India Branch - Payments Operations (FEMA) - Analyst

Location: Mumbai, India

Job Description

Join a team supporting cross-border payments and foreign exchange operations. You will manage payment processing, investigate client issues, and maintain strong controls under India regulatory requirements. This role suits someone who is analytical, client-focused, and comfortable managing time-sensitive work.

As an Analyst in Payments Operations, you will process and validate trade and non-trade foreign exchange payments, review supporting documents, and manage regulatory checks. You will investigate payment issues, manage client queries, and reconcile nostro and vostro accounts. You will work with clients and internal teams to resolve issues, meet service commitments, and reduce repeat errors.
Job responsibilities
Process and validate cross-border payments, checking purpose codes, deal references, charges, foreign exchange rates, tax details, and supporting documents.
Review trade documents, including invoices, shipping and transport evidence, bill of entry and authorised dealer codes, export realisation documents, and contracts.
Track export realisation and import remittance timelines and support reporting for current and capital account transactions.
Check eligibility and limits under the Liberalised Remittance Scheme and other applicable Foreign Exchange Management Act requirements.
Maintain control evidence and maker-checker checks, and escalate exceptions or suspicious activity to Compliance.
Investigate payment rejects, returns, recalls, beneficiary non-receipts, and amendments using payment tracking and case management tools.
Manage a portfolio of corporate clients and partner with Client Service and Implementation teams on onboarding and query resolution.
Reconcile nostro and vostro accounts and end-of-day balances; investigate breaks and aged items using TLM, TLM GREX, or equivalent systems.
Complete daily control sign-offs and support audit readiness, including segregation of duties and sanctions screening.
Analyse recurring issues, identify root causes, update procedures, and share guidance to reduce repeat errors.

Required qualifications, capabilities, and skills

Bachelor’s degree in Commerce, Finance, Business, or a related field.
Minimum 2 years of experience in foreign exchange operations covering trade and non-trade payments within a bank or global financial institution.
Strong knowledge of Foreign Exchange Management Act (FEMA) and Reserve Bank of India requirements for current and capital account transactions.
Experience with purpose-code mapping, the Liberalised Remittance Scheme, export realisation timelines, and trade documentation standards.
Experience investigating payment exceptions and completing nostro or vostro reconciliations.
Strong client service, communication, and stakeholder management skills, with the ability to work under high volumes and tight service deadlines.
Strong analytical skills, attention to detail, and sound judgement when escalating issues.
Ability to manage multiple priorities and meet time-sensitive deadlines.

Preferred qualifications, capabilities, and skills
Certified Anti-Money Laundering Specialist qualification, or currently studying toward it.
Familiarity with Alteryx or Tableau.
Developing experience using AI-powered analytics, workflow automation, or intelligent process tools to drive efficiency gains, reduce manual effort, or improve accuracy in operational processes

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.

J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.

Job Info
Job Identification
210807071
Job Category
Transactions
Posting Date
11/11/2026
Job Schedule
Full time
Job Shift
Day
Locations
LEVEL 3 and 4 J.P. MORGAN TOWER, OFF CST ROAD KALINA SANTACRUZ EAST, Mumbai, IN-MH, 400098, IN