Mumbai, Maharashtra, India
2 days ago
LEC- Analyst

Build your career in Legal Entity Control space by being a part of the Corporate and Investment Bank UK Legal Entity Control team, responsible for accounting, reporting, and oversight of J.P. Morgan’s UK legal entities. With ownership of strategically key legal entities, the team’s responsibilities include, but are not limited to, preparation of financial statements (both USGAAP and local GAAP, Federal & SEC regulatory filings, monthly close of entity books & records, analytics, currency risk management, entity-specific accounting policies, legal entity planning, forecasting, strategy initiatives, and overall legal entity maintenance. The group is also dedicated to adding value and improving efficiency, quality, and controls.

Job Responsibilities

Monitor the integrity of books and records (both local and USGAAP) of the legal entity, adhering to Legal Entity Control Standards and other applicable global policies.

Perform FX trade-out to manage foreign currency-related exposures in accordance with approved procedures.

Analyze legal entity Balance Sheet and P&L movements, explaining drivers with appropriate business commentary.

Prepare and submit various statistical returns and surveys.

Review and explain variance in expenses at the product and line of business (“LOB”) level, providing summary results to LEC.

Post month-end journals for audit accruals and prepare their reconciliation.

Prepare and deliver MIS reports to senior management, along with various management packs.

Perform analytical review and liaise with LOB Controllers to ensure LE financial results align with the LE booking model.

Reconcile and attest general ledger accounts.

Resolve inter-entity and investment-equity breaks.

Manage swift and appropriate responses to audit queries.

Participate in team-wide innovation, efficiency, and automation projects.

Ensure up-to-date process documentation and develop key control checks.

Liaise with various internal teams such as tax, financial controllers, and internal audit to resolve queries.

Required qualifications, capabilities, and skills

Strong team player and possesses good inter-personal skills required to work effectively with varied individuals across departments and teamsExcellent communication and organizational skills Strong control mindset and analytical skillsSelf-starter with ability to take initiative and constantly challenge the processAbility to multi-task complex requirements under considerable time pressure, whilst maintaining a high degree of accuracy and qualityStrong PC skills including MS Excel, MS Word, MS Access and Lotus Notes

Preferred qualifications, capabilities, and skills

Investment Banking product knowledge including derivatives, equities and debt securities would be an advantageKnowledge of GL platforms used in J.P. Morgan Chase would be an advantageChartered Accountant with 0-4 years of experience preferably with financial services industry and experience of US GAAPTechnical knowledge and understanding of IFRS accounting would be desired
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