L; and risk management information
Understand, produce and explain daily P&L; into constituent risk components; investigating any issues as needed.
Review with FO to obtain sign-off and for any ad hoc requests and queries. First point of contact for FO.
Additional liaison with other middle office areas, back office, FVP and technology development groups and point of contact for all downstream issues (e.g. Collateral, Credit, Settlements).
Liaison with accounting control group to help investigate any issues around daily monitoring and review of the general ledger to reported P&L; and month-end reporting and substantiation.
Manage projects and initiatives related to all of the above as well as larger cross-business programmes.
Be an active part of the team, coming up with ideas and suggestions for improvements etc.
The two most important characteristics required are the potential to succeed and an active interest in finance.
Essential Skills
- Bachelor's degree; finance, accounting, statistics, or economics is a plus
- Minimum 2-3 years of relevant experience
- Experiencing managing others and/or projects, in either a direct or indirect manner
- Derivatives or Securities experience including clear understanding of Greeks analysis. Equity Derivatives experience preferableStrong interpersonal/communication skills - ability to relay information in a concise and understanding manner Professional attitude, strong team player and personable / approachable manner
- Strong attention to detail and ability to work effectively to tight deadlines
- Analytical and logical manner; good at problem solving and devising solutions
- Previous P&L; or risk within a derivatives or fixed income securities environment preferable
- Proven track record of delivering high quality results within tight deadlines; ability to manage multiple priorities
- Strong analytical, problem solving, and process re-engineering skills
- Investigative mind-set, able to see issues at both a high level and in detail
- Excellent verbal and written communication skills, experience with creating documentation
- Energetic self-starter who takes ownership
- Strong team player, comfortable working with all levels of the organization
- Strong technical skills in using Excel and PowerPoint
- Interest and ability to work in a fast-paced and dynamic environment
Advantageous:
- Accounting / Control experience- a professional accounting qualification, e.g. ACA, CIMA
- CFA charter holder.
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 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. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.
