Payments Lifecycle Specialist

Posted 43 Minutes Ago
Be an Early Applicant
Mumbai, Maharashtra, IND
Hybrid
Junior
Financial Services
We’re one of the world’s biggest technology-driven companies
The Role
Process and investigate payment transactions, wire transfers, funds-control exceptions, sanctions screening, and reconciliation breaks. Analyze transaction data, resolve inquiries and manual entries, meet operational deadlines and controls, support client communications, perform backup production tasks, and identify process improvements. The role also involves cross-training within the team and assisting with procedure education.
Summary Generated by Built In
Are you ready to be at the forefront of digital payment innovation? Join our Payments Operations team and make a meaningful impact by ensuring seamless financial transactions. This is your opportunity to grow your career in a fast-paced environment, where your contributions will be valued and your skills will be honed.
As a Payment Lifecycle Specialist IV within Payments Operations, you will play a crucial role in the smooth transfer of funds between various parties. Working under regular supervision, you will help maintain our reputation for excellent service and secure financial transactions. Your responsibilities will include payment processing across various products, such as the transfer of funds between financial institutions, cardholders, merchants, corporate and retail clients, and the reconciliation of purchase and sales options, futures, or securities. This may involve sanctions screening, payment investigations, funds control, exception processing, resolving reconciliation breaks, and invoicing or cash management activities.
Job responsibilities
  • Ensure investigations and transactions are processed in accordance with documented procedures 
  • Undertake various functions within the team and ensure that all relevant deadlines and stipulated controls are met.
  • Analyze information to determine accuracy and completeness of data.
  • Assist in the training/education of other members in job functions/procedures relating to the unit. 
  • Process any required back-up tasks relating to production, identifying ways to improve current work practices.
  • Review, research and pass manual entries to resolve Funds transfer inquiries.
  • Interact with Clients or Client Service team as and when required to provide or receive update on wire transfer inquiries.
  • Work with minimum supervision and act on own initiative to identify tasks to be undertaken.
  • Participate in the rotation of functions within the group ensuring no degradation to work flows.
Required qualifications, capabilities, and skills
  • Graduate with good academic record. 
  • Experience and a working knowledge of various aspects of Payment Processing Operations. 
  • Good Interpersonal skills to be able to communicate internally or externally and at all levels and should be a team player. 
  • Excellent written & oral communication skills in English. 
  • Knowledge of working on Computers, MS Access, Excel, PowerPoint, and Word.
Preferred qualifications, capabilities, and skills
  • 2 years of experience in a back-office operations of a reputed foreign bank or it’s processing arm/private sector bank/public sector bank as a supervisor would be beneficial. 
  • Working Knowledge of SWIFT & international payment conventions & practices is preferable. 
  • Exposure to AI-enabled tools and willingness to adopt emerging technologies that support process improvement and operational excellence
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 TeamJ.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. 

Skills Required

  • Graduate with a good academic record
  • Experience and working knowledge of payment processing operations
  • Strong interpersonal and teamwork skills
  • Excellent written and oral English communication skills
  • Computer proficiency, including Microsoft Access, Excel, PowerPoint, and Word
  • Two years of back-office operations experience in a bank or banking processing organization
  • Working knowledge of SWIFT and international payment conventions and practices
  • Exposure to AI-enabled tools and willingness to adopt emerging technologies

JPMorganChase Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about JPMorganChase and has not been reviewed or approved by JPMorganChase.

  • Healthcare Strength — Health coverage is considered comprehensive, including medical, dental, and vision, alongside wellness and mental health resources. Some locations add onsite health centers and related wellbeing support.
  • Retirement Support — Retirement offerings include a 401(k)-type savings plan and related financial benefits, with options such as employee stock purchase participation. Financial planning resources are also highlighted to support long-term savings.
  • Parental & Family Support — Paid parental leave of 16 weeks for birth or adoption is available for all parents. Child care and back-up child care resources further reinforce family support.

JPMorganChase Insights

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The Company
HQ: New York, NY
289,097 Employees
Year Founded: 1799

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.

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