Payment Regulatory Reporting Operations - Associate

Location: Madrid, Spain

Job Family: Business Analysis

About the Role

At JP Morgan Chase, we are a leading global financial services firm with a strong presence in Europe, particularly in Madrid, where our Payments Business drives innovation in cross-border transactions and digital payments. As a Payment Regulatory Reporting Operations Associate in the Business Analysis category, you will play a pivotal role in managing regulatory operations to support our Payments Business. This position involves ensuring compliance with a complex landscape of global regulations, including EU-specific directives like PSD2 and anti-money laundering (AML) requirements, while standardizing processes across our international operations. You will contribute to maintaining JP Morgan Chase's reputation as a trusted partner in the financial industry by mitigating risks and enhancing operational efficiency in payment reporting. Your key focus will be on overseeing the end-to-end regulatory reporting lifecycle, from data aggregation to submission to bodies such as the European Central Bank and national authorities. Collaborating closely with cross-functional teams in Madrid and globally, you will analyze regulatory updates, implement standardized compliance frameworks, and leverage technology to automate reporting processes. This role demands a proactive approach to identifying gaps in current operations and driving initiatives that align with JP Morgan's commitment to ethical banking and regulatory excellence. You will also support audit preparations and provide insights that inform strategic decisions in our Payments division. Joining JP Morgan Chase offers unparalleled opportunities for growth in a dynamic environment where innovation meets tradition. In this Associate-level position, you will work in a collaborative culture that values diversity and inclusion, with access to cutting-edge tools and mentorship from industry leaders. If you have a passion for regulatory affairs in finance and a drive to make a tangible impact on global payments, this role in Madrid will allow you to advance your career while contributing to the firm's mission of powering the progress of individuals and communities worldwide.

Key Responsibilities

• Oversee daily regulatory reporting operations for payment activities, ensuring accuracy and timeliness in submissions to global regulators
• Collaborate with the Payments Business team to implement standardized processes that comply with international regulations like GDPR and AML directives
• Analyze regulatory changes and assess their impact on JP Morgan Chase's payment operations in Europe
• Develop and maintain reporting frameworks, including automation of data collection and validation processes
• Conduct quality assurance reviews and audits of regulatory reports to mitigate compliance risks
• Support cross-regional teams in Madrid and other hubs to drive consistent regulatory adherence
• Identify opportunities for process improvements and contribute to strategic initiatives in payment regulatory operations
• Liaise with internal stakeholders and external regulators to resolve reporting discrepancies and ensure alignment
• Monitor key performance indicators (KPIs) for regulatory compliance and report on operational efficiency
• Participate in training programs to enhance team knowledge on evolving payment regulations

Required Qualifications

• Bachelor's degree in Finance, Business Administration, Economics, or a related field
• Minimum of 3-5 years of experience in regulatory reporting, compliance, or operations within the financial services industry
• Strong understanding of global payment regulations such as PSD2, SEPA, and Basel III
• Proficiency in data analysis and reporting tools relevant to financial operations
• Experience in managing cross-functional teams in a high-pressure regulatory environment
• Fluency in English; additional proficiency in Spanish or other European languages is advantageous
• Relevant certifications such as FRM, CFA, or regulatory compliance qualifications

Preferred Qualifications

• Advanced degree (Master's or MBA) in Finance or related discipline
• Prior experience working at a global financial institution like JP Morgan Chase
• Knowledge of EU regulatory frameworks and their impact on payment systems
• Demonstrated project management experience in regulatory transformation initiatives
• Familiarity with JP Morgan's internal systems and payment processing platforms

Required Skills

• Regulatory compliance knowledge
• Data analysis and interpretation
• Financial reporting expertise
• Project management
• Attention to detail
• Problem-solving abilities
• Communication skills (written and verbal)
• Stakeholder management
• Proficiency in Microsoft Excel and SQL
• Understanding of payment systems (e.g., SWIFT, SEPA)
• Risk assessment and mitigation
• Time management in fast-paced environments
• Team collaboration
• Adaptability to regulatory changes
• Analytical thinking

Benefits

• Competitive base salary and performance-based annual bonuses
• Comprehensive health, dental, and vision insurance coverage
• Retirement savings plan with generous company matching contributions
• Paid time off including vacation, sick leave, and parental leave
• Professional development opportunities through JP Morgan's internal training programs and tuition reimbursement
• Employee stock purchase plan and other financial wellness benefits
• Flexible work arrangements, including hybrid options in Madrid
• Global mobility programs and career advancement support within JP Morgan Chase

JP Morgan Chase is an equal opportunity employer.