J

JP Morgan Chase

Runs a consumer bank and an investment bank

Global Finance and Business Management - Product Control-Associate

Full-Time
No salary listed
Mid
Bachelor's
Newark, DE, USA
In Person
Finance & Banking
No H1B Sponsorship

About the job

Requirements
  • A Bachelor’s degree in Finance, Accounting, or a related field is required.
  • At least 3 years of experience in Product Control, Middle Office, Market Risk, Valuation, or Finance is required.
  • Hands-on product knowledge and experience with Rates and Swaps are required.
  • Understanding of the transaction lifecycle and the infrastructure and data flows supporting trading, valuation, and risk is required.
  • The ability to identify breaks, explain drivers, and resolve root causes is required.
  • The ability to work independently, make sound decisions, and escalate appropriately is required.
  • Strong communication skills and credibility with senior stakeholders, including the ability to challenge constructively, are required.
  • The ability to perform detailed analysis, improve controls, and streamline processes is required.
  • Strong relationship-building across teams and regions is required.
  • The ability to handle high volumes of ad hoc requests and deliver under tight deadlines is required.
  • Advanced Excel proficiency is required.
  • Candidates must be authorized to work in the United States.
Responsibilities
  • Own daily profit-and-loss and risk substantiation for Chief Investment Office and Treasury desks and management, delivering accurate outputs and timely commentary.
  • Lead the daily Front Office signoff process for profit and loss and risk, resolve breaks, and drive an on-time close.
  • Provide oversight and quality control for the daily profit-and-loss and risk process performed by junior team members through review, coaching, escalation, and continuous improvement.
  • Review and challenge system-to-system reconciliations and key feeds across Chief Investment Office and Treasury, escalating issues and driving root-cause fixes with Technology and partners.
  • Run and enhance Market Risk-related controls, including monitoring and updating risk limits and supporting clean profit and loss for Value at Risk back-testing.
  • Support and shape new business initiatives by onboarding new products, designing middle-office workflows, and advising on booking strategy and operational procedures.
  • Drive process efficiency and stronger controls by identifying improvements, simplifying workflows, and delivering tactical and strategic solutions.
  • Partner across Front Office, Market Risk, Business Management, Trade Support, Financial Controllers, VCG, and Technology across teams and regions to ensure robust governance over profit and loss and risk.
  • Contribute to strategic re-engineering and global projects across three regions, delivering improvements to end-to-end flows and controls.
  • Support control frameworks including CSA, SOX, and Business Control Committees.
  • Respond to high-priority ad hoc requests with precision and judgment.
Desired Qualifications
  • Exposure to Rates, Swaps, and mortgage-backed securities, as well as risk concepts, valuation drivers, and cross-system flows, is desirable.
  • The opportunity to expand scope through leadership, controls ownership, and strategic project delivery is presented as a preferred development opportunity.
  • Experience modernizing processes, improving control effectiveness, and shaping workflows is desirable.

About the company

JPMorgan Chase runs the largest bank in the United States, which serves households and small businesses as Chase and large companies, governments, and investors as J.P. Morgan. During the 2008 financial crisis it bought the failing investment bank Bear Stearns and lender Washington Mutual, and in 2023 it took over First Republic Bank after regulators seized it. Chase takes deposits and earns interest on credit cards, mortgages, and car loans, while the investment side earns fees for advising on mergers, raising money for companies, trading stocks and bonds, and managing wealth. Formed in a 2000 merger, JPMorgan Chase traces its roots to 1799 and is based in New York City.

Company Size

10,001+

Company Stage

IPO

Headquarters

New York City, New York

Founded

1799

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Simplify's Take

What believers are saying

  • Growth is broad-based: every JPMorgan division posted record revenue in the June 2026 quarter, and trading jumped 35%.
  • Stock grants gained value: shares rose 21% in three months, valuing JPMorgan at $965 billion in August 2026.
  • Tech teams are well funded: JPMorgan's nearly $20 billion yearly tech budget is the largest in banking.

What critics are saying

  • AI is shrinking some teams: Dimon said in July 2026 that AI cut up to 40% of certain roles.
  • Plan on five office days a week: JPMorgan ended hybrid schedules for all staff in early 2025.
  • It is fighting the president in court: Trump sued JPMorgan for $5 billion in January 2026 over his closed accounts.

What makes JP Morgan Chase unique

  • It ranks first in investment banking: JPMorgan earned 9.3% of global deal fees in the first half of 2026.
  • It trains future CEOs: 10 Fortune 500 chiefs were JPMorgan alumni in September 2025, fifth-most of any employer.
  • Its payments arm is a hidden giant: JPMorgan says it processes $12 trillion a day across 160-plus countries.

