Payments – Unit Cost - Associate

The Commercial & 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.

Global Finance & Business Management works to strategically manage capital, promote growth and efficiencies, maintain financial reporting and proactively manage risk. By providing information, analysis and recommendations to improve results and promote decisions, teams ensure the company can navigate all types of market conditions while protecting our fortress balance sheet.

Job Summary:

As an F&BM Payments – Unit Cost Associate within the Corporate Investment Banking (CIB) Unit Costing Team, you will be tasked with the development and implementation of unit costs for the Payments business using an Activity Based Costing methodology. You will be working closely with senior Product Managers, Business Managers, and respective Operations/Technology management teams to derive appropriate unit costs to promote pricing and profitability analytics. Your role will also involve building complex Alteryx models and Tableau reporting views, requiring a strong knowledge of QlikSense. You will be collaborating with the Pricing and Product Management teams to align how the unit costs help promote commercial deal pricing for the firm. Your role will be crucial in coordinating with the Corporate Investment Banking (CIB) Allocations team to ensure unit costs are incorporated in the firm’s financial reporting system.

Job responsibilities:

• Develop an in-depth understanding of the financial hierarchy, business/product structure, cost objects and the Activity Based Costing (ABC) principle. With this understanding, the candidate will manage costing study refreshes in collaboration with multiple stakeholders. This includes defining activities and cost objects, establishing production expense base and determining the business drivers (e.g. headcount, volumes etc.) to be used.
• Build complex Alteryx models as well tableau reporting views. A strong knowledge of QlikSense is also required.
• Collaborate with the Pricing and Product Management teams to engage and align how the unit costs help drive commercial deal pricing for the firm.
• Work with the global Payments Unit Costing team on the annual planning cycle and volume collation processes.
• Coordinate with CIB Allocations team to ensure unit costs are incorporated in the firm’s financial reporting system
• Serve as a subject matter expert who is able to quickly address questions and liaise with Product/Business management (across line of businesses – CIB, CB, CCB etc.) on queries relating to costing.

Required qualifications, capabilities, and skills:

• Qualified graduate with minimum of 3+ years of relevant financial services experience, with finance and/or operations experience 
• Demonstrates analytical skills and ability to present findings in a concise and logical manner to stakeholders
• Demonstrates communication and influencing skills as well as organizational and project management skills (i.e., ability to define /create processes and execute complicated processes) 
• Strong work ethic, willingness to learn and a self-starter who is able to research issues/problems and develop solutions with the team

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.