Differential Discounting Product Control – Associate

Testing Site - JPMC; Greater London; On-site; GBP 70,000 - 100,000; Full time

Job summary

JPMorgan Chase in London seeks a Differential Discounting Product Control Associate within the IB Finance and Business Management team. You will manage CSA-specific discounting risks, support financial reporting and regulatory compliance, and collaborate with trading desks and control functions to drive the control agenda.

You will contribute to data integrity, provide analysis, and support technology and regulatory initiatives in a dynamic, global financial institution.

Qualifications

• Strong numerical and analytical capabilities.
• Knowledge of interest rate products including FRA, IR and XCCY swaps, basis, and discounting.

Responsibilities

• Reconcile and report P&L from dealer estimates to GL postings
• Analyze and report key business risk measures for the differential discounting business
• Own and validate inputs to Value-at-Risk (VaR) calculations
• Ensure end-to-end data integrity across trading systems
• Investigate discrepancies between front and back-office systems
• Provide accounting, regulatory, and booking guidance to the business
• Support new product approvals and sign-off financial statements
• Deliver financial analysis to assist management decisions
• Build relationships with Front Office and risk managers
• Adapt to changing priorities in a fast-paced trading and month-end environment

Skills

Numerical skills

IR products

Excel macros

Trading comms

GAAP knowledge

Internal controls

Self-motivated

Pressure tolerance

Effective communicator

Organizational skills

Finance experience

Job description

Are you ready to make an impact in a fast-paced trading environment? At JPMorgan Chase, you’ll play a key role in managing complex derivative financing risks and supporting business decisions. Our Differential Discounting Product Control team is at the forefront of risk management, financial reporting, and regulatory compliance. You’ll collaborate with senior leaders and drive meaningful change across the organization. This is your opportunity to grow your expertise and advance your career in a dynamic, global financial institution.

As a Differential Discounting Product Control Associate in the IB Finance and Business Management team, you help us manage CSA-specific discounting risks and ensure accurate financial and regulatory reporting. You work closely with trading desks, business management, and support functions to deliver key business insights. You drive the control agenda, support technology and regulatory initiatives, and foster strong relationships across the organization. Together, we create a robust control environment and support strategic business decisions.

Job Responsibilities

• Reconcile and report profit and loss figures from dealer estimates to General Ledger postings
• Analyze and report key business risk measures for the Differential Discounting business
• Own and validate inputs to Value-at-Risk (VaR) calculations
• Ensure end-to-end integrity of deal data on bank systems
• Investigate and resolve discrepancies between front and back-office systems
• Advise the business on accounting, regulatory, and booking issues
• Participate in new product approval and sign off business unit financial statements
• Support business unit strategy and management with financial analysis
• Develop and maintain relationships with senior Front Office, Business Management, and support functions
• Liaise with business and risk managers to further the control agenda
• Adapt to changing priorities in a fast-paced, trading and month-end environment

Required Qualifications, Capabilities, and Skills

• Strong numerical and analytical skills
• Understanding of interest rate products, including FRA, IR and XCCY Swaps, tenor/currency basis, and discounting calculations
• Proficiency in spreadsheets (MS Excel), including formulae and macro construction or willingness to learn
• Ability to interact effectively in a trading room environment and develop partnerships across teams
• Proficiency in accounting and knowledge of US and UK GAAP
• Solid understanding of internal controls and risk assessment concepts
• Self-starter with a strong interest in learning
• Ability to work well under pressure, with attention to detail and tenacity
• Excellent written and verbal communication skills
• Strong multi-tasking and organizational skills
• Relevant experience in finance, product control, or risk management

Preferred Qualifications, Capabilities, and Skills

• Experience with regulatory, credit, market risk, tax, and accounting issues related to derivatives
• Familiarity with technology systems supporting trading and risk management
• Experience supporting technology, business, or regulatory initiatives
• Ability to balance cooperative and responsive approaches with rigorous control standards
• Experience in a fast-paced trading or month-end environment
• Demonstrated subject matter expertise in product control
• Advanced Excel skills, including VBA/macros