Job Description
The opportunity is to join the Legal Entity Control (LEC) team based in London as part of Global Finance and Business Management. The LEC team are based in London and Mumbai and are primarily responsible for the oversight of entities in the UK and ensuring that a strong control environment exists as it relates to all businesses, products and operational areas that impact the UK financial statements. This role has responsibility for key entity regulatory deliverables and the strategic restructure or liquidation of UK entities.
As a UK Entity Controller - Associate within the Legal Entity Control team, you will take on the responsibility of planning, obtaining approval, and executing Entity Closures and/or restructures. Your role will involve collaboration with various stakeholders, including but not limited to legal, tax, capital management, and regulatory policy departments. Additionally, you will support wider LEC responsibilities, such as the production, coordination, and management of statutory financial statements for UK regulated entities. This role is challenging and requires strong time management skills and attention to detail due to tight deadlines. You will be part of a team-oriented environment that is committed to team member and long-term career development.
Job responsibilities
- Plans, obtains approval and executes entity restructures or closures.
- Coordinates ad-hoc requests such as dividends, capital injections and other corporate actions, and providing tracking of these actions to management.
- Supports projects and initiatives which impact entities including product, regulatory, compliance and other business driven initiatives or strategies including entity simplification.
- Builds and manages relationships with key stakeholders including Product Control, Business Management, Operations, Compliance, Corporate and CIB Treasury, and Regulatory Teams.
- Updates and reviews of UK LEC owned sections of Entity ICARA.
- Prepares of ICAAP stress testing and other reporting.
- Produces key disclosures contained within the UK statutory financial statements under local GAAP, working closely with the Lines of Business and external audit.
- Supports cross entity disclosures & audit tasks for the wider LEC team during the year where required.
Required qualifications, capabilities and skills
- Qualified accountant (i.e. CA, ACCA, CPA, CIMA etc.) with relevant experience.
- Solid understanding of investment and retail bank financial accounting and products.
- Ability to work under time pressure, whilst maintaining a high level of accuracy and quality.
- Excellent communication and presentational skills and a track record in developing good working relationships.
- Strong analytical ability, being able to discuss legal entity and business results and issues with senior management and various stakeholders across the Firm.
- A desire to learn and develop an understanding of challenging accounting concepts and new products.
- Attention to detail and a control focused mind-set.
Preferred qualifications, capabilities and skills
- Previous experience of accounts preparation under IFRS preferred.
- Experience of the Firm's ledger and consolidation platform (SAP, CDGL and BPC)
- Advanced Excel skills and ideally understanding of process enhancement tools such as Alteryx & Tableau
About Us
J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.
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.
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.
