What are the responsibilities and job description for the Risk Management - Risk Oversight Lead for Faster Payments - Vice President position at JPMorgan Chase?
Bring your expertise to JPMorganChase. 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 a Risk Management Oversight Lead for Faster Payments Vice President in the Consumer & Business Banking Risk Management group, you will play a pivotal role in safeguarding our payment products and services. You will evaluate and recommend effective fraud and scam controls to Chase's agile product owners for both new business initiatives and existing payment processes. Leveraging your expertise in Zelle, RTP, FedNow, etc. and other innovative payment features, you will proactively identify and assess potential risk scenarios. You will serve as a key member of the Risk Oversight team’s second line of defense, reviewing product and feature designs and advising on robust controls to ensure secure and resilient payment solutions for our customers. You will work in partnership with Legal, Compliance, and Controls teams to address emerging issues and concerns, providing timely and actionable guidance and communicate critical product challenges and risk insights to senior leadership, helping to shape strategic decisions and drive continuous improvement in our risk management practices.
Job Responsibilities
- Identify ways new and existing payment use cases can potentially facilitate fraud and scam scenarios, as well as facilitate operational and reputational risk
- Demonstrate working knowledge of cross-channel controls that are used to mitigate new and inherent risk in Digital
- Understand the faster payment rails, processes and flows you oversee just as well as the Product team
- Represent the interests of stakeholders in risk management
- Collaborate with the business to solve problems but escalates within the risk management framework when the business exposes the bank to risk in an unsafe way
- Remain 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
- Work well in a team environment, including cross-functional teams
Required qualifications, capabilities, and skills
- Bachelor's degree
- Minimum of 7 years in a Risk function (Fraud, Scams, or Reputational Risk)
- Experience with faster payments, i.e. Zelle, RTP, FedNow, etc.
- 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