Payment Lifecycle Associate II
JPMorganChase
Plano, TX, USA
As a Payment Lifecycle Associate II in the Transactions Approval Group (TAG) within Commercial and Investment Bank, you will help manage overdrafts that arise from underlying account sweep structures & issuance of returnable instruments. You will partner with Client Onboarding & Services (COS) and Credit to ensure policies, procedures, and control requirements are appropriately defined and consistently followed. TAG operates in a high-tempo, global environment, requiring adherence to multiple trade and currency cut-offs while also supporting ongoing project deliverables.
Job responsibilities
- Manage cash payments and securities settlement and monitoring/approval functions that affect and control credit and intra-day exposure for a portfolio of clients, products, and currencies
- Investigate overdrafts that arise on accounts due to participation in a sweep structure
- Apply strong operational discipline-conduct investigations and ensure timely outreach to COS & Credit- to manage and mitigate credit exposures
- Understand and execute required operational control procedures
- Support management-directed projects aligned to TAG's core responsibilities (e.g., contributing to the development of Global Funds Control (GFC), Custody Credit Engine (CCE), Integrated Credit Risk Desktop (iCRD), and other credit control systems).
- Serve as a subject matter expert on funds-control payment systems and related processes.
- 8 years of experience working in Risk & Controls or Banking/Payment Operations or Client Service or Product Management
- Prior experience and proven ability to communicate effectively and confidently with senior management
- Expertise in Microsoft Applications (especially PowerPoint and Excel) and experience using SharePoint
- Self-Starter, capable of working independently, making decisions using a risk and control mindset
- Proven track record of multi-tasking in a time sensitive environment
- Quick learner and strong interpersonal and team working skills
- Open attitude towards sharing ideas and knowledge with appropriate partners/stakeholders
- A proactive approach to problem solving and taking ownership of issues
- Knowledge of cash management products, payment systems, Securities clearing/processing and settlements
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
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.
Be a key player in revolutionizing payment operations, where your expertise will drive efficiency and innovation.