Hedging Product Control, Senior Associate

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.

• 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

• 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

• 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

JPMorgan

Chase, 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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, 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.

We recognize that our people are our strength and the diverse talents…