Job Description

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Global Finance & Business Management ("GF&BM") India is a combined LOB-aligned (Line of Business-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.

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.

Merchant Services Product Controllers team based in Bengaluru works closely with all regional product controllers to ensure that the P&L, balance sheet, and month end close procedures are done correctly, partner referrals are calculated & paid appropriately & also works with the business to drive forth and implement robust controls and new business initiatives

Corporate and Investment Bank (CIB) - Merchant Services Product Control - Vice President - Bengaluru

J.P. Morgan's Corporate & Investment Bank is a global leader across Payments, Securities Services, Investment & coverage Banking & markets and businesses. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries.

Department Description

J.P. Morgan Payments is one of the world's largest, most trusted and innovative full-service providers of domestic and international cash management, liquidity, commercial card, merchant processing, FX and escrow solutions. With more than 135,000 corporations, financial institutions, public sector agencies and non-government clients in over 180 countries across the globe, we offer specialized solutions that provide operating efficiencies and value beyond other standardized solutions available in the market. Our global product and technology platform, integrated client service model and network of operational centers enable us to deliver a consistent set of services to clients no matter where they are across the world.

Merchant Services Product Controller Team which reports into the Office of the CFO and aligned to J.P. Morgan Payments, is seeking a talented, ambitious and highly motivated individual to join the MS Product Controllers team based in Bengaluru and work closely with all regional product controllers to ensure that the P&L, balance sheet and month end close procedures are done correctly and accurately, ensure Merchant referrals are calculated & paid appropriately in partnership with relationship managers & also work with the business to drive forth and implement robust controls and new business initiatives

Roles and Responsibilities

• Perform monthly close activities including but not limited to review of financial data, investigating significant variances and transactions, fluctuation analysis, preparation of financial reporting deliverable, preparation of estimate accruals, perform reconciliations, oversee general ledger substantiation etc.
• Driving change with month-end process in order to improve transparency and efficiency in month-end results.
• Ensure financial information is in compliancepartner referrals are calculated & paid appropriately with US & local GAAP and firm's corporate accounting policies, documenting exceptions where appropriate.
• Act as a resource to project management & the businesses for various projects / business initiatives.
• Ensure Merchant referrals are calculated & paid appropriately in partnership with Relationship managers.
• Identify and drive targeted reviews for specific products/process based on both quantitative and qualitative factors and risks.
• Communicate with regional team and financial control to monitor any risks / escalate when appropriate
• Understand and contribute to the E2E control framework of the business & the function.

Experience and Qualifications

• Qualified accountant preferably with 9 years & above experience within the Financial Services industry or Product Controller experience an advantage
• Excellent communication skills and executive presence including the ability to present complex and sensitive matters to Senior management, Product Managers & Business Managers across levels.
• Analytical mind-set, structure approach, attention to detail and accuracy.
• Strong interpersonal, communication and team-building skills
• Ability to manage several projects and tasks concurrently
• Ability to evaluate the design and effectiveness of internal controls
• Ability to work in a matrix organization with limited local /regional oversight ensuring timely escalation & resolution of issues
• Proven skills in identifying and resolving control issues that may impact financial results
• Good leadership & motivational skills to lead a team of passionate members.
• Team player and ability to work closely with global team members and other groups in the organization.
• Good knowledge of Payments business products & SAP ledger system is a plus.

About Us:

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.

About the Team:

The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.

Global Finance & Business Management works to strategically manage capital, drive growth and efficiencies, maintain financial reporting and proactively manage risk. By providing information, analysis and recommendations to improve results and drive decisions, teams ensure the company can navigate all types of market conditions while protecting our fortress balance sheet.