Corporate and Investment Banking: Global Clearing Controllers Profit & Loss - Associate Job at JPMorgan Chase Bank, N.A.
The Global Clearing business rolls up to the Global Equities line of business within the Corporate & Investment Bank and helps clients clear and settle derivative transactions globally across a full suite of products including listed futures, options, FX, rates and credit derivatives. The business is comprised of Futures & Options (F&O), Over the Counter Clearing (OTC Clearing), FX PB and Treasury Liquidity Management. It is at the forefront of significant regulatory reform, including but not limited to: Mandatory clearing of OTC Derivatives, Basel III Agency Clearing rules as well as Basel III Leverage Ratio implementation.
The F&O business is one of the most dynamic market leaders in the futures and options brokerage business. The business has provided Sales, Execution and Clearing services across fixed income, equity, foreign exchange and commodity asset classes since 1979. Today, the business clears at over 70 exchanges with electronic trading access to over 50 of them.
Global Clearing is at the center of regulatory reform as well as the cross section of the Corporate and Investment Bank. At a time of significant industry change, this role represents an opportunity to gain expertise in an area of focus within the bank and markets. This role will focus on PnL and risk reporting for the North America Clearing desk within the Global F&O and OTC Clearing business.
Job Responsibilities:
- Own daily P&L and month-end close processes for Americas Clearing desk.
- Provide detailed analysis and reporting on the financials to desk heads, business managers, and senior finance management
- Partner with the business to drive forth and implement robust controls and new business initiatives
- Drive coordination across various back office support functions to ensure resolution of control and reporting issues in an accurate and timely manner
- Serve as an analytical and project support resource for product control
- Handle various ad-hoc requests on a daily basis
- Ensure product control is adhering to the CIB product controller standards and actively work to remediate any gaps
Required qualifications, capabilities and skills:
- Strong quantitative/analytical skills and attention to detail
- Strong Communication and Presentation skills - written and verbal
- Ability to multi-task and execute on a variety of deliverables
- Self-motivated and results driven
- Ability to implement and maintain effective controls
- Proficient in Microsoft Excel/PowerPoint
- Minimum 2-3 years of relevant work experience; strong Accounting/Finance background
Preferred qualifications, capabilities and skills:
- Derivatives experience preferred
NOTE: Sponsorship not provided
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 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.
The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the "WELL Health-Safety Rating" for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.
As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm's current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm's vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.
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, discretionary incentive compensation which may be 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.
Equal Opportunity Employer/Disability/Veterans
Base Pay/Salary
Brooklyn,NY $81,000.00 - $105,000.00 / year
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