Retail Banking Product Modeller - Senior Associate - London

JP Morgan

Location: Greater London

Job Type: Full time

Posted


Working within a Dynamic and modern sub-LOB finance function, the candidate must be comfortable with a rapidly changing and growing business environment. There are many processes to be built and developed and there is an opportunity to grow with the team. The business is very inclusive, forward thinking and you would be part of daily stand ups with the team and true partners to the product owners & developers. The successful applicant will be based in London and part of a very flat organizational structure with a significant number of senior stakeholders.

Job Responsibilities

ICB F&BM covers several functions including P&A, Product & Financial Control, business management and certain LOB style treasury roles. There has also been significant M&A activity in the group and project work in relation to new product and market development. The primary focus of this role is Finance Associate for Retail Banking

Day to day:

  • Support the Finance VP lead for Retail Banking Products (Accounts, Payments, Spend, Rewards and more).

Primary team responsibilities:

  • Develop and own the business model warehousing the retail banking product related assumptions for revenue, expenses, balance sheet
  • Analysis of existing data to understand customer engagement behaviour across various products and features to inform future forecasting
  • Ownership of the service centre and volume-based headcount models
  • Executive management reporting relating to the retail banking products
  • Participation in the retail banking product cabinets
  • Building and curating strong relationships with the second line functions
  • Ownership of retail banking NBIA activities
  • Ad hoc financial forecasting for new product initiatives
  • Representing ICB F&BM for retail banking related products at forums and senior stakeholder meetings
  • Key participant in the development of retail banking products in future markets
  • Development of knowledge in the Treasury space; ALM, FTP, Capital

F&BM operates as an agile and cross-functional area and the successful candidate will be required to flex their skill set to support the wider teams as required. The role will be varied and often moving at pace, no day is the same in ICB. It is an exciting business and work environment, and the candidate should expect and be able to work under pressure.

Personal skills:

  • Strong interpersonal and a great team player
  • Self-motivated and able to work with minimal supervision
  • Demonstrate strong analytical and problem solving skills
  • Analyse data, identify trends, drivers and reasoning for financial changes
  • Flexibility to work under pressure to meet changing work requirements and strict deadlines
  • Ability to communicate effectively at all levels
  • Strong attention to detail and auditable record keeping


Experience:

  • Proficiency in Microsoft Office – Excel (Pivot tables and vlookup, sumifs, data tables preferable), Word and Powerpoint
  • Anaplan experience preferred
  • Understanding of US GAAP and UK GAAP/IFRS accounting standards
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