JPMorganChase
Payments Governance Manager - Vice President
JPMorganChase, Plano, Texas, us, 75086
JOB DESCRIPTION
Payments Governance Team ensures proper oversight and governance for all Third Parties that have sub-merchant relationships for the lifecycle of the engagement. The team is responsible for properly evaluating, assessing, and monitoring Third Party relationships in accordance with regulatory, Card Network and JPMC standards.
As a Vice President, leading Payments Governance, you will be responsible for enhancing and exceling a new team focused on ensuring Third Parties in particular Payment Facilitators, Marketplaces and Staged Digital Wallet Operators are meeting Acquirer, Regulatory, and Card Network requirements. You will be responsible for ensuring we are properly positioned to scale for the future in a fast paced environment that is rapidly growing and ever changing. It’s expected you will be a subject matter expert in card network rules and quickly become versed in JP Morgan Chase’s policies in areas including fraud, credit, legal and brand risks, as well as keeping abreast of emerging trends within the industry.
You will be responsible for managing 8-10 VPs, Associates and Analysts in multiple regions which requires you to ensure onsite assessments, monthly and quarterly monitoring reviews, evidence collection, document retention, QA and reporting are performed accurately. You must have extensive team building, analytical, presentation skills and report-writing abilities as well as exhibits advisory expertise while consulting with Third Party agents, relationship managers, executives and Card Network representatives to promote proper execution of governance.
Job responsibilities
Effectively lead in the areas of delegation, oversight, coaching, problem solving, reporting, communication, conflict resolution and performance evaluation.
Evaluate with expertise the compliance and card network requirements associated with payments products such as sub-merchant due diligence, fraud, and chargebacks.
Enhance Third Party oversight and governance throughout the lifecycle of the relationship by improving testing procedures for onsite, monthly and quarterly assessments with detailed documentation.
Proactively identify obligations, risk and/or themes based on applicable financial regulations, Card Network requirements and/or card processing changes. Translate identified obligations into relevant policies and procedures to be communicated and implemented across the business.
Develop and implement data analysis tools to improve assessment efficiency, effectiveness and automation.
Possess a can-do attitude with a problem-solving mindset that focuses on unlocking growth while balancing risk and compliance.
Ensure the right controls are in place to launch and grow products with the ability to implement risk mitigation strategies and develop approaches to scale solutions/products.
Develop strong relationships with partners across Risk, Product, Tech, Sales, Treasury, Payment Network Office, Legal, Credit, Finance, Compliance and Operations teams to prioritize, scope and roll out launches as well as manage escalations and remediations.
Serve as a key collaborator in the design and implementation of new complex third party sponsorship initiative.
Required qualifications, capabilities, and skills
Experience with Merchant Services, Payments or Card Networks is a must.
Experience managing people of different levels.
Experience in external partner-facing roles.
Passionate about payments, fintech, Third Party and compliance risk management with an eye on future strategic initiatives.
Demonstrated project/program management skills and a proven track record for building and scaling programs from the ground up.
Demonstrated ability to monitor and analyze performance data both in real time and on a cumulative basis, and make appropriate recommendations to ensure success. Experience with data analysis programs (e.g., Python, Big Query, Looker, Alteryx).
Analytical thinker with excellent interpersonal, written and verbal communication skills with the ability to present and influence at the executive level.
Strong stakeholder management skills including navigating difficult situations, negotiating timelines, and influencing internal and external stakeholders across organizations and borders.
Proficient with Microsoft Suite of applications, including Excel, Access, and PowerPoint, and capable of developing high quality presentations with graphs and analytics.
Some travel may be required to support onsite initial and annual due diligence reviews.
Contribute to a business climate and culture that encourages integrity, respect, excellence and innovation.
Preferred qualifications, capabilities and skills
2 years of experience with Visa, MasterCard, and Discover cardholder data security program rules and requirements.
Qualifications in a relevant discipline with relevant accreditations, solid working experience as a professional auditor and/or financial industry practitioner or experience with one or more banking regulator partners.
Experience with data analysis would be beneficial (e.g., Python, Big Query, Looker, Alteryx).
ABOUT US 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. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation 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 is an Equal Opportunity Employer, including Disability/Veterans
ABOUT THE TEAM The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.
