Job Title: EMEA CIB Finance Auditor
Business division: Audit
Hiring Manager: Neha Bhardwaj
This role is a Vice President (VP) on the EMEA CIB Finance audit team is based in London and provides the opportunity to gain an understanding of JPMC's capital markets business, Finance function, legal entity structure, internal booking practices and external reporting.
J.P. Morgan’s Internal Audit Department
The Internal Audit Department provides the Board of Directors, senior management and regulators with an independent assessment of JPMorgan Chase's (‘JPMC’) control environment. Audit works closely with the Lines of Business (‘LOBs’) and their support functions to achieve its mission through the execution of a comprehensive audit program designed to test the effectiveness of the controls in place to mitigate the risks inherent in each business. The department is respected throughout the firm for the calibre of the staff and their ability to add value beyond the audit opinion. Globally, Internal Audit has in excess of 800 auditors.
Within the Audit Department, the UK based EMEA Corporate and Investment Bank (CIB) Audit team is responsible for assessing the adequacy and effectiveness of the control environment across CIB businesses in EMEA. This is achieved through a program of audit coverage performed and managed by a team of business and technology audit specialists and coordinated on a global basis with colleagues in North America and Asia Pacific.
The CIB Finance Audit Team is responsible for a program of coverage over the CIB Finance group, including integrity/accuracy of the general ledger, adequacy of capital and compliance with relevant requirements, legal entity booking and controls, compliance with applicable accounting standards and tax legislation, and the key regulatory reporting requirements and regulatory submissions and financial reporting.
Role Description and Key Responsibilities
The successful candidate will work within a London based team and will have responsibility for risk assessment, control identification, development of audit testing, and executing the regional audit plan covering areas including legal entity structure, internal booking practices and external reporting.
The individual must be an experienced professional with a finance and accounting background who possesses good project management skills, strong relationship management capabilities and is knowledgeable of the operational and control risks which exist in Investment Banking businesses in general.
The role responsibilities include:
Plan, execute and document audits with limited supervision in a risk focused manner and to a high standard in accordance with department and professional standards.
Evaluate, test and report on the adequacy and effectiveness of the control environment.
Analyze risks and proactively identify the root-cause of issues with a view to providing recommendations for improvement where weaknesses are identified.
Finalize audit findings and use judgment to provide an overall opinion on the control environment.
Communicate audit results and issues in a clear and concise manner, both verbally and in writing.
Implement and execute an effective program of continuous monitoring for assigned areas. This includes monitoring of key metrics to identify control issues and adverse trends in the control environment and keeping abreast of key initiatives and pertinent industry and regulatory developments.
Build and maintain key relationships with LOB stakeholders and colleagues, establishing a culture of engagement while adding value, effective teamwork and innovative thinking.
Disseminate best practice and regulatory requirements. Critically assess the impact of evolving industry and regulatory changes on the business and its control environment.
[Travel to overseas business locations as required.]
- Drive all aspects of audit execution, including audit planning, audit testing, control evaluation, audit report drafting, workpaper documentation and follow up and verification of issue closure. This may include individual performance or leading a team of auditors in planning, testing and reporting on the effectiveness of controls that support CIB Finance. This is conducted in accordance with department and professional standards and will require the presentation of issues to Audit management and client management.
- Work with global line of business auditors in the early identification of emerging control issues and reporting them to line of business and audit management
- Perform monitoring of operational and financial related data to recognize patterns and trends with risk and control implications.
- Build and maintain key relationships with LOB stakeholders, establishing a culture of engagement while adding value.
- Stay up to date with evolving finance and accounting developments and regulatory and market events impacting the CIB's Finance unit.
Business and Industry Knowledge – Demonstrable knowledge, and experience of auditing Corporate and Investment businesses or Finance functions.
Methodology & Analytical Skills – detailed understanding of internal control and risk assessment concepts and strong analytical skills to assess the impact of control weaknesses
Partnership - Strong execution skills, ability to work independently with limited supervision and multi-task. Works well individually and in teams, shares information, and supports colleagues. Ability to create strong stakeholder relationships that promote transparency and open dialogue around control issues
Communication - Strong verbal and written communication skills, with the ability to present complex and sensitive issues to management in a persuasive manner.
Leadership - Ability to assess priorities, adapt to a changing environment, organize and lead resources, monitor progress and timely deliver a high quality end product. Enthusiastic, self motivated, effective under pressure
Accountability – proven ability to take the initiative in developing the scope and execution of audits/ projects. Seeks ways to increase efficiency and effectiveness of work performed and resources utilized. Willing to take personal responsibility/accountability.
About J.P. Morgan
J.P. Morgan has been doing first-class business in a first-class way for more than two hundred years. We have been a leader in helping companies grow and markets develop throughout our history. We collaborate across the globe to deliver the solutions and advice to meet our clients’ needs, anywhere in the world. We operate in 100 countries and hold global leadership positions across our businesses. We have an exceptional team of employees who work hard to do the right thing for our clients and the firm every day. This is why we can offer you an outstanding career.
JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer.
Closing Date: 4 January 2018