LEC- Associate

JPMorgan Chase Bank

0 - 3 years

2 - 5 Lacs

mumbai

Posted:1 day ago| Platform:

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Skills Required

financial statements service level ecb transfer pricing legal product control continuous improvement variance analysis ariba auditing

Work Mode

Work from Office

Job Type

Full Time

Job Description

Execution of the month-end income attribution calculations for various business lines, ensuring the accuracy and integrity of financial statements.
Possess a strong understanding of business booking models for Markets Lines of Business (LOBs) and the regulatory rules and restrictions related to Transfer Pricing.
Evaluate the alignment of expenses and revenue by legal entity, and work with onshore product control teams to establish new service level agreements when necessary.
Address reference data or other issues in XIB that affect income attribution, and ensure ARIBA is consistently updated and maintained as the corporate repository for service level agreements.
Analyze metrics related to income attribution in line with the governance framework, prepare submissions for Tax such as APA reports, and contribute to ad hoc deliverables requested by Tax.
Participate in technology initiatives aimed at enhancing process efficiencies across Markets Non-Markets (Sales Trading). Regularly collaborate with onshore Product Control teams, and engage with Financial Control, Planning and Analysis, and Tax as needed. Work with Tax and Location LECs on regulatory requests (e.g., ECB, SEC) or external tax inquiries (e.g., HMRC).
Collaborate with auditors for the annual audit of income attribution processes.
Conduct month-on-month variance analysis, validate revenue and cost bookings in legal entities, and identify potential inconsistencies in transfer pricing
Ensure adherence to global income and expense attribution standards by evaluating the suitability of Service Level Agreements (SLAs) between Legal Entities.
Deliver prompt and accurate responses to audit inquiries and variance questions from Legal Entity Controllers (LEC) and Planning Analysis (PA). Identify opportunities for continuous improvement and drive related initiatives.

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