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Corrections Analyst

Req #: 180034608
Location: Bangalore East, KA, IN
Job Category: Accounting/Finance/Audit/Risk
Job Description:

 

"J.P. Morgan is a leading global financial services firm, established over 200 years ago:
o We are the leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management.
o We have assets of $2.5 trillion and operations worldwide
o We operate in more than 100 markets.
o We have more than 243,000 employees globally.
Our wholesale businesses include J.P. Morgan’s Asset Management, Commercial Banking and the Corporate & Investment Bank which provide products and services to corporations, governments, municipalities, non-profits, institutions, financial intermediaries and high-net worth individuals and families.
Our corporate functions support the entire organization and include the following functions: Accounting, Audit, Finance, Human Resources, Operations, and Technology.
J.P. Morgan in India provides a comprehensive range of Corporate & Investment Banking, Commercial Banking, Asset & Wealth Management, and Corporate functions services and solutions to our clients, executing some of the most important financial transactions and providing essential strategic advice to our clients such as the government, large domestic and multi-national corporations, non-government organizations and financial institutions and investors. India is a key market for JPMorgan Chase globally and our employees in India are a critical part of how we do business globally and are integrated within our businesses. Our Global Service Centers (GSCs) are strategically positioned in Mumbai, Bangalore and Hyderabad to support the firm’s operations regionally and globally. The centers provide comprehensive strategic support across technology and business operations processing to all lines of business and the corporate functions. "
The CCB Corrections team manages the process to triage, fix, correct, and eliminate customer impact caused by a business process or operational break.  Within this function, the data analytics team identifies and corrects impacted accounts via recalculating and crediting interest charges and/or fees. 
 
Description
 
Working with the CCB Corrections team, the Correction Analyst will analyze the problem, identify the impacted population, determine the financial impact, and create execution files to correct the accounts.
 
Typical activities include (but are not be limited to), identifying impacted populations based on defined criteria, calculating often complex financial impact, recalculating interest charges over a period of months or years, recalculating total balances based on exclusion of specific charges, and determining if fees applied would not have otherwise been billed.
 
These breaks can present complex, multilayered, and data intensive business problems. Typically these problems will be of an unstructured nature, whereby the CA will be expected to quickly assess and comprehend the situation, and develop a practical approach/strategy to the analysis.

This role requires interaction with business stakeholders and cross-functional groups. The candidate must possess strong problem solving and reasoning skills.
 
Skills:
Required:
• Expertise in SQL and SAS
• Proficiency with standard MS Office tools (Excel, Word, etc.)
- Understanding of the data infrastructure in a FS organization will be a plus
- Ability to deep dive & do root cause analysis


Preferred:
• Proficient in Tera Data database environments. Oracle environments a plus.
• In-depth understanding of writing and maintaining UNIX Scripts.
• Elevated proficiency in MS Excel
Qualifications:
• Must be detailed and quality assurance oriented
• Must possess strong process adherence discipline
Throughout the life cycle of a project, specific process control procedures and documentation must be followed and completed by the CA.
• Be able to work multiple problems simultaneously; typically a CA will be assigned three to five problems at once
Must possess good verbal and written communication skills
 
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