LEC- Analyst LEC- Analyst

Build your career in Legal Entity Control space by being a part of the Corporate and Investment Bank UK Legal Entity Control team, responsible for accounting, reporting, and oversight of J. P. Morgan s UK legal entities. With ownership of strategically key legal entities, the team s responsibilities include, but are not limited to, preparation of financial statements (both USGAAP and local GAAP, Federal & SEC regulatory filings, monthly close of entity books & records, analytics, currency risk management, entity-specific accounting policies, legal entity planning, forecasting, strategy initiatives, and overall legal entity maintenance. The group is also dedicated to adding value and improving efficiency, quality, and controls.

Job Responsibilities

• Monitor the integrity of books and records (both local and USGAAP) of the legal entity, adhering to Legal Entity Control Standards and other applicable global policies.

• Perform FX trade-out to manage foreign currency-related exposures in accordance with approved procedures.

• Analyze legal entity Balance Sheet and P&L movements, explaining drivers with appropriate business commentary.

• Prepare and submit various statistical returns and surveys.

• Review and explain variance in expenses at the product and line of business ( LOB ) level, providing summary results to LEC.

• Post month-end journals for audit accruals and prepare their reconciliation.

• Prepare and deliver MIS reports to senior management, along with various management packs.

• Perform analytical review and liaise with LOB Controllers to ensure LE financial results align with the LE booking model.

• Reconcile and attest general ledger accounts.

• Resolve inter-entity and investment-equity breaks.

• Manage swift and appropriate responses to audit queries.

• Participate in team-wide innovation, efficiency, and automation projects.

• Ensure up-to-date process documentation and develop key control checks.

• Liaise with various internal teams such as tax, financial controllers, and internal audit to resolve queries.

Required qualifications, capabilities, and skills

• Strong team player and possesses good inter-personal skills required to work effectively with varied individuals across departments and teams
• Excellent communication and organizational skills
• Strong control mindset and analytical skills
• Self-starter with ability to take initiative and constantly challenge the process
• Ability to multi-task complex requirements under considerable time pressure, whilst maintaining a high degree of accuracy and quality
• Strong PC skills including MS Excel, MS Word, MS Access and Lotus Notes

Preferred qualifications, capabilities, and skills

• Investment Banking product knowledge including derivatives, equities and debt securities would be an advantage
• Knowledge of GL platforms used in J. P. Morgan Chase would be an advantage
• Chartered Accountant with 0-4 years of experience preferably with financial services industry and experience of US GAAP
• Technical knowledge and understanding of IFRS accounting would be desired

Build your career in Legal Entity Control space by being a part of the Corporate and Investment Bank UK Legal Entity Control team, responsible for accounting, reporting, and oversight of J. P. Morgan s UK legal entities. With ownership of strategically key legal entities, the team s responsibilities include, but are not limited to, preparation of financial statements (both USGAAP and local GAAP, Federal & SEC regulatory filings, monthly close of entity books & records, analytics, currency risk management, entity-specific accounting policies, legal entity planning, forecasting, strategy initiatives, and overall legal entity maintenance. The group is also dedicated to adding value and improving efficiency, quality, and controls.

Job Responsibilities

• Monitor the integrity of books and records (both local and USGAAP) of the legal entity, adhering to Legal Entity Control Standards and other applicable global policies.

• Perform FX trade-out to manage foreign currency-related exposures in accordance with approved procedures.

• Analyze legal entity Balance Sheet and P&L movements, explaining drivers with appropriate business commentary.

• Prepare and submit various statistical returns and surveys.

• Review and explain variance in expenses at the product and line of business ( LOB ) level, providing summary results to LEC.

• Post month-end journals for audit accruals and prepare their reconciliation.

• Prepare and deliver MIS reports to senior management, along with various management packs.

• Perform analytical review and liaise with LOB Controllers to ensure LE financial results align with the LE booking model.

• Reconcile and attest general ledger accounts.

• Resolve inter-entity and investment-equity breaks.

• Manage swift and appropriate responses to audit queries.

• Participate in team-wide innovation, efficiency, and automation projects.

• Ensure up-to-date process documentation and develop key control checks.

• Liaise with various internal teams such as tax, financial controllers, and internal audit to resolve queries.

Required qualifications, capabilities, and skills

• Strong team player and possesses good inter-personal skills required to work effectively with varied individuals across departments and teams
• Excellent communication and organizational skills
• Strong control mindset and analytical skills
• Self-starter with ability to take initiative and constantly challenge the process
• Ability to multi-task complex requirements under considerable time pressure, whilst maintaining a high degree of accuracy and quality
• Strong PC skills including MS Excel, MS Word, MS Access and Lotus Notes

Preferred qualifications, capabilities, and skills

• Investment Banking product knowledge including derivatives, equities and debt securities would be an advantage
• Knowledge of GL platforms used in J. P. Morgan Chase would be an advantage
• Chartered Accountant with 0-4 years of experience preferably with financial services industry and experience of US GAAP
• Technical knowledge and understanding of IFRS accounting would be desired