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Benefits

  • Health Insurance
  • Flexible Work Hours
  • Paid Sick Leave
  • Paid Holidays

Growth & Insights and Company News

Headcount

6 month growth

-9%

1 year growth

-4%

2 year growth

-4%
Bloomberg
Oct 19th, 2026
JPMorgan brings JPM Coin deposit token to Ethereum for institutional clients

JPMorgan Chase & Co. is launching its deposit token, JPM Coin, on Ethereum for institutional clients. The move extends the lender's push into blockchain payments as Wall Street grows more comfortable moving money on public networks.

Kalkine Media
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JPMorgan takes 5.26% stake in Peet, with 24.76M shares

JPMorgan Chase & Co. and its affiliates became a substantial holder in Peet Ltd on October 14, 2026, with a relevant interest in 24,757,726 ordinary shares. That equals 5.26% of voting power. The shares sit with two subsidiaries. J.P. Morgan Securities Australia Limited holds 15,414,744 shares through principal or proprietary trading. J.P. Morgan Securities PLC holds 840,285 shares the same way, plus 8,502,697 through rehypothecation of client securities under a Prime Brokerage Agreement. The filing lists trades by the Australian unit at A$1.65 to A$1.67 per share, starting June 15, 2026. Compliance officer Zahid Rasheed signed the disclosure on October 16, 2026.

Yahoo Finance
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Goldman edges JPMorgan on growth and valuation as both banks pay ~2% dividend yields

Goldman Sachs edges out JPMorgan Chase as the better buy for dividend investors, according to a Barchart comparison of the two banks. Goldman has the stronger recent numbers. Its annual sales rose 8.9% to $58.3 billion, and net income climbed 20.3% to $17.2 billion. JPMorgan's sales rose 0.5% to $280.3 billion, while net income slipped 2.4% to $57 billion. Dividends are close. Goldman pays $20 a share a year, a yield of about 2.2%, and JPMorgan pays $6.60, about 2%. Both payout ratios are near 25%. Goldman trades at about 13x forward earnings, against nearly 14x for JPMorgan. Analysts rate both stocks "Moderate Buy," with high targets implying upside of up to 44% for Goldman and 27% for JPMorgan.

Yahoo Finance
Oct 16th, 2026
JPMorgan bars outside AI agents from customer accounts, citing "rogue agents" risk

JPMorgan Chase is blocking outside AI agents from logging in to or acting on customer accounts, chief executive officer Jamie Dimon said on its third-quarter earnings call. He cited security risks from "rogue agents." "We're not going to allow just any outside agent to come in inside the company because that's just too risky for clients and for JPMorgan," Dimon said. The bank blocks third-party agents that try to obtain customers' banking credentials, but still supports customer-authorized data sharing through open banking providers. Other firms take a looser approach. Germany's Scalable Capital opened its platform to ChatGPT, Claude, and Grok in August, though users must approve every trade. Dimon said JPMorgan is building its own tools to protect customers.

Asset Servicing Times
Oct 16th, 2026
Aztec Group welcomes Jing Wang.

Aztec Group welcomes Jing Wang. 16 October 2026 UK Reporter: Madison Hendrickson Aztec Group has appointed Jing Wang as head of AI. Wang will build and lead the firm's new AI technology and enablement team, which it says is focused on where machine learning and AI can create value for clients and colleagues while maintaining governance, control, and security. In her role, Wang will lead development and delivery of Aztec's AI strategy across the group, working with technology, products, and operations colleagues to embed AI into core operations. Wang joins Aztec from JPMorgan Chase where she served as head of AI products for Chase UK and was responsible for developing the bank's generative AI capabilities and accompanying safety guardrails to bring it into production. Prior to JPMorgan Chase, Wang held a senior AI and machine learning leadership role at Amazon Web Services where she developed enterprise AI solutions for regulated industries including financial services. Wang comments: "In private markets, value is built on accuracy, judgement, and trusted partnerships. AI is most effective when it helps take the weight of routine work away from specialists, allowing them to focus on the insight and advice that make the greatest difference. "I'm excited to be joining at this stage in Aztec's growth and look forward to helping shape that capability and its value for clients." Jason Adams, chief technology officer at Aztec Group, adds: "AI has enormous potential, but success depends on applying it in ways that are aligned to client needs. "Jing has deep technical expertise, product leadership, and experience building AI solutions at global scale within highly regulated environments." Next people moves article NO FEE, NO RISK 100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times