JPMorgan Chase CIB F&BM NA Treasury Services Product Controller - Associate in New York, New York
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 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. A component of the Dow Jones Industrial Average, 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 at http://www.jpmorganchase.com/ .
The Corporate & Investment Bank (CIB) Finance and Business Management (F&BM) group provides financial advice to support the CIB’s business strategy and helps to ensure a sound control environment. Within F&BM, the four major areas of responsibility are: Business-aligned BMs (Business Managers), the CIB Controller, Support Staff CFO, and Planning and Analysis.
Business and Role Description
Treasury Services is part of the product suite in the Corporate and Investment Bank (CIB) line-of-business. Treasury Services (TS) is one of the world's largest providers of cash management services and a top-rank, full-service provider of innovative payment, collection, liquidity management, escrow, FX and information solutions. Our clients include corporations, financial services institutions, middle market companies, small businesses, governments and municipalities worldwide.
Treasury Services helps our clients make and receive payments; invest or manage cash to maximize returns; and monitor and manage financial risks. We offer them solutions to optimize cash flows from transactions and to maximize the value of their working capital. We also help them make treasury operations, payments and collection processes more efficient, and manage their financial information and operational and settlement risks. The business, which operates in more than 40 countries, is the world's largest U.S. dollar clearer, processing an average of $3.2 trillion in fund transfers each day. More than 135,000 corporations, financial institutions, governments and municipalities in over 180 countries and territories entrust their cash business to J.P. Morgan.
North America Transaction Services product control oversees the financial reporting of the North America TS balance sheet $265bn Deposits, and $1bn of annualized revenues.
The role includes significant involvement with several CIB and Corporate groups across the firm including Product Management, Financial Controllers, FIRCs, Sales, other LOB Finance teams (both within CIB and other LOB’s), Credit management, Regulatory Reporting and Risk Management, and thus is a unique opportunity for a highly motivated individual to gain broad exposure to numerous teams and products across the firm.
The Associate role will have responsibility for the following aspects of North America TS Finance, including:
Supportof the month end close for Liquidity and deposit products to ensureaccuracy of the Financials, management-based reporting, and client profitabilityanalyses
Preparefinancial reporting, perform NII (net interest income) rate/volumeanalysis and key-drivers analysis schedules in support of submissions to businessmanagement, Product managers, CIB / Corporate Treasury, and P&A
Understandingall aspects of the liquidity forecast vs. actual P&L; quicklyescalating and resolving discrepancies and provide commentary forsignificant revenue or expense events to senior management
Understandbalance sheet and P&L usage, as well as RWA calculations, to validateactivity for appropriate classification for corporate and legal entityreporting
Validateexisting and develop, as needed, new MIS performance analytics and reportingto increase transparency around business performance, clientprofitability, expense management, etc.
Actingas a subject-matter-expert supporting project/product management forvarious North America TS projects/initiatives
UnderstandUS-based and international accounting principles to ensure proper accountingtreatment and compliance with external and regulatory reporting requirements
Understandand contribute to control frameworks including risk and controls selfassessment (RCSA), SOX, and New Business Initiative Approvals, and toensure accurate financial reporting with sensitivity for product, LOB andlegal entity level accuracy
Qualifiedaccountant Minimum 5+ years’ experience with accounting / financialservices background.
Experiencewith Liquidity and Cash Management products desirable
Dynamicteam player able to adapt to changing environment and multiple demands
Goodinterpersonal, communication and influencing skills
Enthusiastic,highly motivated and effective under tight timeframes and pressure
Strongorganizational and time management skills: able to work on multipleprojects with competing deadlines
Excellenttechnical skills in Microsoft Office Suite, including extensive experienceof financial presentation
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.