Product Controller - Associate

Location: Mumbai, Maharashtra, India

Job Family: Controller

About the Role

At JP Morgan Chase, we are a leading global financial services firm with operations spanning investment banking, consumer and community banking, commercial banking, and asset and wealth management. As a Product Controller - Associate in our Mumbai office, you will play a vital role in the Corporate & Investment Bank (CIB) division, focusing on the control and reporting of financial products. This position involves assisting with daily profit and loss (P&L) calculations, risk reporting, and the month-end close process, ensuring the integrity of financial data that supports our trading activities in equities, fixed income, and derivatives markets. You will work closely with trading desks, risk management teams, and finance stakeholders to provide accurate insights that drive business decisions in a dynamic, high-stakes environment. Your key contributions will include validating daily P&L reports, performing variance analysis to identify discrepancies, and supporting the reconciliation of trading positions against independent sources. In the month-end close, you will help certify financial results, challenge valuations where necessary, and ensure compliance with regulatory standards such as IFRS and internal JP Morgan policies. This role demands a proactive approach to identifying control enhancements and participating in projects that streamline reporting processes, all while maintaining the highest standards of accuracy and confidentiality in line with our firm's commitment to robust risk management. Joining JP Morgan Chase in Mumbai offers exposure to global markets and cutting-edge financial technologies, with opportunities for career growth in a supportive, inclusive culture. We value diverse perspectives and provide resources for professional development, making this an ideal role for ambitious finance professionals seeking to advance in product control within one of the world's most respected institutions.

Key Responsibilities

• Assist in the preparation and validation of daily P&L reports for assigned product lines
• Support risk reporting activities, including variance analysis and attribution
• Contribute to the month-end close process, ensuring accuracy and timeliness of financial data
• Collaborate with front-office trading teams to reconcile positions and exposures
• Perform independent price verification and challenge trading desk valuations
• Identify and escalate control issues or discrepancies in financial reporting
• Assist in the development and maintenance of control frameworks for product control
• Support ad-hoc projects related to regulatory reporting and process improvements
• Ensure compliance with internal policies and external regulations such as IFRS or GAAP
• Mentor junior team members and contribute to team knowledge sharing

Required Qualifications

• Bachelor's degree in Finance, Accounting, Economics, or a related field
• Minimum of 2-3 years of experience in financial controlling, product control, or a similar role within the financial services industry
• Strong understanding of financial products such as derivatives, fixed income, or equities
• Proficiency in financial reporting and P&L analysis
• Knowledge of regulatory requirements in banking and financial markets
• Experience with month-end close processes in a corporate finance environment
• Ability to work in a fast-paced, high-volume environment

Preferred Qualifications

• Advanced degree (MBA or Master's in Finance) or professional certification (CPA, CFA, or ACA)
• Prior experience at a major financial institution like JP Morgan Chase
• Familiarity with JPMorgan's internal systems and tools for risk and P&L reporting
• Experience in international financial markets, particularly in Asia-Pacific regions
• Background in audit or internal controls within investment banking

Required Skills

• Financial modeling and Excel proficiency (advanced level)
• Knowledge of SQL or data querying for financial datasets
• Understanding of derivatives pricing and risk metrics (VaR, Greeks)
• Analytical thinking and problem-solving abilities
• Attention to detail and accuracy in data handling
• Strong communication skills for cross-functional collaboration
• Time management in deadline-driven environments
• Familiarity with accounting software like Oracle or SAP
• Risk management and control framework expertise
• Adaptability to changing market conditions
• Teamwork and interpersonal skills
• Regulatory knowledge (e.g., Basel III, Dodd-Frank)
• Proficiency in Python or VBA for automation
• Quantitative analysis skills
• Ethical judgment in financial reporting

Benefits

• Competitive base salary and performance-based bonuses
• Comprehensive health, dental, and vision insurance coverage
• Retirement savings plan with company matching 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 Mumbai office
• Global mobility opportunities within JP Morgan Chase

JP Morgan Chase is an equal opportunity employer.