Global F&BM- EMEA Payments Product Controller

Job Description

JPM Payments is part of the overall CIB franchise and is a sub-line of business within the Corporate & Investment Bank (“CIB”) line of business of the JPM Group. JPM Payments works with a broad range of clients, from large and middle-market corporations to financial institutions, public sector and governments. JPM Payments includes a broad range of products and services that enable clients to manage payments and receipts, as well as invest and manage funds.

The business has undergone substantial change over the last few years and is divided into the following 4 sub-lob’s :-

• Liquidity, including Account Services and Escrow
• Payments and Commerce Solutions
• Trade Finance and Working Capital Management
• Global Clearing & Onyx

The product control function provides support to the financial controllers and product managers to ensure that the P&L, balance sheet, and month end close procedures are done correctly and accurately.

With the ever increasing and demanding regulatory environment a Product Controller acts as a primary function to ensure the banks comply/attest to the regulatory requirements on the accuracy and completeness of financial statements. During 2021 the Payments business has witnessed a significant increase in client activity and regulatory oversight and continued investment as a result of business capabilities expansion, multi-year technology builds and post-Brexit LE strategy initiatives which are still being met by the existing finance team.

This position is in the overall EMEA Payments Product Control team that is responsible for both Core Cash Management, Liquidity Solutions, Commercial Card and Merchant Services businesses. The successful candidate will be part of the EMEA Core Cash Management Product Control team. The team focuses on a variety of Core Cash Management products from high value clearing to low value clearing, TSFX, multi-currency account services all designed to help Treasurers and CFO’s of both financial institutions and corporates manage their global and regional payments activity; covering the end-to-end of Balance Sheet and Revenue. The role involves overall governance of the transaction control cycle and assisting the business in identifying and achieving its objectives. 

• Key responsibilities include month end close, analysis of revenue drivers, balance sheet movements (including credit/capital/RWA) and linkage of business activity to full financial results providing full and meaningful analysis and explanation of variances with appropriate supporting business drivers.
• Support of the month-end close process in partnership with the Financial Control team (based in Mumbai) through review of the EMEA Payments balance sheet and P&L including associated investigation and resolution of variances and associated month end issues.
• Excellent partnership skills required with other functions (Business Management, Middle Office, Technology, Front Office and Financial Control etc.) and Product Control peers globally
• Strong partnership with the EMEA Payments business and the wider F&BM team (Business Management, Financial Control and Regional Partners) providing effective support and control oversight to help maintain a strong control environment and facilitate business growth.
• Track record of improving processes and control environment and use of innovation agenda/digital accelerator applications and use of new technology as an enabler
• Oversight of the monthly forecasting process in co-operation with the Business Managers and Product partners.
• Participate in Internal Audit and/or Risk driven product reviews and products deep dives. Also a key participant in new product approvals (NBIA’s) from a Finance Control perspective.
• Ensure rigorous compliance with control policies, standards and procedures – e.g. P&L minimum standards compliance (P&L sign-off and comprehensive explain), safeguarding standards, LE standards etc

Qualifications

• Solid experience within Product Control, Financial Control, Accounting, or related area
• Experience doing P&L and month end close process is beneficial
• Bachelor’s degree in Accounting, Finance, Business or related area - qualified/part qualified accountant beneficial
• Strong analytical skills and attention to detail including a strong control focus
• Excellent communication skills and ability to develop strong working relationships
• Experience managing junior resources (2nd year FADP and F&BM apprentice) with potential for further responsibilities over time
• Candidate must be a confident communicator (verbal, written and listening) who is used to dealing with numerous partners / stakeholders, works well under pressure, prioritises and manages time well and manages expectations and anticipate needs appropriately in an environment that can change quickly so they also need to be flexible and adaptable to changing situations.
• Strong control mindset, with an attention to detail who can challenge the status quo, set the agenda, generates ideas and solutions to problems, embraces change and drives it through to completion
• Ideally candidate has experience as a product controller who can bring knowledge and experience to the wider team along with a track record of execution on finance and business deliverables
• Ability to influence and direct the activities of resources outside of direct control
• Strong interpersonal, communication and team-building skills. Ability to manage several projects and tasks concurrently and still deliver and execute on time is essential
• Enthusiastic, highly motivated and committed individual

About Us
J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

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. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.
About the Team
The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.

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.
For further information, and to apply, please visit our website via the “Apply” button below.