Hedging Product Control, Senior Associate

JPMorganChase; Newark (DE); On-site; USD 100,000 - 140,000; Full time

Job summary

JPMorganChase is seeking a Product Control Senior Associate to join the Hedging Product Control team within the Treasury/Chief Investment Office. The role focuses on supporting hedging activities, ensuring accurate valuation, and maintaining hedge accounting and reporting controls.

You will work with front, middle, technology teams and policy to manage fixed income hedges and participate in new hedging strategy implementations, with opportunities to contribute to ad-hoc projects.

Qualifications

• Bachelor's degree in Accounting, Finance, or related field (CPA or progress toward CPA preferred).
• Minimum 3 years' relevant experience within a financial institution/markets environment and/or public accounting.
• Working knowledge of fixed income and rates products (e.g., interest rate swaps, government/agency bonds, securitized products).
• Ability to manage projects and meet deadlines with minimal supervision.
• Strong communication skills to clearly explain technical concepts to stakeholders.
• High motivation, desire to learn, and ability to quickly climb the learning curve.
• Ability to manage tight timelines, prioritize effectively, and maintain high attention to detail.

Responsibilities

• Interest rate risk hedging analytics support: explain hedge drivers and produce analyses for senior management.
• Ensure accurate valuation, booking, P&L attribution for hedging activities and hedge accounting maintenance.
• Oversight of hedging related financial reporting, controls and documentation.
• Partner with Technology to streamline end-to-end processes via automation and workflow redesign.
• Implementation of new hedging strategies.
• Participate in ad-hoc projects and other analytical requests.

Skills

Accounting/Finance knowledge

Fixed income knowledge

Communication skills

Project management

Attention to detail

Education

Bachelor's degree in Accounting/Finance

CPA or progress toward CPA (preferred)

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.

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 Us

JPMorganChase, 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 they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

About The Team

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.

Global Finance & Business Management works to strategically manage capital, drive growth and efficiencies, maintain financial reporting and proactively manage risk. By providing information, analysis and recommendations to improve results and drive decisions, teams ensure the company can navigate all types of market conditions while protecting our fortress balance sheet.