Transactions Specialist I

Posted 3 Days Ago
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Chicago, IL, USA
Hybrid
Entry level
Financial Services
We’re one of the world’s biggest technology-driven companies
The Role
Processes and clears moderately complex transactions accurately and efficiently while meeting production targets. Responds to customer inquiries, maintains transaction and product knowledge, uses automation and digital tools to optimize account servicing, identifies transaction trends, and escalates non-standard issues. The role follows established procedures, supports reporting and process improvements, and may require non-traditional hours. A Public Trust government security clearance and U.S. citizenship or lawful permanent status are required.
Summary Generated by Built In
Join Chase, where you will have the opportunity to make real innovative impacts to our customers and be part of an innovative and dynamic environment where every day brings new challenges and opportunities.

As a Transactions Specialist I within JPMorganChase, you will be responsible for processing transactions which can include moderately complex tasks. You will be expected to adhere to established procedures and guidelines, while maintaining production targets with accuracy. This position offers opportunities to develop skills in critical thinking and problem solving while working under limited direct supervision, in a high efficiency workplace.

Job responsibilities 
  • Process and clear transactions in accordance with established procedures, ensuring accuracy and efficiency.
  • Respond to customer inquiries and requests, such as balance inquiries and account maintenance, providing a positive customer experience.
  • Utilize automation technologies to optimize transaction processing and account servicing.
  • Refer non-standard problems to supervisor or more senior role, adhering to the protocol for non-routine issues.
  • Maintain up-to-date knowledge of applicable product definitions and operating procedures, including upstream and downstream process flows.

Required qualifications, capabilities, and skills  
  • Baseline knowledge or equivalent expertise in transaction management, with a focus on processing, clearing, servicing, researching, and settling transactions.
  • Demonstrated ability to follow prescribed instructions and procedures, with minimal variance from guidelines and protocols.
  • Developing proficiency in automation technologies, with the ability to apply these to support and implement transaction optimization initiatives.
  • Developing proficiency in customer experience, with an understanding of how customers interact and perceive a brand or business throughout the entire customer journey.
  • Basic skills in using data analytics to spot transaction trends and improve processes, and in using digital tools for transactions. 
  • High school diploma or GED required.
  • Physical requirements:  sitting up to 95% of the time, standing up to 10% of the time, lifting up to 5% of the time and up to 50 pounds, walking up to 10% of the time.

Preferred qualifications, capabilities, and skills 
  • Beginner-level ability to handle conflicts in transactions and use automation to make processes more efficient. 
  • Basic experience collaborating with cross-functional teams to ensure accurate transaction reporting and suggest new ideas for improvement. 

Schedule: Monday - Friday, 7:00 am - 3:30 pm
This position may require you to work non-traditional hours and/or additional hours as business needs arise.  Work schedule might be subject to change.

Security Clearance Requirement:

A Government Security Clearance, including Public Trust clearance, will be required for this position. As a condition of employment, the selected candidate must successfully complete a comprehensive background screening to obtain the necessary clearance. This process includes, but is not limited to:

•    Fingerprints
•    Credit check
•    Proof of U.S. Citizenship, Acceptable documents may include a U.S. passport, certificate of naturalization, or original/certified birth certificate.
•    Verification of employment history
•    Educational background
•    Criminal record check
•    Tax filing history (possibly)
•    References 
•    Information on relatives including citizenship  
•    7 Year Travel History
•    7 Year Residence History 
•    Government interview completion and favorable background investigation.
•    Other relevant verifications as mandated by federal requirements
This role supports US Federal government contracts that require, U.S. citizenship or lawful permanent status

Employment is contingent upon the candidate’s ability to meet all requirements for government security and Public Trust clearance. Following hire, failure to maintain this clearance may result in termination of employment.

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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process. 

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.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

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

  • Baseline knowledge or equivalent expertise in transaction management, including processing, clearing, servicing, researching, and settling transactions
  • Ability to follow prescribed instructions, procedures, guidelines, and protocols with minimal variance
  • Developing proficiency with automation technologies for transaction optimization
  • Developing proficiency in customer experience and customer journey concepts
  • Basic data analytics skills for identifying transaction trends and improving processes
  • Basic skills using digital tools for transactions
  • High school diploma or GED
  • Beginner-level ability to handle transaction conflicts and use automation to improve efficiency
  • Basic experience collaborating with cross-functional teams on transaction reporting and process improvements
  • Ability to obtain and maintain a Public Trust government security clearance
  • U.S. citizenship or lawful permanent status

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 — Medical, dental, vision, and mental-health coverage are broad, with wellness incentives, on-site or virtual care, and an EAP offering coaching and counseling. Plan materials emphasize accessible options, including multiple medical choices and tools to manage costs.
  • Parental & Family Support — Paid parental leave extends up to 16 weeks for all parents, supplemented by paid Critical Caregiver Leave. Family resources include backup childcare via Bright Horizons, lactation support and milk-shipping, family-building assistance, and even a free five-month SNOO rental for newborns.
  • Retirement Support — Retirement programs include a 401(k) with an annual company match and automatic pay credits for most employees, with a legacy pension available to earlier hires. An Employee Stock Purchase Plan at a 5% discount further supports long-term savings.

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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