LEC- Associate

• 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 (P&A). Identify opportunities for continuous improvement and drive related initiatives.
  

ABOUT US

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.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. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

About The Team

J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.