Subsidiary Payments Sales Manager - Vice President

JPMorganChase; Jersey City (NJ); On-site; USD 120,000 - 180,000; Full time

Job summary

JPMorganChase in Jersey City is seeking a Payments Sales Manager to drive the end-to-end client experience for a Large Corporate inbound payments portfolio in North America. You will develop new business, structure solutions, and build a strong pipeline with Global Corporate Banking, Subsidiary Banking, and Product.

The role requires deep market knowledge, the ability to engage senior clients, and collaboration with internal teams to deliver treasury, cash management, working capital, and

Qualifications

• 6+ years of experience in financial services sales with payments and cash management.
• Proven ability to develop and deepen senior client relationships.
• Deep knowledge of payments, including treasury, merchant acquiring, and working capital.
• Strong leadership, presentation, and communication skills.
• Ability to negotiate and execute large projects.

Responsibilities

• Deepen and grow existing market relationships
• Develop new profitable business from prospective clients with bankers
• Engage with internal teams to provide integrated treasury solutions
• Collaborate with product teams to reflect client perspectives
• Understand client goals, strategies, and industry trends to position JPM Payments
• Position JPM Payments against competitors
• Manage client meetings and the sales process including RFIs/RFPs
• Develop client knowledge and share with coverage team
• Address risk, legal, and AML due diligence reviews
• Work with subsidiary banking coverage to expand business and cross-sell

Skills

Financial services sales

Relationship management

Payments ecosystem knowledge

Leadership & communication

Negotiation

Education

Bachelor's degree in Business Administration, Finance, or related field

Job description

Job Description

Join the North America Subsidiary Payments Sales team! As a key individual contributor on the team, you will drive the end-to-end client experience for an inbound Payments portfolio of Large Corporate Asia Pacific HQ clients.

Job Description

Join the North America Subsidiary Payments Sales team! As a key individual contributor on the team, you will drive the end-to-end client experience for an inbound Payments portfolio of Large Corporate Asia Pacific HQ clients.

As a Payments Sales Manager (PSM) within the Payments Corporate Sales team, you will be responsible for developing new business from clients within the Subsidiary Payments Sales vertical. You will be expected to structure relevant U.S & Canada Payments solutions for clients with value to the firm (goal will vary by position) as well as build a strong pipeline of opportunities.

In order to achieve the sales goal, each PSM is expected to execute a comprehensive selling strategy in conjunction with Global Corporate Banking, Subsidiary Banking, and Product. You will also be required to collaborate with stakeholders across the business - client service, implementation, operations, technology, risk, credit, legal in order to optimize delivery. You will also be responsible for actively gaining a thorough understanding of the market, the industry in which the client operates, the client's organizational and operating structure, buying process, regional nuances and business objectives to effectively position J.P. Morgan and Payments solutions optimally.

Job Responsibilities

• Deepen and grow existing market relationships
• Work in partnership with bankers to develop new profitable business from prospective clients
• Engage J.P. Morgan Payments Solutions, bankers and clients at senior and strategic levels to provide integrated treasury solutions within a consultative and client driven framework
• Partner with internal product stakeholders when representing the client perspective in the development/evolution of complex products and solutions
• Understand clients' business goals, environments, strategies, and industry trends to better determine their requirements and identify potential new business opportunities for J.P. Morgan Payments via appropriate solution(s); traditional cash management, trade & working capital, liquidity, TSFX, commercial card and merchant acquiring.
• Understand the competitions' capabilities and gaps, and how to position J.P. Morgan Payments
• Manage client visitation and contact; promoting sales through frequent client meetings and discussions covering new products, market and industry developments
• Manage proposal writing and the entire sales process including both competitive RFIs/RFPs
• Develop and enhance in-depth client knowledge and share it with the client coverage team for both new business development and management of client risk
• Address business issues such as risk, legal, and compliance, and manage resolution, including conducting AML due diligence reviews of high-risk industry clients.
• Work closely with the subsidiary banking coverage team to drive efforts to expand existing business with current clients, providing feedback to product managers and generating cross-sell opportunities by maintaining strong working relationships with other J.P. Morgan lines of business

Required Qualifications, Skills And Capabilities

• Strong experience in a financial services sales focused role, providing payments and cash management services (6+ years industry experience)
• Demonstrated ability to develop and deepen senior client relationships
• Deep knowledge of payments ecosystem covering transaction banking, merchant acquiring and working capital
• Ability to develop creative solutions to optimize working capital levels across the organization
• Ability to develop collaborative relationships with key internal partners -Sales, Product Management, Client Service, Global Corporate Bank, Investment Banking and Implementations
• Must have strong leadership, presentation and communication skills
• Proven ability to negotiate and execute large scale projects
• Bachelor's degree or equivalent in Business Administration, Finance, or a related field

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

A part of the Commercial & Investment Bank, J.P. Morgan Payments enables organizations of all sizes to execute transactions efficiently and securely, transforming the movement of information, money, and assets. The team of experts tackles complex challenges at every stage of the payment lifecycle. And their industry-leading solutions facilitate seamless transactions across borders, industries, and platforms.

Operating in over 160 countries and handling more than 120 currencies, J.P. Morgan Payments business is the largest processor of USD payments, with a daily transaction volume of $10 trillion.