J.P. Morgan

Legal Entity Control (IFRS accounting) - Associate

Recruiter
J.P. Morgan
Location
London, UK
Salary
Highly competitive compensation package
Posted
21 Sep 2022
Closes
18 Oct 2022
Ref
210322803
Approved employers
Approved employer
Contract type
Permanent
Hours
Full time
Experience level
Qualified accountant

Job Description

Organization Description

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.

Employer Description

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.

Legal Entity Control

The opportunity is to join the Legal Entity Control (LEC) team based in London as part of Global Finance and Business Management. The LEC team are based in London, Mumbai and Warsaw and are primarily responsible for the oversight of legal entities in the UK and ensuring that a strong control environment exists as it relates to all businesses, products and operational areas that impact the UK financial statements.

This role has been specifically been created to support the production, co-ordination, and management of statutory financial statements for a key UK regulated entity. The work is challenging with tight audit and regulatory deadlines requiring both strong time management as well attention to detail. The successful candidate will join a meritocratic, team orientated environment, committed to individual development and long term career development.

KEY RESPONSIBILITIES

  • Preparation of statutory financial statements for a key UK regulated entity.
  • Produce key disclosures contained within the UK statutory financial statements under local GAAP, working closely with the Lines of Business and external audit.
  • Responsibility for the working files and supporting audit papers to a high degree of accuracy and liaison with external auditors on an annual basis.
  • Maintaining and reconciling our local ledger platform and operating model.
  • Supporting technical UK GAAP/IFRS accounting analysis including accounting memos and new product assessments.
  • Assisting in various projects and initiatives which impact the legal entity’s local accounts.
  • Identify and drive enhancements to current processes and controls.
  • Building and managing relationships across Finance to ensure effective coordination and communication of audit requests and information required for the accounts.
  • Supporting external audit throughout the year on interim testing working closely with Finance, Lines of Business, and other support functions across the Firm.
  • Provide detailed monthly/quarterly analysis of the legal entity results to the external auditors to assist with audit scope and changes within the entity.
  • Management of audit tasks and updates to local stakeholders
  • Support cross entity disclosures & audit tasks for the wider LEC team during the year where required.

SKILLS, KNOWLEDGE & EXPERIENCE

  • Qualified accountant (i.e. CA, ACCA, CPA, CIMA etc.) with at least 2 years PQE in a banking environment
  • Solid understanding of investment and retail bank financial accounting and products.
  • Previous experience of accounts preparation under IFRS preferred.
  • Ability to work under considerable time pressure, whilst maintaining a high level of accuracy and quality.
  • Excellent communication and presentational skills and a track record in developing good working relationships.
  • Strong analytical ability, being able to discuss legal entity and business results and issues with senior management and various stakeholders across the Firm.
  • A desire to learn and develop an understanding of challenging accounting concepts and new products.
  • Attention to detail and a control focused mind-set at all times.
  • Experience of the Firm’s ledger and consolidation platform (SAP, CDGL and BPC)
  • Advanced Excel skills and ideally understanding of process enhancement tools such as Alteryx & Tableau

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.

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

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