Firmwide Financial Control - Equities - Associate

Posted 2 Days Ago
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Newark, DE, USA
Hybrid
Mid level
Financial Services
We’re one of the world’s biggest technology-driven companies
The Role
Ensure accuracy, integrity, and timeliness of firm financial records for equities: perform GL reconciliations, balance sheet substantiation, month-end close, analyze variances, enforce controls, support SEC/earnings reporting, and partner with business, ops, and tech to improve processes.
Summary Generated by Built In

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. Some of the most common functions and activities that are owned by Financial Controllers are MTD PL reconciliations, balance sheet reconciliation, balance sheet substantiation and GLRS reporting & governance, inter-entity control and governance, manual accounting / bookings to the GL, and operating systems and the month end close process & coordination.

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.

Skills Required

  • 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 and ability to understand complex processing and ledger systems
  • 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 across finance, accounting, operations, and technology
  • Ability to critically challenge processes to identify control issues
  • Authorized to work in the United States (no sponsorship provided)
  • Existing relationships and networks within the firm's IB community

JPMorganChase Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about JPMorganChase and has not been reviewed or approved by JPMorganChase.

  • Healthcare Strength Medical, dental, vision, and mental-health coverage are broad, with wellness incentives, on-site or virtual care, and an EAP offering coaching and counseling. Plan materials emphasize accessible options, including multiple medical choices and tools to manage costs.
  • Parental & Family Support Paid parental leave extends up to 16 weeks for all parents, supplemented by paid Critical Caregiver Leave. Family resources include backup childcare via Bright Horizons, lactation support and milk-shipping, family-building assistance, and even a free five-month SNOO rental for newborns.
  • Retirement Support Retirement programs include a 401(k) with an annual company match and automatic pay credits for most employees, with a legacy pension available to earlier hires. An Employee Stock Purchase Plan at a 5% discount further supports long-term savings.

JPMorganChase Insights

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The Company
HQ: New York, NY
289,097 Employees
Year Founded: 1799

What We Do

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, 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. Technology fuels every aspect of our company and is at the heart of everything we do. With over 50,000 technologists globally and an annual tech spend of $12 billion, we are dedicated to improving the design, analytics, development, coding, testing and application programming that goes into creating high quality software and new products. Learn more about technology at our firm, explore resources from our Distinguished Engineers, AI & ML researchers, and other experts; access the latest episode of our TechTrends podcast, and more at www.jpmorgan.com/technology. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com. ©2023 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans.

Why Work With Us

Our technologists work on a diverse range of solutions that include strategic technology initiatives, big data, mobile, electronic payments, machine learning, cybersecurity, enterprise cloud development, and other state-of-the-art technologies.

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