Job Description
Join a team shaping the future of digital payments and drive your professional growth. Unlock your potential and make a meaningful impact in a fast-paced and innovative environment.
As a Payment Lifecycle Associate I within Payments Operations, you will be well-versed with Banking Operations nuances, preferably have experience on Cash business, reconciliations, payments, expensing interest on Nostro Balances, investigations on root cause and promoters of the overdraft interest validation on adverse Nostro Balances, analysis on reducing interest costs on Nostro accounts.
Job Responsibilities
- Supervise overall staff during shift operating window.
- Ensure that all work items are completed as per the agreed SLA. Strong control required to manage this critical process & ensuring apt accuracy while explaining adverse Nostro Balance.
- Monitor the adverse Interest Costs on Nostro balance exceptions and ensure that they are resolved in a timely manner by collaborating with internal Line of Business and assigning costs appropriately to the right desk.
- Communicating with various Stakeholders within & outside Cash Asset Management. Addressing queries & escalation of Line of Businesses and other relevant desks.
- Identify opportunities for improving the efficiency of the process.
- Identify the training requirements of the team members.
- Track the changes to the procedures and ensure that the team is fully aware of the changes.
- Understand overall Nostro funding by coordinating with the business and treasury teams to arrive at the appropriate funding requirements of the Nostro Account.
- Perform reconciliation to identify the reason for the break and reach out to businesses to close the breaks.
- Support Global Treasury teams in the process of predicting and funding the Banks cash positions across ASIA, EMEA & WHEM entity accounts.
- Partner with Global Projects team to bring efficiency in the process & Cash Management systems.
Required Qualifications, Capabilities, And Skills
- Strong written and oral comprehension of English language
- Working knowledge of Banking Operations
- Computer navigation skills
- Advanced Excel skills
- College degree and 6 OR more years of Banking Operation Experience
- Share-point handling skills
Preferred Qualifications, Capabilities, And Skills
- Proficiency in Microsoft Office products.
- Proficiency in Intelligent Solutions Alteryx/Tableau, etc.
- Knowledge of Nostro Funding Process /SWIFTs/Nostro Balances validation & Interest Expensing
About Us
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants and employees religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
About The Team
J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
