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CIB F&BM North America TS Core Cash Management Product Controller – Vice President

Req #: 180036276
Location: Brooklyn, NY, US
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 5000 US Dollar (USD)

Business Description

Treasury Services is part of the product suite in the Corporate and Investment Bank (CIB) line-of-business.  Treasury Services (TS) is one of the world's largest providers of cash management services and a top-rank, full-service provider of innovative payment, collection, liquidity management, escrow, FX and information solutions. Clients include corporations, financial services institutions, middle market companies, small businesses, governments and municipalities worldwide.

 

Treasury Services helps clients make and receive payments; invest or manage cash to maximize returns; and monitor and manage financial risks. The business offers clients solutions to optimize cash flows from transactions and to maximize the value of their working capital. We also help them make treasury operations, payments and collection processes more efficient, and manage their financial information and operational and settlement risks. The business operates in more than 40 countries and is the world's largest U.S. dollar clearer, processing an average of $3.2 trillion in fund transfers each day. More than 135,000 corporations, financial institutions, governments and municipalities in over 180 countries and territories entrust their cash business to J.P. Morgan.

 

Role Description:  The North America TS Core Cash Management (CCM) Product Controller – Vice President will have responsibility for the following:

  • Financial Leadership and Business Partnership
    • Finance functional lead for CCM products in North America, liaising on a regular basis with key business partners in Product, Sales, Risk, Legal, Compliance, Business Controls Office, and Tech / Ops / Client Service to resolve key business issues and offer subject matter expertise as needed
    • Controller representation at regional risk control forums
    • Subject matter expert for accounting treatment of the CCM product portfolio and ensuring compliance with appropriate corporate and regulatory requirements.
    • Represent Product Control interests in various change programs and Technology initiatives
  • Financial BAU Close, Reporting & Forecasting
    • Lead the month end G/L close for CCM products to ensure accuracy of the Financials, management-based reporting, and client profitability analyses
    • Validate balance sheet items for appropriate classification for regulatory, corporate and legal entity reporting
    • Prepare financial reporting, perform rate/volume and key business drivers analysis schedules in support of submissions to business management, Product managers, CIB / Corporate Treasury, and P&A
    • Understanding all aspects of the CCM product forecast vs. actual P&L; quickly escalating and resolving discrepancies and provide commentary for significant revenue or expense events
    • Understand balance sheet and P&L usage to validate activity for appropriate classification for corporate and legal entity reporting
    • Understand US-based accounting principles to ensure proper accounting treatment and compliance with external and regulatory reporting requirements
    • Manage a team of 2 to 3 professionals
  • Controls
    • Understand and contribute to control frameworks including risk and controls self-assessment (RCSA), SOX, and New Business Initiative Approvals (NBIA) to ensure accurate financial reporting with sensitivity for product, LOB and legal entity level accuracy
    • Validate existing and develop, as needed, new MIS performance analytics and reporting to increase transparency around expense management, client and business performance, etc.
    • Ensuring a sound control environment and driving continuous improvement, i.e. reviewing current controls and adding and improving on an ongoing basis


  • Bachelor degree in Accounting, or a Finance degree combined with extensive experience in Controller roles
  • MBA / CPA a plus
  • Qualified accountant with 10+ years’ experience with accounting / controller background in the financial services industry.
  • Strong control focus
  • Experience with Cash Management products desirable
  • Knowledge of CDGL, Paragon, Essbase, FDW, SAP and Business Objects applications is a huge plus
  • Dynamic team player able to adapt to changing environment and multiple demands
  • Good interpersonal, communication and influencing skills
  • Enthusiastic, highly motivated and effective under tight timeframes and pressure
  • Strong organizational and time management skills: able to work on multiple projects with competing deadlines
  • Excellent technical skills in Microsoft Office Suite, including extensive experience of financial presentation
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