Job Location: Bengaluru
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 Strategic Solutions – Planning and Analysis Allocation team in Bangalore which forms part of the Consumer & Community Bank (CCB) LOB within GF&BM India.
CCB
Our Consumer & Community Banking (CCB) division serves our Chase customers through a range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. We’re proud to lead the U.S. in credit card sales and deposit growth and have the most-used digital solutions – all while ranking first in customer satisfaction.
About the Team
CCB Allocations team is the central team which supports CCB to allocate all of their indirect expense to the Product LOBs. Responsibilities for the team include Monthly Allocation, Business Plan Allocations covering all budget pass, reporting and query resolution. Team additional supports but not limited to cost center Management (cost center creation, hierarchy changes), Regulatory reporting for CCB and FX Hedging.
About the Role
Ideal candidate will help support the Allocations and CCB P&A group in all aspects of business. The team member will use Excel and PowerPoint in conjunction with JPMorgan’s financial tools to create meaningful reports and analysis. Excellent ability to understand business financials, juggle shifting priorities and connect the dots and superb communication skills are the key to success in this role. This is an individual contributor role and the candidate will be expected to leverage his experience and expertise to work closely with the wider team to add value to the team and business.
Roles & Responsibilities
- Creation of Local Cost Centre, Cash Settlement Centers, Raise SDM
- Manage Actual rules; updating and correcting when business needs arise.
- Monitor incoming allocations and assist business with any issues or Ad Hoc requests.
- Monthly reporting – EMR, Inter/Intra LOB
- Review monthly forecast and recovery position
- Variance analyses (Monthly, Quarterly and Yearly)
- Act as liaison between various Business Units, understand and follow all corporate policies for In-directs.
- Ensure all Legal Entity issues are resolved including Global and Non-Global.
- Prepare & load Indirect Actuals, Budgets and Mid-Year Forecast. Ensure Rules and Volumes are loaded and data is validated after each run.
- MYF & Budget Reporting for Business.
- Update FX Hedging models during MYF and Budgeting for Treasury and explain large variances to prior passes
- Participate/Lead in any required costing studies.
- Assist and/or manage projects as requested/needed (Some Projects that may be part of duties: Legal Entity or Business closures, offshore BMs, cost studies, efficiency projects, and other allocation projects as needed).
- Support ad hoc requests from the Business and Senior Management.
- Maintain calendar of deliverables
Skills / Competencies/ Education Qualifications:
- MBA/Post Graduate/Graduate
- 3-5 years of post-qualification experience in banking industry – preferred with P&A experience
- Excellent communication skills (both verbal and written) and partnering skills
- Strong analytical skills and attention to detail
- Ability to multi-task and work autonomously within team environment
- Ability to research issues/problems and provide a ‘solution-based’ approach
- Strong knowledge of Excel and PowerPoint (i.e. use of pivot tables, macros, arrays, etc.,)
- Exposure to Alteryx, tableau would be good
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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