Job Description:

Wealth Management (WM) LEC Associate Req # 190097096

Location Bangalore East, KA, IN

Job Category Accounting/Finance/Audit/Risk

JP Morgan Introduction JP Morgan is a leading global financial services firm, established over 200 years ago

o We are the leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management

o We have assets of $25 trillion and operations worldwide

o We operate in more than 100 markets

o We have more than 243,000 employees globally

Our wholesale businesses include JP Morgans Asset Management, Commercial Banking and the Corporate & Investment Bank which provide products and services to corporations, governments, municipalities, non-profits, institutions, financial intermediaries and high-net worth individuals and families

Our corporate functions support the entire organization and include the following functions Accounting, Audit, Finance, Human Resources, Operations, and Technology

JP Morgan in India provides a comprehensive range of Corporate & Investment Banking, Commercial Banking, Asset & Wealth Management, and Corporate functions services and solutions to our clients, executing some of the most important financial transactions and providing essential strategic advice to our clients such as the government, large domestic and multi-national corporations, non-government organizations and financial institutions and investors India is a key market for JPMorgan Chase globally and our employees in India are a critical part of how we do business globally and are integrated within our businesses Our Global Service Centers (GSCs) are strategically positioned in Mumbai, Bangalore and Hyderabad to support the firms operations regionally and globally The centers provide comprehensive strategic support across technology and business operations processing to all lines of business and the corporate functions

JPMorgan Chase & Co is a leading global financial services firm with assets of more than $2 trillion, over 265,000 employees and operations in over 60 countries It operates across four business segments including Asset & Wealth Management, Commercial Banking, Consumer and Community Banking, Corporate and Investment Banking

The Wealth Management business offers individuals and families personalized, comprehensive financial solutions that integrate sophisticated investment management, capital markets, trust and banking capabilities JPMorgan Private Bank was recognized in 2017 by Euro money as the worlds best global private bank, with more than 1,800 client advisors in 120 offices in 11 countries

Legal entities in London, Brussels, Frankfurt, Milan, Madrid, Geneva, Singapore and Hong-Kong are being used to provide private banking services to ultra-high net worth (UHNW) and high net worth (HNW) individuals in the EMEA/ASIA region

Group Description The Global Wealth Management Controllers group performs the following functions

Month end Close calculate, and oversee accruals and reserves Prepare and review of revenue & expense variance & trend analysis Oversight of Inter-company transactions which includes review and resolution of all Inter Company breaks
Regulatory Reporting Ensure regulatory reporting is accurate and filed before due date Coordination of PWC audits & local regulators Daily collateral monitoring Provide DRQ & supplementary data to Corporate & Regulatory Groups
Treasury Operations Managing & optimization of the legal entitys capital investments, monitor daily cash movements and transfers, oversight liquidity and regulatory exposure, provide appropriate funding of the legal entities DDA accounts by minimizing the cost, monitor and assess the impact on the banks cost of funding & margins
Controls Interpretation & implementation of Corporate Accounting Policies, Quarterly review & substantiation of the Other Assets & Liabilities Work with other WM teams to ensure proper controls around financial activity and assist with resolution on any identified Control issues

Skills required

Bachelors Degree in Accounting

5-7 years experience in accounting department (internal or external)

CA or CPA candidate preferred

Firm working knowledge of US GAAP and a general understanding of IFRS

Strong analytical / problem-solving skills ability to analyze complicated problems/scenarios, come up with root cause analysis as well as remediation steps

Able to multitask in constantly changing environment and attention to detail

Intrinsically motivated / hard worker
Must be highly disciplined, a self-starter, and have the ability to execute on assignments independently
Experience working in an environment that requires attention to detail and adherence to strict rules / standards

Ability to properly communicate to all levels of management and staff

Strong organizational skills

Ability to learn JPMC Corporate / Private Banking financial systems

Experience in banking / financial institution a plus

Ability to work independently and take ownership of processes and functions

Excellent computer skills and capabilities knowledge of Microsoft office required

Profile Summary:

Employment Type : Full Time
Eligibility : Any Graduate
Industry : Financial Services/Stockbroking
Functional Area : Accounting/Tax/Company Secretary/Audit
Role : Chartered Accountant/CPA
Salary : As per Industry Standards
Deadline : 10th May 2020

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