Apply Now    

CIB F&BM NA Treasury Services Product Controller - Associate

Req #: 170110994
Location: New York, NY, US
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 3000 US Dollar (USD)

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 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. A component of the Dow Jones Industrial Average, 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.


The Corporate & Investment Bank (CIB) Finance and Business Management (F&BM) group provides financial advice to support the CIB’s business strategy and helps to ensure a sound control environment. Within F&BM, the four major areas of responsibility are: Business-aligned BMs (Business Managers), the CIB Controller, Support Staff CFO, and Planning and Analysis.


Business and Role 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. Our clients include corporations, financial services institutions, middle market companies, small businesses, governments and municipalities worldwide.

 

Treasury Services helps our clients make and receive payments; invest or manage cash to maximize returns; and monitor and manage financial risks. We offer them 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, which operates in more than 40 countries, 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.

 

North America Transaction Services product control oversees the financial reporting of the North America TS balance sheet $265bn Deposits, and $1bn of annualized revenues.

 

The role includes significant involvement with several CIB and Corporate groups across the firm including Product Management, Financial Controllers, FIRCs, Sales, other LOB Finance teams (both within CIB and other LOB’s), Credit management, Regulatory Reporting and Risk Management, and thus is a unique opportunity for a highly motivated individual to gain broad exposure to numerous teams and products across the firm.

 

Role Description

The Associate role will have responsibility for the following aspects of North America TS Finance, including:

  • Support of the month end close for Liquidity and deposit products to ensure accuracy of the Financials, management-based reporting, and client profitability analyses
  • Prepare financial reporting, perform NII (net interest income) rate/volume analysis and key-drivers analysis schedules in support of submissions to business management, Product managers, CIB / Corporate Treasury, and P&A
  • Understanding all aspects of the liquidity forecast vs. actual P&L; quickly escalating and resolving discrepancies and provide commentary for significant revenue or expense events to senior management
  • Understand balance sheet and P&L usage, as well as RWA calculations, to validate activity for appropriate classification for corporate and legal entity reporting
  • Validate existing and develop, as needed, new MIS performance analytics and reporting to increase transparency around business performance, client profitability, expense management, etc.
  • Acting as a subject-matter-expert supporting project/product management for various North America TS projects/initiatives
  • Understand US-based and international accounting principles to ensure proper accounting treatment and compliance with external and regulatory reporting requirements
  • Understand and contribute to control frameworks including risk and controls self assessment (RCSA), SOX, and New Business Initiative Approvals, and to ensure accurate financial reporting with sensitivity for product, LOB and legal entity level accuracy
  • Qualified accountant Minimum 5+ years’ experience with accounting / financial services background.
  • Strong control focus
  • Experience with Liquidity and Cash Management products desirable
  • 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
Apply Now    

Join our Talent Community

Not ready to apply? Leave your information with us and we will keep you up to date with new career opportunities.

Things to note

Sign in to our application system to continue your job search or update your profile.

Current employees sign in here. Contractors sign in here.

Any information you provide is confidential and will only be viewed by our recruiters in an effort to fill open positions. In addition, the information you provide is subject to our privacy policy practices.

Please note that J.P. Morgan will not accept unsolicited approaches or speculative CVs, nor will J.P. Morgan be responsible for any related fees, from Third Party Firms who are not preferred suppliers.

The firm invites all interested and qualified candidates to apply for employment opportunities.

Need disability related assistance?

If you are a US or Canadian applicant with a disability who is unable to use our online tools to search and apply for jobs, please click here.

Important links

Click here to view the "EEO is the Law" poster.

Click here to view the "EEO is the Law" supplemental poster.

Click here to view our U.S. Pay Transparency Policy.

JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.