Macro Markets includes Global Rates, Global Currency Emerging Markets, and Commodities
Global Rates Trading
The desk's mandate is to offer solutions to its clients primarily through interest rate derivative products, including but not limited to interest rate swaps, options, swaptions and inflation-linked products along with structured note issuances and cash products. Through partnering with financial control, front office, business management, middle office and operations, the Product Controllers are tasked with the production of daily P&L;/risk, balance sheet capital management and ensuring the accuracy and integrity of the financial statements, while driving the control agenda across the business.
Global Currency Emerging Markets (CEM)
The desk's mandate is to offer solutions to its clients primarily through a range of products are such as bonds (fixed coupon, FRNs, amortizing, step up / step down), equities, vanilla & exotic non-USD IR derivatives, FX options and Futures, bond options, CDS and many structured trades for tax and legal management. The target client base include both primary and secondary market clients, corporate, sovereign, financial institution, real estate investment funds and financial sponsors which finance their activities regularly in the international markets.
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 preferable
- Strong 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.
