Risk Management - Fraud Risk - Senior Associate

Location: Columbus, OH, United States

Job Family: Credit Risk

About the Role

At JP Morgan Chase, we are a leading global financial services firm with a strong commitment to managing risks effectively across our diverse portfolio of products. The Risk Management - Fraud Risk - Senior Associate role within the Card Fraud Oversight team plays a critical part in safeguarding our card products from fraudulent activities. Based in Columbus, OH, this position falls under the Credit Risk category and involves monitoring, analyzing, and reporting on fraud trends to protect our clients and minimize financial losses. As a Senior Associate, you will contribute to a dynamic team that leverages advanced analytics and technology to stay ahead of sophisticated fraud schemes in the competitive financial services landscape. In this role, you will dive deep into fraud data across credit, debit, and prepaid card portfolios, using tools like SQL and Python to identify patterns and anomalies. You will collaborate with technology, compliance, and product teams to implement robust detection systems and ensure compliance with regulations such as PCI DSS and GLBA. Your responsibilities will include conducting root cause analyses, developing mitigation strategies, and presenting insights to senior leaders, helping to shape JP Morgan Chase's fraud prevention framework. This position requires a proactive approach to emerging threats, including those driven by digital payments and cyber risks, in a fast-paced banking environment. We value professionals who bring a blend of technical expertise and strategic thinking to the table. Joining JP Morgan Chase means access to world-class resources, ongoing professional development, and the opportunity to impact one of the world's largest financial institutions. If you have a passion for fraud risk management and a track record in financial services, this role offers a platform to advance your career while contributing to our mission of delivering secure and innovative banking solutions.

Key Responsibilities

• Monitor and analyze fraud activity across JP Morgan Chase card products, including credit, debit, and prepaid cards
• Develop and maintain fraud risk models and detection algorithms to identify emerging threats
• Prepare detailed reports on fraud trends, losses, and mitigation strategies for senior management
• Collaborate with cross-functional teams, including technology, compliance, and product groups, to enhance fraud prevention measures
• Conduct root cause analysis of fraud incidents and recommend process improvements
• Ensure adherence to regulatory requirements and internal policies in fraud oversight
• Support the implementation of new fraud detection tools and technologies within the Card Fraud Oversight team
• Track key performance indicators (KPIs) for fraud metrics and provide actionable insights
• Assist in training and awareness programs for fraud risk across the organization
• Contribute to the strategic planning for fraud risk management in the credit risk category

Required Qualifications

• Bachelor's degree in Finance, Business, Risk Management, or a related field
• Minimum of 5 years of experience in fraud risk management, preferably in the financial services industry
• Strong understanding of credit card fraud detection and prevention methodologies
• Proficiency in data analysis tools and fraud monitoring systems
• Experience with regulatory compliance in fraud oversight (e.g., PCI DSS, GLBA)
• Demonstrated ability to analyze complex fraud patterns and trends
• Excellent communication skills for reporting to senior stakeholders

Preferred Qualifications

• Advanced degree (MBA or Master's in Risk Management)
• Certification in fraud examination (e.g., CFE) or anti-money laundering (e.g., CAMS)
• Prior experience at a major financial institution like JP Morgan Chase
• Knowledge of machine learning applications in fraud detection
• Experience leading cross-functional teams in risk oversight

Required Skills

• Data analysis and visualization (e.g., SQL, Python, Tableau)
• Fraud detection and risk modeling techniques
• Regulatory knowledge in financial services (e.g., OCC, FDIC guidelines)
• Analytical thinking and problem-solving
• Attention to detail in monitoring fraud patterns
• Communication and presentation skills for reporting
• Project management and stakeholder collaboration
• Proficiency in Microsoft Office Suite (Excel, PowerPoint)
• Understanding of machine learning for anomaly detection
• Risk assessment and mitigation strategies
• Team leadership and mentoring
• Adaptability to evolving fraud threats
• Technical writing for policy and procedure documentation
• Quantitative analysis skills
• Ethical decision-making in high-stakes environments

Benefits

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

JP Morgan Chase is an equal opportunity employer.