J.P. Morgan's Corporate & Investment Bank (CIB) is a global leader across banking, markets and investor services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
Nostro Management is a global function responsible for Nostro Cash Account ownership throughout the full lifecycle. The team works closely with multiple other functions, including cash management, reconciliations, transfer pricing organization and network management. The purpose of this function is to drive improvement in the governance, control and management of JPMC's financial account framework.
Nostro management are responsible for defining and implementing the strategic operating model to manage the firm's third party and inter-entity nostros, including:
Management of the full population of Nostros within a consistent and structured framework
Deliver a consistent corporate-wide Nostro operating model
Change Management and Governance
Own firm-wide Nostro inventory and integrity of inventory data
Provide transparency of and reduce all Nostro costs
Analysis and remediation of existing structures and processes
The Nostro Management Associate will report to the Nostro Management Analysis & Execution Lead and support the team to achieve detailed analysis across the four functional pillars - Financial, Integrity, Lifecycle and Information. This is to support the wider TCIO led Cash as an Asset initiative.
Key responsibilities will include (but are not limited to):
Financial reporting, investigation and control of the Nostro population. Including partnering extensively with Financial control team to introduce effective compliance to Nostro Standards
Single point of contact for Nostro management in respect of specialized remediation activity
Detailed analysis and remediation of the E2E Nostro Lifecycle
Change Management - control change process for those nostros structures and relationships
Support monthly governance for all functions that are responsible for key processes that impact the life-cycle i.e. processes performed in amending existing structures with:
Lines of Business
Assist ATLAS team in ensuring data quality and integrity within Nostro inventory
Drive end-to-end consistency in information flows and control points to ensure optimum model for provision of statement, ledger & predictions
Partner with Liquidity, Credit and Other Risk functions to mitigate risk of discrepancy in structure
Education and partnering with LoB's, ensuring they:
provide correct and timely information for investigations
ensure ledgers, statements are entirely consistent
Data Analysis- Ability to source, manipulate and analyse large data sets. Present finding in a compelling manner and plan effective remediation. Extensive excel and tableau experience is desirable.
Project and Change Management. Execution focused and risk aware. Challenge the status quo and be persistent in implementing project plans.
Process design. Understand the strategic objective and work to a pre-agreed framework
Problem solver who has the ability to articulate clear and workable solutions
Escalates issues and concerns in a timely manner
Promotes partnership; encourages collaboration, information sharing and discussion to break down silos
Knowledgeable of banking functions, specifically, in one or more of the following areas: Finance, Network, Reconciliations, Cash Management, Risk and Controls
Experience using business analysis techniques and/or other relevant capabilities, such as data mining, process mapping, process improvement, measurement frameworks
Knowledge of end-to-end technology lifecycle
Builds/promotes a client/customer centred organization
Experience of Industrialisation of new processes
Experience of working in an Agile Environment
Experience of the following application: MagicDraw, Confluence/Jira, Microsoft products and Business intelligence applications such as Tableau/QlikView
Internal Number: 5871514
About J.P. Morgan
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