CIB - Analyst - UK Legal Entity Control

Job Description

Corporate Investment Banking (CIB) Finance & Business Management India is one of the first group to be set up in India in Global Finance and has since grown its presence across Mumbai & Bengaluru into a 800+ people organization. The group is accountable for diverse functional teams and has a significant footprint of the global Finance organization supporting Corporate Investment Banking business and regulators across all regions. Over the years, the teams have continued to provide value add to the global finance organization through business insights, technical accounting skills, data analytics, technological enhancements and standardization across lines of business. The key focus areas in the immediate future are driving teams to adapt the skills of the future, digital transformation and enhance product & regulatory reporting framework.The CIB UK Legal Entity Control team is responsible for accounting, reporting and oversight of J.P. Morgan s UK legal entities. With ownership of strategically key legal entities, the team s responsibilities include, but are not limited to preparation of financial statements (both USGAAP and local GAAP, Federal & SEC regulatory filings, monthly close of entity books & records, analytics, currency risk management, entity specific accounting policies, legal entity planning, forecasting, strategy initiatives and overall legal entity maintenance. About the Role Primary Responsibilities: As an Analyst in the UK Legal Entity Control Team, you will have the following roles and responsibilities:
• Monitor the integrity of books and records (both local and USGAAP) of the legal entity, in adherence with Legal Entity Control Standards and other applicable global policies
• Perform FX trade-out to manage foreign currency related exposures in accordance with approved procedures
• Analyze legal entity Balance sheet and P&L movements and explain drivers with appropriate business commentary
• Prepare and submit various US regulatory reports, statistical returns and surveys
• Review and explain variance in expenses at product & line of business ( LOB ) level and provide summary results to LEC
• Month-end journal posting for branch remittances, equity pick-up
• Prepare and deliver MIS reports due to senior management
• Perform analytical review and liaise with LOB Controllers to ensure LE financial results are aligned to LE booking model
• General ledger account reconciliation and attestation
• Inter-entity and investment-equity break resolution
• Legal entity planning and forecasting
• Preparation of IFRS accounts for UK Regulated and Unregulated entities and presentation to legal entity Boards
• Manage swift and appropriate responses to audit queries
• Participate in team-wide innovation, efficiency & automation projects
• Ensure up-to-date process documentation and develop key control checks
• Liaise with various internal teams such as tax, financial controllers, internal audit, and resolve queries
Desired Candidate Profile:
• Chartered Accountant with 0-4 years of experience preferably with financial services industry and experience of US GAAP
• Technical knowledge and understanding of IFRS accounting would be desired
• Strong team player and possesses good inter-personal skills required to work effectively with varied individuals across departments and teams
• Excellent communication and organizational skills
• Strong control mindset and analytical skills
• Self-starter with ability to take initiative and constantly challenge the process
• Ability to multi-task complex requirements under considerable time pressure, whilst maintaining a high degree of accuracy and quality
• Strong PC skills including MS Excel, MS Word, MS Access and Lotus Notes.
• Investment Banking product knowledge including derivatives, equities and debt securities would be an advantage
• Knowledge of GL platforms used in J.P. Morgan Chase would be an advantage
Shift Timing: Normal business hours are from 12.30 p.m to 9.30 p.m IST (may vary depending on daylight saving timings),

Keyskills :
global financeinternal auditdata analyticsmonthly closebalance sheetus gaapms access