Firmwide Financial Control - Equities - Associate

JPMorganChase; Newark (DE); On-site; USD 90,000 - 120,000; Full time

Benefits offered by this job

Competitive compensation package

Health and retirement benefits

Professional development programs

Job summary

JPMorganChase is seeking an Associate in Financial Control to help ensure the accuracy, integrity, and timeliness of the firm’s books and records across the general ledger, operating systems, and infrastructure controls. You will work with line of business controllers, middle office, and technology teams to maintain robust financial controls.

The role emphasizes understanding end-to-end trading workflows, applying accounting policies, and preparing statements for quarter-ends and year-ends.

Qualifications

• Bachelor's degree.
• Minimum 3+ years of related experience.
• Understanding of financial products.
• General Ledger accounting experience.
• Experience with financial reporting and month end close responsibilities.
• Strong analytical skills: ability to understand complex processing systems and GLs across infrastructure and interdependencies.
• Excellent desktop/spreadsheet/database skills.
• Excellent organizational and problem-solving skills with ability to multi-task.
• Excellent verbal and written communication skills.
• Ability to build and maintain partnerships within product aligned businesses and across teams in finance, other accounting groups, ops, and tech.
• Ability to critically challenge with the goal of identifying control issues.

Responsibilities

• Ensure the accuracy and validity of line of business GL balance sheet accounts and adherence to GLA standards.
• Ensure adherence to P&L and Balance Sheet controls and identify opportunities for efficiency.
• Analyze, communicate, and resolve variances between GL and upstream systems.
• Collaborate with line of business controllers, middle office, business managers, technology and operations.
• Understand end-to-end flow of trading activities to apply accounting policies and enhance control framework.
• Ensure integrity of income statement and balance sheet at month/quarter/year-end.
• Engage in line of business initiatives and be the control SME.
• Identify process or infrastructure enhancements and drive changes with stakeholders.
• Oversee preparation of primary financial statements for earnings and SEC filings.
• Control post-closing entries and consolidation adjustments.
• Perform control procedures to ensure integrity of financial results and strengthen controls.

Skills

Bachelor's degree

3+ years

Financial products knowledge

GL accounting

Financial reporting

Month-end close

Analytical skills

Excel

Communication skills

Cross-team partnership

Control issue identification

Education

Bachelor's degree

Job description

Job Description

Join the Financial Control team, primarily focused on ensuring the accuracy, integrity and timeliness of the firm's books and records with an emphasis on general ledger, operating systems and infrastructure controls across the entire lifecycle of the business.

Job Description

Join the Financial Control team, primarily focused on ensuring the accuracy, integrity and timeliness of the firm's books and records with an emphasis on general ledger, operating systems and infrastructure controls across the entire lifecycle of the business.

As an Associate within the Financial Control team, you are primarily focused on ensuring the accuracy, integrity and timeliness of the firm's books and records with an emphasis on general ledger, operating systems and infrastructure controls across the entire lifecycle of the business.

Job Responsibilities

• Ensure the accuracy and validity of line of business general ledger balance sheet accounts, including adherence to the firmwide General Ledger Attestation (GLA) standards
• Ensure adherence to P&L and Balance Sheet controls owned by Financial Control, including identifying and implementing opportunities for efficiency
• Analyze, communicate, and resolve material variances between the general ledger and upstream systems, as defined by line of business
• Work closely with various line of business controllers, middle office, business managers, technology and operations
• Understand end-to-end flow of trading activities, booking models, product configurations, and trade economics to apply relative accounting policies and enhance control framework
• Ensure for the integrity and accuracy of line of business income statement and balance sheet at month, quarter, and year-ends
• Engage in line of business initiatives and projects, be the financial control subject matter expert
• Identify to proactively identify process and/or infrastructure enhancements and work with stakeholders to enact change
• Oversee preparation of the firm's primary financial statements at quarter-end for use in the earnings release and Securities Exchange Commission filings
• Control post-closing entries and consolidation adjustments
• Perform various control procedures to ensure the integrity of reported financial results and enhance the overall control environment

Required Qualifications, Capabilities, And Skills

• Bachelor's degree
• Minimum 3+ years of related experience
• Understanding of financial products
• General Ledger accounting experience
• Experience with financial reporting and month end close responsibilities
• Strong analytical skills: Ability to quickly understand workings of a complex processing system and general ledger systems across the infrastructure and their interrelationships and dependencies
• Excellent desktop/spreadsheet/database skills
• Excellent organizational and problem-solving skills with an ability to multi-task
• Excellent verbal and written communication skills
• Ability to build and maintain partnerships within the various product aligned businesses and across teams in finance, other accounting groups, ops, and tech
• Ability to critically challenge with the goal of identifying control issues

Preferred Qualifications, Capabilities, And Skills

• Existing relationships and networks within the firm's IB community an advantage

To be eligible for this role, you must be authorized to work in the United States. We do not offer any type of employment-based immigration sponsorship for this role. Likewise, JPMorgan Chase & Co. will not provide any assistance or sign any documentation in support of any other form of immigration sponsorship or benefit, including optional practical training (OPT) or curricular practical training (CPT).

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.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

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. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

About The Team

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.

Global Finance & Business Management works to strategically manage capital, drive growth and efficiencies, maintain financial reporting and proactively manage risk. By providing information, analysis and recommendations to improve results and drive decisions, teams ensure the company can navigate all types of market conditions while protecting our fortress balance sheet.