Cib- Digital

4 weeks ago


Mumbai, India JPMorgan Chase Bank, N.A. Full time

**About the Employer**

**Global Finance & Business Management ("GF&BM") India **is a combined LOB-aligned (Line of Business-aligned) finance & business support team located in India and is part of JPMorgan's global capability center (GCC). We are part of the Office of the CFO (OCFO) organization within JPMorgan, which has 13000+ people across the globe, majority of whom are tasked with managing the firm's Finance function, responsible for reporting quarterly earnings and complying with regulatory requirements along with managing the firm's capital.

GF&BM India was established in September 2002 and currently we have a network of more than 3400+ professionals based out of our Mumbai, Bengaluru and Hyderabad offices who support four main "pillars" of work - Controllers, Planning & Analysis, Finance Operations and Business Client & Products. The teams in India are aligned to the respective LOBs that they support which include Corporate and Investment Banking (CIB), Commercial Banking (CB), Consumer and Community Banking (CCB), Asset & Wealth Management (AWM) and Corporate/Firmwide functions.

We have a strong culture that embodies the principles that guide us in how we do business across the firm. We strive to create a workplace that values and respects individual viewpoints, while at the same time challenging the status quo to make continuous improvements in our processes.

JPMorgan is an equal opportunity employer and places high value on diversity and inclusion. We recognize that our people are our strength and diversity of thought and practices makes us more successful.

**The current opening is within the CIB Unit Costing in Mumbai which forms part of the CIB Line of business within GF&BM India.**

**About the Team**

**LOB Description**

The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.

Global Finance & Business Management works to strategically manage capital, drive growth and efficiencies, maintain financial reporting and proactively manage risk. By providing information, analysis and recommendations to improve results and drive decisions, teams ensure the company can navigate all types of market conditions while protecting our fortress balance sheet.

**Team Description**

The CIB Unit Costing Team is a strategic function, responsible for developing and implementing unit costs for the Payments and Securities Services businesses by employing an Activity Based Costing methodology.

The unit rates developed drive commercial deal pricing as well as client profitability analytics. In addition, our output is leveraged for allocations and productivity initiatives evaluations. The team develops a comprehensive understanding of the cost components and business dynamics through collaboration with various stakeholders.

**About the Role**

**Primary Responsibilities**:
Specifically for this requisition, the responsibility will be within the Unit Costing Modelling and reporting team; working closely with the Unit Costing product leads. The key deliverables across unit costing are mobilized through the continuous automation and modelling efforts, making this role a significant contributor to our long term strategy for efficient and consistent service delivery to Product/Pricing/F&BM/Ops/Tech stakeholders.

**Key responsibilities **would include:

- Collaborate with the Unit Costing team on the transformation agenda that has been agree with the business CFO's
- Coordination within the Unit costing Modelling and Reporting team to leverage tools like Alteryx / SQL etc. to unlock efficiencies in processes and costing study refreshes
- Leverage their technical skills whilst developing an understanding of the financial hierarchy, business / product structure, cost objects and the Activity Based Costing (ABC) principles
- Consolidate, perform quality control checks and streamline data sourced from various systems such as relational databases, spreadsheets, and text files
- Create models transforming accounting data (HC, Expenses, Volumes) into meaningful information for management reporting, pricing and product management teams

**Key Requirements/Skills:
- Must have knowledge of Excel formulae, basic knowledge of SQL and data transformation concepts.
- Must have experience working on ETL Tools such as Alteryx / Qlikview / SAS Enterprise Guide.
- Basic Python, SAP, Cognos, Tableau skills a plus

General Requirements/Skills:

- 3+ years of relevant financial services experience, with finance and/or operations experience an advantage
- Strong work ethic, willingness to learn and a self-starter who is able to research issues/problems and develop solutions with the team
- Demonstrates strong communication skills



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