CIB DPS Network Management Cash Vice President (Hempstead)

  • Hempstead, NY

Compensation

: $205,500.00 - $205,500.00 /year *

Employment Type

: Full-Time

Industry

: Government



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J.P. Morgans Cash Network Management (CNM) team is a global function within Digital & Platform Services (DPS), responsible for managing the Firms payment network. These critical providers include cash-related Financial Market Infrastructures (payment systems, central counterparties (CCPs), and check clearing systems) and Agent Banks (cash correspondent, partner, and clearing banks). CNM has three key objectives. GOVERNANCE The team aligns with the Firms Third Party Oversight (TPO) program to select, maintain and exit Financial Market Infrastructures (FMIs) and Agent Banks. This contributes to the Firms regulatory requirement to manage critical third parties SERVICE DELIVERY The team delivers Cash Network products and services to the business based on a shared vision and strategy. This includes traditional as well as cutting-edge payments innovations.From the business perspective, the Cash Network Manager must understand their market portfolio, track and evaluate market developments, and represent the Firms business and clients in market or industry discussions. NETWORK OPTIMIZATION The team procures, manages, and oversees various aspects of the Firms FMIs and Agent Banks memberships and relationships. The team works with third-party providers to improve service delivery, streamline processes for cost and monitor key performance indicators to ensure high payment performance. This includes managing day-to-day escalations and creating sustainable solutions to set JPMs network apart from the competition. In the Americas, the Cash Network Manager is responsible for an FMI and Agent Bank sub-portfolios in the region, working with multiple internal teams to meet key deliverables. Roles and Responsibilities: Produce internally-generated Cash Network FMI and Agent Bank governance reports per an established due diligence schedule. Identify Cash Network risks and issues and help remediation efforts to manage network risk. Own a Cash Network FMI and Agent Bank sub-portfolio, managing the external interfaces for escalations and strategic discussions. Contribute to FMI and Agent Bank contract negotiations, fee schedules and service level agreements. Manage JPMs cash-related spend with FMIs and Agent Banks. Support interaction with internal businesses (Treasury Services, Markets, etc.) to align strategy and deliver network capabilities to support key business priorities. When required, contribute to internal crisis management responses when market events or outages impact JPMs ability to process payments though its network. Participate in global projects and/or information gathering to support the business when it relies on an FMI or Agent Bank for service delivery. Based on the sub-portfolio, lead Request for Information (RFIs) and Request for Proposals (RFPs) to assess and select new Agent Banks or services in the Americas. Guide the business to ensure relevant requirements are met when engaging new FMIs/Agent Banks, or when buying new services from existing Cash Network providers. About J.P. Morgans Corporate & Investment Bank: J.P. Morgans Corporate & Investment Bank is a global leader across banking, markets and investor services. The worlds 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. Further information about J.P. Morgan is available at www.jpmorgan.com. Not ready to apply? Leave your information with us and we will keep you up to date with new career opportunities. Any information you provide is confidential and will only be viewed by our recruiters in an effort to fill open positions. In addition, the information you provide is subject to our privacy policy practices. Please note that J.P. Morgan will not accept unsolicited approaches or speculative CVs, nor will J.P. Morgan be responsible for any related fees, from Third Party Firms who are not preferred suppliers. The firm invites all interested and qualified candidates to apply for employment opportunities. Need disability related assistance? If you are a US or Canadian applicant with a disability who is unable to use our online tools to search and apply for jobs, please click here.

* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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