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Third Party Reporting, Associate

JPMorganChase

JPMorganChase

Hyderabad, Telangana, India
Posted on Thursday, July 11, 2024

Job Description

The JPMorgan Chase Corporate Third Party Oversight (CTPO) group is responsible for developing, deploying, overseeing and ongoing reporting of a program that ensures the effective use of third parties and affiliates to accomplish JPMorgan Chase's strategic goals.

The focus of the program is to ensure our third parties are performing to the same high standards that JPMorgan Chase holds itself accountable to including client service, quality, control, regulatory compliance, business resiliency and protection of information.

CTPO Reporting Utility manages the Outsourcing or Third Party related Reporting across JPMC Legal Entities for entities based in different locations. The scope of this reporting includes submissions to Regulators and Auditors and making sure there are reports that support the Operational teams. Examples of reporting submissions to regulators include Outsourcing Register for PRA, MAS, APRA, ECB and CBI, and Register for Technology related Third Parties for European Supervisory Authorities. This role is within the CTPO Reporting Utility, with responsibilities in 3 areas : Data feeds (Managing the design and development of new or changes to existing feeds), Regulatory & Audit Submissions (Manage the submissions as projects) and Data governance (Support the data accuracy and integrity).

Key Responsibilities:

  • Read and interpret requirements from Regulations, align with the firm’s internal process and data that would meet the regulatory requirements, and document the technical specification for Technology team accordingly
  • Coordinate with technology teams in documenting and agreeing business requirements, test the changes and collaborate with stakeholders for implementation of such Regulatory reports
  • Play a crucial role in projects to submit the reports to the regulators and auditors in the required format, on time with utmost accuracy
  • Support the data governance layer of the CTPO Reporting Utility by maintaining sufficient documentation about controls, data feeds and procedure for submissions
  • Develop controls with the help of technology partners for effective management of the Third Party Risk data and executing controls to make sure that the data in the submission files are of utmost accuracy and integrity
  • Identify and operationalize improvements in the framework (process and tech) for the delivery of Regulatory reporting across JPMC legal entities
  • Collaborate within the CTPO Reporting Utility members based in Europe and UK, and also with wider CTPO team members based across the globe.

Required qualifications, capabilities, and skills

  • Strong business analysis skills including reviewing and interpreting reporting requirements (from regulations) and drafting clear technical specifications for Technology teams
  • Ability to understand the firm’s internal processes for collecting and maintaining data across all the datapoints required by the regulators, and aligning the technical specifications accordingly
  • Ability to coordinate UAT testing of systems and reports to specifications
  • Ability to reconcile large data sets between different reports, identify the gaps in the data and present the summary to senior stakeholders
  • Strong control mindset & attention to detail while performing data governance
  • Strong communication skills – both verbal and written
  • Ability to work on BI-tools such as Alteryx and/or Tableau to develop data governance controls

Preferred qualifications, capabilities, and skills

  • Experience in an investment banking regulatory, compliance or operational team is preferred
  • Prior experience of regulatory reporting or designing reporting solutions is desirable