J.P. Morgan

Retail Banking Product Modeller - Associate

Recruiter
J.P. Morgan
Location
London, UK
Salary
Highly competitive compensation package
Posted
08 Dec 2022
Closes
08 Jan 2023
Ref
210360650
Approved employers
Approved employer
Contract type
Permanent
Hours
Full time
Experience level
Qualified accountant
Job Description

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

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