CIB F&BM - Custody and Funds Services Product Controller - Associate
Req #: 170112130
Job Category: Accounting/Finance/Audit/Risk
Custody & Fund Services (CFS) is a global provider of securities services for institutional investors. CFS offers settlement, safekeeping, and asset servicing, along with fund accounting and administration, agent lending, and related services. The business is forecasting $3.8 billion net revenue in 2017 on the back of $21 trillion in Assets under Custody and has approximately ten thousand full-time employees across the globe.
The legal entity strategy developed to meet the changes required as a result of Brexit has given rise to a unique opportunity for the right candidate within the CFS Product Controller team. The role will include supporting and helping drive forward the work of the Brexit Finance work stream whilst at the same time providing support to the wider Product Controller team in order to free up SMEs to engage in the project. As a result there will be an opportunity to gain valuable experience across a variety of aspects of the CFS PC team’s responsibilities and learn about the full range of products.
With regards to legal entity strategy this role will involve liaising with Product Controllers and Financial Controllers to track progress against key deliverables and resolve outstanding issues and ensuring we meet the finance requirements of the New Business Initiative Approval (NBIA) process with respect to the creation of the new branches on JPM Lux and the transition of business to Lux parent and branches. Aspects to be covered will include ensuring appropriate infrastructure set up, mapping out new process flows, validation of product assumptions, assessing impacts on regulatory reporting and the provision of regular updates to the broader team.
SME support across the PC team will include aspects such as: Supporting the CFS Income Attribution process; Tracking regulatory reporting including liaison with relevant central teams; Support for Liquidity and project teams on both ad hoc and BAU processes to free up SME time for LE strategy engagement.
The suitable candidate will perform an exciting and varied role at a time of significant change. Great organisational skills and the ability to multi task will be key. Project management skills would also be an advantage.
A sample of key responsibilities: The candidate will be responsible for assisting the team in covering the following functions:
Provision of regular LE Strategy (Brexit) updates to the PC Management team
Liaison with other finance teams (Financial Control LECs, Finance Project team) to ensure PCs are kept abreast of progress, are aware of upcoming deliverables / milestones and any issues that need resolution
Oversight of testing for new entities / new products in existing locations
Compilation of process flows / booking model flows for new entities
Gaining an in depth knowledge of current and future Income Attribution processes
Understanding external reporting responsibilities across the teams, monitoring, tracking, trouble shooting and assessing and implications arising for changes in the LE structure
Engagement in a combination of BAU and ad hoc PC tasks / assignments
Qualifications and Experience Required:
Degree qualified - ideally a numerate degree or equivalent experience
Self-starter, ability to think outside of the box
Strong organisational and reporting skills, project management experience an advantage
Proactive and willing to accept responsibility
Analytical and quantitative aptitude - ability to identify and solve problems independently
Team player with ability in managing processes and interacting with senior leaders in the business
Strong interpersonal skills and good communication skills
Strong technical skills (Strong in Excel, Power Point – or willing to learn)
Controls focused and strong attention to detail is key
About J.P. Morgan’s Corporate & Investment Bank:
J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. Further information about J.P. Morgan is available at www.jpmorgan.com.
JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer.