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Differential Discounting Product Control – Associate

JPMorgan Chase

Differential Discounting Product Control – Associate

JPMorgan Chase

LONDON, United Kingdom, GB

·

On-site

·

Full-time

·

2mo ago

Required skills

Excel

Are you ready to make an impact in a fast-paced trading environment? At JPMorgan Chase, you’ll play a key role in managing complex derivative financing risks and supporting business decisions. Our Differential Discounting Product Control team is at the forefront of risk management, financial reporting, and regulatory compliance. You’ll collaborate with senior leaders and drive meaningful change across the organization. This is your opportunity to grow your expertise and advance your career in a dynamic, global financial institution.

As a Differential Discounting Product Control Associate in the IB Finance and Business Management team, you help us manage CSA-specific discounting risks and ensure accurate financial and regulatory reporting. You work closely with trading desks, business management, and support functions to deliver key business insights. You drive the control agenda, support technology and regulatory initiatives, and foster strong relationships across the organization. Together, we create a robust control environment and support strategic business decisions.

Job Responsibilities

  • Reconcile and report profit and loss figures from dealer estimates to General Ledger postings

  • Analyze and report key business risk measures for the Differential Discounting business

  • Own and validate inputs to Value-at-Risk (VaR) calculations

  • Ensure end-to-end integrity of deal data on bank systems

  • Investigate and resolve discrepancies between front and back-office systems

  • Advise the business on accounting, regulatory, and booking issues

  • Participate in new product approval and sign off business unit financial statements

  • Support business unit strategy and management with financial analysis

  • Develop and maintain relationships with senior Front Office, Business Management, and support functions

  • Liaise with business and risk managers to further the control agenda

  • Adapt to changing priorities in a fast-paced, trading and month-end environment

Required Qualifications, Capabilities, and Skills

  • Strong numerical and analytical skills

  • Understanding of interest rate products, including FRA, IR and XCCY Swaps, tenor/currency basis, and discounting calculations

  • Proficiency in spreadsheets (MS Excel), including formulae and macro construction or willingness to learn

  • Ability to interact effectively in a trading room environment and develop partnerships across teams

  • Proficiency in accounting and knowledge of US and UK GAAP

  • Solid understanding of internal controls and risk assessment concepts

  • Self-starter with a strong interest in learning

  • Ability to work well under pressure, with attention to detail and tenacity

  • Excellent written and verbal communication skills

  • Strong multi-tasking and organizational skills

  • Relevant experience in finance, product control, or risk management

Preferred Qualifications, Capabilities, and Skills

  • Experience with regulatory, credit, market risk, tax, and accounting issues related to derivatives

  • Familiarity with technology systems supporting trading and risk management

  • Experience supporting technology, business, or regulatory initiatives

  • Ability to balance cooperative and responsive approaches with rigorous control standards

  • Experience in a fast-paced trading or month-end environment

  • Demonstrated subject matter expertise in product control

  • Advanced Excel skills, including VBA/macros

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About JPMorgan Chase

JPMorgan Chase

JPMorgan Chase & Co. is an American multinational banking institution headquartered in New York City and incorporated in Delaware. It is the largest bank in the United States, and the world's largest bank by market capitalization as of 2025.

300,000+

Employees

New York City

Headquarters

$500B

Valuation

Reviews

3.8

10 reviews

Work-life balance

3.5

Compensation

4.0

Culture

3.8

Career

3.2

Management

2.8

68%

Recommend to a friend

Pros

Good benefits and compensation

Supportive colleagues and environment

Flexible work arrangements

Cons

Long hours and heavy workload

Management issues and lack of direction

High stress and expectations

Salary Ranges

44 data points

Junior/L3

Mid/L4

Senior/L5

Junior/L3 · Analytics Solutions Associate

1 reports

$139,000

total per year

Base

$107,000

Stock

-

Bonus

-

$139,000

$139,000

Interview experience

4 interviews

Difficulty

3.0

/ 5

Duration

14-28 weeks

Offer rate

50%

Experience

Positive 25%

Neutral 75%

Negative 0%

Interview process

1

Application Review

2

HR Screen

3

Hiring Manager Interview

4

In-person/Final Interview

5

Offer

Common questions

Behavioral/STAR

Past Experience

Culture Fit

Financial Knowledge

Case Study