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JPMorganChase

Payment Lifecycle Associate

Posted 2 Hours Ago
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Hybrid
Mumbai, Maharashtra
Mid level
Hybrid
Mumbai, Maharashtra
Mid level
Supervise shift teams and ensure payment processing SLAs. Reconcile nostro breaks, monitor overdraft/interest costs, assign expenses correctly, and resolve exceptions. Drive process improvements, train staff, track procedure changes, and partner with global projects for system rollouts. Apply automation, cybersecurity, anti-fraud awareness and AI/ML to enhance payment lifecycle efficiency and controls.
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Join a team shaping the future of digital payments and drive your professional growth. Unlock your potential and make a meaningful impact in a fast-paced and innovative environment.
As a Payment Lifecycle Associate I within Payments Operations, you will enhance our payment operations framework by streamlining processes, implementing new technologies, and developing operational functions, while managing payment processing across various products to ensure smooth fund transfers and reconcile purchase and sales options, futures, or securities. Leveraging your proficiency in automation, cybersecurity, and anti-fraud awareness, you will ensure the security and efficiency of our payment lifecycle. Your ability to manage stakeholders, influence decisions, and handle conflicts will drive mutually beneficial outcomes, while your strategic planning skills will guide our direction and resource allocation decisions. Additionally, your proficiency in AI/ML will be utilized to solve complex problems and enhance processes, applying your knowledge in market product and process improvement to optimize our operations.
Job responsibilities
  • Provide overall supervision to the staff during shift operating window
  • Ensure that all work items are completed as per the agreed SLA. Strong control required to manage this high volume-driven process and manage the nostro breaks / costs timely.
  • Monitor the Overdrawn Interest Costs on Nostro balance exceptions and ensure that they are resolved in a timely manner by collaborating with internal Line of Business and assigning costs appropriately to the right desk.
  • Identify opportunities for improving the efficiency of the process. 
  • Identify the training requirements of the team members and work with the Associate on providing the required trainings .
  • Track the changes to the procedures and ensure that the team is fully aware of the changes.
  • Perform reconciliation to identify the reason for the break and reach out to businesses to close the breaks within the expected time frame.
  • Monitor, validate and verify overdraft & credit interest charges/fees and tune out the apt approach for directing the expense cost at the right place.
  • Partner with Global projects team to ensure seamless rollouts of any enhancements and on or off boarding of any accounts from Cash Management systems
 

Required Qualifications, Skills and Capabilities:

  • Strong written and oral comprehension of English language 
  • Working knowledge of Banking Operations
  • Computer navigation skills
  • Advanced Excel skills 
  • College degree and four or more years of Banking Operation Experience

Preferred Qualifications, Skills and Capabilities:

  • Proficient in Microsoft products. 
  • Proficient in Intelligent Solutions – Alteryx/Tableau, etc.
  • Knowledge of Nostro Funding Process /SWIFTs/Nostro Balances validation & Interest Expensing
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. 

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