I got offer for senior manager with good hike. Currently working in JP Morgan. Seeing a lot of bad reviews such hiring firing, PIP, is job security a concern ?

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Congratulations. As Senior Manager, you will be assigned to fire others, not the other way round!!
Job security is not a concern for you at least for 2-3 yrs. Even for non-managers, we only know of PIP right now, not mass/planned layoff, and any upcoming layoff too would be less in numbers, purly on performance basis (at least for coming 1-2 yrs).

So for you, job security is no concern. But do expect some bad politics, service based company like culture in many teams, and friction with US teams due to ongoing layoffs and restructuring there.

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You might be our manager then hahahaha...

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As software dev guys suggestes , I agree with that, since this is new setup, big organization and things are settling day by day, no as such negative concern

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Can I know in which department?

Because PIP generally happening in IT teams and not other teams

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Just casually askng , are you from data background??

Yes

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