Join our External Reporting team within the Capital Reporting Regulatory department of Finance, which is a service-orientated business comprised of specialised individuals with knowledge and expertise in understanding, managing and delivering financial information to our regulators.
As a Regulatory Capital External Reporting Associate within the External Reporting team, you will be interacting with multiple lines of business and internal stakeholders while continuously learning within the Regulatory Capital Reporting space. You will liaise with various teams, including but not limited to: Statutory accounts team, FINREP team, line of business finance teams, Operations, Treasury, Audit, Legal Entity Control teams, as well as working on requests from External Audit and the Regulators on an ad-hoc basis. You will be responsible for reconciling all the regulatory returns across capital reporting and submitting them to the regulator on a quarterly basis. You are not expected to do daily or weekly internal reporting, you will be doing external reporting on a quarterly basis.
Job responsibilities
- Preparing quarterly and biannual returns for the UK solo regulated entities and their associated UK consolidation groups
- Producing quarterly IFPR regime MIF returns for 3 UK entities, calculating K factors and capital requirement, preparation and presentation of IFPR management pack and submission of final returns to the FCA producing quarterly COREP regulatory returns, which are not specific to either Credit or Market risk, namely: CA1-2-3-4: Own funds, Risk weighted Assets, capital Ratios, Capital Deductions and C16-17 Operational risk and losses Interpreting published statutory accounts, financial reporting returns to compute own fund calculations
- Preparing resubmission packs after the yearly published statutory accounts and helping in executing resubmission process, signoff meetings, variance analysis etc.
- Performing analysis and challenging regulatory capital drivers and key variances, including liaising with line of business reporting, and provide commentary
- Maintaining the control standards adhering to firm wide and local controls around User Tools, adjustments and tracking of data/architecture issues
- Understanding the reporting model infrastructure and implementing streamlined process solutions towards a more efficient reporting model
- Being involved in other non-BAU tasks, such as projects and policy matters that impact the capital requirement
- Addressing internal and external Audit requests, as well as from the regulators
- Partnering with Projects team in implementation of any system related changes
Required qualifications, capabilities and skills
- Degree qualification, accountancy qualification or qualification by experience with Financial Services industry
- Degree qualification and either accountancy qualification or qualification by experience with Financial Services industry
- Familiarity with current Capital regulations and reporting requirements (COREP / IFPR)
- General accounting, reconciliation and finance knowledge from a Regulatory environment
- Strong interpersonal and team working skills
- Self-motivated and able to work with minimal supervision
- Strong analytical and problem solving skills
- Flexibility to work under pressure to meet changing work requirements and strict deadlines
- Ability to communicate effectively at all levels
- Strong attention to detail
Preferred qualifications, capabilities and skills
- Axiom user experience
- Alteryx knowledge / experience
- Familiarity with FRTB rules and requirements
- Familiarity with Basel 3.1 changes
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.
ABOUT THE TEAM
J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.