External Reporting Controller - Loss Share Associate

Aumni

Aumni

Accounting & Finance
Newark, DE, USA
Posted on Oct 2, 2024

Job Description

The Firmwide Regulatory Reporting & Analysis (FRRA) team is responsible for the design, implementation and execution of end-to-end processes supporting U.S. Regulatory Reporting including Consolidated, Capital, Standalone and CCAR/DFAST/ICAAP reporting (also included in scope, is International Regulatory Reporting for select locations in APAC/EMEA/UK/LATAM regions), Regulatory Reporting training and exam management. Additionally, FRRA drives broader strategic initiatives across external reporting including accountability, error and issue management, manual adjustments, variance analysis, quality assurance and the target U.S. Regulatory Reporting platform.

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.

As an External Reporting Controller-Loss Share, Associate within the Firmwide Regulatory Reporting & Analysis (FRRA) team, you will be responsible for multiple aspects of the end-to-end FDIC Commercial Loss Share Non Single Family (NSF) production process for JPMorgan Chase & Co (JPMC). This report is part of JPMCs quarterly reporting process and key to loss sharing with the FDIC for credit products acquired from other financial institutions. You will also be responsible for initiatives to enhance the controls and efficiency of the report production process which may include developing and testing functional enhancements to reporting systems and implementing improvements to management reporting to provide stakeholders with increased transparency into the process and results.

Job Responsibilities:

  • Support the JPMC internal controls and CCAP framework to ensure best in class governance
  • Participate in the change management process regarding enhancements and automation
  • Assist in strategic development of solutions to improve the quality of external reporting while developing analytics to add efficiency to current state processes.
  • Support internal and external audits
  • Manage multiple priorities and deliverables under tight timelines
  • Work with stakeholders to ensure end to end processes and SLAs are adhered to
  • Participate in firm wide project groups to implement changes in reporting requirements and enhancements to reporting tools
  • Establish and manage relationships, partnerships and dialogue with a variety of stakeholders in a highly matrixed organization

Required Qualifications, Skills, and Capabilities:

  • Minimum of 3 years relevant work experience (accounting or banking industry)
  • Bachelor’s Degree required; Accounting or Finance degree
  • Understanding of regulatory reporting and financial statements
  • Strong technical Excel and Power point skills
  • Strong analytical skills in data interpretation
  • Excellent written and oral communication abilities
  • Promotes a robust control environment and owns well controlled processes

Preferred Qualifications, Skills, and Capabilities:

  • Innovative, organized, and able to execute the necessary steps to achieve the strategic vision
  • Independent worker who is self-motivated and can work independently in a dynamic environment
  • Inquisitive and a strong desire to learn
  • Wholesale Loans, Credit Risk or CCAR reporting experience
  • Tableau, Alteryx solution development and implementation

About Us

JPMorgan Chase & Co., 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 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 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.