What are the responsibilities and job description for the External Reporting Regulatory Associate position at JPMorgan Chase?
By providing information, analysis and recommendations to improve results and drive decisions, you will help ensure the company can navigate all types of market conditions while protecting our fortress balance sheet.
Job Summary: As an External Reporting Regulatory Associate, you are responsible for supporting multiple aspects of the Loans & Credit Risk disclosures for Wholesale/Consumer financials for inclusion in the consolidated quarterly financial statements (10-Q/10-K for JPMorgan Chase & Co. and JPMorgan Chase Bank, N.A.) as well as the Earnings Press Release Supplement Credit-Related pages. You will source, consolidate, analyze, validate, and report financial data while adhering to internal control and documentation standards. Additionally, you will also be responsible for supporting initiatives to enhance the controls and efficiency of the report production process which may include developing and testing functional enhancements to reporting systems and implementing improvements to management reporting to provide stakeholders with increased transparency into the process and results.
The Firmwide Regulatory Reporting & Analysis (FRRA) team is responsible for the design, implementation and execution of end-to-end processes supporting U.S. Regulatory Reporting including Consolidated, Capital, Standalone and CCAR/DFAST/ICAAP reporting (also included in scope, is International Regulatory Reporting for select locations in APAC/EMEA/UK/LATAM regions), Regulatory Reporting training and exam management. Additionally, FRRA drives broader strategic initiatives across external reporting including accountability, error and issue management, manual adjustments, variance analysis, quality assurance and the target U.S. Regulatory Reporting platform
Job Responsibilities
- Support various aspects of the production and review of monthly, quarterly, semi-annual and annual reports filed with various regulatory agencies. Coordinate the consolidation, review and analyzing of quarterly Loans/Credit financial data for accuracy and completeness.
- Participate in the change management process regarding enhancements and automation
- Represent the team and support efforts around strategic initiatives and ongoing improvements around internal/external reporting processes
- Effectively manage multiple priorities and deliverables under tight timelines
- Develop control procedures to ensure accurate reconciliation between regulatory filings, (e.g., Press Releases, Form 10-Q/10-K, Call & FR Y-9C, CCAR, etc.).
- Maintain familiarity of accounting pronouncements and disclosure requirements. Participate on firm wide teams to implement new accounting disclosures.
- Establish and manage relationships, partnerships and dialogue with a variety of stakeholders in a highly matrixed organization
Required Qualifications, Capabilities, and Skills
- 3 years total relevant work experience
- Bachelor’s Degree required
- Comfortable working with large quantities of data, including strong reconciliation and process management experience
- Ability to work on multiple priorities for different sponsors at the same time
- Detail oriented, strong organizational and time management skills
- Results oriented / delivery focused; ability to deliver high-quality results under tight deadlines
- Knowledge of data transformation tools including Alteryx
- Strong technical skills including Excel and PowerPoint
- Strong analytical skills in data interpretation and identification of anomalies
- Excellent written and oral communication abilities
Preferred Qualifications, Capabilities, and Skills
Accounting or banking industry experience
- Loans/Credit Risk/Financial Reporting experience
- Experience with GAAP Financial Statements for Loans
- Understanding of regulatory reporting and financial statements
- CPA / Big 4 Experience
To be eligible for this role, you must be authorized to work in the United States. We do not offer any type of employment-based immigration sponsorship for this role. Likewise, JPMorgan Chase & Co. will not provide any assistance or sign any documentation in support of any other form of immigration sponsorship or benefit, including optional practical training (OPT) or curricular practical training (CPT).