CIB F&BM - Trade Finance Product Controller

JPMorgan Chase & Co . (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com .

Business Description

Global Trade Finance is part of the product suite in the Corporate and Investment Bank (CIB) line-of-business. As a core business, it is one of the primary drivers of the global economy. Trade Finance facilitates the transfer of commodities and manufactured goods between countries. Banks participate in trade financing by providing pre-export financing, helping in the collection process, confirming or issuing letters of credit, discounting drafts and acceptances, and offering fee-based services such as providing credit and country information on buyers. Although most trade financing is short-term, medium-term loans (one to five years) and long-term loans (more than five years) finance the import and export of capital goods such as machinery and equipment.

For more than 200 years, J.P. Morgan has helped clients make trade payments, access liquidity, and manage risk. We connect counterparties with market-leading Traditional Trade, Supply Chain Finance, and Export Finance solutions. Our institutional strength, practical expertise, comprehensive technology, and unparalleled network enable us to deliver powerful global solutions, when and where our clients need them.

North America Trade product control oversees the financial reporting Trade’s balance sheet of $20B and annualized revenues of over $300M.

Role Description

The successful candidate will be an associate on the North America Product Controller team within Trade. The North America Product Controller team is responsible for providing business advisory and accounting support, control oversight and integrity of the financial statements and transaction end-to-end control in support of the business.

Key Roles and Responsibilities

Understand accounting treatment and ensure compliance with appropriate GAAP, corporate and regulatory requirements.

Validate balance sheet items for appropriate classification for regulatory, corporate and legal entity reporting

Monthly PnL and Balance Sheet variance analysis to interpret business drivers

Support the month-end close to ensure accuracy of financials, management reporting, and client profitability.

Prepare monthly reports used to support key functions in Finance and Business Management.

Prepare reporting and analyze monthly RWA for Global Trade

Validate existing and develop (as needed) new performance analytics and reporting to increase transparency around the financials

Understand and contribute to control framework including control self-assessment (CSA), SOX, New Business Initiative Approvals, as well as support internal and external audits.

Ad hoc business and financial analysis, including, but not limited to: Issue Investigation and Requests from Business Managers and Product

Ensure a sound control environment

Participates in special projects and performs other duties as assigned.

3- 5 years of experience with an accounting / financial services background.

Bachelors Degree in Finance/Accounting; C.P.A. a plus

Strong problem solving skills

Dynamic team player able to adapt to changing environment and multiple demands

Good interpersonal, communication and influencing skills

Enthusiastic, highly motivated and effective under tight timeframes and pressure

Ability to quickly grasp concepts and learn processes

Strong organizational and time management skills: able to work on multiple projects with competing deadlines

Excellent technical skills in Microsoft Office Suite