Please Note
- An estimate based on public data for similar roles. Not provided by the employer.
Payment Lifecycle Manager I (Nostro)
Role summary
Written by MyIslandJob from the job title and employer. See the employer's page for the full description.
The Payment Lifecycle Manager I (Nostro) supports the accurate and timely processing, monitoring, and reconciliation of correspondent-bank payments and Nostro accounts. Requirements typically include a bachelor’s degree, relevant banking or financial-operations experience, strong analytical and problem-solving skills, attention to detail, and proficiency with Microsoft Office and transaction-processing systems. Knowledge of payment investigations, reconciliations, settlement processes, SWIFT messages, and operational controls is advantageous. The candidate is expected to manage transactions within service-level agreements, investigate exceptions, communicate clearly with internal teams and banking partners, follow risk and compliance procedures, and suggest process improvements. Flexibility for shifts, including possible regional or international coverage, may be required.
Can I work in the Philippines?
Never pay anyone for a visa or a job offer. A real employer pays the permit costs and never asks you for money.
How it works
How it works: Work permit route: the bank must post the job for Filipinos first, then file the permit and the 9(g) visa; senior and specialist posts are the realistic ones.
Before you apply: Dealing, advising and senior roles usually need a regulator's licence or approval, which checks your honesty, skills and finances. Ask if your job does.
Watch for: Graduate analyst roles are the hardest case: a permit is issued only if no Filipino is competent, able and willing to do the job (Labor Code, article 40).
Official source: Bureau of Immigration: Pre-arranged Employment Visa (9G). Checked November 2026.
What the job usually comes with in the Philippines
Usual for Banking jobs in the Philippines, varies by employer. Checked November 2026.
| Housing | Senior expat packages often add a housing allowance; local-hire contracts do not |
|---|---|
| Relocation | Employer files the permit and visa; fees are agreed in the contract; moving help for senior hires only |
| Flights | Yearly home flight in some senior expat packages; none for local hires |
| Contract | Regular after at most 6 months' probation (by law); foreigners' contracts follow the permit, 1 to 3 years |
| Leave | 5 days after 1 year; 10 regular holidays and 8 special days in 2026 (by law) |
| Income tax | 0% to PHP 250,000 a year (about USD 4,000), then 15% to 35%; 13th month tax-free to PHP 90,000 |
| Health cover | PhilHealth is deducted from pay and matched by the employer (by law); a company health plan is the office norm |
Senior staff often get more than line staff, for example a single room or a yearly home flight. Ask the employer what the job includes before you accept.
Guidance, not legal advice. Rules change; your employer confirms the details for your case.
About JP Morgan Chase
JPMorgan Chase & Co. is one of the world’s largest financial-services companies, providing consumer banking, commercial banking, investment banking, asset management, payments, and securities services. Headquartered in the United States, the firm serves individuals, businesses, governments, and institutional clients across many countries. Its operations and technology teams support global payment networks, trading platforms, risk management, client service, and financial processing. In the Philippines, JPMorgan Chase maintains major operations in Metro Manila, particularly in Manila and Taguig, where employees support international businesses across banking, technology, finance, and operations. The company is known for structured career development, large-scale systems, professional training, and strong control standards. Employees typically work in collaborative, highly regulated environments where accuracy, confidentiality, teamwork, and customer impact are important.