At a Glance
- Tasks: Manage trading-related expenses and improve payment processes with innovative solutions.
- Company: Join J.P. Morgan's dynamic Cost and Commission Services team.
- Benefits: Competitive salary, career growth, and opportunities to work with cutting-edge technology.
- Why this job: Make a real impact on financial processes while collaborating globally.
- Qualifications: Experience in banking, strong analytical skills, and proficiency in data tools.
- Other info: Exciting chance to leverage AI for process improvement and operational efficiency.
The predicted salary is between 36000 - 60000 £ per year.
Exciting opportunity to join the Cost and Commission Services team and grow your career as a Payment Lifecycle Manager. As a Payments Lifecycle Manager Senior Associate in the Cost & Commission Services (CCS) group, you will be a part of a group of specialized individuals focused on managing JP Morgan's annual trading-related expenses, including commissions and receivables. You will be responsible for reviewing end to end processes, implementing robust controls, documentation and improving efficiency relating to the management of trading expenses. You will have the opportunity to work with global functions and stakeholders, using your influence to contribute to key areas of importance such as payment processes and controls, savings initiatives, reconciliations, cost accruals and allocations.
The Cost and Commission Services (CCS) group plays a pivotal role in managing J.P. Morgan's annual trading-related expenses, including commissions and receivables. Key CCS responsibilities include the business design and build-out of the technology strategy and infrastructure required to calculate global cross-asset class execution costs, covering the end-to-end trade lifecycle. The team also facilitates transparency and analytics, accurate financial allocation, invoice reconciliation and substantiation, as well as cost reduction strategies.
Job responsibilities:
- Review and document CCS Operating Models and procedures with a focus on controls.
- Partner with CCS process owners and supporting stakeholders to identify control gaps and create plans to address areas of risk.
- Create and manage a suite of documentation detailing CCS span of control.
- Partner with Operations Risk & Control Management to ensure adherence to firm-wide guidelines.
- Document project progress and present to global stakeholders.
- Collate metrics to measure, mitigate, monitor and report risk.
- Identify areas of inefficiency for process improvement and support the change management agenda.
- Seek out opportunities to leverage AI to enhance and remove operational risk from processes.
- Understand stakeholder requirements and create Strategic & Tactical solutions to solve the problem using automation & AI tools.
Required qualifications, capabilities and skills:
- Experience within a banking organization or a similar financial services institution.
- Experience managing controls and documenting processes.
- Intermediate / Advanced analytical skills with proficiency in MS Office (Excel, PowerPoint, Projects).
- Track record of business analysis, project management and partner engagement skills.
- Alteryx, Python and Tableau experience required.
- Business Analyst skillset, with strong analytical, interpersonal, oral and written communication skills.
- Skillful at evaluating and improving processes, synthesizing information to reach logical conclusions and documenting and presenting findings.
- Self-motivation and ability to work with minimal supervision within a team structure.
- Minimum Bachelor’s Degree or equivalent required.
Preferred qualifications, capabilities and skills:
- Audit experience desirable.
- Experience with executing Transformation and/or Change Management initiatives beneficial.
- Knowledge of the trade and execution cost lifecycle beneficial.
- Knowledge of the software delivery lifecycle beneficial.
- Knowledge of trading flows beneficial.
Payment Lifecyle Manager Senior Associate employer: Jpmorgan Chase & Co.
Contact Detail:
Jpmorgan Chase & Co. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Payment Lifecyle Manager Senior Associate
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and banking sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their payment processes and controls, and think about how your skills in analytics and process improvement can add value. Practice common interview questions and have your own questions ready to show your interest.
✨Tip Number 3
Showcase your skills with a portfolio! If you’ve worked on relevant projects, create a presentation or document that highlights your achievements in managing controls and improving processes. This will give you an edge and demonstrate your capabilities effectively.
✨Tip Number 4
Don’t forget to apply through our website! We’re always looking for talented individuals like you to join our team. Keep an eye on our job postings and make sure your application stands out by tailoring it to the specific role you’re interested in.
We think you need these skills to ace Payment Lifecyle Manager Senior Associate
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Payment Lifecycle Manager role. Highlight your experience in managing controls and documenting processes, as well as any relevant analytical skills. We want to see how your background aligns with what we're looking for!
Showcase Your Skills: Don’t forget to showcase your proficiency in tools like Alteryx, Python, and Tableau. If you've got experience with MS Office, especially Excel, make it pop! We love seeing candidates who can leverage technology to improve processes.
Be Clear and Concise: When writing your application, be clear and concise. Use bullet points where possible to make it easy for us to read. We appreciate straightforward communication, especially when it comes to complex topics like trading expenses and controls.
Apply Through Our Website: Finally, make sure to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. We can’t wait to see what you bring to the table!
How to prepare for a job interview at Jpmorgan Chase & Co.
✨Know Your Numbers
As a Payment Lifecycle Manager Senior Associate, you'll be dealing with trading-related expenses. Brush up on your financial metrics and be ready to discuss how you've managed costs in previous roles. This shows you understand the importance of financial oversight.
✨Showcase Your Analytical Skills
With a focus on improving efficiency and managing controls, be prepared to share specific examples of how you've used analytical tools like Alteryx or Tableau. Highlight any projects where your analysis led to significant process improvements.
✨Understand the Bigger Picture
Familiarise yourself with J.P. Morgan's operations and the role of the Cost and Commission Services team. Being able to articulate how your role fits into the larger organisational goals will demonstrate your strategic thinking and alignment with their objectives.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving abilities, especially around risk management and process improvement. Think of scenarios where you've identified control gaps or inefficiencies and be ready to discuss your approach to resolving them.