Job Description

This role will be part of the Licensing & Regulatory Management team in JP Morgan and would be working on IDPMS compliances for the entity as a major requirement and will also be supporting other regulatory submissions and interactions related to SEZ and STPI and connected compliance requirements for the Firm.

As an Associate within the Licensing & Regulatory Management team, you will lead day‑to‑day compliance execution for India’s Import Data Processing and Monitoring System (IDPMS), ensuring timely closure of import transactions with Authorised Dealer (AD) banks and robust documentation in line with RBI/FEMA and customs requirements. You will coordinate cross‑functionally to reconcile Bills of Entry and Outward Remittance Messages (ORM), prepare management reports on open items and aging, and drive resolution of mismatches with AD banks. In addition, you will support broader regulatory submissions and interactions related to Special Economic Zones (SEZ), Software Technology Parks of India (STPI), and other applicable authorities, maintaining strong stakeholder relationships and delivering pragmatic, compliant solutions

Job responsibilities

• Oversee working with relevant internal teams in monitoring and updating the import transactions (Bill of Entry, Outward Remittance Message) and sharing the same with the AD Bank for closure. Maintain accurate documentation, including invoices and shipping bills, bill of entries as per RBI/AD Bank requirements.
• Coordinate with the internal teams to obtain details on matching bill of entries and obtain details on Outward Remittance Message (ORM) to confirm that foreign payments correspond with the actual goods entering India.
• Prepare monthly reports on open IDPMS entries, aging, pending documentation, and compliance risks for management.
• Review requirements of declarations and update and finalize the formats as per requirement and work with AD bank and authorized signatory to get the same finalized and submitted.
• Coordinate with the internal stakeholders to obtain required information and submit the same to the AD Bank.
• Coordinate with Authorised Dealer (AD) banks to clear pending entries, resolve mismatches and submit necessary documents to close the import cycle.
• Ensuring Compliance with local laws and regulations including Software Technology of Parks India Regulations, Directorate General of Foreign Trade, Pollution Control Board, Special Economic Zones
• Ensuring and tracking these requests through the online tracking tools and coordinating with the internal teams to get their support on submitting the requests online
• Engaging with senior stakeholders, establishing and maintaining good relations with key regulatory authorities. Devising pragmatic yet compliant solutions. Exhibiting high levels of professional maturity.
• Ensuring scope of work review and updates on a timely basis. Overseeing and monitoring services rendered by regulatory vendors, conducting governance discussions and ensuring adherence to SLAs and TPI invoice reviews.
  

Required qualifications, capabilities, and skills

• In-depth understanding of Foreign Trade Policy, EXIM policy, RBI guidelines, FEMA regulations and Customs procedures.
• Good presentation and communication skills and adept at managing excel sheets and Microsoft applications for data collation.
• Hands on experience in Banking (Trade Finance) or Corporate Treasury/Accounts Payable.

Preferred qualifications, capabilities, and skills

• Law or related area of experience would also be preferred
• Experience working with AD Bank portals, ICEGATE, or ERP systems e.g., SAP, Oracle and understand low code or digitization requirements for vendor payment document management.
• Experience in working on global trade applications.

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 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.