The Vice President in Finance & Business Management is responsible for overseeing vendor management and third-party oversight while ensuring compliance and managing financial health assessments.
Job Description
Global Finance & Business Management works to strategically manage capital, drive growth and efficiencies, maintain financial reporting and proactively manage risk. By providing information, analysis and recommendations to improve results and drive decisions, teams ensure the company can navigate all types of market conditions while protecting our fortress balance sheet.
The Portfolio Manager is expected to partner with Delivery Managers to oversee the execution requirements set forth in the Global Supplier Management Policy and Third Party Oversight (TPO) Standards for their portfolio of engagements. This role is responsible for managing the full lifecycle of vendor engagement, starting with onboarding into the corporate tools through steady state and off-boarding. The position reports directly to the Global Technology CFO COO Executive Director of Core Shared Services, which is a consolidated shared services function that includes Inventory Management, Inter-Affiliate Services (IAS) and Business Management services.
The successful candidate should have a proven track record and prior experience in one or more of the following roles:
Job responsibilities:
Required qualifications, capabilities and skills:
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
Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.
Global Finance & Business Management works to strategically manage capital, drive growth and efficiencies, maintain financial reporting and proactively manage risk. By providing information, analysis and recommendations to improve results and drive decisions, teams ensure the company can navigate all types of market conditions while protecting our fortress balance sheet.
Global Finance & Business Management works to strategically manage capital, drive growth and efficiencies, maintain financial reporting and proactively manage risk. By providing information, analysis and recommendations to improve results and drive decisions, teams ensure the company can navigate all types of market conditions while protecting our fortress balance sheet.
The Portfolio Manager is expected to partner with Delivery Managers to oversee the execution requirements set forth in the Global Supplier Management Policy and Third Party Oversight (TPO) Standards for their portfolio of engagements. This role is responsible for managing the full lifecycle of vendor engagement, starting with onboarding into the corporate tools through steady state and off-boarding. The position reports directly to the Global Technology CFO COO Executive Director of Core Shared Services, which is a consolidated shared services function that includes Inventory Management, Inter-Affiliate Services (IAS) and Business Management services.
The successful candidate should have a proven track record and prior experience in one or more of the following roles:
- Third Party Risk Management
- Vendor Management/Delivery Management/Vendor Portfolio Management
- Third Party Oversight
- Procurement/Sourcing for IT products and services
Job responsibilities:
- Supports and oversees completion of all Third Party Oversight (TPO) and line of business Vendor Management requirements by working with stakeholders through completion of deliverables during the Onboarding, Steady State and Disengagement phases.
- Works with all key stakeholders including Supplier Oversight, Supplier Assurance, Sourcing, Legal, Compliance, and Legal Entity Local Contacts etc. to produce all TPO related deliverables.
- Identifies and resolves data integrity issues (e.g. validation of benefitting legal entities, APAC supplemental data requirements).
- Manages and monitors the portfolio of engagements for which they are responsible, including:
- Approaching contract expiration dates to mitigate gaps in contract coverage
- Timely and appropriate handling or escalating any indications of potential issues
- Regulatory Country Assignments, Compliance Assignments, and Risk Overlays
- Scorecard completion with accurate information and evidence to back up ratings
- Financial Health Assessment findings
- Supplier Containment requirements
- Prepares monthly reporting of Portfolio Management Book of Work providing a complete preview of all deliverables due in the coming 30 to 60 days.
- Facilitates the completion of all regulatory country compliance, data privacy impact, and legal compliance reviews to ensure all engagements are compliant with the Corporate TPO Program.
- Supports internal and external audit RFIs relating to Vendor Management and Third Party outsourcing.
- Perform Quality Checks on information in the appropriate corporate tools to ensure systems are up to date with information that aligns to the contracts.
- Validate application information from the corporate application Inventory repository to ensure alignment with the appropriate vendor engagement details.
Required qualifications, capabilities and skills:
- 5+ years of experience in a vendor or TPO oversight, risk/controls, or audit related role is required.
- Recent experience in vendor portfolio management, delivery management, 3rd party risk management, sourcing, TPO, and/or vendor management.
- Experience with onboarding new vendors, inherent risk ratings, vendor performance scorecards, 3rd party IT Risk assessments, contract reviews, regulatory requirements.
- Demonstrated ability to lead and influence across organizational and geographical boundaries.
- Strong control orientation, analytical, communication and negotiation skills.
- Ability to read a contract and validate required information.
- Experience in a matrix management framework - i.e. manage by influence without direct authority.
- Identify and implement best practices, process improvements and automation, leveraging industry best practices.
- Superior communication, presentation and collaboration skills.
- Ability to build rapport, garnering respect and appropriately exercising authority in a collaborative cross-cultural environment.
- Advanced knowledge of MS Office Products. Confluence and/or JIRA experience a plus. Experience with procurement tools (Ariba or similar) and IT Risk Management tools (Archer or similar).
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
Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.
Global Finance & Business Management works to strategically manage capital, drive growth and efficiencies, maintain financial reporting and proactively manage risk. By providing information, analysis and recommendations to improve results and drive decisions, teams ensure the company can navigate all types of market conditions while protecting our fortress balance sheet.
Top Skills
Archer
Ariba
Confluence
It Risk Management Tools
JIRA
Ms Office Products
Procurement Tools
Similar Jobs at JPMorganChase
Financial Services
The role involves optimizing business performance, driving initiatives, mitigating risks, analyzing financial performance, and collaborating with various departments and external providers.
Financial Services
Manage end-to-end transaction execution for credit facilities, including documentation negotiation and collaboration with internal and external stakeholders to ensure timely resolution of issues.
Financial Services
The Receivables Product Solutions Manager leads solution development in payments, collaborates with sales, and enhances client product experiences by addressing needs and industry trends.
Top Skills:
FintechPayments
What you need to know about the Sydney Tech Scene
From opera to comedy shows, the Sydney Opera House hosts more than 1,600 performances a year, yet its entertainment sector isn't the only one taking center stage. The city's tech sector has earned a reputation as one of the fastest-growing in the region. More specifically, its IT sector stands out as the country's third-largest, growing at twice the rate of overall employment in the past decade as businesses continue to digitize their operations to stay competitive.
