Job Location: Bengaluru
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 CIB GF&BM EMEA Regulatory Reporting team in Bengaluru which forms part of the CIB LOB within GF&BM India.
About the Team
Corporate Investment Banking (CIB) Finance & Business Management India is one of the first group to be set up in India in Global Finance and has since grown its presence across Mumbai & Bengaluru into a 800+ people organization. The group is accountable for diverse functional teams and has a significant footprint of the global Finance organization supporting Corporate Investment Banking business and regulators across all regions.
Over the years, the teams have continued to provide value add to the global finance organization through business insights, technical accounting skills, data analytics, technological enhancements, and standardization across lines of business. The key focus areas in the immediate future are driving teams to adapt the skills of the future, digital transformation and enhance product & regulatory reporting framework.
CIB Controllers Team is a 230+ people team spread across both Mumbai & Bengaluru supporting key Controllership function such as Month End / Quarter End / Annual Books closure activities as per USGAAP, Foreign Exchange Trade Out and Capital Hedge as per requirements laid out by FAS 52, Standalone US Reg submission, Local Regulatory Reporting for APAC, UK and EMEA region, etc.
About the role
The position is within the EMEA local Regulatory reporting team based in Bangalore. The group is a service-orientated business comprised of specialised individuals with knowledge and expertise in understanding, managing and delivering financial information to regulators. The group is also dedicated to adding value and improving efficiency, quality and controls.
The core responsibilities of the team are
- Ensure preparation of the firm’s reporting requirement to the German Central Bank & EBA
- Ensure timely and structured recons are performed while displaying strong understanding of the control framework around recons and break resolution/investigation
- Assist in the identification and completion of manual workarounds, where necessary, to ensure completeness and accuracy of outputs in the operating and processing model
- Review monthly and quarterly variances, investigate tends and work effectively with the Germany team to obtain and document business commentary for management
- Partner with the local Regulatory Project team on new releases and assist the AG team with review of trade flows for new business initiatives
- Preparation and review of regulatory reports/submissions for JP Morgan entities as per US GAAP / IFRS requirements on monthly & Quarterly basis
- IFRS adjustment analysis and mapping to FinRep templates & Statistical reporting
- Support various lines of business & Legal entity controllers with performance reporting and other query resolution especially on regulatory reporting
The successful candidate will assist in the successful implementation of the FinRep project and will have the following responsibilities:
- CA/equivalent qualification with 1-4 years’ experience in financial reporting, balance sheet analysis and\or asset and liability management
- Preparation and review of regulatory reports/submissions for JP Morgan entities as per US GAAP / IFRS requirements on monthly & Quarterly basis.
- IFRS adjustment analysis and mapping to FinRep templates & Statistical reporting.
- Mapping of financial information to relevant FinRep templates & Statistical reporting;
- Support various lines of business & Legal entity controllers with performance reporting and other query resolution especially on regulatory reporting
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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