Job Description
This is a high visibility role which will require understanding of payments systems and products, project management disciplines and a partnership mindset, in order to align company priorities with the capabilities and functioning of our network provider
As a Agent Bank Network Manager - Vice President in Operations you will be responsible for the continuous regulatory and operational performance oversight of our agent bank providers and you will help to evolve our network in tandem with the overall business strategy. You will partner and liaise with key stakeholders in the Business, Operations, Compliance, Risk, Legal and the network of agent banks and FMIs. You will report directly into the regional Network Management head.
Job responsibilities
- Ensures deep understanding of cash payments systems, cash products, cash management and treasury processes, compliance with Legal and Regulatory requirements for all jurisdictions required by the Business and their clients
- Takes responsibility for completing the Due Diligence and Final Assessment Report activities for assigned markets and Agent Banks within regulatory, policy and procedural deadlines
- Identifies risks and exposures impacting JPMorgan's LOB's, stakeholders, and other key cross-functional partners and working across partners and stakeholders to identify solutions and mitigants
- Maintains strong relationships with the lines of business and other partners, being able to articulate the key business strategies and requirements
- Maintains deep understanding of the markets assigned and strong ability to apply knowledge to support the Business and client needs and strategies - identifying solutions and delivering required outcomes including thought leadership on market, regulatory changes and advocacy
- Performs analysis on provider and network capabilities and formulate recommendations to business partners and stakeholders
- Takes responsibility for the delivery of agent bank change in assigned markets, identified via the due diligence process, business and client needs and achieve fee reductions identified via pricing strategy
- Responds promptly and effectively to any market specific enquiries and escalations received from Businesses, Clients and Network Management colleagues and ensuring market information is communicated swiftly to the Business
- Represents Network Management in new business initiatives (NBIs), to evaluate and identify risks associated with new / prospective engagements, products or businesses
- Supports audit requirements, participate in and contribute to projects, committees and governance forums and represent J.P. Morgan at Industry level as required
- Takes responsibility for management of crisis events impacting the covered markets, communicating and coordinating activities across stakeholders and partners
Required qualifications, capabilities, and skills
- Previous experience in the payments industry with strong subject matter expertise and understanding of payments products and systems i.e. types and channels and the regulatory environment
- Strong experience in Third Party Oversight (TPO), risk, control and regulatory management
- Strong relationship management, influencing, and negotiation skills
- Strong communication, interpersonal, and project management skills
- Ability to "join the dots" and evidence good judgment under pressure
- Ability to identify and negotiate innovative solutions to challenges and issues
- Financial services background, with previous relevant experience in the industry
- Self-motivated with a strong ability to work across the global Network Management team and across J.P. Morgan, developing partnerships with the LOBs and functional areas such as Compliance, Legal, Risk and Technology
- Attention to detail combined with an ability to absorb information and develop a strategic approach
- Strong analytical skills, particularly with regard to assessing risk
- Strong team player, able to manage competing priorities and work under pressure in a dynamic business environment
Preferred qualifications, capabilities, and skills
- Previous experience working with agent banks, FMIs or non-bank financial institutions preferred
- Previous Network Management experience a plus
About Us
J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.
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.
What We Do
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands.
Technology fuels every aspect of our company and is at the heart of everything we do. With over 50,000 technologists globally and an annual tech spend of $12 billion, we are dedicated to improving the design, analytics, development, coding, testing and application programming that goes into creating high quality software and new products.
Learn more about technology at our firm, explore resources from our Distinguished Engineers, AI & ML researchers, and other experts; access the latest episode of our TechTrends podcast, and more at www.jpmorgan.com/technology. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
©2023 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans.
Why Work With Us
Our technologists work on a diverse range of solutions that include strategic technology initiatives, big data, mobile, electronic payments, machine learning, cybersecurity, enterprise cloud development, and other state-of-the-art technologies.
Gallery
JPMorganChase Teams
JPMorganChase Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.