Full-Time
Updated on 3/14/2025
Global financial services and investment banking
No salary listed
Senior
New York, NY, USA
JPMorgan Chase & Co. provides a wide range of financial services to individuals, small businesses, corporations, governments, and institutions across more than 100 markets worldwide. Its services include investment banking, asset management, financial transaction processing, and consumer banking, which encompasses personal banking, mortgages, credit cards, and auto financing. The company operates by leveraging its extensive expertise and proprietary data to deliver high-quality financial products and services, generating revenue through interest income, service fees, and trading commissions. What sets JPMorgan Chase apart from its competitors is its commitment to integrity, service, and growth, along with its focus on social responsibility, including initiatives to support veterans and community development. The company's goal is to strengthen the workforce and support communities while providing valuable economic insights through the JPMorgan Chase Institute.
Company Size
10,001+
Company Stage
IPO
Headquarters
New York City, New York
Founded
1959
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Health Insurance
Flexible Work Hours
Paid Sick Leave
Paid Holidays
Financial industry executives believe that companies have little choice but to use artificial intelligence (AI) to navigate today’s increasingly complex regulatory environment and faster product development cycles. “In 2025, there is pretty much no compliance without AI, because compliance became exponentially harder,” said Alexander Statnikov, co-founder and CEO of Crosswise Risk Management. “Think about all the change management that happens with regulations. Now, states will be stepping in. How you stay on top of it?”. It’s a similar story with business product development cycles
Fund aims for consistent returns while providing exposure to U.S. equityNEW YORK, March 14, 2025 /PRNewswire/ -- J.P. Morgan Asset Management (JPMAM) today announced the launch of the JPMorgan U.S. Research Enhanced Large Cap ETF (JUSA) on the New York Stock Exchange. This innovative ETF expands J.P. Morgan's Research Enhanced range, providing investors with a suite of investment strategies for long-term capital appreciation."JUSA exemplifies the core principles of J.P
Hickory Point Bank & Trust makes new investment in JPMorgan Chase & Co. (NYSE:JPM).
Payroll payments provider Papaya Global reportedly added Citibank as a sponsor bank, joining the company’s other sponsor, JPMorgan Chase.The relationship with Citi will enable Papaya Global to expand to new geographic regions, Payments Dive reported Monday (March 10), citing its interview with Papaya Global CEO Eynat Guez.With the addition of Citi as a sponsor, Papaya Global will keep enhancing its cross-border payments capabilities that currently encompasses 160 countries and 130 currencies, and serves clients in the U.S., Europe, Latin America and Asia, according to the report.“Multinational organizations simply cannot rely on error-prone manual inputs, capricious data security, changing FX rates, and erratic land dates when paying employees and contractors,” the company said in the report.Papaya Global did not immediately reply to PYMNTS’ request for comment.The company said Wednesday (March 5) that it formed a partnership with verification and compliance solutions provider Sumsub, in which Sumsub will offer Papaya artificial intelligence (AI)-powered fraud prevention and verification solutions.“When you enable global workforce payments, as we do at Papaya, thorough compliance and security is a top priority,” Amit Levi, senior vice president of product at Papaya Global, said at the time in a press release. “Anything less than that simply isn’t acceptable when serving enterprise clients. With Sumsub, we can take our compliance engine to the next level and deliver at scale, supporting our clients and their employees.”Papaya Global teamed up with cross-border payment platform dLocal in April to enable global firms to pay employees worldwide in local currencies in a timely fashion.The partnership launched in Latin America, including Chile, Colombia and Mexico; in Asia, including Indonesia and Vietnam; and in Africa, with plans to expand to additional territories.“The partnership with dLocal is exciting, because it speaks to the core of our mission at Papaya,” Ori Shilo, vice president of business development and partnerships at Papaya Global, said at the time in a press release. “Together, we are reshaping the global payments landscape, ensuring a premium payment experience without borders or compromises, and providing our customers with a strong base for scale and growth.”
Wells Fargo reportedly sued JPMorgan Chase on Monday (March 10), alleging that the bank knowingly made a loan based on faulty numbers, knowing that the loan would later be sold off in pieces to investors.In its lawsuit, Wells Fargo seeks to recover losses for investors, Reuters reported Monday.Reached by PYMNTS, JPMorgan Chase declined to comment on the report.The case involves a $481 million commercial real estate loan made in 2019, according to the report.Wells Fargo alleges that JPMorgan Chase learned before the purchase closed that the seller had overstated the property’s historical net operating income by 25% but went ahead with the loan because parts of it would be sold to investors, the report said.When the borrower defaulted in 2022, investors lost tens of millions of dollars, per the report.With its lawsuit, Wells Fargo aims to force JPMorgan Chase to repurchase the loan or pay damages for breach of contract, according to the report.It was reported in November that double commercial property loan defaults were at their highest point in 10 years.This situation raised worries that a lending practice known as “extend and pretending” was masking an increasing system risk and that the increase in loan modification was distorting loan markets.In October, the New York Federal Reserve warned that lenders seemed in many cases to be offering breaks to property borrowers for the sole purpose of delaying a write-off.“Banks’ ‘extended-and-pretended’ their impaired commercial real estate mortgages in the post-pandemic period,” the central bank’s researchers wrote, cautioning that generous modifications could lead “to credit misallocation and a build-up of financial fragility.”In April, it was reported that banks were facing a $2 trillion “wall” of property debt and must reduce their exposure to commercial real estate as that debt comes due.“Banks will be under pressure,” Newmark CEO Barry Gosin told the Financial Times (FT) in an interview posted April 1.Newmark, a real estate advisory and brokerage company, said at the time that the estimated $2 trillion of U.S. commercial real estate debt maturing between then and 2026 would have to be refinanced at much higher interest rates