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Pricing Strategy Product Manager - Payments - Vice President
JPMorgan Chase & Co.Jersey City, United Statesfull_timeVerifiedPosted 11 Jun 2024
About the role
You enjoy shaping the future of product innovation as a core leader, driving value for customers, guiding successful launches, and exceeding expectations. Join our dynamic team and make a meaningful impact by delivering high-quality products that resonate with clients.
As a Product Manager in Product Pricing strategy, you are an integral part of the team that innovates new product offerings and leads the end-to-end product life cycle. As a core leader, you are responsible for acting as the voice of the customer and developing profitable products that provide customer value. Utilizing your deep understanding of how to get a product off the ground, you guide the successful launch of products, gather crucial feedback, and ensure top-tier client experiences. With a strong commitment to scalability, resiliency, and stability, you collaborate closely with cross-functional teams to deliver high-quality products that exceed customer expectations.
Job responsibilities
JPMorgan Chase & Co., 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.
As a Product Manager in Product Pricing strategy, you are an integral part of the team that innovates new product offerings and leads the end-to-end product life cycle. As a core leader, you are responsible for acting as the voice of the customer and developing profitable products that provide customer value. Utilizing your deep understanding of how to get a product off the ground, you guide the successful launch of products, gather crucial feedback, and ensure top-tier client experiences. With a strong commitment to scalability, resiliency, and stability, you collaborate closely with cross-functional teams to deliver high-quality products that exceed customer expectations.
Job responsibilities
- Develops a product strategy and product vision that delivers value to customers
- Manages discovery efforts and market research to uncover customer solutions and integrate them into the product roadmap
- Owns, maintains, and develops a product backlog that enables development to support the overall strategic roadmap and value proposition
- Builds the framework and tracks the product's key success metrics such as cost, feature and functionality, risk posture, and reliability
- Oversees End-to-end ownership and centralizing authority for overall pricing curve, pricing benchmarks and pricing exception approvals.
- Drive pricing innovation and strategy which includes overall Pricing Framework (detailed pricing/cost curves, cost-to-serve, cost-to-acquire), rev share agreements with other Products like Omnichannel, EFS and TS
- Focus on New Product Pricing (packages, bundles etc.) for acquiring solutions
- Own tactical and strategic pricing enhancements/implementations including Pricing Tooling design ownership (Universal Pricing Calculator etc.) & pricing sheet design
- Design and Drive MS Unit Costing efforts (Fixed, Variable; Cost to Serve, Cost to Acquire) with FBM/FP&A
- Champion and socialize strategic innovations and changes with the rest of the organization
- 5+ years of experience or equivalent expertise in product management or a relevant domain area
- Advanced knowledge of the product development life cycle, design, and data analytics
- Proven ability to lead product life cycle activities including discovery, ideation, strategic development, requirements definition, and value management
- Experience managing teams, either directly or indirectly, including coaching and development of junior team members
- Experience managing projects on behalf of multiple stakeholders
- Demonstrated prior experience working in a highly matrixed, complex organization
- Degree in quantitative and/or business discipline (e.g., economics, statistics, scientific fields, etc.); Masters, MBA is a plus
- Innovative mindset; ability to identify and pioneer new concepts without fear of failure; strong detail orientation, capable of translating high-level innovations into tangible, actionable project plans
- Analytical approach to problem solving, able to assess market landscape, recognize patterns and evolving opportunities, and offer creative solutions; create business cases for proposed solutions, as well as work with deadlines and be adaptable to unexpected demands
- Appreciation of legal and regulatory parameters and a firm commitment to maintaining a strong Controls environment; capture revenue opportunity and key risks (including implementation challenges) and mitigants to those risks
JPMorgan Chase & Co., 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. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits inclu
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