Hedging Product Control, Senior Associate

JPMorgan Chase & Co.; Town of Newark (WI); On-site; USD 90,000 - 150,000; Full time

Job summary

JPMorgan Chase & Co. in Wisconsin seeks a Product Control Senior Associate to support hedging activities within Treasury/Investment Office.

You will collaborate with front, middle, technology, and policy teams to ensure accurate valuation, booking, and risk reporting for hedge programs. Responsibilities include explaining hedge drivers, maintaining hedge accounting compliance, and driving process improvements with automation.

Qualifications

• Bachelor’s degree in Accounting, Finance, or related field.
• CPA or progress toward CPA preferred.
• Minimum 3 years’ 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.

Responsibilities

• Interest rate risk hedging analytics support: explain drivers of hedge results (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

Skills

Fixed income knowledge

Communication skills

Project management

Attention to detail

Learning agility

Education

Bachelor's degree in Accounting or Finance

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