Fraud Strategy Deposit Acquisition - Senior Associate

Location: Columbus, OH, United States

Job Family: Risk Analytics/Modeling

About the Role

At JPMorgan Chase, we are at the forefront of financial services innovation, and our Risk Management teams play a pivotal role in safeguarding our clients and operations. As a Fraud Strategy Deposit Acquisition Senior Associate in our Columbus, OH office, you will join a dynamic team focused on protecting deposit acquisition processes within our Consumer Banking division. This role involves foreseeing potential fraud risks in high-growth areas like new account openings and digital onboarding, solving complex challenges through data-driven insights, and innovating beyond traditional norms to enhance security without compromising customer experience. Your work will directly contribute to boosting sustainable growth at one of the world's largest financial institutions, where you'll leverage cutting-edge analytics to stay ahead of sophisticated fraud schemes in the competitive banking landscape. In this position, you will develop sophisticated fraud detection models tailored to deposit products, analyzing vast datasets of transaction and behavioral data to identify anomalies. Collaborating closely with technology, product, and compliance partners, you'll implement strategies that balance robust risk controls with seamless user experiences, ensuring adherence to stringent regulations like those from the FDIC and OCC. You'll also conduct in-depth investigations into fraud trends, provide actionable recommendations to mitigate losses, and support the launch of new deposit initiatives by embedding fraud prevention from the ground up. This role demands a proactive mindset, where you'll continuously refine models using advanced techniques like machine learning to adapt to evolving threats in the financial services industry. JPMorgan Chase values experts who thrive in fast-paced environments and are passionate about risk innovation. As a Senior Associate, you'll have opportunities to mentor team members, influence enterprise-wide strategies, and grow your career through our renowned development programs. If you have a strong foundation in risk analytics and a drive to protect and propel our banking services forward, this position offers a chance to make a meaningful impact on millions of customers while advancing your expertise in one of the most respected names in global finance.

Key Responsibilities

• Develop and enhance fraud detection models specifically for deposit acquisition channels at JPMorgan Chase
• Analyze transaction patterns and customer behaviors to identify emerging fraud risks in consumer banking
• Collaborate with product, technology, and compliance teams to implement innovative risk mitigation strategies
• Monitor and report on key fraud metrics, providing insights to senior leadership for strategic decision-making
• Conduct root cause analysis on fraud incidents and recommend process improvements to reduce losses
• Leverage advanced analytics and machine learning to optimize fraud prevention while minimizing customer friction
• Ensure compliance with federal regulations and internal JPMorgan Chase policies in all fraud strategy initiatives
• Support the integration of new deposit products by assessing and addressing associated fraud vulnerabilities
• Mentor junior analysts in risk modeling techniques and best practices in financial services
• Contribute to the continuous improvement of JPMorgan Chase's overall risk management framework

Required Qualifications

• Bachelor's degree in Finance, Economics, Statistics, Computer Science, or a related field
• Minimum of 5 years of experience in risk management, fraud analytics, or deposit acquisition within the financial services industry
• Proven expertise in developing and implementing fraud detection strategies for consumer banking products
• Strong understanding of regulatory requirements such as AML, KYC, and BSA in the banking sector
• Experience with data analysis tools and programming languages used in financial risk modeling
• Ability to work collaboratively in cross-functional teams to mitigate financial risks
• Demonstrated track record of innovating risk solutions in a high-volume transaction environment

Preferred Qualifications

• Advanced degree (Master's or MBA) in a quantitative field
• Experience at a major financial institution like JPMorgan Chase or similar
• Certification in fraud examination (e.g., CFE) or risk management (e.g., FRM)
• Prior work on deposit acquisition fraud models in a retail banking context
• Familiarity with machine learning applications in fraud prevention

Required Skills

• Proficiency in SQL and Python for data querying and analysis
• Expertise in statistical modeling and risk analytics
• Knowledge of machine learning algorithms for fraud detection
• Strong analytical and problem-solving abilities
• Experience with tools like SAS, R, or Tableau for visualization
• Understanding of financial regulations and compliance standards
• Excellent communication skills for presenting complex data to stakeholders
• Project management skills for leading cross-functional initiatives
• Attention to detail in high-stakes financial environments
• Adaptability to evolving fraud tactics in banking
• Team collaboration and leadership in risk teams
• Familiarity with big data technologies like Hadoop or Spark
• Quantitative modeling for predictive risk assessment
• Ethical decision-making in sensitive financial data handling
• Innovation in developing scalable fraud solutions

Benefits

• Competitive base salary and performance-based annual bonuses
• Comprehensive health, dental, and vision insurance plans
• 401(k) retirement savings plan with generous company matching
• Paid time off including vacation, sick days, and parental leave
• Professional development opportunities through JPMorgan Chase's internal training programs
• Employee stock purchase plan and financial wellness resources
• On-site fitness centers and wellness programs at Columbus facilities
• Flexible work arrangements and hybrid work options

JP Morgan Chase is an equal opportunity employer.