Global Private Bank – Product Control: Analyst

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets worth of $3.7 trillion under management. 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 www.jpmorganchase.com.

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 Global Private Bank (GPB) team in Mumbai which forms part of the Asset & Wealth Management (AWM) LOB within GF&BM India.

About the Team

J.P. Morgan Asset & Wealth Management delivers industry-leading investment management solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals

The Global Private Bank Banking Finance team provides financial analytical and reporting services including budgeting/forecasting, weekly/monthly business drivers, expense management, Regulatory reporting and strategic planning services. The team works closely with the GPB Product CFO teams and supports the GPB CFO in addition to the Asset Wealth Management (AWM) CFO/P&A team and AWM Strategy for ad hoc requests.

Role Responsibilities:

As the Product Control professional in our Asset & Wealth Management, you will spend each day defining, refining and delivering set goals for our firm

You will spend each day driving solutions for the Wealth Management business. Your position will be an individual contributor in Global Private Bank(GPB) in the Product Control team in India, supporting the global structure.

Your team is primarily responsible for Product control activities related to Revenue/Income Attribution for Brokerage/Investment/Alternative Products. The team comprises of SMEs who are expected to take end-to-end responsibility for their respective region/product and drive the agenda for the respective CFOs.

The main tasks include:

• Trade reconciliations with Corporate & Investment Banking [CIB] and Asset Management [AM] on different products to calculate the revenues for the month for GPB.
• Liaising with CIB/AM Product controller / financial controller / Middle office / Tech teams for various trade reconciliation and Revenue settlement.
• Liaising with WM Legal Entity Controller and Financial Controller for Accrual Booking/ Cash Settlements and Ageing.
• Posting management reporting entries (MIS), facilitating revenue share postings in the ledger & Ledger vs MIS for Unrec.
• Follow ups on outstanding receivables with Internal & external counterparties.
• Preparing accruals for Management fees related to Hedge Funds & Private Equity Funds. Preparing Private Equity commitment books and fee schedules basis Engagement letter.
• Support internal & external audits. Participate in collaborative initiatives with team members and global managers, looking for ways to continually simplify, improve, and add value to existing business processes.

Qualifications:

• Qualification: CA or an MBA in Finance is required.
• A minimum of 1 year of Finance experience, preferably in Financial Services, and/or accounting/controller background. Private banking product and business understanding /experience would be preferred.
• Advanced Tableau dashboarding, Excel and PowerPoint skills, preferably with experience of Hyperion Essbase, Alteryx, Python, SQL and MS Access.
• Strong quantitative, analytical, and problem solving skills. Ability to navigate multiple data sets and synthesize into cohesive presentation and recommendations.
• Excellent organizational and communication skills (both verbal & written) with ability to articulate complex issues clearly to internal clients and senior management.
• Sound judgment, professional maturity and personal integrity towards handling highly sensitive and confidential information, strong work ethic, proactive and results-oriented individual with ability to manage multiple tasks simultaneously. Candidate must be comfortable with frequently changing priorities.
• Demonstrate team oriented, inquisitive, critical thinking, positive attitude and solutions oriented mindset with intellectual curiosity to be able to think clearly under pressure and tight deadlines.
• Detail oriented individual with the ability to work well under pressure, handling multiple projects and initiatives simultaneously
• Ability to build strong partnerships with colleagues and stakeholders, desire to learn quickly, be flexible and think strategically