Growing our Innovation Economy (IE) business - within the Commercial Bank and across the firm - and delivering the firm seamlessly to the IE client base, is a top priority for JPMorgan Chase. The IE business encompasses the entire Venture Capital ecosystem, including Partners, Founders, Portfolio Companies and their employees, and Venture Capital Firms; the business segment covers early and growth stage Technology, Disruptive Commerce, Life Sciences, Healthcare Services, and other industry specializations. Offering Value Added Services (VAS) is an important aspect of our IE growth strategy. VAS are additional services that are offered beyond our core banking products that enhance our overall solution, client satisfaction, and client retention.
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As an Executive Director, Innovation Economy Business Strategy, Value Added Services within the Commercial Bank, you will take the lead in managing fast-paced projects that are of high priority under the office of the CAO of the Innovation Economy business. Your responsibilities will include devising and implementing a long term focused VAS strategy for the innovation economy business. Execution of this strategy will include enhancing current product set as well and adding new solutions and services through partnerships with internal business units as well as external organizations whose solutions provide a strong fit with the needs of our innovation economy clients. These projects are team-based and necessitate significant collaboration with senior executives and cross-functional business partners.
Job responsibilities
- Develop and execute strategic priorities for Value Added Services (VAS) offering for the Commercial Bank's innovation economy clients in the Technology and Software; E-commerce and Consumer; Life Sciences and Healthcare; Climate-tech and Renewable Energy; and Venture Capital industries
- Conduct ongoing research to keep abreast of trends and forces shaping the Innovation Economy, and its impact an needs and preferences of high growth startups and VC firms. Perform competitive benchmarking of VAS offering with respect to similar services offered by banks, Fintechs, and other non-financial institutions.
- Scope and structure VAS projects with relevant workstreams and time lines
- Engage with clients to collect feedback on existing and potential future solutions
- Manage and report progress on a portfolio of initiatives and KPIs of existing VAS solutions to the executive leadership on a regular basis
- Liaise with third party companies to ensure success of external partnerships
- Collaborate with teams across LOBs and functional areas (e.g., fintech partnerships, legal, compliance, finance, product, marketing) on developing new products and maintaining success of existing solutions
- Develop and deliver executive-level communications summarizing findings and recommendations along with key timetables and milestones
- Develop junior team members
Required qualifications, capabilities, and skills
- 8+ years of experience in strategy consulting, corporate strategy, startups (FinTechs), investment banking, private equity / venture capital, strategic finance, or similar roles including at least 1+ years of experience leading teams
- Ability to structure and scope complex problems and apply a range of analytical tools to develop solutions
- Strong communication, presentation, and influencing skills - ability to collaborate and build relationships with colleagues at all levels and achieve goals without direct control over resources
- Intellectual curiosity and ability to develop subject matter expertise in new subjects quickly
- Advanced MS Excel and PowerPoint (PitchPro+) skills
- Open, collaborative, team-oriented operating style
Preferred qualifications, capabilities, and skills
- Knowledge of Venture Capital ecosystem
- Strategy consulting and commercial banking experience
FEDERAL DEPOSIT INSURANCE ACT: This position is subject to Section 19 of the Federal Deposit Insurance Act. As such, an employment offer for this position is contingent on JPMorganChase's review of criminal conviction history, including pretrial diversions or program entries.
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
J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.