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Product Control (P&l) and Risk – Vice President

Newark, DE, USA | J.P. Morgan

  • Industry:
    Financial Services
  • Position Type:
  • Functions:
    Accounting / Control
    Product Development
    Risk Management
  • Experience:
    7-10 years
Job Description:
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Directly Manage and Oversee team of Product Controllers supporting the CIO/Treasury Front Office

Production and substantiation of P&L and Risk to CIO/Treasury FO/Management

Provide supervisory oversight of daily P&L/Risk process and Regional/Global management reporting

Provide oversight of daily system to system reconciliations

Oversight/Monitor various corporate feeds relating to CIO & Treasury

Monitor Market Risk related controls- includes updating/monitoring of risk limits, report clean P&L for VaR back testing, various risk reporting

Monitor Credit risk related controls and includes working in close partnership with Credit Risk & reporting teams, produce country risk reporting, monitoring and escalation of collateral valuation differences

Contribute to New Business initiatives including active participation to on-board a new product & designing MO work flow, provide analysis/advice around booking strategies & operational procedures

Actively run Strategic Re-engineering and global projects involving front/back end systems and closely partner across 3 regions.

Provide support for any ad hoc requests and queries from various stakeholders

Review current processes, identify opportunities for improving efficiency & controls and delivering tactical/strategic solutions

Work in close partnership with Market Risk, Credit Risk, Business Management, Trade support, Financial controllers, VCG, Technology, PMO & other regional MO to ensure adequate controls on overall P&L & Risk numbers

Understand & contribute to various control frameworks, i.e. Control Self Assessment (CSA), Sarbanes Oxley (SOX) & Business Control Committees (BCC’s)

Participate and contribute to firm-wide initiatives which includes global projects on re-engineering risk management & back office system, improvement

Qualifications/Key Skill-Sets

Degree in Finance, Accounting, Risk or related field required e.g. CPA, CFA, FRM or other management discipline desired

7+ years’ experience with top tier banks in Middle Office, Market Risk, Valuation, Finance or Product Control

In depth understanding in trade life cycle, P&L explains, Market Risk reporting

Good derivatives product knowledge with hands on experience in FX, Interest Rate, Fixed income & Treasury products

Good understanding of transaction cycle, infrastructure & associated operational and financial processes and controls

Strong leadership and management skills, self-starter & can lead and motivate team members

Works independently and takes decisions, escalates when appropriate

Good communication skills, robust and credible partner

Detail oriented, ability to deep dive on processes and improve controls/efficiencies

Strong relationship-building and networking skills

Ability to deal with high level of adhoc requests and deliver under pressure

Excel/ MS PowerPoint proficiency

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