Legal Entity Controller- Associate

JOB DESCRIPTION

About JPMorganChase & Co.

JPMorgan Chase & Co. is a leading U.S.-based financial services firm with a global presence, serving millions of customers through its J.P. Morgan and Chase brands. Its Global Finance & Business Management (GF&BM) India center supports the Office of the CFO from Mumbai, Bengaluru, and Hyderabad, providing Controllers, Planning & Analysis, Finance Operations, and Business Client & Products services. Teams are aligned with major business lines, offering diverse career growth in an inclusive culture rooted in Service, Heart, Curiosity, Courage, and Excellence. The Commercial & Investment Banking (CIB) Controllers organization ensures financial integrity, regulatory compliance, and continuous process improvement.

As an Entity Controller (LEC) within CIB, you are responsible for overseeing activities in legal entities, ensuring the integrity and accuracy of financial results and statements. The current opening is within GF&BM CIB Controllers in Mumbai, which is part of the CIB Line of Business (LOB) within GF&BM India.

Job 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

Review FX open positions. Manage and mitigate foreign currency related exposures through FX trade-out. Analyze legal entity Balance sheet and P&L movements and explain drivers with appropriate business commentary. Present summary of LE financial performance to Senior stakeholders, Lead Controllers and LEC

Production and review of financial information, Board reporting and other MIS functions. US Regulatory, statistical, and economic survey submission. Drive action & implementation of new guidance in partnership with central teams

Develop operating models and policy framework through focus on specific control enhancement areas. Participate and drive key legal entity strategy and simplification programs through discussion and execution

Validation and attestation of LEC owned general ledger balance sheet accounts. Liaise with firmwide Regulatory, Product Controller, Tax and other teams on various improvement projects to drive control actions. Contribute to overall team efficiencies by working on automation and digitisation agenda

Handle auditors (both Statutory and internal), QA teams and regulators through effective query response and resolution. Review and present Statutory accounts for UK legal entities and drive actions to resolve queries

Evaluate New Business initiative approvals and provide updates to LEC regarding impact to LE accounts and processes. Manage team learning & development and resiliency through continuous training and knowledge transfers.

Prepare and submit weekly financial statements and liquidity reports for selected balance sheet items. Conduct quarterly P&L and balance sheet reporting, including onshore/offshore ratio-based analysis. Analyze legal entity and line of business results, including variance analysis, booking validation, and transfer pricing compliance.

Partner with Financial Control, Tax, and other stakeholders on revenue allocation and transfer pricing updates, and work alongside regional controllers to resolve legal entity and line of business inconsistencies.

Drive process transformation by leveraging advanced technology solutions and partnering with strategic technology development teams to achieve sustainable process improvements.

Required qualifications, skills and capabilities

Strong team player with good people management and inter-personal skills required to work effectively with varied individuals across departments and teams

Strong control mindset and analytical skills

Ability to multi-task complex requirements under considerable time pressure, whilst maintaining a high degree of accuracy and quality

Solid understanding of industry practices and accounting principles.

Strong analytical abilities and interpersonal skills.

Effective written and verbal communication and presentation skills.

Familiarity with process transformation methodologies or automation solutions.

Proactive, detail-oriented, and collaborative approach.

Knowledge of IFRS, US GAAP, and financial products. Knowledge of SAP, Axiom, WDesk. Knowledge of Excel, Alteryx, Qlik Sense, Python.

Preferred qualifications, skills and capabilities

Knowledge of IFRS, US GAAP, and financial products. Knowledge of SAP, Axiom, WDesk.

Knowledge of Excel, Alteryx, Qlik Sense, Python.

Investment Banking product knowledge including derivatives, equities and debt securities would be an advantage

Chartered Accountant with 4-7 years' experience preferably with financial services industry and experience of US GAAP and IFRS

ABOUT US

JPMorganChase, 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.

ABOUT THE TEAM

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.