Analyst – External Reporting Quality Assurance 2 views

EXTERNAL REPORTING QUALITY ASSURANCE – ANALYST

Business Description
J.P. Morgan is a global leader in asset and wealth management services. The Asset & Wealth Management (“AWM”) line of business serves institutional, ultra high net worth, high net worth and individual clients through its Asset Management (“AM”) and Wealth Management (“WM”) businesses. With client assets of $2.8 trillion and assets under management of $2.0 trillion, we are one of the largest asset and wealth managers in the world.AM business offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. WM business provides trust and estate, banking, and brokerage services to high net worth clients, and retirement services for corporations and individuals.

The AWM Finance group is responsible for all aspects of finance for the AWM business, supporting both AM and WM businesses, globally. The Internal Control & Program Management group is part of AWM Finance and is responsible for several control initiatives and works closely with many support functions across AWM. The group manages the following control initiatives:

  • External Reporting Quality Assurance (“ERQA”)

  • Sarbanes-Oxley (SOX) Program

  • CCAR CFO Attestation Program

  • Resolution and Recovery Planning Program Management

  • Legal Entity Structure / Reg W Control Program

  • Coordination and documentation of AWM’s quarterly Management Representation Letter and Control Affirmation process

  • Roles & Responsibilities for ERQA

  • The candidate will participate in audit type reviews of financial regulatory reports to ensure they are in compliance with the regulatory requirements. The candidate will ensure the financial integrity of the regulatory reports by conducting risk based examinations, data integrity reviews, operational reviews and various special projects.

  • The candidate will be responsible for the following tasks:

  • Perform testing of controls against a risk based strategy which includes participating in walkthroughs, documenting process flows, requesting information from process owners, collecting evidence, executing test steps, participating in status updates with business owners to share progress and working with the team lead to consolidate results;

  • Maintain accurate and complete documentation and follow-up on items through completion;

  • Contribute ideas to strengthen internal controls and improve operational efficiency;
  • Track the status of action plans and their remediation by process owners;
  • Contribute to accurate management reporting; and

  • Stay current with evolving industry and regulatory changes, analyzing their impact to business objectives, processes, and compliance


    Experience & Skill Set

  • 1 to 3 years’ experience in Auditing, Accounting, Internal Control and/or Finance;

  • Strong background in and/or familiarity with the Financial Services Industry;
  • BS in Accounting or Finance; CA/ CPA Preferred
  • Working knowledge of operational risks and controls;

  • Strong skills in time management, problem solving, written and oral communication;

  • Works well individually and in teams, shares information and supports colleagues;

  • Ability and desire to learn quickly, be flexible, and think strategically;

  • Self-motivated and willingness to take ownership of a project; and

  • Working knowledge of Microsoft Office applications.
  • EXTERNAL REPORTING QUALITY ASSURANCE – ANALYST

    Business Description
    J.P. Morgan is a global leader in asset and wealth management services. The Asset & Wealth Management (“AWM”) line of business serves institutional, ultra high net worth, high net worth and individual clients through its Asset Management (“AM”) and Wealth Management (“WM”) businesses. With client assets of $2.8 trillion and assets under management of $2.0 trillion, we are one of the largest asset and wealth managers in the world.AM business offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. WM business provides trust and estate, banking, and brokerage services to high net worth clients, and retirement services for corporations and individuals.

    The AWM Finance group is responsible for all aspects of finance for the AWM business, supporting both AM and WM businesses, globally. The Internal Control & Program Management group is part of AWM Finance and is responsible for several control initiatives and works closely with many support functions across AWM. The group manages the following control initiatives:

  • External Reporting Quality Assurance (“ERQA”)
  • Sarbanes-Oxley (SOX) Program
  • CCAR CFO Attestation Program
  • Resolution and Recovery Planning Program Management
  • Legal Entity Structure / Reg W Control Program
  • Coordination and documentation of AWM’s quarterly Management Representation Letter and Control Affirmation process
  • Roles & Responsibilities for ERQA

  • The candidate will participate in audit type reviews of financial regulatory reports to ensure they are in compliance with the regulatory requirements. The candidate will ensure the financial integrity of the regulatory reports by conducting risk based examinations, data integrity reviews, operational reviews and various special projects.
  • The candidate will be responsible for the following tasks:
  • Perform testing of controls against a risk based strategy which includes participating in walkthroughs, documenting process flows, requesting information from process owners, collecting evidence, executing test steps, participating in status updates with business owners to share progress and working with the team lead to consolidate results;
  • Maintain accurate and complete documentation and follow-up on items through completion;
  • Contribute ideas to strengthen internal controls and improve operational efficiency;
  • Track the status of action plans and their remediation by process owners;
  • Contribute to accurate management reporting; and
  • Stay current with evolving industry and regulatory changes, analyzing their impact to business objectives, processes, and compliance

    Experience & Skill Set

  • 1 to 3 years’ experience in Auditing, Accounting, Internal Control and/or Finance;
  • Strong background in and/or familiarity with the Financial Services Industry;
  • BS in Accounting or Finance; CA/ CPA Preferred
  • Working knowledge of operational risks and controls;
  • Strong skills in time management, problem solving, written and oral communication;
  • Works well individually and in teams, shares information and supports colleagues;
  • Ability and desire to learn quickly, be flexible, and think strategically;
  • Self-motivated and willingness to take ownership of a project; and
  • Working knowledge of Microsoft Office applications.
  • Only candidates can apply for this job.
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