What are the responsibilities and job description for the Risk Management - Fraud Strategy Risk Lead - Vice President position at JPMorgan Chase?
Bring your expertise to JPMorgan Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.
As the Fraud Risk Strategy Oversight Lead (Vice President) within the Consumer & Business Banking Risk Management group, you will be responsible for the oversight of the with Fraud Strategy team by providing an independent point of view of risks associated with both new and existing business initiatives. You will play a critical role in evaluating fraud & scam related strategies across the Consumer Bank, ensuring risks are thoroughly assessed and mitigated. As a key member of the Risk Oversight team’s second line of defense, you will provide effective challenge to new strategic initiatives and offer an independent perspective on emerging fraud and scam trends. Additionally, you will independently monitor portfolio performance to identify emerging trends and potential risk for the firm.
Job Responsibilities
- Evaluate new Fraud Strategies or modifications to ensure that the Strategies team has identified all the risks and has included appropriate controls to mitigate risks
- Actively represent Risk Oversight and be a valued member of the Fraud ecosystem.
- Collaborate with the business to solve problems and escalates topics when the business exposes the bank to risk in an unsafe way
- Stay abreast of new/changes in provisioning, tokenization, authentication, technology, and Digital financial services
- Deconstruct and explain complex concepts and issues in a business-friendly manner to senior/executive management
- Work effectively as an individual contributor and collaborative team member on simultaneous projects.
- Possess excellent verbal and written communication skills and the ability to interact professionally with executives, managers, and subject matter experts
- Work well in a team environment, including cross-functional teams
Required qualifications, capabilities, and skills
- Bachelor's degree
- Minimum of 5 years in a control function (Audit, Controls, Operational Risk Management, Risk Management, Compliance) or other relevant function
- Critical thinking skills
- Ability to defend positions and influence with quantitative analysis developed with an analytical team
- Ability to work effectively with both business and technically oriented individuals
- Excellent written and verbal communication skills