Cib Uk Legal Entity Controller

Year    Mumbai, Maharashtra, India

Job Description


About the Employer 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 UK Legal Entity Control in Mumbai which forms part of the Corporate & Investment Banking 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 CIB UK Legal Entity Control team is responsible for accounting, reporting and oversight of J.P. Morgan's UK legal entities. With ownership of strategically key legal entities, the team's responsibilities include, but are not limited to preparation of financial statements (both USGAAP and local GAAP, Federal & SEC regulatory filings, monthly close of entity books & records, analytics, currency risk management, entity specific accounting policies, legal entity planning, forecasting, strategy initiatives and overall legal entity maintenance. About the Role Primary Responsibilities: As an Associate in the UK Legal Entity Control team, you will have the following roles & responsibilities:

  • Monitor the integrity of books and records (both local and USGAAP) of the legal entity, in adherence with Legal Entity Control Standards and other applicable global policies
  • Review FX open positions. Manage and mitigate foreign currency related exposures through FX trade-out
  • Analyze legal entity Balance sheet and P&L movements and explain drivers with appropriate business commentary
  • Present summary of LE financial performance to Senior stakeholders, Lead Controllers and LEC
  • Production and review of financial information, Board reporting and other MIS functions
  • US Regulatory, statistical, and economic survey submission. Drive action & implementation of new guidance in partnership with central teams
  • Develop operating models and policy framework through focus on specific control enhancement areas
  • Participate and drive key legal entity strategy and simplification programs through discussion and execution
  • Validation and attestation of LEC owned general ledger balance sheet accounts
  • Liaise with firmwide Regulatory, Product Controller, Tax and other teams on various improvement projects to drive control actions
  • Contribute to overall team efficiencies by working on automation and digitisation agenda
  • Handle auditors (both Statutory and internal), QA teams and regulators through effective query response and resolution
  • Review and present Statutory accounts for UK legal entities and drive actions to resolve queries
  • Evaluate New Business initiative approvals and provide updates to LEC regarding impact to LE accounts and processes
  • Manage team learning & development and resiliency through continuous training and knowledge transfers.
Desired Candidate Profile:
  • Chartered Accountant with 4-7 years' experience preferably with financial services industry and experience of US GAAP and IFRS
  • Strong team player with good people management and inter-personal skills required to work effectively with varied individuals across departments and teams
  • Strong control mindset and analytical skills
  • Excellent communication, presentation and organizational skills including decision-making abilities
  • Self-starter with ability to take initiative and constantly challenge the process
  • Ability to multi-task complex requirements under considerable time pressure, whilst maintaining a high degree of accuracy and quality
  • Enthusiastic, with a positive attitude
  • Strong PC skills including MS Excel, MS Word, MS Access and Lotus Notes.
  • Investment Banking product knowledge including derivatives, equities and debt securities would be an advantage
  • Knowledge of GL platforms like SAP would be an advantage
Shift Timing: Normal business hours are from 12.30 p.m to 9.30 p.m IST (may vary depending on daylight saving timings) 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.

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Job Detail

  • Job Id
    JD2863041
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Mumbai, Maharashtra, India
  • Education
    Not mentioned
  • Experience
    Year