JP Morgan Chase & Co.

Compensation, Incentive Administration – Vice President

JP Morgan Chase & Co.$150K — $180K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in incentive compensation or related field
  • Advanced Microsoft Excel skills for large datasets and calculations
  • Strong project management skills focusing on implementation and stakeholder communication
  • Expertise in developing procedures and controls for compliance
  • Exceptional problem-solving skills with meticulous attention to detail
  • Ability to interpret and translate complex plan provisions into practical processes
  • Proven written and verbal communication skills, especially for executive reporting

Responsibilities

  • Administer and interpret incentive compensation programs and guidelines
  • Validate incentive calculations and reporting with Finance
  • Research and resolve inquiries and escalations concerning incentive plans
  • Coordinate implementation activities for new incentive plans and changes
  • Manage cross-functional teams including HR, Finance, and Operations
  • Prepare executive summaries and reports on incentive administration status
  • Identify risks and process issues, driving improvement initiatives

Benefits

  • Comprehensive healthcare coverage
  • Retirement plan with employer matching
  • Generous paid time off policies
  • Opportunities for professional development and training
  • Access to employee assistance programs
Full Job Description
JOB DESCRIPTION

JPMorgan Chase is seeking a Vice President to join our Compensation team! 

As an Incentive Administration Vice President within our Compensation team, you will oversee the implementation, administration, governance and ongoing management of incentive compensation programs across Business Banking. You will support cross organization efforts with Consumer Bank at times and partner with Human Resources, Finance, Sales Strategy, Incentive Operations, Technology, Risk, Controls and business leaders to administer plans accurately, maintain effective governance and support business objectives. The role balances operational execution, implementation coordination and complex program administration, with a consistent focus on accuracy, controls, and continuous improvement. 

Job Responsibilities:

  • Administer incentive compensation programs and interpret plan provisions and administration guidelines; partner with Finance to validate incentive calculations, reporting outputs and payouts.
  • Support participant eligibility reviews, plan documentation, governance activities and approved plan updates.
  • Research and resolve incentive inquiries, exceptions and escalations using documented plan provisions and administration standards.
  • Coordinate implementation activities for approved incentive plan and system changes, including timelines, deliverables, dependencies, risks and stakeholder communications.
  • Coordinate cross-functional workstreams across Human Resources, Finance, Sales Strategy, Technology, Operations, Risk, Controls and the business.
  • Validate incentive calculations and reporting outputs, and provide incentive administration data to support reporting and analysis requests.
  • Prepare executive summaries, presentations and management reporting related to incentive administration, implementation status, issues and controls.
  • Maintain procedures, process documentation and administration standards; support audit, risk and control reviews.
  • Identify operational risks, data-quality issues and process gaps, and drive appropriate remediation, standardization and automation.
  • Partner with LOB Sales Strategy & Support and business stakeholders to evaluate the administration and calculation impacts of proposed plan changes.
  • Develop scalable administration solutions that improve calculation accuracy, controls, operational effectiveness and readiness for approved program changes.

Required Qualifications, Capabilities and Skills:

  • Experience developing procedures, process documentation and controls, and supporting governance, risk, audit or compliance activities.
  • Advanced Microsoft Excel skills and experience working with large datasets, complex calculations and data validation.
  • Strong implementation and project coordination skills, including planning, dependency management, risk identification and stakeholder communication.
  • Advanced analytical and problem-solving skills, with exceptional attention to detail.
  • Demonstrated ability to independently drive complex work to completion while managing multiple priorities.
  • Ability to interpret complex plan provisions and business rules and translate requirements into practical administration processes.
  • Strong written and verbal communication skills, including experience preparing executive-level presentations and management reporting.
  • Ability to influence and collaborate across diverse stakeholder groups and operate effectively in ambiguous or changing environments.
  • Demonstrated ownership, sound judgment and accountability, with the ability to balance urgency, accuracy and control.

 

Preferred Qualifications,  Capabilities and Skills:

  • Financial services experience.
  • Incentive Compensation Administration or Compensation Operations experience.
  • Experience supporting scorecard or performance-measurement programs from an administration or calculation perspective.
  • Business analysis and project implementation experience.
  • Experience with process improvement, operational excellence, automation or standardization initiatives.
  • Experience supporting governance committees, risk and control reviews, audits or complex cross-functional implementations.

 

About JP Morgan Chase & Co.

JP Morgan Chase & Co. stands at the forefront of the global financial services industry. They offer an expansive array of products and services to a diverse clientele, including individuals, corporations, governments, and institutions. Ever since the merger of J.P. Morgan & Co. and Chase Manhattan Corporation in 2000, this industry-leading entity has become renowned for its comprehensive portfolio encompassing consumer and community banking, corporate and investment banking, commercial banking, as well as asset and wealth management. Headquartered in the vibrant city of New York, JP Morgan Chase & Co. boasts a formidable presence across over 100 countries worldwide.

Unveiling Employment Opportunities at JP Morgan Chase & Co.

Vacancies and Hiring Initiatives

JP Morgan Chase & Co. is continuously on the lookout for talented individuals eager to contribute to its legacy of excellence. The company's recruitment efforts are geared towards identifying candidates with the right blend of skills and qualifications to drive forward its various business segments. Whether you are a seasoned professional or a recent graduate, JP Morgan Chase offers a plethora of job openings across multiple disciplines.

High-Demand Positions

Among the myriad of roles, certain positions stand out for their attractive compensation packages and career advancement prospects. Notably, high-paying jobs at JP Morgan Chase & Co. include Relationship Manager, Branch Manager, and Software Engineer. These roles are critical to the firm's operations and offer lucrative opportunities for those with the requisite expertise.

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Leveraging Job Portals and Job Alerts

For job seekers aiming to tap into the opportunities at JP Morgan Chase, staying updated through job portals and subscribing to job alerts is crucial. These tools can provide timely information about job openings, job fairs, and recruitment events, enabling candidates to apply promptly and prepare adequately for interviews.

Preparing Your Job Application

Your job application, comprising your resume and cover letter, is your ticket to securing an interview at JP Morgan Chase. Highlight your qualifications, skills, and experiences that align with the job listing, ensuring you stand out in the competitive job market.

Acing the Interview

Preparation is key to succeeding in your interview with JP Morgan Chase. Familiarize yourself with the company's business segments, values, and recent achievements. Demonstrating how your background and aspirations match the company's goals can significantly increase your chances of employment. A World of Job Opportunites in the Financial Services Industry JP Morgan Chase & Co. offers a world of job opportunities for those seeking to make their mark in the financial services industry. With competitive salaries, comprehensive benefits, and endless possibilities for growth, positions at JP Morgan Chase are highly coveted. By staying informed through job sites, tailoring your applications, and preparing thoroughly for interviews, you can enhance your prospects of joining the esteemed ranks of JP Morgan Chase employees. Explore the job board, seize the job opportunities, and embark on a rewarding career journey with one of the world's leading financial institutions.
Learn more about JP Morgan Chase & Co.
Size
661 employees
Market Cap
$384.5 billion
Industry
Net Income
$29.1 billion
Founded
1823
5 Year Trend
+0.7%
Revenue
$261.5 million
NASDAQ

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