JPMorgan Chase is Hiring: Financial Controller – Analyst | Finsplitz

Introduction

Are you a finance or accounting professional with a keen eye for detail, a strong analytical mind, and a passion for ensuring financial integrity? JPMorgan Chase, a global financial services leader, is actively seeking talented Financial Controller – Analysts to join its robust finance teams in India, primarily in major financial hubs like Mumbai and Bengaluru. This pivotal role is responsible for maintaining the accuracy and timeliness of the firm’s financial records, impacting critical business decisions and regulatory compliance. If you possess a solid understanding of accounting principles, exceptional problem-solving skills, and a drive to contribute to a world-class financial institution, JPMorgan Chase offers an unparalleled environment for professional growth and making a significant impact.

Roles and Responsibilities

As a Financial Controller – Analyst at JPMorgan Chase, you will be a vital part of the Global Finance & Business Management team. Your responsibilities will primarily revolve around maintaining the firm’s books and records, ensuring the integrity of financial reporting, and supporting various lines of business. Key duties typically include:

• Balance Sheet and General Ledger Control: Primarily focusing on ensuring the accuracy, integrity, and timeliness of the firm’s books and records, with an emphasis on general ledger (GL), operating systems, and infrastructure controls across the entire lifecycle of the business. This includes balance sheet reconciliation, substantiation, and General Ledger Reconciliation and Substantiation (GLRS) reporting and governance.
• Financial Reporting: Contributing to the month-end close process and coordination, preparing and reviewing financial statements across different J.P. Morgan legal entities and geographies. This involves ensuring adherence to Profit & Loss and Balance Sheet controls.
• Inter-Entity Control: Managing intercompany eliminations and ensuring inter-entity control and governance, which is a key component of the financial consolidation process.
• Issue Resolution: Researching, escalating, and clearing exceptions to the general ledger and other interfacing systems in a timely manner to ensure data integrity. Proactively identifying process and/or infrastructure enhancements and working with stakeholders to enact change.
• Regulatory Adherence: Ensuring adherence to various regulatory reporting requirements, including US GAAP and/or IFRS standards.
• Collaborative Partnership: Working closely with various line of business controllers, middle office, business managers, technology, and operations teams to understand end-to-end trading activities, booking models, product configurations, and trade economics.
• Ad-hoc Analysis: Contributing to the production of monthly financial reports and handling ad-hoc requests for financial information from across the firm.
• Control Enhancement: Performing various control procedures to ensure the integrity of reported financial results and enhancing the overall control environment around the financial reporting function.

Salary and Benefits

JPMorgan Chase offers a highly competitive salary and a comprehensive benefits package for Financial Controller – Analysts in India, aligning with its position as a top-tier financial institution.

• Competitive Base Salary:
  • For Analysts (including Financial Controller – Analyst roles) with 0-2 years of experience, the average annual total compensation in India generally ranges from ₹12 lakhs to ₹17 lakhs per annum. This includes base salary, and typically a performance-based bonus.
  • Some specific reports for “Analyst” at JPMorgan Chase in India indicate an average of ₹17.2 lakhs per annum, mostly ranging from ₹15.5 lakhs to ₹37.0 lakhs, based on various roles within the ‘Analyst’ tier.
  • For fresh graduates, a total CTC (Cost to Company) could start from around ₹12 lakhs to ₹15 lakhs per annum, depending on the specific team and city.
• Performance-based Incentives: A significant component of the total compensation includes performance bonuses, which are tied to individual, team, and firm performance.
• Health and Wellness: Comprehensive medical benefits for employees and their families, including medical, dental, vision, and insurance programs. This often includes mental health care, comprehensive prescription drug coverage, and wellness programs with free flu shots and health screenings.
• Financial Health: Benefits designed to enhance employees’ financial well-being at every stage of life, including retirement savings plans and other financial resources.
• Family Support: JPMorgan Chase supports employees through various family stages, offering generous paid parental leave (e.g., 16 weeks of paid leave for birth or adoption for all parents).
• Career Development: The firm is deeply invested in employee growth and offers extensive career development opportunities:
  • On-the-job Experience: Active contribution to a best-in-class team, gaining hands-on experience in financial control, analysis, and reporting.
  • Training Programs: Robust training in finance and business management practices, accounting methods, and advanced Excel skills taught by internal and external professionals.
  • Career Progression: Highly motivated Analysts are on track for increased responsibilities and opportunities for vertical and horizontal movement within the firm across various business areas and geographic locations (e.g., to Associate, Vice President roles).
  • Mentorship: Opportunities to work alongside and be mentored by top-tier finance professionals.
• Community Engagement: Employees often receive paid time off annually to volunteer in their communities, supporting the firm’s philanthropic mission.

