LEC- Analyst

Location: Bengaluru, Karnataka, India

Job Family: Controller

About the Role

At JP Morgan Chase, we are building a world-class Controller organization that drives innovation and excellence in financial services. As a LEC Analyst in our Bengaluru office, you will play a pivotal role in capturing and analyzing loss events to support robust risk management and regulatory compliance. This position within the Controller category offers an exciting opportunity to contribute to the bank's global operations, leveraging cutting-edge tools and collaborating with diverse teams in one of the most dynamic financial hubs in India. Join us to advance your career in a culture that values creativity, integrity, and high performance. Your primary focus will be on identifying and documenting loss events across various business lines, ensuring accurate reconciliation of financial data, and providing actionable insights to mitigate risks. You will work closely with stakeholders in finance, risk, and operations to uphold JP Morgan Chase's stringent control standards, while adhering to international regulations like Basel III. This role demands a keen eye for detail and the ability to navigate complex datasets, contributing directly to the bank's reputation as a leader in secure and innovative banking solutions. In this position, you will have access to unparalleled professional growth opportunities, including mentorship from industry experts and exposure to advanced financial technologies. JP Morgan Chase fosters an inclusive environment where your contributions can shape the future of global finance. If you are passionate about controller functions and eager to make an impact in a prestigious institution, this role in Bengaluru will propel your career forward while allowing you to thrive in a supportive, high-achieving team.

Key Responsibilities

• Identify, capture, and report loss events in accordance with JP Morgan Chase's LEC framework to ensure accurate risk assessment
• Perform reconciliations of financial data across multiple systems and resolve discrepancies to maintain data integrity
• Conduct root cause analysis on identified issues and recommend process improvements for controller functions
• Collaborate with cross-functional teams including finance, risk, and compliance to support regulatory reporting
• Develop and maintain documentation for LEC processes, ensuring compliance with internal policies and external regulations
• Analyze trends in loss events to provide insights for senior management and contribute to risk mitigation strategies
• Support audits and examinations by preparing detailed reports and responding to inquiries
• Utilize financial software and tools to automate reporting and enhance efficiency in controller operations
• Monitor key control indicators and escalate potential risks to prevent financial losses
• Participate in training and knowledge-sharing sessions to uphold best practices in the Controller organization

Required Qualifications

• Bachelor's degree in Finance, Accounting, Economics, or a related field
• 2-4 years of experience in financial reporting, reconciliation, or control functions within the financial services industry
• Strong understanding of accounting principles (GAAP/IFRS) and regulatory requirements
• Proficiency in Microsoft Excel and financial modeling tools
• Ability to analyze complex financial data and identify discrepancies
• Excellent attention to detail and problem-solving skills
• Willingness to work in a fast-paced, global environment

Preferred Qualifications

• CPA, CA, or equivalent certification
• Experience in banking or investment services, particularly in Loss Event Capture (LEC) processes
• Knowledge of JP Morgan Chase's internal control frameworks and risk management practices
• Familiarity with data analytics tools like SQL or Python
• Prior exposure to operational risk reporting in a multinational financial institution

Required Skills

• Financial analysis and reconciliation expertise
• Knowledge of GAAP/IFRS accounting standards
• Proficiency in Excel for data manipulation and reporting
• Understanding of operational risk and loss event management
• Strong analytical and problem-solving abilities
• Attention to detail in handling financial data
• Effective communication for cross-team collaboration
• Regulatory compliance awareness in banking
• Time management in deadline-driven environments
• Basic SQL or data querying skills
• Adaptability to evolving financial technologies
• Team-oriented mindset for global projects
• Report writing and presentation skills
• Risk assessment and mitigation techniques
• Process improvement and automation aptitude

Benefits

• Competitive base salary and performance-based bonuses aligned with financial services standards
• Comprehensive health, dental, and vision insurance coverage for employees and dependents
• Retirement savings plan with generous company matching contributions
• Paid time off including vacation, sick leave, and parental leave policies
• Professional development opportunities through JP Morgan's internal training programs and tuition reimbursement
• Employee wellness programs including gym memberships and mental health support
• Global mobility options and career advancement paths within the world's leading financial institution
• Stock purchase plan and other financial perks tailored to the banking industry

JP Morgan Chase is an equal opportunity employer.