JPMorgan Chase Corporate Finance - Finance & Risk CFO Operations - Senior Associate in Jersey City, New Jersey
Finance and Risk Operations is a global team within the Firm wide Finance and Risk CFO Organization, monitoring the timeliness, accuracy and completeness of data used for Credit and Liquidity risk management and reporting. The team designs, implements and operates controls to manage the data flow, and identifies data quality issues for remediation. Finance and Risk Operations works closely with various internal partners within all lines of business, as well as other group functions including Risk Reporting, Risk Policy, Regulatory Risk, Risk Middle Office, Business Middle Offices, Control & Oversight and the Firm wide Data Quality Team.
The Finance and Risk Operations team is seeking a strong Senior Associate level professional candidate for the Change-Management Team, based in Newport, NJ. The individual will be primarily responsible for testing and implementation of reconciliation and controls around new single sourced data into Common Framework database. The candidate will leverage existing processes in place for Credit and Liquidity risk, and expand/optimize to create new integrated process/operating model. The role will initially have significant interaction with technology and projects teams, as well as existing reconciliation and functional production teams. As the new process evolves and pre-existing ones are retired, the team will perform the reconciliation processes in production.
Primary SME contact for strategic projects and technology teams representing Finance and Risk Operations (define all business requirements).
Partner with existing Credit and Liquidity risk operations teams to learn reconciliation and adjustments processes and identify strengths/weaknesses for consideration towards improved process on new framework.
Escalate data quality issues for remediation
Strengthen and maintain strong relationships between data suppliers as well as data consumers
Provide metrics/MI to senior management to measure the project development, as well as overall health of risk data flows
Partner with projects team to support all infrastructure development and testing
Support Business Management team to maintain adequate documentation of all procedures and controls
Represent Finance and Risk Operations in various control forums
Develop a firm understanding of existing products being serviced and reviewed for data accuracy and completeness.
Analyze all operating model issues attributed to both data quality matters and GL reconciliation issues.
Initiate and lead working groups to close Finance & Risk Warehouse (FRW) operating model gaps identified during BAU operations.
Gather information on data quality investigations, and provide support to the operations team to trigger both tactical and strategic resolutions.
Partner with regional leadership team to identify and solve resource gaps, highlight and resolve barriers.
Develop internal controls and procedures to ensure that all operating model issues are being escalated and exposed to all FRW stakeholders.
Conduct operational readiness exercises to ensure operations is prepped and able to absorb any operating model changes.
Provide frequent FRW operating model updates in the form of scorecards, metrics, and leadership forums.
Bachelor’s Degree required ( Engineering, Finance, or Business degree preferable)
Sound knowledge of varied financial products suites, especially Derivatives and Securities.
Excellent written and verbal communications, clearly communicate complex topics at all organizational levels.
Problem solving and decision-making skills.
Demonstrated proficiency in MS Office products, i.e., Word, Excel, PowerPoint, Outlook and Visio
Experience with MS Access and Business Objects is a plus but not required.
Ability to multi-task, work well under pressure and commitment to deliver under tight deadlines
Strong creative and time management skills.
Professional attitude and strong team player.
Analytical and methodical problem solving skills.
CPA/CFA preferred but not required
5 - 7 years’ overall experience in financial services operations capacity.
5 - 7 years’ experience in developing, rolling out, and stabilizing operating models in the financial services industry.
Strong team player able to work with all levels of employees.
Self – motivated and able to work independently with minimal supervision.
Collaborative working style
Familiarity with Derivatives, Cash Securities and or Traditional Credit Products or trading/settlement applications desirable.
Experience in Financial Operations and/or Middle Office and knowledge of the Credit, Finance and/or Regulatory Reporting.
Project Management Skills
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.