Job Description :
Corporate and Investment Bank (CIB) – Banking Product Control- Associate – Mumbai
J.P.Morgan’s Corporate & Investment Bank is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. The Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
Department Description
J.P. Morgan Banking business, consisting of Investment Banking, Treasury Services and Corporate Banking, is one of the largest wholesale banking client franchises the world. We serve clients, including corporations, governments, states, municipalities, healthcare organizations, education institutions, banks and investors. Our clients operate in more than 100 countries and with the strength of our franchise, we offer a complete range of strategic banking services to help clients achieve their goals.
In Banking, our approach to serving clients has always centered on doing first-class business in a first-class way. We strive to build trusted, long-term relationships by taking a holistic and forward-looking view on our relationships, and identifying ways to help clients achieve their most important business objectives.
Roles and Responsibilities
The Global Banking Product Controller team is seeking to hire highly motivated candidates to join the Banking Product Controller team based in Mumbai and work closely with all regional Banking product controllers to support the below tasks:
Corporate and Investment Bank (CIB) – Banking Product Control- Associate – Mumbai
J.P.Morgan’s Corporate & Investment Bank is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. The Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
Department Description
J.P. Morgan Banking business, consisting of Investment Banking, Treasury Services and Corporate Banking, is one of the largest wholesale banking client franchises the world. We serve clients, including corporations, governments, states, municipalities, healthcare organizations, education institutions, banks and investors. Our clients operate in more than 100 countries and with the strength of our franchise, we offer a complete range of strategic banking services to help clients achieve their goals.
In Banking, our approach to serving clients has always centered on doing first-class business in a first-class way. We strive to build trusted, long-term relationships by taking a holistic and forward-looking view on our relationships, and identifying ways to help clients achieve their most important business objectives.
Roles and Responsibilities
The Global Banking Product Controller team is seeking to hire highly motivated candidates to join the Banking Product Controller team based in Mumbai and work closely with all regional Banking product controllers to support the below tasks:
- Perform monthly close activities including but not limited to review of financial data, investigating significant variances and transactions, fluctuation analysis, preparation of financial reporting deliverables, preparation of estimate accruals, entry processing, perform reconciliations, general ledger substantiation etc.
- Driving change within month-end processes in order to improve transparency in month-end results.
- Ensure financial information is in compliance with US & local GAAP and the Bank’s Corporate Accounting Policies, documenting exceptions where appropriate.
- Act as a resource to project management & the businesses for various projects / business initiatives.
- Identify and drive targeted reviews for specific products/processes based on both qualitative and quantitative factors and risks.
- Understand and contribute to the control framework of the business.
Experience and Qualifications
- Qualified or Part qualified accountant (ACA/CIMA/ACCA) with minimum 5 years of experience
- Enthusiastic, highly motivated and effective under tight timeframes and pressure
- Proven skills in identifying and resolving control issues that may impact financial results
- Experience reviewing/creating complex operational and general ledger process flows
- Excellent communication skills and executive presence including the ability to present complex and sensitive matters
- Strong interpersonal, communication and team-building skills
- Ability to manage several projects and tasks concurrently
- Ability to evaluate the design and effectiveness of internal financial controls
- Advanced MS Excel skills andMS PowerPoint skills are essential
- Team player and ability to work closely with global team members and other groups in the organization.
- Good knowledge of Oracle / SAP ledger system is preferred
- Good knowledge of Banking products is a plus
GIB PC Team own end to end P&L reporting for various sub GIB products by owning the accurate accrual of Fee booking, Explaining major drivers with commentary ,executing Income attributions/Tax transfer pricing/ Month end close to ensure completeness & accuracy of financials in ledger.
Ensuring financial information is in compliance with US & local GAAP and the Bank’s Corporate Accounting Policies, documenting exceptions where appropriate
Team supports Business Managers in maintaining controlled framework to help decision making & deep dive on issues impacting business. This document is covering all the information of all reports primarily shared to Business managers basis agreed timelines.
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