LEC - Head of Financial Reporting (Re-Advertisement) at JPMorgan Chase & Co.

Position Description

The Legal Entity Control team is responsible for financial oversight of their legal entity, and is tasked with ensuring that a strong control environment exists as it relates to all businesses, products and operational areas that impact the Legal Entity financials and regulatory reporting of the firm.

Job Responsibilities

Full responsibility of the financial accounting and reporting function.

• Communicate and partner with senior leadership and various internal stakeholders across the firm on various matters impacting the legal entity
• Month-end analytical review of the standalone and consolidated legal entity to ensure completeness and accuracy of the financial statements, and preparation of various reports including contributions to the Monthly Controller’s Book, as well as Legal Entity and Line of Business financial commentary and regulatory reporting requirements
• Drive process improvement to enhance reporting and gain efficiencies. Legal entity accounting & control on a monthly basis, including oversight of the month-end close process, parent/child accounting, equity pick up, review of inter-entity breaks and unnatural general ledger balance monitoring
• Preparation of financial statements for local legal entities in compliance with IFRS..
• Liaison with external auditors for all financial statements and external agreed upon procedures 
• Month end corporate reporting and variance commentary, compliance with the firms GLA (General ledger attestation) policies and US accounting policies, P&L remittance and capital hedging.
• Responsible for monitoring location KPIs, scorecards and health checks 
• Ensure appropriate financial controls are in place and operating effectively in accordance with the Legal Entity Controllers Standards, and External Financials Reporting Standards.
• Review of the monthly IFRS results from the corporate multi-currency ledger.
• Participating in New Business initiative assessments (NBIA) as well as sign-off for all proposed new products and business activity in the local legal entities.
• Involvement in location and regional projects as required. Preparation and review of the location management reports and quarterly packs 
• Partnering with the South Africa tax controller and EMEA tax for the review of corporate tax packs, vat apportionment files and attribution reviews
• Review and track booking model methodologies and partner with the line of business Controllers to better understand the key business driver of the Legal Entity financial results
• Assist in the on-going Legal Entity Control Standard compliance monitoring and drive accountability model with the line of business and LEC Controller teams globally
• Intercompany Activity Control including variance commentary and help drive root cause resolution
• Participate in and help drive the overall agenda on Controls Management, Firmwide legal entity reporting projects including infrastructure and process improvement efforts and other Controller initiatives as needed

Requires Qualification, Skills and Capabilities

• More than 12 years of relevant work experience, with at least 5 years in regulatory capital management in the banking industry. 
• A bachelor’s degree in finance, applied mathematics, economics, or a related field is required. 
• Strong knowledge of financial instruments, risk management in the banking context. 
• An understanding of derivative flows. 
• Effective communication and interpersonal skills to engage and collaborate with stakeholders across various departments, regions, and regulatory bodies. 
• Excellent analytical and problem-solving skills, with the ability to interpret, analyse, and communicate complex data and reports effectively to support decision-making processes. 
• Possess motivation and flexibility to operate independently, reprioritize their workload as necessary, and deliver to tight deadlines to maintain a strong control environment. 
• Ability to collaborate effectively, partner with colleagues, be open-minded, inclusive, and able to overcome conflict
• Superior accounting and analytical acumen, with ability to understand, produce and explain income statement and balance sheet content and variances
• Self-motivated, strong initiative and superior work ethic; ability to thrive in a changing work environment
• Ability to multi-task and work well under pressure, with an ability to be flexible in a dynamic and challenging environment
• Outstanding written and verbal communication skills, including an ability to prepare executive level presentations
• Ability to partner effectively with others, as well as act as an advisor to business partners within the lines of business or legal entity chains
• Superior attention to detail, ability to deep dive on processes/issues and improve controls/efficiencies
• Strong influencing and facilitation skills