business manager New York, NY
Job description
The Vice President role provides a unique opportunity to interact with multiple lines of business and internal stakeholders while analyzing the business drivers of JPMCB and other LEs. The ideal candidate has a strong understanding of financial drivers in Banking and demonstrates proficiency in banking capital, financial analysis, synthesis, and collaboration.
The Bank P&A function is responsible for financial forecasting, reporting and capital monitoring for the Consolidated Lead Bank (JPMCB) and other LEs. Responsibilities include:
- Analytical review of financial results in BAU forecast and stress exercises from bi-weekly forecast and Budget through the most severe economic projections (CCAR/DFAST; Recovery and Resolution (R&R))
- Analysis and recommendations regarding the amount and timing of the regular Bank dividend to the parent company
- Reporting to senior management, the Board, and key U.S. regulatory agencies
- Partnership with Capital Planning & Analysis, Capital Policies, and Capital Risk Management in review and challenge of Bank financial presentation and capital plans
Job responsibilities:
- Analyzing recurring legal entity financial forecasts and describing key business drivers and focus areas for both BAU and Stress forecasts
- Partnering with Treasury, Capital Policy, and Firmwide/Capital Planning & Analysis teams to ensure robust capital planning, including the calibration of capital plans and targets
- Preparing and reviewing monthly & quarterly senior management and regulatory reports before distribution
- Supporting the Bank’s Recovery & Resolution Plans, including detailed review and challenge of pro forma financial analyses
- Identifying operating efficiencies and automation solutions that benefit team productivity
Required qualifications, capabilities, and skills
We recognize that you may not have specific work experience related to legal entities but that does not mean you don’t possess the skills to be successful in this role. Our teams are committed to training and coaching new members to ensure that they are successful in the role. As a guideline, we are looking for a candidate with the following qualifications:
- Bachelor’s degree in Accounting, Finance, or related business field
- 5-7 years finance/accounting related experience
- Strong Excel and PowerPoint skills, self-initiative and attention to detail
- Excellent analytical, critical thinking, and problem-solving skills
- Ability to build strong cross-business and cross-functional relationships
- Experience managing multiple, concurrent workstreams with a sense of urgency
- Strong communication skills (written and verbal) and intellectually curious
Preferred qualifications, capabilities, and skills
- Experience with planning/forecasting, experience with capital/RWA is a plus
- Broad knowledge of US Regulatory Capital rules is a plus
- Some experience managing or supervising junior staff
JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm’s current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm’s vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, discretionary incentive compensation which may be awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
ABOUT THE TEAM
