CIB F&BM - Spreads External Reporting - Associate at JPMorgan Chase Bank, N.A. in BROOKLYN, New York

Job Description:

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.7 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.

GCT&S works in partnership with origination, capital markets and the syndicate desk to combine superior debt origination and structuring expertise with exceptional distribution and trading capabilities to a large investor base. Key products include Single name CDS, Index CDS and Index Options, Corporate Bonds (including CDO/CLO's), Commercial Paper, BA's, CD's, Asset Swaps & Loans.

GCT now includes products traded include exotic credit derivatives (e.g. Full Capital Structure CDO's; Bespoke CDO's and bespoke CDO^2) as well as vanilla hedging instruments (CDS, futures, swaps, forwards). Clients are predominately governments, banks, other financial institutions (e.g. pension funds, asset managers) and large corporates.

SPG engages in the following business activities:

• Acquires or originates, warehouses, and subsequently securitizes consumer and other financial assets
• Makes markets in existing securitized financial assets
• Provides financing of consumer and other financial assets for clients
• Underwrites securitizations for third parties
• Structures and trades in derivative products linked to securitized products

PF engages in the following business activities:

• Provides sector and regional banking coverage in New York and 13 regional offices
• Syndicate desk partners with banking and trading to bring new issues to market
• Trading desks work closely with sales to support customer activity, covering over 500 major institutional accounts
• Credit Origination manages a diversified credit portfolio for public sector clients

Role

Role is at an associate level which requires an enquiring mind, perseverance and the ability to handle a large amount of data. The position presents an excellent opportunity to gain exposure to a trading environment within a financial role, providing the opportunity to develop/enhance both market/product and accounting knowledge and skills in a dynamic and fast-paced environment. The candidate needs to be able to articulate well and to be able to deal confidently with people at all levels in the organization.

The role reports to the External Reporting Head for the businesses and is responsible for a variety of analytical, reporting and control deliverables.

Opportunity

External reporting, Balance sheet/RWA role is an extension of the product controller role responsible for Control, oversight and integrity of the financial statements and end-to-end control around external reporting. The External Reporting Controller is responsible for the timely and accurate regulatory submissions of the Line of Business. He/she is also responsible for monitoring balance sheet, capital, RWA and advises on deal specific accounting and or RWA usage. Significant interaction is required with a number of different functional areas including Front Office, Middle Office, Other Controllers, and Valuation Control Group, Market Risk, Tax, Regulatory Reporting, Compliance and the Legal Entity Control teams. The candidate will be reporting to the External Reporting head for all three businesses. The role's responsibilities and functions include the following:

Job Description

• Oversee and be accountable for the quality of the Regulatory Reporting disclosures of the Business
• Responsible for ensuring controls related to external disclosures (for example FVM and FVO reporting) which includes performing consistency checks, roll forwards, and completing data quality checklists and analytical review
• Interact with product controllers teams, coordinate effort and consolidate information required for Regulatory disclosures
• Provide guidance on accounting for products, liaising with Accounting Policy group where appropriate and ensuring compliance with Corporate Regulatory requirements
• Responsible for balance sheet reporting and capital management
• Monitoring of the LOBs Balance Sheet from a net funding and Basel 3 liquidity ratios perspective
• Provide analytic support for optimizing balance sheet and capital usage across businesses
• Responsible for RWA/balance sheet forecasts;
• Responsible for implementing new capital framework for the business
• Working with the business to ensure that they fully understand developments in Regulatory framework and priorities, i.e. changes to the Capital framework, the impact of Risk Weighted Assets, revenue recognition on structured deals etc.
• Proactively support business on initiatives to reduce RWA under Basel rules and calculate potential RWA Capital impact of new trades
• Responsible for reviewing Financial Statements of certain Legal Entities

Essential skills

• Qualified Accountant
• Good understanding of accounting, financial statements, product and risk
• Ability to summarize complex information and deliver it at business executive level
• Team player with excellent communication and organization skills
• Analytical and numerate with good IT skills; proficiency with MS Excel is essential
• Strong Control mind-set
• Good relationship building skills and comfortable with business contact
• Positive can-do attitude looking to add value across the breadth of the business
• Self-starter with ability to use initiative and work independently
• Strong Excel skills

JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.

Equal Opportunity Employer/Disability/Veterans

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