Legal Entity Controller- Associate

About the Employer

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.4 trillion and operations worldwide. 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 GPB Legal entity controller team in Bangalore (India) which forms part of Asset and Wealth Management LOB within GF&BM India. 

About the Team

AWM Finance

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.

Global Private Bank Legal Entity Controller

About the Role

The Legal Entity Control team is responsible for financial oversight of their legal entity and is tasked with ensuring that a strong control environment exists as it relates to all businesses, products and operational areas that impact the Legal Entity financials and regulatory reporting of the firm.

This role provides an opportunity to interact with multiple lines of business and internal stakeholders while learning legal entity controllership end-to-end.  The Associate will liaise with the line of business finance teams, operations, and the Legal Entity Controller community to drive the Legal Entity agenda. Specific responsibilities will include:

Job Description:

• Legal Entity accounting & Line of Business controller including month-end close process, parent/child accounting, equity pick up, review of inter-entity breaks, and unnatural general ledger balance monitoring. Participate in Firmwide legal entity reporting projects including infrastructure and process improvement efforts and other Controller initiatives as needed. 
• Month-End analytical review of the legal entity to ensure completeness and accuracy of the financial statements and preparation of various reports, as well as Legal Entity and line of business financial commentary and regulatory reporting requirements
• Assist in the Booking Model review and on-going Legal Entity Control Standard compliance monitoring
• Intercompany Activity Control including variance commentary
• Monitoring of the G/L including consolidation and netting
• Participate in Firmwide legal entity reporting projects including infrastructure and process improvement efforts and other Controller initiatives as needed
• Define testing & quality assurance requirements and run testing with a particular focus on automated testing solutions and work seamlessly with the project manager to drive the project objectives

Required skillset:

• An interest in accounting and control processes
• Developing understanding of financial statement structures and US GAAP / IFRS or any local GAAP
• Comfort with daily, monthly, or quarterly reporting cycles and strict deadlines
• Experience using or willingness to learn SAP, MS Office suite 
• CA or Bachelor's degree in Finance, Accounting, Economics (or related discipline) or equivalent experience
• 4+ years’ working experience
• Shift Timing: EMEA

As a member of AWM F&BM you are an integral part of our efforts to strategically manage capital, drive growth and efficiencies, maintain financial reporting and proactively manage risk. By providing information, analysis and recommendations to improve results and drive decisions, our teams ensure the company can navigate all types of market conditions while protecting our fortress balance sheet.

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. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.