Analyze payment network data, develop dashboards, conduct financial analyses, and implement AI/ML models to enhance operational processes.
Job Description
DESCRIPTION:
Duties: Analyze payment network, industry rule, debit card and credit card issuing and acquiring, compliance, merchant, and consumer data, driving card issuing and acquiring cost strategy. Design, develop and deploy comprehensive dashboard solutions. Define metrics and performance indicators critical to monitoring card network processing expenses and merchant discount rate, making actionable recommendations to payment network office relationship managers. Build analytical decks for senior leadership, synthesizing key performance metrics and actionable insights on network expense trends. Conduct data analyses using high- volume multidimensional datasets to develop international network strategies. Design and implement artificial intelligence and machine learning models to automate operational processes, including the downloading, reconciliation, and analysis of network expense invoices across all product lines. Design forecasting models to estimate payment transaction volume and network expense; build incentive models to optimize revenue and evaluate volume incentive agreements. Build payment network invoice databases and define mapping tables. Establish data validation frameworks to detect and address discrepancies in network-related datasets. Conduct root cause analyses to identify systemic issues and develop enhanced processes that mitigate risks and ensure data integrity. Optimize and restructure existing data environments to improve performance and scalability. Replace inefficient processes with high-speed automated workflows. Automate outdated reporting systems, including those used for billing aggregation, issuing analysis, marketplace tracking, and fines and penalty reporting. Conduct proactive reconciliation of ICAs, BINs, and other card network identifiers, including identifying active usage and gaps. Partner with product teams to gather requirements, extract implicit needs, and conduct root cause analyses to address underlying challenges. Provide insights into business line performance and identify solutions to existing challenges.
QUALIFICATIONS:
Minimum education and experience required: Master's degree in Finance, Financial Management, Data Science, or related field of study plus 1 year of experience in the job offered or as Business Analyst, Business Intelligence Analyst, or related occupation. The employer will alternatively accept a Bachelor's degree in Finance, Financial Management, Data Science, or related field of study plus 3 years of experience in the job offered or as Business Analyst, Business Intelligence Analyst, or related occupation.
Skills Required: This position requires experience with the following: Performing data manipulation and analysis using SQL, Python, and Excel, including VLOOKUP, INDEX MATCH and VBA; Conducting financial analysis, advanced modeling, and root cause analysis to identify financial discrepancies, growth opportunities, and insights on payment revenue and network expenses; Developing predictive analytics models to forecast merchant sales and expense impacts; Creating interactive dashboards for data visualization and analysis using Tableau; Applying analytical and operational processes for interchange, payment schemes, credit and debit cards, digital wallets, account updating, and tokenization; Developing and implementing incentive models and scenario analysis to optimize revenue; Enhancing existing data and operational processes, including billing operation, reconciliation, reporting workflows, and project management; Automating data collection, cleaning, and analysis processes using SQL and Python; Creating new datasets and tables using SQL and Python; Maintaining network product performance and settlement processes with global payment partners; Developing models to validate billing data; Identifying discrepancies and resolving data integrity issues; Performing expense reconciliations, including checking for accuracy and resolving record mismatch issues; and Reconciling SAP journal entries.
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, discretionary incentive compensation which may be 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. In addition, please visit: https://careers.jpmorgan.com/us/en/about-us.
Job Location: 10 South Dearborn St, Chicago, IL 60603
Full-Time. Salary: $115,700 - $115,700 per year.
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 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, paid in the form of cash and/or forfeitable equity, 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 & Co. is an Equal Opportunity Employer, including Disability/Veterans
About the Team
J.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.
DESCRIPTION:
Duties: Analyze payment network, industry rule, debit card and credit card issuing and acquiring, compliance, merchant, and consumer data, driving card issuing and acquiring cost strategy. Design, develop and deploy comprehensive dashboard solutions. Define metrics and performance indicators critical to monitoring card network processing expenses and merchant discount rate, making actionable recommendations to payment network office relationship managers. Build analytical decks for senior leadership, synthesizing key performance metrics and actionable insights on network expense trends. Conduct data analyses using high- volume multidimensional datasets to develop international network strategies. Design and implement artificial intelligence and machine learning models to automate operational processes, including the downloading, reconciliation, and analysis of network expense invoices across all product lines. Design forecasting models to estimate payment transaction volume and network expense; build incentive models to optimize revenue and evaluate volume incentive agreements. Build payment network invoice databases and define mapping tables. Establish data validation frameworks to detect and address discrepancies in network-related datasets. Conduct root cause analyses to identify systemic issues and develop enhanced processes that mitigate risks and ensure data integrity. Optimize and restructure existing data environments to improve performance and scalability. Replace inefficient processes with high-speed automated workflows. Automate outdated reporting systems, including those used for billing aggregation, issuing analysis, marketplace tracking, and fines and penalty reporting. Conduct proactive reconciliation of ICAs, BINs, and other card network identifiers, including identifying active usage and gaps. Partner with product teams to gather requirements, extract implicit needs, and conduct root cause analyses to address underlying challenges. Provide insights into business line performance and identify solutions to existing challenges.
QUALIFICATIONS:
Minimum education and experience required: Master's degree in Finance, Financial Management, Data Science, or related field of study plus 1 year of experience in the job offered or as Business Analyst, Business Intelligence Analyst, or related occupation. The employer will alternatively accept a Bachelor's degree in Finance, Financial Management, Data Science, or related field of study plus 3 years of experience in the job offered or as Business Analyst, Business Intelligence Analyst, or related occupation.
Skills Required: This position requires experience with the following: Performing data manipulation and analysis using SQL, Python, and Excel, including VLOOKUP, INDEX MATCH and VBA; Conducting financial analysis, advanced modeling, and root cause analysis to identify financial discrepancies, growth opportunities, and insights on payment revenue and network expenses; Developing predictive analytics models to forecast merchant sales and expense impacts; Creating interactive dashboards for data visualization and analysis using Tableau; Applying analytical and operational processes for interchange, payment schemes, credit and debit cards, digital wallets, account updating, and tokenization; Developing and implementing incentive models and scenario analysis to optimize revenue; Enhancing existing data and operational processes, including billing operation, reconciliation, reporting workflows, and project management; Automating data collection, cleaning, and analysis processes using SQL and Python; Creating new datasets and tables using SQL and Python; Maintaining network product performance and settlement processes with global payment partners; Developing models to validate billing data; Identifying discrepancies and resolving data integrity issues; Performing expense reconciliations, including checking for accuracy and resolving record mismatch issues; and Reconciling SAP journal entries.
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, discretionary incentive compensation which may be 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. In addition, please visit: https://careers.jpmorgan.com/us/en/about-us.
Job Location: 10 South Dearborn St, Chicago, IL 60603
Full-Time. Salary: $115,700 - $115,700 per year.
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 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, paid in the form of cash and/or forfeitable equity, 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 & Co. is an Equal Opportunity Employer, including Disability/Veterans
About the Team
J.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.
Top Skills
Excel
Python
SQL
Tableau
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