CIB Payments F&BM - EMEA Liquidity and Account Solutions Product Controller - VP

This position is in the overall EMEA Payments Product Control team that is responsible for both Core Cash Management, Liquidity Solutions, Commercial Card and Merchant Services businesses. The successful candidate will lead the EMEA Liquidity Product Control team. With the ever increasing and demanding regulatory environment a Product Controller acts as a primary function to ensure the banks comply/attest to the regulatory requirements on the accuracy and completeness of financial statements.

This position is in the EMEA Treasury Services Product Control team that is responsible for both Core Cash Management and Liquidity Solutions. You will manage the EMEA Liquidity Product Control team. As a CIB Payments F&BM - EMEA Liquidity and Account Solutions Product Controller - VP you will be responsible for the overall integrity and accuracy of the financial statements for the Liquidity business along with the overall governance of the Liquidity transaction control cycle and assist business in identifying and achieving its objectives.,

• Manages a team of 2 controllers (all based in London) you will be an experienced manager who can assist with prioritization and direction as well as training, development, empowering, motivating and coaching of team members.


• Partners with other functions (Business Management, Middle Office, Technology, Front Office and Financial Control etc.) and Product Control peers in other regions, partners with the EMEA Liquidity business and the wider F&BM team (Business Management, Financial Control and Regional Partners) providing effective support and control oversight to help maintain a strong control environment and facilitate business growth.


• Oversights of the monthly Liquidity forecasting process in co-operation with the Liquidity Business Managers and Product partners.


• Coordinates month end close, analysis of revenue drivers, balance sheet movements and linkage of business activity to full financial results providing full and meaningful analysis and explanation of variances with appropriate supporting business drivers.


• Manages the impact to product control of legal entity and regulatory changes for the Liquidity business.


• Supports of the month-end close process in partnership with the Financial Control team (based in Delaware and Mumbai) through review of the EMEA Liquidity balance sheet and P&L including associated investigation and resolution of variances and associated month end issues.


• Plays a role in new and ongoing EMEA Liquidity and finance related BAU projects (Aged Overdraft treatment, Global Liquidity dashboard, enhancing BAU controls for example).


• Is on top of the technology agenda book of work and increasing the regional involvement in global initiatives whilst continuing to improve regional governance and oversight. Challenge existing control operating model and identification of control issues/risks resulting in increased efficiency and implementation of effective control processes.


• Participates in Internal Audit and/or Risk driven product reviews and products deep dives. Also a key participant in new product approvals (NBIA's & Change Managements) from a Finance Control perspective.


• Ensures rigorous compliance with control policies, standards and procedures - e.g. P&L and Risk minimum standards compliance (Risk & P&L sign-off and comprehensive P&L explain), Product Control accountability standards, Tax Transfer Pricing, LE LOB, booking model and SAPCo (GMSA) compliance..


• Takes part in many transformational Liquidity initiatives and projects currently in flight and working closely with the LE Strategy projects team regarding GLASS, Onyx / Blockchain to name but a few.
  
  Qualified or part-qualified accountant (ACA/CIMA/ACCA) with vast experience and strong accounting and double entry skills who can comfortably navigate their way around a product P&L and balance sheet. Applicants qualified by experience will also be considered if they can demonstrate strong accounting skills.


• Proven skills and results in identifying and resolving control and risk management issues that may impact financial results


• Knowledge of Liquidity whilst advantageous, is not essential, but they must have sound commercial acumen and financial services industry awareness and product knowledge across a number of asset classes.


• Prior knowledge of cash accounts, nostros and the cash management process would be beneficial to this role as Liquidity is integral to the smooth operation of cash accounts across JP Morgan


• Candidate must be a confident communicator (verbal, written and listening) who is used to dealing with numerous partners / stakeholders, works well under pressure, priortises, manages time well, manages expectations and anticipate needs appropriately in an environment that can change quickly so they also need to be flexible and adaptable to changing situations.


• Strong control mindset, with an attention to detail who can challenge the status quo, set the agenda, generates ideas and solutions to problems, embraces change and drives it through to completion


• Ability to influence and direct the activities of resources outside of direct control


• Strong interpersonal, communication and team-building skills. Ability to manage several projects and tasks concurrently and still deliver and execute on time is essential


• Proven managerial track record to manage junior and experienced resources


Preferred qualifications, capabilities, and skills

• Knowledge of digital accelerator applications would be of benefit to this role whether it be Alteryx, QlikSense, Tableau, Signavio etc


• experience as a product controller who can bring knowledge and experience to the wider team along with a track record of execution on finance and business deliverables


Product Control is responsible for the overall integrity and accuracy of the financial statements and the overall governance and control of the end to end transaction life-cycle. Product Control is an independent control function responsible for the accuracy and integrity of LOB books and records. This centres on both month end and quarter end close process to ensure the books and records, both income statement and balance sheet are closed appropriately, accurately and reconciled to reported P&L in DRR.

JPM Payments is part of the overall CIB franchise and is a sub-line of business within the Corporate & Investment Bank ("CIB") line of business of the JPM Group. JPM Payments works with a broad range of clients, from large and middle-market corporations to financial institutions, public sector and governments.

J.P. Morgan Payments is a full-service provider of cash management solutions specifically developed to meet the challenges treasury professionals face today. Our steady focus, innovative approach, exceptional service and seamless execution help our clients around the world reduce risk, drive efficiency and capture opportunities in a rapidly shifting landscape.

The business has undergone substantial change over the last few years and is divided into the following 4 sub-lob's:-
1. Liquidity, including Account Services and Escrow
2. Payments and Commerce Solutions
3. Trade Finance and working capital management
4. Global Clearing & Onyx

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

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.

The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.

Global Finance & Business Management works to strategically manage capital, drive growth and efficiencies, maintain financial reporting and proactively manage risk. By providing information, analysis and recommendations to improve results and drive decisions, teams ensure the company can navigate all types of market conditions while protecting our fortress balance sheet.