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Corporate Finance- Bank Controller - Bank Legal Entity - Vice President

Req #: 170077641
Location: Jersey City, NJ, US
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 5000 US Dollar (USD)
Lead Bank Controller team overview
 

The Lead Bank Controller team is responsible for the Lead Bank (JP Morgan Chase Bank, NA - JPMCB) and the Edge Corporations governance, financials and legal entity control functions. It is accountable for JPMCB capital and financial analysis partnering with RCMO and Corporate Financial Analysis teams. It manages the Firmwide Legal Entity (LE) strategy and simplification agenda and reporting. The team is also responsible for managing the LE Reorganizations and Capital actions (RCA policy), Affiliate Support Documents (ASD policy) and Regulation W governance and oversight for the firm. In addition, the team participates in the planning and implementation of key legal entity related initiatives, including selected projects within the Finance Risk Roadmap and Data Governance programs. The Lead Bank Controller team also maintains strong working relationships with regulators, auditors and internal partners.

 

The Legal Entity Control team (Bank LEC) is responsible for the oversight of JPMorgan Chase Bank, N.A. (Lead Bank), J.P. Morgan International Finance Limited (Edge Act corporation) and J.P. Morgan Overseas Capital LLC 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.

 
 
Responsibilities
 

The VP will liaise with line of business finance teams and the Legal Entity Controller community to drive the Bank LEC agenda specifically focused on J.P. Morgan International Finance Limited and J.P. Morgan Overseas Capital LLC. Responsibilities will include:

  • Communicate with senior leadership across the Firm on various matters impacting J.P. Morgan International Finance Limited and its subsidiaries including J.P. Morgan Overseas Capital LLC.
  • Month-End analytical review of the standalone and consolidated legal entity to ensure completeness and accuracy of the financial statements and preparation of various reports including contributions to the Monthly Controller’s Book, as well as Legal Entity and Line of Business financial commentary
  • Standalone Legal Entity reporting including FR2886b and TIC reporting for the Edge Act Corporation.
  • Drive process improvement to enhance reporting and gain efficiencies.
  • Legal entity accounting & control on a monthly basis that includes month-end close process, parent/child accounting, equity pick up, review of inter-entity breaks and unnatural general ledger balance monitoring
  • Investigation, analysis and resolution of issues and respond to ad-hoc queries
  • Assist in the Booking Model review and on-going Legal Entity Control Standard compliance monitoring
  • Intercompany Activity Control including variance commentary
  • Participate in firmwide legal entity reporting projects including infrastructure and process improvement efforts and other Controller initiatives as needed
    • 6-8+ years in a Finance organization with exposure to accounting, financial statements, regulatory reporting, and products
    • Self-motivated and willing to take initiative; ability to thrive in a changing work environment
    • Flexibility to changing priorities as new situations present themselves
    • Strong accounting and analytical acumen, with ability to understand, produce and explain income statement and balance sheet content and variances
    • Outstanding written and verbal communication skills, including an  ability to prepare executive level presentations
    • Ability to partner effectively with others, as well as act as an advisor to business partners within the lines of business or legal entity chains
    • Bachelor's degree required 
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