JP Morgan Chase & Co. – Market P&A – Analyst

CIB – Markets P&A – Analyst

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 .

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.

The current opening is within the Markets P&A in Prism Towers, Mumbai which forms part of the LOB within GF&BM India.

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.

– Financial Analysis is responsible for partnering across the firm to provide financial and strategic analysis, oversight, and coordination of budgeting and forecasting.

– Our Financial Planning and Analysis (FP&A) teams are responsible for a wide range of activities including financial control, forecasting and budgeting, analysis of financial/business metrics, delivery of weekly/monthly/quarterly management reporting, development of new reporting capabilities (e.g. dashboards), and advising the line of business CFOs on how to increase profitability and efficiencies.

– You will analyze, prepare, and reconcile accounting and technical data as well as prepare reports, while always thinking of and devising ways to streamline and minimize cycle times through automated applications and process improvement. You will also help develop recommendations effecting business procedures and operations and maintain financial and reporting systems. In addition, you will assist the department and other team members with special projects or components of other projects as needed.

– Market P&A teams functional responsibility includes wide range of activities of financial reporting, provide monthly variance commentary and analytics for senior management, monthly forecasting, oversight and coordination of budgeting exercise, analysis of financial metrics, develop new reporting capabilities (Dashboard) and work closely with Business Manager and Product Controllers to finalize the plan and budget for outer periods for whole of P&L expense for LOBs across CIB (Markets).

– In addition, the team is responsible towards a Strategic Initiative supporting the newly developing tools and is heavily involved in designing and defining financial/accounting requirement, testing/validations, reconciliations/ investigations and regularly communicating to stakeholders

– This niche function provides a great opportunity to develop skill-sets of FP&A team due to current reporting responsibilities as well as that of product control teams due to future state of strategic initiatives (cost optimization, vendor negotiations, broker corporate deals strategies etc.)

– Stakeholders of the group include CIB finance senior management, business heads & product controllers.

– The team works extensively with the LOB Finance Controllers, FP&A , Product Controllers and Business Managers to ensure complete and accurate reporting of P&L for both actuals and forecasts.

– This teams supports and analysis helps the line of business CFOs and BMs help strategize how to optimize the expense, increase profitability and efficiencies.

About the Role :

Primary Responsibilities :

In a Financial Analysis role, you would be responsible for :

– Managing annual/continual financial planning activities for product areas, providing business rationale and decisions for all month-end financial performance and forecasting, conducting reviews and analysis on product financial performance, consumption/demand planning, budgeting, billing, trends, and exception reports

– Efficiency reporting, analytics and strategy – including, but not limited to – location strategy, span of control, reporting and analytics

– Creating financial business cases supporting business initiatives

– Reporting on and monitoring key metrics, driving data quality initiatives across the product area, and helping define future needs of the product area

– Developing and tracking performance metrics, creating presentations, and generally providing financial analysis on a variety of topics to senior management

– Performing variance analysis to understand the key drivers of the results and presenting commentary to senior managers, explaining changes from prior forecasts/budgets

– Helping design new reports and dashboards to efficiently deliver the financial results to senior management

– Enhancing controls and streamlining processes, introducing automation where possible

Desired Candidate Profile :

Qualifications :

– Chartered Accountant, Bachelor’s degree in Accounting, Finance or a subject of a technical nature

– 1 to 3 years of work experience, preferably in Financial Services, and/or accounting/controller background

– Advanced skills in Excel and PowerPoint

– Proficiency with data mining/gathering and manipulation of data sets

– Inquisitive, enthusiastic and diligent, and capable of challenging peers

– 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, often with 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 for the Business, Finance, and FP&A Teams

– 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

Shift Timing: 1.30pm t0 10.30 (2.30pm to 11.30pm during Day light savings)

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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