J.P. Morgan is a global leader in financial services, offering solutions to the world's most important corporations, governments and institutions in more than 100 countries.
Operations provide support across the whole of the CIB. Services provided to our Businesses include:
Transaction Processing, Confirmation, Settlement and Clearing, Collateral Management, Client Service, Invoicing, cost allocation and substantiation, payment processes and CASS Support
The Execution Cost Infrastructure group is responsible for the design & build out of the technology strategy & infrastructure required to calculate execution costs covering the end to end Trade Lifecycle; facilitating transparency & analytics, accurate financial allocation, invoice reconciliation/substantiation and cost reduction strategies around the $1.9BN JPM spends annually.
Trade Execution Costs are an area of considerable focus with the CIB. The urgent need for the build out of a strategy and infrastructure to provide Transparency and facilitate cost reduction and financial control is at the forefront of priorities within the Operations world, in partnership with other functions such as GSS, Markets, Finance and Technology.
This role will be to drive the build out of our strategic cost calculation and analytics platforms, automation solutions such as robotics and process improvements. This spans global functions & stakeholders, feeding into a number of key areas such as Savings initiatives, reconciliations, cost accruals and allocations, payment processes and controls.
The individual will drive the program of work from the initial analysis and planning through the testing and delivery of both tactical and strategic solutions across global asset classes. Managing the integration of the new solutions into existing processes across internal operational functions and the front office, finance & other key stakeholders will be a key part of the program management responsibilities.
The role will require a range of skills from business analysis, project management and stakeholder engagement.
Summary of Responsibilities
Drive the initial analysis and documentation of current versus future state processes and workflows
Manage and track a program of work to successfully meet project milestones
Manage a close relationship with technology, overseeing the collation and translation of business requirements into technological specifications
Plan and organise system build outs and enhancements from initiation through SIT, UAT and delivery
Measure and evaluate any project concerns and work to alleviate in a timely manner
Feedback project highlights, risks and issues to senior managers via clear and concise communications
Stakeholder management, acting as a key point of contact for all key Senior Stakeholders across global LOB’s
Identification, quantification and implementation support of cost reduction initiatives
Determine and implement solutions for cost allocation and reconciliation
Share best practice knowledge to guide the migration and automation of existing processes, improving efficiency and enhancing the user experience
- Experienced Business Analyst & Program manager who is extremely detailed oriented self-starter
- Strong analytical, interpersonal, oral and written communication skills
- Ability to synthesize information to reach logical conclusions; manage projects, evaluate & improve processes and document and present findings
- Demonstrates proactive communication with global and local stakeholders
- Ability to be flexible, follow tight deadlines, organize and prioritize work
- Knowledge of the trade and execution cost lifecycle essential
- Knowledge of the software delivery lifecycle preferred
About J.P. Morgan Corporate & Investment Bank
J.P. Morgan’s Corporate & Investment Bank (CIB) is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.