EMEA Rates Exotics Product Control - Associate

Location: LONDON, United Kingdom

Job Family: Controller

About the Role

At JP Morgan Chase, we are a leading global financial services firm with a strong presence in the EMEA region, offering innovative solutions in investment banking, asset management, and more. The EMEA Rates Exotics Product Control team plays a critical role in supporting our world-class trading desks by ensuring the integrity of financial reporting and controls for complex derivatives products. As an Associate in this team, you will join a dynamic group of professionals in London, contributing to the accurate valuation, P&L management, and regulatory compliance of rates exotics such as bermudan swaptions, callable swaps, and other interest rate derivatives. This role is ideal for detail-oriented individuals passionate about the intersection of finance, technology, and risk management in a high-stakes trading environment. Your primary focus will be on delivering timely and precise financial insights to empower trading decisions and support month-end close activities. You will collaborate closely with front-office traders to validate daily P&L, investigate variances, and ensure all positions are accurately reflected in our systems. Additionally, you will uphold JP Morgan's commitment to robust internal controls, adhering to EMEA-specific regulations like EMIR and IFRS 13, while leveraging tools like Murex for trade lifecycle management. This position offers exposure to sophisticated quantitative analysis and the opportunity to influence product control strategies that drive profitability across our global rates franchise. We value innovation and continuous improvement at JP Morgan Chase, so you will also participate in projects to automate reporting processes and enhance data analytics capabilities using Python or advanced Excel. This role not only demands technical expertise but also strong interpersonal skills to navigate cross-functional teams in a collaborative culture. Joining our team means becoming part of a supportive network that fosters professional growth, with access to mentorship, training, and career advancement opportunities within one of the world's most admired financial institutions.

Key Responsibilities

• Support the EMEA Rates Exotics trading desk by providing accurate daily P&L reporting and analysis
• Perform month-end close procedures, including reconciliations of trading positions and financial controls
• Ensure compliance with regulatory requirements and internal controls for rates derivatives products
• Collaborate with front-office traders, middle-office risk teams, and finance stakeholders to validate financial data
• Identify and investigate P&L attributions, variances, and anomalies in exotic rates instruments
• Develop and maintain product control methodologies for new rates exotics trades
• Contribute to the enhancement of reporting tools and processes using Excel, VBA, or Python
• Assist in ad-hoc projects related to product launches or regulatory changes in the EMEA region
• Monitor trading activity for accuracy and provide insights to improve desk profitability

Required Qualifications

• Bachelor's degree in Finance, Accounting, Economics, or a related quantitative field
• Minimum of 3-5 years of experience in product control, financial reporting, or a similar role within investment banking
• Strong understanding of derivatives, particularly rates exotics products such as swaptions, caps/floors, and exotic interest rate options
• Proficiency in financial regulations and accounting standards relevant to EMEA markets, including IFRS and MiFID II
• Experience with month-end close processes and P&L reconciliation in a trading environment
• Ability to work in a fast-paced, high-pressure environment with tight deadlines

Preferred Qualifications

• Advanced degree (Master's or MBA) in Finance or Quantitative Finance
• Prior experience at a major investment bank like JP Morgan Chase in rates trading support
• Knowledge of risk management systems and tools used in rates derivatives
• Fluency in additional EMEA languages such as French or German
• Professional certification such as CPA, ACCA, or CFA

Required Skills

• Expertise in rates derivatives and exotic products
• Advanced proficiency in Microsoft Excel and financial modeling
• Knowledge of SQL for data querying and analysis
• Strong analytical and problem-solving abilities
• Attention to detail and accuracy in financial reporting
• Effective communication and stakeholder management
• Time management in high-volume trading environments
• Understanding of risk metrics like Greeks and sensitivities
• Familiarity with trading systems such as Murex or Calypso
• Regulatory compliance awareness in EMEA markets
• Team collaboration and cross-functional partnership
• Adaptability to evolving market conditions
• Quantitative skills for P&L decomposition

Benefits

• Competitive base salary and performance-based bonus structure
• Comprehensive health, dental, and vision insurance coverage
• Generous 401(k) matching and pension contributions
• Paid time off including vacation, sick leave, and parental leave
• Professional development programs and tuition reimbursement
• Employee stock purchase plan and financial wellness resources
• On-site fitness centers and wellness initiatives at JP Morgan offices
• Global mobility opportunities within JP Morgan Chase's network

JP Morgan Chase is an equal opportunity employer.