DescriptionGlobal Banking – North America Capital Markets Product Controller Associate is a control and support function, responsible for ensuring accurate financial reporting for Global Investment Banking business. We are seeking a versatile candidate who is adaptable and willing to support a diverse portfolio of public and private equity and debt products.
Primary focus of this role will be supporting the NA Capital Markets products i.e. Global Merchant Banking, Technology Venture Capital, Project Spark, and Project Green. The ideal candidate should be open to covering multiple products and be able to seamlessly shift focus as business needs evolve addressing a broad spectrum of challenges.
Global & Investment Banking supports a broad range of corporations, institutions and governments by providing strategic advice, capital raising and risk management expertise. The Finance and Business Management (F&BM) group provides financial advice to support the business strategy and helps to ensure a sound control environment.
Business Background
The Global Merchant Banking strategy within the CIB will expand Global Investment Banking’s on-balance sheet client financing options from the senior debt we provide today to also include subordinated asset classes which rank lower in repayment priority. These may include second lien and mezzanine loans, preferred equity securities, bonds, warrants, etc.
JPMorgan’s Technology Venture Capital business facilitates and expands new ideas, innovation, and change for start-up companies across the US market and overseas.
Project Spark invests capital into diverse, emerging alternative managers, including minority-led and women-led venture capital funds and other private funds positively impacting asset management, small businesses, and communities.
Project Green Fund invests capital in climate technology companies and climate technology venture capital.
Organization
The Product Controller team is an integral component of the CIB Finance & Business Management (F&BM) function, and is responsible for providing business advisory and accounting support, control oversight and integrity of the financial statements and transaction end-to-end control in support of the business.
Responsibilities of this team include, but are not limited to, oversight of financial statement and management reporting, ensuring compliance with accounting policies including new business initiatives and product review, business performance control, business analytics and expense management. Since contact with virtually every part of the firm is essential to Controllers, professionals in the department experience JPMorgan businesses, products and technology systems in depth.
This position provides a great opportunity for a highly motivated individual to support with the P&L and Risk production for the North America Capital Markets business which focuses primarily on private equity investments and held for investment loan origination. This candidate will have a rare opportunity to learn about Capital Markets products (i.e. equity, bonds, loans), become a subject matter with all the accounting intricacies (i.e. Measurement Alternative, Net Asset Value, Fair Value, etc.), valuation methodologies of private equity investments, capital calculations on RWA (Risk Weighted Assets), GSIB (Global Systematically Important Banks), etc.
Job Responsibilities:
The successful candidate will have strong accounting, communication, and teamwork skills which will be critical to developing strong partnerships across multiple functions and regions.
- Review significant and complex transactions to determine accounting treatment of equity and loan syndications in line with corporate accounting policy.
- Act as the lead on the continued build out the various equity initiatives, partnering with Front Office, Treasury, Operations, Risk, Planning & Analysis, Business Managers, Financial Control to ensure transactions are seamlessly executed and reported appropriately, and lead high exposure projects.
- Month-end close – ensure financials are accurate and reported timely by mitigating risks and implementing effective controls.
- Managing end-to-end booking model for equity and debt investments, requiring coordination and strong relationships with both internal and external counterparts.
- Accountable for compliance with P&L, Legal Entity and Product Control standards as well as all applicable corporate accounting policies.
- Partner with Corporate Tax, Legal Entity Control, Legal and other key stakeholders to execute new SLAs (stand-alone agreements).
- Manage investigation, explanation and communication of business drivers underpinning significant financial movements and variances for Front Office, Legal Entity Controller, Corporate Reporting and partners in other regions.
- Continuous improvement through review of current practices/processes, identifying deficiencies and/or weaknesses, and delivering solutions to enhance the current control and reporting environment.
Required Qualifications:
- Bachelor’s Degree in Finance/Accounting and 3+ years related business experience required
- Prior experience in Loan and Private Equity accounting
- Dynamic team player able to adapt to changing environment and multiple demands
- Self-starter, independent worker, ability to think outside of the box; good interpersonal, communication and influencing skills
- Strong organizational and time management skills: able to work on multiple projects with competing deadlines
- Strong written and verbal communication skills to interface globally with all levels of the organization
Preferred qualifications:
- Excellent soft and technical skills including extensive experience using Excel and PowerPoint, Alteryx, Xceptor, and Tableau; experienced in writing macros.
- Controls focused and strong attention to detail is key; accounting qualification preferred but not essential
- Organized and comprehensive project management approach
- Familiar with SAP, CDGL, LIQ, Essbase, LIQ