U.S. Benefits Design and Strategy Vice President – Medical Benefits Initiatives

Location: Jersey City, NJ, United States

Job Family: Benefits & Employee Services

About the Role

At JP Morgan Chase, we are a leading global financial services firm with a commitment to fostering a diverse and inclusive workplace where our 250,000+ employees can thrive. As the U.S. Benefits Design and Strategy Vice President – Medical Benefits Initiatives, you will play a pivotal role in shaping the medical benefits landscape for our U.S. workforce. Based in our state-of-the-art office in Jersey City, NJ, you will lead transformative projects that enhance employee well-being while managing costs in alignment with our firm's strategic goals. This position within the Benefits & Employee Services category offers the opportunity to influence benefits strategies that support our mission of delivering superior client experiences through a healthy, engaged team. In this high-impact role, you will spearhead the design and optimization of medical benefits programs, including health insurance plans, wellness initiatives, and preventive care offerings tailored to the needs of our financial services professionals. You will collaborate closely with executive leadership, HR partners, and external consultants to navigate complex regulatory environments and drive innovation in healthcare delivery. Responsibilities include conducting market analyses, forecasting benefit trends, and implementing data-driven enhancements that promote equity and accessibility, all while ensuring compliance with U.S. laws and JP Morgan Chase's high standards of governance. We seek a visionary leader passionate about employee-centric benefits in the financial sector. Joining our US Benefits team means contributing to a culture of excellence and innovation, where your expertise will directly impact the lives of thousands. This role not only offers professional growth through exposure to cutting-edge HR practices but also the chance to be part of a firm renowned for its resilience and forward-thinking approach in global finance.

Key Responsibilities

• Develop and execute strategic initiatives for U.S. medical benefits programs, aligning with JP Morgan Chase's overall compensation and benefits philosophy
• Lead the design, negotiation, and implementation of medical, dental, and vision benefit plans, ensuring cost-effectiveness and employee satisfaction
• Analyze healthcare trends, regulatory changes, and market benchmarks to recommend enhancements to benefits offerings
• Collaborate with internal stakeholders, including HR, Finance, and Legal teams, to ensure compliance with federal and state regulations such as HIPAA and COBRA
• Manage relationships with external vendors and brokers to optimize medical benefits delivery and control costs
• Conduct financial modeling and forecasting for benefits budgets, presenting insights to senior leadership
• Drive employee engagement initiatives related to medical benefits, including open enrollment communications and wellness programs
• Monitor benefits utilization data to identify opportunities for innovation, such as value-based care models
• Support M&A activities by integrating acquired entities' benefits into JP Morgan Chase's framework
• Contribute to the broader U.S. Benefits strategy, fostering a culture of inclusion and well-being in a diverse financial services workforce

Required Qualifications

• Bachelor's degree in Human Resources, Business Administration, Finance, or a related field; Master's degree or MBA preferred
• 8+ years of experience in benefits design, strategy, and implementation, with a focus on medical benefits in a large corporate environment
• Proven track record in leading medical benefits initiatives within the financial services industry, including compliance with ERISA and ACA regulations
• Strong understanding of U.S. healthcare landscape, including vendor management for medical, dental, and vision plans
• Experience in financial modeling and cost analysis for employee benefits programs
• Demonstrated ability to collaborate with cross-functional teams in a fast-paced, regulated financial institution
• Excellent project management skills with experience using tools like Workday or similar HRIS systems

Preferred Qualifications

• Certified Employee Benefits Specialist (CEBS) or equivalent certification
• Prior experience at a major financial institution like JP Morgan Chase, handling benefits for a workforce exceeding 50,000 employees
• Knowledge of global benefits strategies and their integration with U.S. medical programs
• Experience in change management and employee communications for benefits rollouts
• Familiarity with data analytics tools for benefits utilization and trend forecasting

Required Skills

• Strategic planning and benefits design
• Regulatory compliance (ERISA, ACA, HIPAA)
• Vendor negotiation and management
• Financial modeling and budgeting
• Data analysis and reporting
• Project management
• Cross-functional collaboration
• Change management
• Employee communications
• Healthcare industry knowledge
• HRIS proficiency (e.g., Workday)
• Problem-solving and decision-making
• Leadership and team influence
• Analytical thinking
• Adaptability in a dynamic financial environment

Benefits

• Comprehensive medical, dental, and vision insurance plans with multiple coverage options
• 401(k) Savings Plan with company match up to 6% of eligible compensation
• Paid time off including vacation, sick days, and parental leave
• Tuition reimbursement and professional development programs
• Wellness programs with incentives for health screenings and fitness activities
• Employee Stock Purchase Plan at a discount
• Flexible work arrangements and hybrid options in Jersey City, NJ
• Retirement health savings accounts and life insurance coverage

JP Morgan Chase is an equal opportunity employer.