Cost and Commercial Manager, Riverside South

Shape the commercial success of one of JPMorganChase’s most critical London developments. In this Executive Director role, you will drive cost discipline, procurement excellence, and risk management across the full project budget lifecycle. You will partner closely with senior stakeholders and steer external advisers to deliver transparency, rigor, and value-for-money outcomes. If you thrive in fast-paced environments where decisions matter and governance is non-negotiable, this is your opportunity. As a Cost and Commercial Manager, Riverside South in Global Real Estate, you will help manage and control cost and commercial aspects of the Riverside South development to achieve JPMorganChase’s commercial objectives, at the best price and in the best time, while minimizing risk and meeting controls and governance requirements. You will report to the Cost and Commercial Managing Director for Riverside South and work closely with the broader United Kingdom Global Real Estate team and project stakeholders. You will guide and manage the project’s cost consultant and support joined-up decision-making through clear analysis, transparent reporting, and strong judgment.Job responsibilities Develop a robust, value-for-money project budget and keep it current as scope, brief, or market conditions changeLead budget alignment by ensuring the team designs to budget and by driving value engineering and design optimizationBuild and maintain a single, integrated project cash-flow forecast by collating and reconciling individual cash flowsReconcile the project budget with relevant business-as-usual budgets so funds are allocated effectively for the businessContribute to the overall procurement strategy across core and shell, office fit-out, amenities, direct contracts, and free-issue itemsAssess main contractors and key trade contractors for covenant strength and capability, supporting selection of best-in-class teamsManage the end-to-end tendering process, including market engagement, pre-qualification, bid evaluation, and recommendationsSupport supply chain negotiations and identify practical commercial levers to protect value and reduce delivery riskReview cost consultant deliverables (estimates, cost plans, options analyses, value engineering, and variations) and provide clear challenge and directionOversee change management and cost control processes, including contingency planning, forecasting, and timely commercial decision supportMonitor project risk and governance processes, including progress payments and the rolling final account to avoid financial surprisesRequired qualifications, capabilities, and skillsExperience in cost and commercial management on large-scale construction or real estate development projectsExperience owning project budgeting, forecasting, and cost control processes through full project lifecycleDemonstrated experience leading tendering processes (pre-qualification through evaluation and recommendation)Proven capability in procurement strategy development and supplier/contractor evaluationDemonstrated experience reviewing and challenging cost plans, estimates, options analyses, and change/variation impactsStrong risk management capability, including costing risks and driving mitigation actions to closureExperience operating in a controlled governance environment with audit and monitoring requirementsStrong stakeholder management skills, including partnering with senior business leaders and cross-functional teamsExcellent analytical skills with ability to translate commercial analysis into clear decisions and recommendationsStrong written and verbal communication skills, including senior-level reporting and transparency on cost and riskExperience directing external advisers (for example, cost consultants and project monitors) and coordinating multi-party inputsPreferred qualifications, capabilities, and skillsExperience working on major headquarters or complex, high-profile urban developments with multiple interfacesDemonstrated success running value engineering and design optimization workshops with design teams and stakeholdersExperience mitigating geopolitical and market risks through commercial and contracting strategiesExperience coordinating closely with sourcing/procurement, controls, governance, and design management partnersTrack record of convening focused working sessions to resolve commercial issues and maintain cost control disciplineExperience managing both tower and infrastructure works scopes and handling scope interfaces effectivelyPrior experience in a fast-paced environment requiring strong judgment and rapid, well-documented decision-makingJ.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.
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.
Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we’re setting our businesses, clients, customers and employees up for success.Full timePosting Date: