CIB - FBM Controller - Associate

Job Description

About the Employer JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.4 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. 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 . Global Finance & Business Management ( GF&BM ) India is a combined Line of Business-aligned (LOB-aligned) finance & business support team located in India and is part of JPMorgan s global capability center (GCC). We are part of the Office of the CFO (OCFO) organization within JPMorgan, which has 13000+ people across the globe, majority of whom are tasked with managing the firm s Finance function, responsible for reporting quarterly earnings and complying with regulatory requirements along with managing the firm s capital. GF&BM India was established in September 2002 and currently we have a network of more than 3400+ professionals based out of our Mumbai, Bengaluru and Hyderabad offices who support four main pillars of work - Controllers, Planning & Analysis, Finance Operations and Business Client & Products. The teams in India are aligned to the respective LOBs that they support which include Corporate and Investment Banking (CIB), Commercial Banking (CB), Consumer and Community Banking (CCB), Asset & Wealth Management (AWM) and Corporate/Firmwide functions. The scale, depth & diversity of GF&BM India provides its employees extensive opportunities to learn and move within the organization, thereby gaining rich experience to build a long term career with the firm.We have a strong culture that embodies the principles that guide us in how we do business across the firm. We strive to create a workplace that values and respects individual viewpoints, while at the same time challenging the status quo to make continuous improvements in our processes.JPMorgan is an equal opportunity employer and places high value on diversity and inclusion. We recognize that our people are our strength and diversity of thought and practices makes us more successful. The current opening is within the Income Attribution team > in Mumbai which forms part of the CIB LOB within GF&BM India. 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 Markets business is a franchise that spans the Macro (Rates, CEM and Commodities), Spread (Credit and SPG), Equities and Risk market lines.Income Attribution Controller is an independent control function within Finance responsible for the accuracy and integrity of books and records for the business by Legal Entity ensuring the Income Attribution (i.e. Transfer Pricing) is being applied and executed accurately. The team is end to end owner of the Markets Transfer Pricing arrangements, agreements, calculations and postings as well as deliverables to the tax authorities and facing off audit Primary Responsibilities: The associate will be responsible for Income Attribution for a particular Line of Business -
• Develop knowledge of the Markets Income Attributions concepts and processes and standards.
• Develop knowledge of the Global Master Revenue Agreement and Legal Agreements documentation for Income Attribution.
• Tax teams are running various projects that need partnership with IA Controllers, the Associate is expected to lead such projects for IA Controllers team.
• This will include but not limited to
  1. Liaise with members from Tax teams to understand their requirements for work on Indirect Tax projects as well as Transfer pricing projects for Markets Lines of Business.
  2. Communicate and escalate as required to mgmt. team the prioritization and updates on periodic basis.
  3. Collaborate with Tax teams and within IA team as required to execute on the project deliverables.
• Calculation of income attribution for the lines of business at month end and follow through to ensure financial statement integrity
• Review alignment of expense and revenue by legal entity, and work with the onshore product control teams to set up new service level agreements where required
• Escalate reference data or other issues in XIB impacting income attribution as appropriate
• Ensure ARIBA is updated and maintained as the corporate repository of service level agreements
• Produce metrics on income attribution in accordance with the governance framework
• Prepare submissions to Tax such as APA reports and contribute to ad hoc deliverables from Tax
• Participate in technology initiatives to drive process efficiencies
• Partner with the onshore Product Control teams on a regular basis and Financial Control, Planning and Analysis and Tax, where necessary
Desired Candidate Profile: The candidate
• Strong understanding of accounting principles
• Understanding of trading products
• Ability to multi-task and deliver high quality outcomes in a pressured environment
• Ability to adapt and operate in a global environment and partner with onshore locations
• Good communication and relationship management
• Ability to work in a team
• Strong excel skills
Shift Timing: 1.30 pm IST to 10.30 pm IST ,

Keyskills :
reference dataglobal financeservice levelcommunity bankingwealth managementfinancial controlfinance functiondata analytics