Spread Product Controller
Spread Markets includes Global Credit Trading, Global Securitized Products, Public Finance, and Fixed Income Financing
Global Credit Trading
Trading levels are set in rapidly developing or complex credit situations by providing assets and liquidity for clients such as Banks, Insurance Companies, Finance Companies, Mutual Funds, CDO’s and Hedge Funds.
Credit Trading works in partnership with Origination, Capital Markets and the Syndicate desk, combining debt origination and structuring expertise with distribution and trading capabilities.
The Origination and Capital Markets teams work directly with issuers that seek financing solutions.
Global Securitized Products
Securitization is a structured finance process, which involves pooling and repackaging of cash-flow producing financial assets into securities that are then sold to investors.
All assets can be securitized so long as they are associated with cash flow.
Has a presence only in US and is an independent mini-Investment Bank with dedicated bankers, traders and salesmen.It helps local Govts and not-for-profit institutions like hospitals, educational institutions & utilities with their financing needs.
Underwrites bond issuances both tax-free and taxable, lends directly to clients through the Municipal Credit desk and helps clients hedge their risks by selling derivatives.
It operates in partnership with other businesses to provide end to end services to clients.
Fixed Income Financing
The team provides secured financing solutions to J.P. Morgan clients across government, credit, and structured credit securities and manages funding and liquidity of the CIB Fixed Income trading inventory.
The Product Controller is primarily responsible for the P&L, Risk management and control of both the standard and non-standard elements of the businesses.
ABS / Conduits
Supply Chain Financing
Letters of Credits
Secured and Unsecured Financing
Roles & Responsibilities
The key responsibilities of the P&L and Risk team are :
Production, preparation and reporting of the daily P&L and risk management information
Understand, produce and explain daily P&L into constituent risk components; investigating any issues as needed
Review with FO to obtain sign-off and for any ad hoc requests and queries. First point of contact for FO.
Additional liaison with other middle office areas, back office, FVP and technology development groups and point of contact for all downstream issues (e.
g. Collateral, Credit, Settlements)
Liaison with accounting control group to help investigate any issues around daily monitoring and review of the general ledger to reported P&L and month-end reporting and substantiation
Manage projects and initiatives related to all of the above as well as larger cross-business programmes
Be an active part of the team, coming up with ideas and suggestions for improvements etc.
The two most important characteristics required are the potential to succeed and an active interest in finance.