Operations teams develop and manage innovative, secure service solutions to meet clients’ needs globally. Developing and using the latest technology, teams work to deliver industry-leading capabilities to our clients and customers, making it easy and convenient to do business with the firm. Teams also drive growth by refining technology-driven customer and client experiences that put users first, providing an unparalleled experience.
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As a Vice President, leading Payments Governance, you will be responsible for enhancing and exceling a new team focused on ensuring Third Parties in particular Payment Facilitators, Marketplaces and Staged Digital Wallet Operators are meeting Acquirer, Regulatory, and Card Network requirements. You will be responsible for ensuring we are properly positioned to scale for the future in a fast paced environment that is rapidly growing and ever changing. It’s expected you will be a subject matter expert in card network rules and quickly become versed in JP Morgan Chase’s policies in areas including fraud, credit, legal and brand risks, as well as keeping abreast of emerging trends within the industry.
You will be responsible for managing 8-10 VPs, Associates and Analysts in multiple regions which requires you to ensure onsite assessments, monthly and quarterly monitoring reviews, evidence collection, document retention, QA and reporting are performed accurately. You must have extensive team building, analytical, presentation skills and report-writing abilities as well as exhibits advisory expertise while consulting with Third Party agents, relationship managers, executives and Card Network representatives to promote proper execution of governance.
Job responsibilities
Effectively lead in the areas of delegation, oversight, coaching, problem solving, reporting, communication, conflict resolution and performance evaluation.
Evaluate with expertise the compliance and card network requirements associated with payments products such as sub-merchant due diligence, fraud, and chargebacks.
Enhance Third Party oversight and governance throughout the lifecycle of the relationship by improving testing procedures for onsite, monthly and quarterly assessments with detailed documentation.
Proactively identify obligations, risk and/or themes based on applicable financial regulations, Card Network requirements and/or card processing changes. Translate identified obligations into relevant policies and procedures to be communicated and implemented across the business.
Develop and implement data analysis tools to improve assessment efficiency, effectiveness and automation.
Possess a can-do attitude with a problem-solving mindset that focuses on unlocking growth while balancing risk and compliance.
Ensure the right controls are in place to launch and grow products with the ability to implement risk mitigation strategies and develop approaches to scale solutions/products.
Develop strong relationships with partners across Risk, Product, Tech, Sales, Treasury, Payment Network Office, Legal, Credit, Finance, Compliance and Operations teams to prioritize, scope and roll out launches as well as manage escalations and remediations.
Serve as a key collaborator in the design and implementation of new complex third party sponsorship initiative.
Required qualifications, capabilities, and skills
Experience with Merchant Services, Payments or Card Networks is a must.
Experience managing people of different levels.
Experience in external partner-facing roles.
Passionate about payments, fintech, Third Party and compliance risk management with an eye on future strategic initiatives.
Demonstrated project/program management skills and a proven track record for building and scaling programs from the ground up.
Demonstrated ability to monitor and analyze performance data both in real time and on a cumulative basis, and make appropriate recommendations to ensure success. Experience with data analysis programs (e.g., Python, Big Query, Looker, Alteryx).
Analytical thinker with excellent interpersonal, written and verbal communication skills with the ability to present and influence at the executive level.
Strong stakeholder management skills including navigating difficult situations, negotiating timelines, and influencing internal and external stakeholders across organizations and borders.
Proficient with Microsoft Suite of applications, including Excel, Access, and PowerPoint, and capable of developing high quality presentations with graphs and analytics.
Some travel may be required to support onsite initial and annual due diligence reviews.
Contribute to a business climate and culture that encourages integrity, respect, excellence and innovation.
Preferred qualifications, capabilities and skills
2 years of experience with Visa, MasterCard, and Discover cardholder data security program rules and requirements.
Qualifications in a relevant discipline with relevant accreditations, solid working experience as a professional auditor and/or financial industry practitioner or experience with one or more banking regulator partners.
Experience with data analysis would be beneficial (e.g., Python, Big Query, Looker, Alteryx).
ABOUT US 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. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation 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 is an Equal Opportunity Employer, including Disability/Veterans
ABOUT THE TEAM The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.
Operations teams develop and manage innovative, secure service solutions to meet clients’ needs globally. Developing and using the latest technology, teams work to deliver industry-leading capabilities to our clients and customers, making it easy and convenient to do business with the firm. Teams also drive growth by refining technology-driven customer and client experiences that put users first, providing an unparalleled experience.
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