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Associate - CCB Finance India Operations Finance

Req #: 180007195
Location: Bangalore East, KA, IN
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 50000 Indian Rupee (INR)

J.P. Morgan is a leading global financial services firm, established over 200 years ago:

o We are the leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management.

o We have assets of $2.5 trillion and operations worldwide

o We operate in more than 100 markets.

o We have more than 243,000 employees globally.

Our wholesale businesses include J.P. Morgan’s Asset Management, Commercial Banking and the Corporate & Investment Bank which provide products and services to corporations, governments, municipalities, non-profits, institutions, financial intermediaries and high-net worth individuals and families.

Our corporate functions support the entire organization and include the following functions: Accounting, Audit, Finance, Human Resources, Operations, and Technology.




The successful candidate will be a member of a team that is responsible for financial and analytical support for the Fraud, Disputes, & Claims (FDC) Functions within Consumer and Community Banking (CCB).  The team serves as a planning and analytical resource to help executives manage, forecast, plan and gain insight into the financial profitability of the business. Group responsibilities include managing the monthly and quarterly forecast process, coordinating financial reporting, managing the annual budget/mid-year forecast process, conducting financial and strategic analytic projects and providing insight and decision support to Operations Management and CCB Finance. The role will use Excel and PowerPoint in conjunction with JPMorgan's financial tools to create meaningful reports and analysis.


Role & Responsibilities


The associate works closely with business managers and other Finance team members to enhance and identify risks and opportunities along with creating budgets and forecasting for both direct and indirect expenses in the FDC organization.


The associate will also review, analyze and make recommendations regarding incoming and outgoing expenses.  In addition, you will develop management reports and track actual expenses vs. budget or forecasts with appropriate variance explanations.  Core activities associated with the position include the following:

·        Manage total recoverable expense base

·        Develop annual budgets and monthly forecasts

·        Prepare expense tracking for key initiatives

·        Support (design/modify/review) the reporting around EMR’s, Performance dashboards, expenses, and headcount as per business requirements

  • Consolidate, monitor, and present month-end close results
  • Consolidate reporting & analysis of operating expenses by functional departments and business segments 
  • Effectively analyze and report variances of actual results to budget and forecast
  • Preparation of insightful, high quality Senior Management presentations
  • Support ad hoc requests from the Business, Senior Management, and CCB P&A.
  • Contribute to driving expense reduction initiatives across CCB
  • Business case support for strategic initiatives


Specific Activities

  • Monthly flash files – P&L’s that are sent to BP&A cap planners                                                                   
  • Card monthly metrics reporting (C3 volumes)                                                     
  • Wellness report                                                                                          
  • RFP Overtime reporting  - expand to other groups                                                          

·        Provide a month end expense estimate for the Consumer India cost centers by BD-3.  This would help to provide a more accurate EOM estimate, as we currently do the estimates now based on historicals.  Should help to improve accuracy of monthly estimates.

·        Once the month finalizes, provide a retrieve out of SAP that shows expense detail.  This would be helpful during our monthly EMR’s as we would have the specific line item details to understand what drives expenses favorability/unfavorability in the India/PHP cost centers.

·        Detailed tech consumables reporting (Dedicated support & end user products).  Potentially expand across CCB Operations.


  • GXM retrieves by functional nodes for T&E, OT reporting, wellness deep dives, and HC trending
  • SAP monthly ledger details by functional node to assist with monthly variance analysis
  • Current weekly detailed HC reporting being provided to BMO & BP&A (FDC specific).


Experience, Skills and Abilities:



  • Graduate/Post Graduate
  • Minimum of 8+ years relevant financial/accounting management experience
  • Experience in Retail Financial Service/ banking industry preferred
  • Strong team player
  • Excellent communication 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
  • Adaptable to change and ambiguity in the work environment
  • Strong knowledge of Excel and PowerPoint (i.e. use of pivot tables, macros, arrays, etc)
  • Knowledge of Essbase would be an added advantage
  • Ability to interrogate and interpret financial data and prepare financial reports


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