Eligibility Criteria

JPMorgan Chase seeks highly motivated, analytically strong, and detail-oriented individuals with a solid academic background in finance or accounting. Typical eligibility criteria for Financial Controller – Analyst roles include:

• Educational Qualification: A Bachelor’s degree in Accounting, Finance, Commerce, Business Administration, or a related business field.
  • For specific roles, qualifications like Chartered Accountant (CA) or MBA (Finance) are highly preferred, often with 0-1 year of relevant experience post-qualification.
• Experience: Primarily for fresh graduates (0 years of experience) or candidates with 1+ year of accounting, finance, or relevant industry experience. Internships in financial services are highly valued.
• Key Technical Skills:
  • Accounting & Financial Knowledge: Strong understanding of financial statements (Income Statement, Balance Sheet, Cash Flow), accounting procedures, internal and external reporting, and variance analysis. Basic understanding of financial instruments (securities, derivatives) and accounting concepts is often required.
  • GAAP/IFRS: Basic knowledge of industry standards and regulations, particularly US GAAP and/or IFRS standards.
  • Microsoft Office Suite: Proficient desktop skills, especially advanced Excel skills (pivot tables, VLOOKUPs, financial modeling), and proficiency in other MS Office applications (Word, PowerPoint).
  • Database Skills: Basic understanding of database concepts and potentially tools for data extraction or analysis.
  • Data Flow Comprehension: Ability to understand/comprehend data flows and their impacts across ledger, risk management systems (RMS), and reporting systems, along with their interrelationships and dependencies.
• Soft Skills:
  • Strong Analytical Skills: Ability to quickly understand complex processing systems and general ledger systems, perform root cause analysis, and identify opportunities for efficiency.
  • Exceptional Attention to Detail: Meticulousness in handling financial data and ensuring accuracy.
  • Problem-Solving Skills: Strong organizational and problem-solving skills, with the ability to critically challenge assumptions and identify control issues.
  • Communication Skills: Proficient verbal and written communication skills to liaise effectively with various stakeholders, including business partners, risk managers, and operations teams, both onshore and offshore.
  • Proactive & Self-Motivated: Enthusiastic, self-motivated, resourceful under pressure, strong interest in learning, and willing to take accountability.
  • Partnership Building: Ability to build strong partnerships across various stakeholder groups.
  • Adaptability: Ability to multi-task in a constantly changing environment.

Application Process

Ready to join one of the world’s leading financial institutions? Here’s how to apply for a Financial Controller – Analyst position at JPMorgan Chase:

1. Online Application: Visit the official JPMorgan Chase Careers website (www.jpmorganchase.com/careers) or reputable job portals like LinkedIn, Built In, or Prosple. Search for “Financial Controller – Analyst” or similar finance analyst roles in India.
2. Resume Submission: Submit a well-crafted resume that clearly highlights your academic achievements, relevant coursework (e.g., in accounting, financial modeling), internships, and any project experience demonstrating your analytical skills and attention to financial detail. Quantify your accomplishments where possible.
3. Initial Screening: If your qualifications align with the role, a recruiter will conduct a brief phone or virtual call to discuss your background, interest in the role, and general fit.
4. Online Assessment (If Applicable): For some roles, candidates may be asked to complete online assessments. These could include numerical reasoning tests, logical reasoning tests, or basic accounting/finance knowledge assessments.
5. Interview Scheduling: Candidates who successfully clear the initial stages will be invited for subsequent interview rounds.

Interview Process

The interview process for a Financial Controller – Analyst at JPMorgan Chase is comprehensive, designed to assess your technical knowledge, analytical abilities, problem-solving skills, and alignment with the firm’s culture and Leadership Principles. It typically involves multiple rounds, often culminating in a “Super Day” for final candidates.

• Technical Interview(s) (1-2 rounds): These rounds focus heavily on your core finance and accounting knowledge.
  • Accounting Concepts: Questions on journal entries, debits/credits, financial statements (how they link, specific line items), reconciliation processes, revenue recognition, expense accruals, and differences between GAAP/IFRS.
  • Financial Instruments: Basic understanding of securities, derivatives, and how they are accounted for.
  • Excel Skills: You might be asked practical Excel questions or hypothetical scenarios requiring you to explain how you would use Excel functions (VLOOKUP, pivot tables, SUMIFS) for data analysis or reconciliation.
  • Valuation/Modeling (basic): For some roles, very basic questions on financial modeling or valuation might come up, but less in-depth than for an Investment Banking Analyst role.
  • Problem-Solving: Presenting a financial scenario or data anomaly and asking how you would investigate and resolve it.
• Managerial Interview: This round typically involves the hiring manager or a senior leader from the finance team. They will assess your understanding of the financial control function, your approach to problem-solving, your ability to manage deadlines, and your communication skills. Behavioral and situational questions are common.
• Behavioral Interview / HR Round (often integrated into other rounds or a separate final round): This round assesses your soft skills, cultural fit, and alignment with JPMorgan Chase’s 16 Leadership Principles (e.g., Client Obsession, Ownership, Deliver Results, Learn and Be Curious, Build Partnerships). Be prepared to answer questions using the STAR method (Situation, Task, Action, Result).
  • “Tell me about a time you had to deal with an ambiguous situation or incomplete information.”
  • “Describe a complex problem you solved and how you approached it.”
  • “How do you ensure accuracy and attention to detail in your work?”
  • “Why are you interested in financial control specifically?”
  • “Why JPMorgan Chase?” (Demonstrate research into the firm’s business, values, and recent news.)
  • “How do you handle working under pressure or tight deadlines?”

Throughout the interview process, showcase your strong analytical mindset, meticulous attention to detail, clear and articulate communication, and a proactive attitude. Demonstrating a genuine interest in financial markets and the firm’s operations will significantly enhance your candidacy.

Conclusion

Joining JPMorgan Chase as a Financial Controller – Analyst provides an exceptional foundation for a rewarding career in financial services. You will be at the heart of ensuring the financial health and integrity of one of the world’s most influential banks, gaining invaluable experience and access to unparalleled growth opportunities. If you are a driven finance or accounting professional ready to take on a challenging and impactful role, explore the Financial Controller – Analyst openings at JPMorgan Chase today!