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JPMorgan Chase Payments P&A (Planning & Analysis), Vice President - Finance & Business Management in Brooklyn, New York

J.P. Morgan Payments, a global leader in cash management, liquidity, escrow, and commercial card solutions, offers three business lines - Liquidity & Account Solutions, Payments & Commerce Solutions, and Trade & Working Capital. These divisions help clients manage cash, make payments, and enhance operational efficiency across multiple geographies and currencies. As we embrace new technologies and fintech advancements, we continue to grow and stay relevant. Our Trade & Working Capital division, with over 200 years of experience, provides comprehensive solutions in various finance areas, backed by our extensive Trade Finance investor network.

Job summary:

As a Payments P&A (Planning & Analysis), Vice President - Finance & Business Management within the Global Finance & Business Management team, you will be responsible for leading and coordinating the budgeting and forecasting process, including the short- and long-term projection of earnings and capital over varying economic scenarios. You will work closely with a wide variety of stakeholders and senior business leads, providing strategic recommendations based on your specialist knowledge skillset. This role offers the opportunity to work in a dynamic environment, with regular exposure to the CFO of the business and the chance to contribute to decision making that may impact financial performance.

The team believes in a collaborative approach, so relationship building will be key to success in this role. We are looking for a candidate that can collaborate globally across a diverse set of stakeholders in a dynamic environment. This is a highly visible role across the Payments organization with exposure to the CFO of the business, as well as offers the ability to work closely with a wide variety of stakeholders and senior business leads.

Specifically this role supports the Deposit and Loan parts of the Payments Business, including specializing in supporting the senior business leads of global product groups for L&AS, Trade & Working Capital, Onyx and Digital Channels. This coverage results in being the key P&A group to provide the CFO and business support on Balance Sheet, RWA, Net Interest Income and Capital allocation drivers and composition. The key processes where this is required is for monthly business reviews, Quarterly Earnings, and budget cycles for Payments. We aim to be a key business partner by providing strategic recommendations based on our specialist knowledge skillset, including where can maximize capital efficiency and ROE; and determining which risks and opportunities to incorporate within budget.

Payments is one of the world's largest providers of cash management, liquidity, escrow, and commercial card solutions to clients around the world. The organization comprises three lines of businesses which help clients around the world manage their cash and working capital, make and accept payments, and improve their operational efficiency: Liquidity & Account Solutions, Payments & Commerce Solutions and Trade & Working Capital. More than 135,000 corporations, financial institutions, governments and municipalities and territories entrust their business to J.P. Morgan.

Liquidity & Account Solutions (L&AS) provides a broad range of solutions for clients to manage their global operating liquidity. Global Liquidity includes an array of different products as deposits, short-term investments, and cash concentration products and Escrow is a legal arrangement to hold deposits. Our product set operates in real-time and supports a number of large multinational corporate and financial institution clients in managing their liquidity across legal entities, geographies, currencies, and time-zones. The landscape of Liquidity & Account Solutions is rapidly changing, impacted by new technologies, fintech entrants, and new use cases. Our client demands are growing as new payment types emerge, cash flows become 24x7, and new technologies become globally available. At the same time, market demands are rapidly changing and evolving alongside a complex legal, regulatory, technological, market and tax landscape. Leveraging new technologies to evolve our platform and client value proposition will be key to our continued growth and relevance to clients.

Trade & Working Capital (T&WC) is a division of J.P. Morgan Payments. For more than 200 years, J.P. Morgan has helped clients make trade payments, access liquidity, and manage risk. We connect counterparties with market-leading Supply Chain Finance, Receivables Finance, Contract Finance, Working Capital Lending, Export Agency Finance, and Traditional Trade solutions. Our institutional strength, practical expertise, comprehensive technology, and financial partner network enable us to deliver global solutions, when and where our clients need them, by leveraging one of the worlds largest Trade Finance investor networks, we scale funding to support this growing asset class on a global basis.

Global Finance & Business Management (F&BM) works to strategically manage financials, drive growth and efficiencies, maintain financial reporting and proactively manage risk. By providing information, analysis and recommendations to improve results and drive decisions, teams ensure the company can navigate all types of market conditions while protecting our fortress balance sheet.

Financial Planning & Analysis (P&A) is primarily responsible for leading and coordinating the budgeting and forecasting process, including the short- and long-term projection of earnings and capital over varying economic scenarios. P&A operates in close cooperation with firmwide groups in each line of business to prepare management reports and presentations for the Operating Committee and the Board of Directors.

Job responsibilities:

  • Lead, analyze, review and communicate a number of one-off and repeatable senior management presentations and reviews including, but not limited to: budget and mid-year forecast, financial updates, Board, Operating Committee and Regulators, quarterly earnings, spot & average balance sheet, Net Interest Income (NII) analytics and analyzing business performance drivers

  • Execute the above processes with an emphasis on accuracy and timeliness of meeting deliverables on prescribed timetables / calendars, seeking to maintain and improve monthly reporting models and presentation including assistance in digital transformation agenda of self-serve interactive financial dashboards

  • Analyze Payments business models, earnings sensitivities, and strategic initiatives to enable better understanding of financial results

  • Communicate and coordinate effectively with other F&BM and corporate functions areas (e.g. Treasury, Firmwide P&A, Business Management, Product Control) to ensure resolution of control and reporting issues in an accurate and timely manner

  • Ensure team produces essential management information with the correct level of actionable insights for decision support, shaping and execution of strategic initiatives as well as assist in ad-hoc requests

  • Manage projects and initiatives related to all of the above, as well as larger cross-business programs

Required qualifications, capabilities, and skills:

  • Bachelor's Degree in Accounting, Finance, Economics, Business or related field of a technical nature;

  • Minimum of 6+ years professional experience within banking or financial services;

  • Able to design business reporting and analysis that is clear, concise and actionable with experience in the consolidation, review, analysis and presentation of Financials and ability to create ad-hoc reporting for senior management;

  • Organized with strong attention to detail and accuracy including a strong control focus - proven ability to produce quality results timely;

  • Comfortable presenting to senior MD audiences, excellent oral and written communication skills with the ability to articulate complex issues clearly and curate compelling business narrative/story tailored to varying stakeholders;

  • Strong technical skills in using Microsoft Excel and PowerPoint;

  • Proactive, highly motivated, self-starter who is driven to excel in all aspects of their role and seeks to break the status-quo and initiate improvements where necessary with a growth and creative mindset;

  • Strong interpersonal skills with the ability to build relationships, effectively working in a collaborative way, influence key stakeholders and excellent issue resolution skills with the ability to be respected as a trusted partner

  • Exceptional analytical, problem solving, critical thinking with ability to analyze large data sets and present conclusions concisely and with a proven track record of execution against deliverables

  • Able to multi-task in a fast paced environment with frequently changing priorities and to meet deadlines under pressure with excellent time management/prioritization skills

Preferred qualifications, capabilities, and skills:

  • Experience in Financial Planning and Analysis, analyzing revenue, expenses and balance sheet drivers; would consider experience within related roles e.g. Product Control, Business Management, Treasury & Capital, Risk or Strategy;

  • Experience within Payments or solid understanding of deposit/loan products, especially understanding of Net Interest Income, RWA and Return of Equity considerations is preferred;

  • Experience with data, data analytics tools and financial planning programs;

JPMorgan Chase & Co., 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. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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 is an Equal Opportunity Employer, including Disability/Veterans

Base Pay/Salary

Brooklyn,NY $128,250.00 - $190,000.00 / year

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