Job Description
As a Vice President in Payments Pricing, you will be responsible for coordinating the budgeting and forecasting process, help drive data and pricing analysis, as well as management reports and presentations.
As a Vice President in Payments Pricing your primary responsibilities will be related to analysis used to drive strategic pricing decisions and the development of tools used to execute or augment pricing activity in the business.
With broad scope covering statistical analysis and recommendation-based problem solving, as well as design, development, and maintenance of pricing tools used by our sales teams.
Payments Pricing operates in close cooperation with firmwide groups in each line of business to prepare management reports and presentations.
This is a dynamic role in a project-based environment. Specific product scope will include J.P. Morgan Treasury Services, Merchant Services, and Commercial Card.
- Specifically, for the Merchant Services business, the Manager will be primarily tasked with : 1) development and enhancement of pricing benchmarks using advanced statistical methods;
- 2) assessment of current and front-book pricing with recommendations for back-book price adjustments and suggested front-book pricing approval thresholds;
3) development and recommendations for new or modified pricing constructs going to market.
Job responsibilities :
- Lead broad scope statistical analysis and recommendation-based problem solving, as well as design, development, test and maintain pricing tools used by our Sales teams
- Leverage direct / indirect resources for managing pricing initiatives, such as recurring reprices, client maintenance, data modeling, document and batch file management, client communications, and any ad-hoc requests
- Provide decision and strategic guidance on budgeting, forecasting, business performance, and revenue growth through close coordination with internal partners and stakeholders including Sales, Marketing, Product, Operations, and Billing teams to ensure the timely, accurate and effective delivery of recurring and ad-hoc initiatives
- Use and query data from disparate sources and work cross functionally with sales, relationship management, finance and pricing leadership to develop pricing strategies to improve revenue for the J.
P. Morgan Payments business
- Ensure effective management of Merchant Services pricing for existing and prospective clients with recommendations for back-book price adjustments and suggested front-book pricing approval thresholds
- Oversee the governance, risk, controls and compliance, and management of Merchant Services profitability
- Develop visualization of pricing analytic insights for executive stakeholder consumption
- Support the broader Payments Pricing team on an ad-hoc basis, e.g., implementing Merchant Services Pricing Calculator updates
Required qualifications, capabilities, and skills :
- 7+ years of relevant experience
- Strong analytical and financial analysis skills, the ability to work successfully across teams, and have experience in big data environments.
- Strong SQL background in querying large datasets and Microsoft skills, PowerPoint, and SharePoint.
- Detail oriented, handling multiple projects and initiatives simultaneously.
- Team oriented, inquisitive, critical thinker who anticipates questions from internal clients and management
- Self-starter who is able to work in a fast paced, results driven environment
- Desire to learn quickly, be flexible and think strategically.
- Ability to navigate multiple data sets and synthesize into cohesive presentation and recommendations
Preferred qualifications, capabilities, and skills :
- BA / BS, preferably in Business, Finance or Economics
- Advanced Excel
- Payments experience
- Experience in Alteryx, QlikView, Essbase, Visual Basic, Xceptor, Robotics, Tableau, VB Macros and / or BI tools.
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.
For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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
J.P. Morgan Payments is among the world's largest, most trusted and innovative full-service providers in one of the most dynamic and rapidly transforming spaces in financial services.
In addition to providing international cash management, liquidity, commercial card, FX, escrow solutions, merchant services and trade finance, we continue to invest in future-growth initiatives, such as blockchain, AI & ML, as well as form partnerships with rising fintechs to expand our client base and product offerings.
Boasting more than 135,000 clients in over 180 countries, J.P. Morgan Payments offers specialized solutions that provide operating efficiencies and value beyond other standardized solutions available in the market.
Our global product and technology platform, integrated client service model and network of operational centers enable J.
P. Morgan Payments to deliver a consistent set of services to clients no matter where they are across the world.