About The Team
The Financial Accounting, Infrastructure and Reporting team (FAIR) is accountable for the integrity of the books and records of the Firm / LOBs and leading large-scale data, infrastructure, accounting standard and business process change management events. The function enables governance of systemic and manual controls, specifically as it impacts the General Ledger, processing systems, supporting infrastructure and reporting, while also defining and implementing a global General Ledger target platform strategy.
FAIR consists of two sub-organizations – one of which is Firmwide Financial Control (FFC); and the second is Firmwide Business Architecture (FBA).
The FFC Organization closely examines the general ledger, operating systems and infrastructure controls across the entire lifecycle and diverse product scope of the investment bank to ensure the firm’s financial information is accurately depicted for reporting and regulation purposes. This financial information is used by analysts to assess the firm’s financial position; by management to make sound financial decisions; by investors to make informed decisions; and by regulators to supervise and examine the firm appropriately. The most common functions and activities owned by FAIR include but are not limited to the following: financial analysis, consolidation, reporting, balance sheet reconciliation and substantiation, general ledger reconciliation reporting & governance, inter-entity control and governance, manual accounting/bookings to the general ledger and operating systems, and executing the month end close process.
About The Role
As an Analyst in Firmwide Financial Control Organization
Primary Responsibilities
Work closely with line of business controllers, middle office, and operations
Work with the businesses to ensure understanding of monthly profit and loss
Manage the monthly consolidation of JPMorgan Chase income statement and balance sheet
Develop and maintain financial reports and schedules
Control post-closing entries and consolidation adjustments
Perform various control procedures to ensure the integrity of reported financial results
Participate in all aspects of the production of the monthly financial variance analysis Report
Support ad-hoc requests for financial information received from across the firm
Desired Candidate Profile
Proficient desktop/spreadsheet/database skills
Proficient organizational and problem-solving skills
Proficient verbal and written communication skills
Basic understanding of the firm’s products
Comfort liaising with business and risk partners while building and maintaining relationships
Ability to critically challenge with the goal of identifying control issues
Ability to understand business drivers and requirements and influence others to deliver solutions
Ability to quickly understand workings of a complex processing system and general ledger systems across the infrastructure and their interrelationships and dependencies
1-4 years of relevant work experience in same industry or Controllership or Accounting domain
Respond promptly to both planned and emerging business requests and needs
Ability to build trusting relationships and establish credibility with peers, managers and stakeholders
Engage with relevant stakeholders to escalate issues before it becomes a risk
Demonstrates a willingness to learn from experience and apply that learning on the job
Remain professional, helpful, and responsive to client/customers’ needs while adhering to JPMC standards
Qualifications
Bachelor’s degree in Accounting, Finance, or related business field
Basic knowledge of industry standards and regulations for US GAAP &/or IFRS Standards
Chartered Accountant or equivalent degree from any other university
Shift Timing
Largely EMEA shifts – 2 pm to 11 pm. This stretches by few hours at each month end & Quarter ends
We do have Asia regional support as well, which requires to start by 9.30 – 10 am.
Depending on role requirements & clients supported, timing may vary but largely falls in line with what’s mentioned above.
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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