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 controlsPartner 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 controlPartner with Operations Risk & Control Management to ensure adherence to firm-wide guidelinesDocument project progress and present to global stakeholders Collate metrics to measure, mitigate, monitor and report riskIdentify areas of inefficiency for process improvement and support the change management agendaSeek out opportunities to leverage AI to enhance and remove operational risk from processesUnderstand 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 institutionExperience managing controls and documenting processesIntermediate / Advanced analytical skills with proficiency in MS Office (Excel, Power point, Projects)Track record of business analysis, project management and partner engagement skillsAlteryx, Python and Tableau experience requiredBusiness Analyst skillset, with strong analytical, interpersonal, oral and written communication skillsSkillful at evaluating and improving processes, synthesizing information to reach logical conclusions and documenting and presenting findingsSelf-motivation and ability to work with minimal supervision within a team structureMinimum Bachelor’s Degree or equivalent required

 

Preferred qualifications, capabilities and skills 

Audit experience desirableExperience with executing Transformation and/or Change Management initiatives beneficialKnowledge of the trade and execution cost lifecycle beneficialKnowledge of the software delivery lifecycle beneficialKnowledge of trading flows beneficial