• J.P.Morgan
  • $110,525.00 -170,550.00/year*
  • Jersey City , NJ
  • Financial Services - Banking/Investment/Finance
  • Full-Time
  • 10 Bayside Terrace


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Description

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of$2.5 trillion and operations worldwide. The firm is a leader in investmentbanking, financial services for consumers and small business, commercialbanking, financial transaction processing, and asset management. A component ofthe Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions ofconsumers in the United States and many of the world's most prominentcorporate, institutional and government clients under its J.P. Morgan and Chasebrands. Information about JPMorgan Chase & Co. is available at .

The Mortgage Banking CapitalMarkets group engages in the pricing and sale of mortgage loans whilemanaging a sizable portion of the firm's risk and delivering required returnson capital. Key functions include:
  • Provides customers the best pricing and service while managing risk to the firm and delivering solid returns on capital investments
The Product Control function within Capital Markets will beprimarily responsible for profitability reporting and analysis for SecondaryMarketing and Mortgage Servicing Rights (MSRs). The Product Controller will be tasked with managing multiple functionsacross PnL, Risk and Financial and Regulatory reporting so multi-tasking, time management and communication iscritical. Products within scope ofbusiness activity include whole loans, ratelocks, mortgage-backed securities,mortgage servicing rights, TBAs, and various other hedging instruments.


Theresponsibilities of the role will include, but will not be limited to:
  • Managing the production of the daily and month-end p/l reporting processes
  • Daily p/l substantiation and attribution or revenue drivers
  • Enhance existing control framework, including reconciliation points and source data
  • Primary face to the business on all revenue inquiries
  • Close working relationship with Columbus-based Controller team in relation to general ledger postings, month-end close process, and external reporting agenda
  • Partnering with Finance P&A team in relation to forecast submissions and revenue commentaries as requested throughout the month
  • Manage daily VAR submissions and partner with Market Risk coverage and reporting on daily risk reporting
  • Partner with MB Treasury for balance sheet forecasting and capital inputs
  • Liaise with Market Risk and Technology in regards to various infrastructure initiatives, particularly in relation to increased straight-through processing initiatives
  • Work closely with Corporate Accounting Policy on accounting policy interpretation and documentation of significant transactions
  • Partner with the MB Valuation Control Group on further build-out of independent price verification initiatives
  • Work closely with other MB Finance functions, in particular Production and Servicing teams

Qualifications
  • Strong understanding of financial reporting and accounting principles
  • Solid qualitative and quantitative skills, including knowledge of the greeks
  • Minimum of a bachelor's degree with a concentration in either Finance or Accounting
  • Ability to communicate effectively, both verbally and in writing
  • Ability to work in a dynamic environment and to meet challenging deadlines
  • Team player and self-starter
  • Ability to streamline existing process and create new reporting processes
  • Control mindset

Associated topics: annuities, bond, capital, dow jones, invest, nasdaq, risk, security, stock, trader

* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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