JPMorgan Chase Bank, NA Hiring for CIB – LEC – VP Job at Mumbai Full Time

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 LATAM & N.A. LEC Team in Mumbai which forms part of the Corporate and Investment Banking LOB within GF&BM India.

About the Team

CIB

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.

Controllers is one of the key organizations within the Global Finance & Business Management Group. The key responsibilities of Legal Entity Controllers include:

• Ensure the integrity of the books and records of the legal entities in accordance with the Legal Entity Control Standards and aligned with local GAAP/ IFRS
• Manage the financial reporting, governance, and control of legal entities, including entities dedicated to CIB businesses and those utilized for booking non-CIB activity and applicable Local Regulatory requirements
• Ensure that business booking in the legal entities complies with the applicable regulatory requirements

We work in close partnership with Financial Control, Product Control and rest of the finance organization to deliver best-in-class financials. This is global group covers all regions, US, LATAM, EMEA, UK and Asia. We support Legal entity controllers across locations and through location strategy we leverage economies of scale and deliver consistent high-quality results.

Job Description

• Overall Responsible for oversight including accounting & reporting of legal entity financial statements for US GAAP and local GAAP
• Controls being the critical aspect of delivery; the expectation is to cater to multiple stakeholders across multiple line of businesses, legal entities and regions.
• The individual is expected to be well versed with the key deliverables, provide day to day direction to the team locally and directly responsible for the deliverables to the stakeholders.
• Review & Ownership towards FX Risk Management through trade-out and Capital Hedging in accordance with FASB (FAS 52) requirements
• General Ledger control monitoring including attributions, Inter-entity & Investment Equity breaks, IFRS reporting, Budgeting & forecasting including GLA
• Review & Preparation Regulatory Reporting in compliance with various US Fed Requirements
• Review & Preparation of Management Information Summary decks to support Senior Management team in decision process by analyzing financial performance.
• Periodic Financial Statement Reporting & analysis i.e. BS, PL, Off BS, Volume/Exposure reporting as per various local regulation requirements.
• Adherence towards the Controls Metrics, Legal Entity Control Standards and other policies.
• Maintain and develop relationship with onshore partners and business.
• Implement internal controls policies and procedures to mitigate financial and business risks.
• Migrating to Strategic data sourcing platforms
• Evolve the relationship with onshore teams & Business
• Review, Drive & Implement strategic priorities, projects & initiatives
• Drive the Strategic conversation for various undergoing projects and system implementation & Finance Transformation projects.
• People and career management, engage team members and keep them motivated & challenged

Qualifications

• Qualified Chartered Accountant or Equivalent Finance Degree preferred but not a pre requisite
• 15+ years of work experience, preferably in Financial Services, and/or accounting/controller background
• Advanced skills in Excel and PowerPoint
• Inquisitive, enthusiastic, and diligent
• Strong verbal and written communication skills with the ability to articulate complex issues clearly
• Ability to create ad hoc reporting for senior management
• Proven track record for executing on special projects / assignments with often little lead time or information
• Highly motivated and able to thrive and think clearly under pressure and tight deadlines
• Team player with the ability to be respected as a trusted partner
• Highly motivated self-starter with excellent time management/prioritization skills
• Strong analytical and problem-solving skills with ability to analyze large data sets and present conclusions concisely
• Strong people management skills
• Self-starter, able to prioritize key tasks & manage deliverables effectively

Shift: LATAM

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.