Hedging Product Control, Senior Associate

JPMorganChase; Newark (DE); On-site; USD 90,000 - 150,000; Full time

Job summary

JP Morgan Chase in Newark, Delaware seeks a Product Control Senior Associate to support hedging analytics and valuation accuracy within the Treasury/Chief Investment Office (TCIO). You will explain hedge drivers, support DV01 dynamics, and ensure hedges meet accounting and reporting requirements.

Collaborating with front, middle office and technology teams, you will streamline end-to-end hedging processes, implement new strategies, and manage ad-hoc analyses.

Qualifications

• Bachelor’s degree in Accounting, Finance, or related field.
• CPA or progress toward CPA preferred.
• 3+ years’ experience in financial institution/markets.
• Knowledge of fixed income and rates products.

Responsibilities

• Interest rate risk hedging analytics: explain drivers and create senior management analyses.
• Ensure accurate valuation, booking, P&L attribution for hedges and hedge accounting eligibility.
• Oversee hedging-related financial reporting, controls and documentation.
• Partner with technology to streamline end-to-end hedging processes.
• Assist in implementing new hedging strategies and ad-hoc analyses.

Skills

Financial analysis

Communication

Project management

Attention to detail

Hedge accounting knowledge

Education

Bachelor’s degree in Accounting or Finance

CPA or progress toward CPA

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 underhedge 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 ofinterest rate swaps/derivative products(trade economics, lifecycle events, discounting basics) and how they are used to hedgeinterest 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