CIB Financial Analysis - Markets Operations

JP Morgan

Location: Dorset

Job Type: Full time

Posted

Be brave, not perfect.
- Reshma Saujani

CIB F&BM – Markets Operations Finance Manager – Associate – Bournemouth

JPMorgan Chase is a leading global financial services firm with assets of $2.6 trillion, with operations in more than 50 countries and 100 markets and over 250,000 employees. The firm is a leader in investment banking, financial services for consumers and businesses, financial transaction processing, asset and wealth management, and private equity. The firm serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients. Further information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

Role Description

Reporting into the Financial Management lead for Fixed Income Operations within Finance & Business Management (F&BM), this role will support the Markets Operations organization, a global ~1400-person organization accounting for ~$140mm of expenses, which forms part of the CIB Operations within Digital & Platform Services (D&PS) which resides within the Corporate & Investment Bank (CIB) Line of Business. This position will require regular interaction with variety of teams and senior management across CIB & DP&S F&BM, including Finance Managers, Business Managers, Planning & Analysis (P&A), and Markets Operations, as well as the front office stakeholders and corporate partners.

Key responsibilities include:

  • Provide timely and accurate financial reporting and monthly business reviews that provide clear, impactful explanations of operating results and variances based on relevant business drivers, and help ensure expense goals are achieved
  • Develop and maintain relationships with key stakeholders
  • Manage annual budget and periodic (monthly) forecasting processes
  • Manage the month-end close process and provide variance commentary
  • Coordinate expense accruals with Controllers
  • Prepare financial (variance) analysis and walk forwards (expense and headcount) by key business drivers
  • Provide detailed headcount tracking of actual productivity saves versus plan/target, coordinate Tech & Ops interlocks in partnership with Tech F&BM face-off
  • Review expenses and identify potential reductions in the cost base to streamline business processes and improve profitability
  • Deliver Operations executive-level monthly financial reviews
  • Manage product /front office allocations, coordinate monthly business reviews, periodic allocations rules reviews and ad-hoc front office queries
  • Manage reporting hierarchy and examine incoming allocations
  • Implement controls and best practices to ensure efficient, timely and accurate financial reporting
  • Part of a high-performance team, adding value to the greater team

Key Skills & Qualifications desired:

  • Relevant years of experience in financial management (planning, forecasting, budgeting and strong understanding of both finance and accounting practices)
  • Excellent quantitative, analytical problem solving and financial / data / business modeling skills
  • Ability to clearly communicate complex concepts to a non-financial audience, strong documentation and reporting skills
  • Strong presence, comfortable interacting with and presenting to all levels of management
  • Superior attention to details and process skills; sense of urgency
  • Able to collaborate across lines of businesses and work with central/corporate organizations
  • Capable of balancing multiple assignments simultaneously
  • Sound judgment, professional maturity and personal integrity, strong work ethic, proactive and results-oriented outlook, possess courage to ask tough questions and challenge the status quo
  • Proficiency in Microsoft Office applications and working knowledge of systems used by CIB F&BM or equivalents (eXtraSheet - Headcount Tracking, Paragon - General Ledger Reporting, SAP / Cognos – Allocation Reporting) preferred
  • Advanced excel (formulas, macro, pivots, power pivots, charts) and data analysis and visualization tools (Alteryx, tableau, QlikView) preferred
  • Bachelor degree Finance or Accounting and qualified/part-qualified CPA/CIMA/ACCA or equivalent preferred
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