Payments Transformation Senior Business Analyst
- Recruiter
- JP Morgan Chase
- Location
- London, Greater London, United Kingdom, United Kingdom
- Salary
- Competitive salary
- Posted
- 18 Oct 2021
- Closes
- 26 Oct 2021
- Ref
- 210099685
- Approved employers
- Approved employer
- Job role
- Business analyst, CFO
Job Description
Payments Transformation: Business Analyst - Vice President
Location: Bournemouth or London, ENG, GB
About J.P. Morgan Treasury Services
J.P. Morgan Treasury Services (TS) is one of the world's largest providers of treasury management services. J.P. Morgan's TS business is a full-service provider of innovative cash management, trade, liquidity, commercial card, and escrow services - specifically developed to meet the challenges treasury professionals face today. More than 135,000 corporations, financial institutions, governments and municipalities in over 180 countries and territories entrust their business to J.P. Morgan.
About the Team
The Payment Strategy Product Team is responsible for product strategy, development and commercialisation of both high and low value payments services that J.P. Morgan delivers to Financial Institution, Non-Bank Financial Institution, Corporate and Commercial Bank clients globally. These services include Direct Clearing as well as Correspondent based settlement solutions to the client. The team is deployed globally across the WHEM, EMEA and APAC regions.
About the Position
This is an important role in the Pod structure based on the agile methodology. The Pod comprises of Product, Operations, Technology and Testing representatives and this role is to lead the requirements definition process i.e. the elaboration process ensuring that all the functional and non-functional requirements are clearly defined and test cases articulated in the form of epics and demo goals.
The role is also responsible for driving the overall delivery of the project and supporting the pod lead in completion of the various project deliverables including engagement with the internal and external partners, defining the test strategy, planning the milestones, execution tracking and other project governance activities.
This includes but is not limited to:
Business Analysis:
Documentation and process mapping:
Risk management:
Other responsibilities:
Required Skills / Experience
Proficiency in the following:
About Us
J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.
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. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.
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.
The Wholesale Payments Product Delivery organization is responsible for scaling and integrating payments platforms across Commercial Banking and the Corporate & Investment Bank, by defining the product strategy, segmenting clients and packing solutions against these segments, determining the end-to-end delivery strategy, managing product launches and enabling the sales teams.
Payments Transformation: Business Analyst - Vice President
Location: Bournemouth or London, ENG, GB
About J.P. Morgan Treasury Services
J.P. Morgan Treasury Services (TS) is one of the world's largest providers of treasury management services. J.P. Morgan's TS business is a full-service provider of innovative cash management, trade, liquidity, commercial card, and escrow services - specifically developed to meet the challenges treasury professionals face today. More than 135,000 corporations, financial institutions, governments and municipalities in over 180 countries and territories entrust their business to J.P. Morgan.
About the Team
The Payment Strategy Product Team is responsible for product strategy, development and commercialisation of both high and low value payments services that J.P. Morgan delivers to Financial Institution, Non-Bank Financial Institution, Corporate and Commercial Bank clients globally. These services include Direct Clearing as well as Correspondent based settlement solutions to the client. The team is deployed globally across the WHEM, EMEA and APAC regions.
About the Position
This is an important role in the Pod structure based on the agile methodology. The Pod comprises of Product, Operations, Technology and Testing representatives and this role is to lead the requirements definition process i.e. the elaboration process ensuring that all the functional and non-functional requirements are clearly defined and test cases articulated in the form of epics and demo goals.
The role is also responsible for driving the overall delivery of the project and supporting the pod lead in completion of the various project deliverables including engagement with the internal and external partners, defining the test strategy, planning the milestones, execution tracking and other project governance activities.
This includes but is not limited to:
Business Analysis:
- Lead business analyst for defining the business requirements for development and commercialisation in order to meet the firm's business objectives
- Cover functional and non-functional requirements including but not limited to Product features, Operational requirements, Regulatory and Compliance requirements, UI, Customer reporting, Sanctions, Resiliency and Scalability and the requirements must meet current and future Business and market demands
- Perform impact analysis for business initiatives to determine key business groups that will be required to undergo technical or operational process change
- Understand client, regulatory and clearing requirements, the usage of Payments Products by corporate and FI clients and prioritise the requirements based on data analysis and strategic business need
Documentation and process mapping:
- Articulate and document process flows including customer interactions, Ops intervention, end to end flows, data handoffs, etc.
- Document the Business Requirements required to enable development groups to build target state products, processes and technology, review and approve target state documentation for process, technical or service changes
- Conduct a thorough transition process to ensure that following the approval of Business Requirements, all functional groups across Operations, Technology, and Service units are clear and informed on what is required to define their respective target state operating models
Risk management:
- Understand the risks and propose mitigation options
- Provide support during the performance of business testing and validation thorugh ad-hoc consultation and query management
- Anticipate internal and external factors impacting the global payment strategy and implementing plans to mitigate risks and capitalize on opportunities.
- Defect analysis, prioritisation and exploring alternative solutions
Other responsibilities:
- Conduct walk through and training sessions to update stakeholders and user groups
- Independently leading an initiative working with cross functional teams
- Coaching and mentoring the Associate business analysts and junior resources in the team
Required Skills / Experience
- Proven track record of Business analysis and requirement definition
- Extensive payment processing domain and clearing knowledge especially low-value clearings like SEPA and BACS
- Understanding of the Agile model and experience of defining the requirements using demo goals
- Understanding of the broader external market and upcoming regulatory changes
- Ability to build partnerships and work in a collaborative environment
- Strategic thinker with the ability to motivate and drive tactical execution
- Creative problem solver, capable of developing innovative and differentiated solutions
- Understanding and experience of using JIRA
- Solid track record of success in supporting large-scale initiatives and ability to lead virtual requirements teams across geographies
- Project management experience
Proficiency in the following:
- Relationship building and influencing skills
- Analytical skills and attention to detail in written documentation
- Organisational skills and time management
- Communication skills - able to articulate a business vision or requirement through multiple business functions and at differing management levels
- Presentation skills - written, visual, and verbal
- Meeting/workshop facilitation
- Leadership skills - able to bring multi-functional groups together to work towards a common goal
- Self-motivated and driven to achieve targets and deliverables
- Project planning skills
About Us
J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.
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. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.
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.
The Wholesale Payments Product Delivery organization is responsible for scaling and integrating payments platforms across Commercial Banking and the Corporate & Investment Bank, by defining the product strategy, segmenting clients and packing solutions against these segments, determining the end-to-end delivery strategy, managing product launches and enabling the sales teams.
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