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- Tasks: Analyse daily P&L and Risk for the Credit Portfolio Group trading desk.
- Company: Join J.P. Morgan, a global leader in financial services.
- Benefits: Gain valuable experience in risk management and financial analysis.
- Why this job: Work closely with traders and learn about diverse financial products.
- Qualifications: Bachelor’s degree in Finance or related field; strong analytical skills required.
- Other info: Diverse and inclusive workplace with excellent career growth opportunities.
The predicted salary is between 36000 - 60000 £ per year.
The role entails independent, accurate and timely analysis of daily P&L and Risk for the CPG (Credit Portfolio Group) trading desk. As a EMEA CPG Product Control Associate in the Product Control team, you will have extensive interaction with the Front Office trading desk, Market Risk and wider support functions team and will be required to have strong communication skills, be self-motivated and able to work independently. In this role you will also be provided with an excellent opportunity to learn and gain an in-depth understanding of XVA (CVA and FVA) risk management techniques. The CPG desk trades a wide range of products across all asset classes such as Credit Default Swaps, CDS indices, Bond Futures, Interest Rate Swaps, FX forwards, Cross currency swaps, Commodity Futures, Equity Futures and Options.
Job responsibilities:
- Reviews and reports of P&L and Risk (daily).
- Validates and understands daily P&L explains, first order & higher order explains and residual amounts.
- Understand movement and explains for the changes in CVA and FVA reserves on daily basis and corresponding risk changes driven by these changes.
- Coordinate closely with traders on understanding the movement in books and Day 1 P&L issues.
- Identifies, designs and implements new controls and processes around the P&L production to drive efficiencies and to keep up to date with Global Product Control standards.
- Participates in a wide range of ongoing and new projects ensuring the needs and requirements of Product Control are met.
- Provides daily/weekly/monthly P&L commentaries to senior traders, senior management, explaining P&L in terms of desk's risk position, strategy and economic factors.
- Liaises with Financial Control to investigate and remedy cash flow breaks, P&L breaks and FX exposure breaks.
- Partners with the business to drive forth and implement robust controls and new business initiatives.
- Drives coordination across various front & back office support functions to ensure resolution of control and reporting issues in an accurate and timely manner.
Required qualifications, skills and capabilities:
- Work experience within Product Control, Financial Control, Accounting, or related area.
- Bachelor’s degree in Accounting, Finance, Business or related area.
- Strong analytical and problem-solving skills with excellent attention to detail.
- Ability to challenge efficiency and drive forward on change and innovation of processes.
- Excellent communication skills with ability to understand/explain complex concepts.
EMEA Credit Portfolio Group (XVA) Product Control – Associate employer: Fairygodboss
Contact Detail:
Fairygodboss Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land EMEA Credit Portfolio Group (XVA) Product Control – Associate
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, especially those working in Product Control or related areas. A friendly chat can lead to insider info about job openings and even referrals.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of P&L analysis and risk management techniques. We recommend practising common interview questions and scenarios that relate to the role, so you can showcase your analytical skills.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation and reiterate your interest in the position. It keeps you fresh in their minds!
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, you’ll find all the latest opportunities tailored to your skills and interests.
We think you need these skills to ace EMEA Credit Portfolio Group (XVA) Product Control – Associate
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the EMEA Credit Portfolio Group role. Highlight relevant experience in Product Control or Financial Control, and don’t forget to showcase your analytical skills and attention to detail!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about the role and how your background aligns with the responsibilities listed. Be sure to mention your communication skills and ability to work independently.
Showcase Your Problem-Solving Skills: In your application, give examples of how you've tackled complex problems in the past. This will demonstrate your strong analytical skills and your ability to drive change and innovation in processes, which is key for this role.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way to ensure your application gets the attention it deserves, and you’ll find all the details you need right there!
How to prepare for a job interview at Fairygodboss
✨Know Your Numbers
Make sure you brush up on your understanding of P&L and risk metrics. Be prepared to discuss how you would analyse daily P&L reports and explain any variances. Familiarity with CVA and FVA will definitely give you an edge!
✨Communicate Clearly
Since this role involves extensive interaction with traders and other teams, practice articulating complex financial concepts in a straightforward manner. You might even want to prepare a few examples of how you've successfully communicated in past roles.
✨Show Your Analytical Skills
Be ready to demonstrate your analytical prowess. Think of specific instances where you've identified inefficiencies or implemented new processes. This will show that you can drive change and innovation, which is key for this position.
✨Research the Company
Familiarise yourself with J.P. Morgan's values and recent news. Understanding their approach to client service and their commitment to diversity and inclusion will help you align your answers with their culture during the interview.