Risk Management - Fraud Risk - Senior Associate

JPMorgan Chase - Plano, TX

Full-time - Mid Level

Plano, TX

Credit Intermediation and Related Activities

About the position

As a Senior Associate in Fraud Risk within the Consumer & Business Banking (CBB) Risk Management group at JPMorgan Chase, you will play a pivotal role in safeguarding the firm against fraud while supporting its growth. Your expertise will be essential in analyzing various De-Risking and Controls agenda initiatives, particularly in the DDA New Account Originations area. This position requires a high level of analytical support for complex projects that involve sophisticated data analytics on large datasets. You will also manage the implementation and validations in collaboration with technology and product teams, ensuring that the firm's strategies are both effective and compliant with existing risk and control structures. In this role, you will develop a deep understanding of DDA New Account Originations, including the operational details and key risks associated with the underlying business processes. Your responsibilities will include analyzing DDA acquisition strategies to develop risk strategies that reduce fraud losses while enhancing revenue benefits for the firm. You will provide timely reporting and analytic support for the successful implementation of various De-risking initiatives, ensuring that robust business controls are consistently executed. Collaboration is key in this position, as you will work closely with IT, Systems, and Operations partners to implement new projects and communicate across lines of business and key stakeholder groups. You will critically assess fraud trends to identify gaps in fraud tools and develop innovative solutions to combat fraud effectively. Additionally, you will present your findings, recommendations, and insights to management, contributing to the development and implementation of best practices across the broader team, including stakeholders from digital, product, finance, and technology.

Responsibilities

• Analyze DDA Acquisition strategies and support efforts to develop risk strategies which reduces fraud losses and improves revenue benefit to the firm
• Develop an expertise in DDA New Account Originations and understand the operational details and key risks within the underlying business processes
• Provide analytic support and timely reporting for the successful implementation of various De-risking initiatives
• Coordinate with IT, Systems and Operations partners to implement new projects as required
• Ensure compliance with existing risk and control structure while driving future enhancements to risk and control structure
• Critically assess fraud trends to uncover gaps in fraud tools and develop new ways of combatting the fraud
• Provide accurate and concise results and present findings, recommendations and presentations to Management
• Collaborate across cross functional teams to knowledge share and develop broader insights into fraud and customer impacts
• Ensure robust business controls exist and are executed against on a consistent basis
• Partner closely with Operations, IT, marketing, finance, loss strategy owners, Retail bank leadership and digital leadership to ensure that all priorities are aligned
• Communicate across lines of business and all key stakeholder groups
• Participate in developing and implementing best practices across the broader team including stakeholders like digital, product, finance, technology

Requirements

• Master's/Bachelor's degree in a quantitative or business discipline from an accredited college/university required
• 3+ years of experience in analytics space
• 2+ years of SAS programming experience (PC, UNIX or mainframe)