JP Morgan Chase & Co.

Hedging Product Control, Senior Associate

JP Morgan Chase & Co. • $95K — $115K *
Newark, DE 19713In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor’s degree in Accounting, Finance, or a related field; CPA preferred
  • Minimum 3 years’ experience in financial institution or public accounting
  • Familiarity with fixed income and rates products such as interest rate swaps
  • Ability to manage projects and deadlines independently
  • Strong communication skills for technical discussions
  • High motivation and eagerness to learn quickly
  • Excellent prioritization and attention to detail

Responsibilities

  • Support interest rate risk hedging analytics and explain drivers of hedge results
  • Ensure accurate valuation, booking, and P&L attribution of hedging activities
  • Oversee financial reporting and operational controls related to hedging
  • Collaborate with Technology teams to enhance automation and workflows
  • Implement new hedging strategies
  • Engage in ad-hoc projects and fulfill analytical requests

Benefits

  • Opportunity to work within a key financial management area of the company
  • Broad exposure to diverse fixed income, derivative, FX, and credit products
  • Collaborative environment with multiple teams across the organization
  • Focus on professional development and opportunities for advancement
  • Engagement in analytical projects that impact senior management decisions
Full Job Description
JOB DESCRIPTION

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 JP Morgan Chase & Co.

JP Morgan Chase & Co. stands at the forefront of the global financial services industry. They offer an expansive array of products and services to a diverse clientele, including individuals, corporations, governments, and institutions. Ever since the merger of J.P. Morgan & Co. and Chase Manhattan Corporation in 2000, this industry-leading entity has become renowned for its comprehensive portfolio encompassing consumer and community banking, corporate and investment banking, commercial banking, as well as asset and wealth management. Headquartered in the vibrant city of New York, JP Morgan Chase & Co. boasts a formidable presence across over 100 countries worldwide.

Unveiling Employment Opportunities at JP Morgan Chase & Co.

Vacancies and Hiring Initiatives

JP Morgan Chase & Co. is continuously on the lookout for talented individuals eager to contribute to its legacy of excellence. The company's recruitment efforts are geared towards identifying candidates with the right blend of skills and qualifications to drive forward its various business segments. Whether you are a seasoned professional or a recent graduate, JP Morgan Chase offers a plethora of job openings across multiple disciplines.

High-Demand Positions

Among the myriad of roles, certain positions stand out for their attractive compensation packages and career advancement prospects. Notably, high-paying jobs at JP Morgan Chase & Co. include Relationship Manager, Branch Manager, and Software Engineer. These roles are critical to the firm's operations and offer lucrative opportunities for those with the requisite expertise.

Navigating the Job Market at JP Morgan Chase & Co.

Leveraging Job Portals and Job Alerts

For job seekers aiming to tap into the opportunities at JP Morgan Chase, staying updated through job portals and subscribing to job alerts is crucial. These tools can provide timely information about job openings, job fairs, and recruitment events, enabling candidates to apply promptly and prepare adequately for interviews.

Preparing Your Job Application

Your job application, comprising your resume and cover letter, is your ticket to securing an interview at JP Morgan Chase. Highlight your qualifications, skills, and experiences that align with the job listing, ensuring you stand out in the competitive job market.

Acing the Interview

Preparation is key to succeeding in your interview with JP Morgan Chase. Familiarize yourself with the company's business segments, values, and recent achievements. Demonstrating how your background and aspirations match the company's goals can significantly increase your chances of employment. A World of Job Opportunites in the Financial Services Industry JP Morgan Chase & Co. offers a world of job opportunities for those seeking to make their mark in the financial services industry. With competitive salaries, comprehensive benefits, and endless possibilities for growth, positions at JP Morgan Chase are highly coveted. By staying informed through job sites, tailoring your applications, and preparing thoroughly for interviews, you can enhance your prospects of joining the esteemed ranks of JP Morgan Chase employees. Explore the job board, seize the job opportunities, and embark on a rewarding career journey with one of the world's leading financial institutions.
Learn more about JP Morgan Chase & Co.
Size
661 employees
Market Cap
$384.5 billion
Industry
Finance & Insurance
Net Income
$29.1 billion
Founded
1823
5 Year Trend
+0.7%
Revenue
$261.5 million
NASDAQ
CCF
* Ladders Estimates

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