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JPMorgan Chase Bank, NA Hiring for Associate – Legal Entity Controllership at Bangalore Full Time
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JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.4 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com .
Global Finance & Business Management (“GF&BM”) India is a combined Line of Business-aligned (LOB-aligned) finance & business support team located in India and is part of JPMorgan’s global capability center (GCC). We are part of the Office of the CFO (OCFO) organization within JPMorgan, which has 13000+ people across the globe, majority of whom are tasked with managing the firm’s Finance function, responsible for reporting quarterly earnings and complying with regulatory requirements along with managing the firm’s capital.
GF&BM India was established in September 2002 and currently we have a network of more than 3400+ professionals based out of our Mumbai, Bengaluru and Hyderabad offices who support four main “pillars” of work – Controllers, Planning & Analysis, Finance Operations and Business Client & Products. The teams in India are aligned to the respective LOBs that they support which include Corporate and Investment Banking (CIB), Commercial Banking (CB), Consumer and Community Banking (CCB), Asset & Wealth Management (AWM) and Corporate/Firmwide functions. The scale, depth & diversity of GF&BM India provides its employees extensive opportunities to learn and move within the organization, thereby gaining rich experience to build a long term career with the firm.
We have a strong culture that embodies the principles that guide us in how we do business across the firm. We strive to create a workplace that values and respects individual viewpoints, while at the same time challenging the status quo to make continuous improvements in our processes.
JPMorgan is an equal opportunity employer and places high value on diversity and inclusion. We recognize that our people are our strength and diversity of thought and practices makes us more successful.
The current opening is within the EMEA LEC India team in Bangalore which forms part of the CIB LOB within GF&BM India.
About the Team
Corporate Investment Banking (CIB) Finance & Business Management India is one of the first group to be set up in India in Global Finance and has since grown its presence across Mumbai & Bengaluru into a 800+ people organization. The group is accountable for diverse functional teams and has a significant footprint of the global Finance organization supporting Corporate Investment Banking business and regulators across all regions.
Over the years, the teams have continued to provide value add to the global finance organization through business insights, technical accounting skills, data analytics, technological enhancements and standardization across lines of business. The key focus areas in the immediate future are driving teams to adapt the skills of the future, digital transformation and enhance product & regulatory reporting framework.
The LEC organization is responsible for ensuring the overall integrity and validity of financial statements, financial regulatory reporting and management financial reporting associated with their entities. The group performs critical reporting and control functions for the organization. The team is also responsible for improving ongoing processes and ensuring execution and implementation of overall financial architecture. The LEC control function is responsible to review the reasonableness of the information on an aggregated basis and ensure controls over the transaction cycle along with managing stakeholders’ expectations.
About the Role
Primary Responsibilities:
- Accounting & reporting for Legal entities in EMEA region (excl. UK) on monthly basis as per US GAAP.
- End to end ownership for month end close activities like Fx Trade out, Capital Hedge, EPU, etc.
- Liaising with auditors and support Legal Entity Controllers in control audit.
- Quarterly Regulatory reporting as per local GAAP for EMEA entities like Liquidity reporting, VAT return, etc.
- Support senior management team in decision process by analyzing financial performance.
- Maintain and develop relationship with onshore partners and business.
- Implement internal controls policies and procedures to mitigate financial and business risks.
- Daily monitoring and control of activities involving reconciliations.
- Maintenance of centralized Financial Reference data for EMEA region.
- Participate in User Acceptance Testing (UAT) for various undergoing projects and system implementation.
- Engage team members and build effective working relationship within the team
Desired Candidate Profile:
Personal skills:
- Strong interpersonal and team working skills
- A self-starter, motivated and able to work with minimal supervision
- Demonstrate strong analytical and problem solving skills
- Flexibility to work under pressure to meet changing work requirements and strict deadlines
- Ability to communicate effectively both verbally and written – at all levels
- Attention to detail
Experience:
- Chartered Accountant or Finance qualification with 7 to 11 years’ experience (will vary depend on level) preferably with financial services industry.
- Strong accounting knowledge with experience in Book closure and finalizing accounts
- Ability to multi-task under considerable time pressure, whilst maintaining a high degree of accuracy and quality.
- Good Communication and organizational skills including partnering skills and pro-activeness.
- People Management skills
- Strong PC skills including MS Excel, MS Word, MS Access and Outlook
Shift Timing: 12 Noon to 9pm. (Timings may vary depending on the work)
JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.