• Based on experience
  • Brooklyn, NY, USA
  • Permanent, Full time
  • JPMorgan.
  • 20 Apr 18

Firmwide Central Reg W Controllers Vice President – Inter-entity Analysis Group

  • 180019523
  • Brooklyn, NY, USA
  • Accounting/Finance/Audit/Risk

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.


JPMorgan Chase & Co.
(NYSE: JPM) is a leading global financial services firm with assets of
$2 trillion and operations in more than 60 countries. The firm is a
leader in investment banking, financial services for consumers, small
business and commercial banking, financial transaction processing, asset
management, and private equity.


The Bank
Controller Team
within Corporate Finance
is dedicated to supporting the JPMCB and broader Legal Entity end to end agenda
in alignment with the Firm’s and Finance’s strategic control priorities.  Responsibilities include: Governance and
oversight for the integrity and accuracy of the JPMCB financial results; Developing
and reviewing LOB level planning and forecasting analyses for JPMCB; Working
across functions on JPMCB and other legal entity level operating and strategic
issues; Supporting the JPMCB board; Designing, implementing and overseeing an
end to end, Firmwide, Reg W governance oversight framework; Defining,
establishing and implementing a Firmwide LE simplification strategy and
execution framework; Sponsoring and driving execution of key Legal Entity
related milestones (incl. selected projects within the Finance Risk Roadmap and
Data Governance programs) , Maintaining strong working relationships with
regulators, auditors and internal partners, and Policy management of
inter-entity reorganizations, capital actions and affiliates support documents.




The Interentity Analysis Group (IAG)



Within Bank
Controller Team,  IAG provides a
controlled and structured review process for LOB and corporate transactions,
and a resource for legal entity, financial, and policy expertise.  IAG’s policy and Legal Entity involvement
includes:



  • Ownership of the Legal Entity
    Reorganization and Capital Actions Policy, providing for review and approval of
    all Entity, Asset, and business reorganizations (Internal entity mergers, business
    moves, etc.) and capital actions (dividends and capital investments) among JPM
    entities.

  • Ownership of the Legal Entity
    Affiliate Support Document Policy, providing for review and approval of all
    interentity guarantees and related support documents within the firm. 

  • Ownership of the Reg W Policy –
    responsible for the establishment of an appropriate Reg W Control environment
    and for management of applicable limits on ‘Covered Transactions’.

  • Required reviewer for all NBIAs
    globally, addressing Legal Entity, Regulatory, and other financial impacts for
    proposals across all LOBs.

  • Engagement in the Firm’s Legal
    Entity Strategy and Simplification Group. 
    IAG advises all JPM Group businesses globally on the legal entity and
    related regulatory aspects of structuring and managing transactions and is an
    approver on all entity creation/dissolution proposals.

  • Supporting the management of
    JPMC&Co, JPMCB, JPMC Holdings LLC and JPMIF on a standalone basis, IAG also
    focuses on legal entity connectedness and the overall relationships among JPM
    entities

  • Preparation and delivery of
    explanatory presentations















IAG works
closely with businesses and support groups in all regions - many initiatives
have a global dimension and broad ramifications.  To add value, IAG needs
to understand the overall business and product contexts that it faces.




THE ROLE





To be a key component of the IAG’s Central Reg
W Team, enhancing monitoring controls and policy mandates across all lines of
business and legal entities. It is expected that the successful candidate will become a subject matter expert
in Reg W and increase knowledge in the lines of business transactions,
enforcing the controls process.  The
Role’s focus will include:



  • Owning the ongoing day to day centralized Reg W governance processes
    such as internal and external reporting, approval of new and renewable
    transactions, overseeing and executing quality assurance reviews, enhancing
    controls to ensure completeness and accuracy of reportable Reg W transactions
    and exemptions.

  • Solving Reg W issues in collaboration with LOB Reg W Controllers and
    Leads.  This includes:

    1. Facilitating technology enhancements needed to complete execution of
      control and reporting improvements both centrally and across LOBs.

    2. Creating and implementing workflow solutions for manual processes,
      creating efficiencies and value-added analysis.

  • Participating in meetings with regulators to discuss the Reg W program.

  • Assisting completion of the annual Reg W risk-assessment / Applicability
    study.

  • Participating in central governance meetings and ad hoc working
    sessions, including setting up agenda, preparation of materials and keeping
    track of agreed actions.

  • Building relationships with colleagues in a wide variety of lines of
    business (Front, Middle, Back Office) and Corporate Sector functions, including
    Internal Audit.





































Candidates for this unique role will probably
have a finance/accounting background, but should possess the following
characteristics:



  • Minimum
    of 8 years previous experience, working on complex financial projects
    or in a governance/control role; including experience in risk, compliance,
    audit, controllership, consulting or project management.  Preferred
    competencies include:

  • Knowledge
    of wholesale banking transactions and legal entity structures

  • Project
    management techniques and strong critical thinking and problem solving
    skills.

  • Strong
    understanding of business and management functions in financial services.

  • Strong
    control orientation, attention to detail and organization skills.

  • High level
    knowledge of Reg W

  • Sound
    written and verbal communication skills to communicate and influence
    complex issues and concepts in clear, concise and meaningful words and
    pictures.

  • Ability to
    multi task and work under pressure - both independently, as well as in a
    team-oriented, collaborative environment.

  • Ability to
    manage a staff (both directly and via matrix), including identifying and
    hiring, mentoring employees in a timely manner.

  • Bachelor’s
    degree or equivalent, with evidence of further professional development.



 



















Brooklyn, NY, USA Brooklyn NY US