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.
The CIO Treasury & Corporate (CTC) Oversight & Control group is responsible for several control initiatives and works closely with many areas (i.e. Finance, Risk, Operations, Technology and Business Managers) across CTC.
The group is involved with control initiatives that include, but are not limited to the following:
- Risk and Controls Self-Assessment (RCSA) Program;
- Sarbanes-Oxley (SOX) Control Program;
- Quality Assurance Program;
Specific Roles & Responsibilities
The Quality Assurance Team is responsible for assessing and addressing regulatory and external reporting risks, including validation and enhancement of reporting data integrity.
The candidates must be experienced professionals who possess strong auditing and accounting skills, good knowledge of the banking business, financial instruments and products, and a strong understanding of internal control systems within a financial institution.
The candidate will be responsible for the following:
- Performing testing and evaluation of reported balances and other information (based on transaction nature and underlying client/contractual information)
- Concluding and reporting on noted errors, and recommendations developed, with appropriate action plans and owners
- Performing audit-type testing across CTC functions and processes (to be determined & defined)
- Performing detailed risk and control assessments across CTC functions and processes
- Ensuring appropriate closure of action plans developed in response to previous reported findings
- Establishing and maintaining strong working relationships across CTC businesses and other control groups (i.e., finance, risk management, compliance, legal, etc.)
- Working closely with regional and / or global business and information technology colleagues across CTC as issues emerge and reporting them timely to management and other stakeholders
- Staying current with evolving industry and regulatory changes, and analyze impact to business objectives, processes, and compliance
Broader Department Roles and Responsibilities:
- Internal Control Initiatives including the quarterly management representation letter process and checklist
- Interaction with other CTC Finance Control Programs
- Sarbanes Oxley (SOX) compliance and control program
- Annual planning and review to determine scope and coverage of annual program.
- Risk Assessment review by 10K financial statement line item for both quantitative and qualitative risk factors.
- Reporting, oversight and supervisory review of transactional testing of business controls.
- Ensuring appropriate documentation exists for:
- procedure / flows for key business controls that impact SOX testing
- summary memos for deficiencies identified and issue aggregation memos
- year end memos and program rational documentation
- Quarterly review/analysis of Business & IT controls issues identified by Audit, RCSA and management testing;
- Price Waterhouse Cooper and Internal Audit liaison.
- 2+ years experience in Auditing, Accounting, Internal Control and/or Finance
- BS in Accounting or Finance
- CPA and/or an MBA is preferred
- Strong communication skills (written and verbal)
- Analytical skills and attention to detail
- Working knowledge of Microsoft Office applications
- Ability to work in an evolving environment, manage multiple projects and support a growing business