Fraud Strategy Product Associate

JPMorgan Chase

  • Edinburgh Midlothian
  • Permanent
  • Full-time
  • 1 month ago
Job Category: Product ManagementJob Description:About the jobInternational Consumer Banking (ICB)International Consumer Banking is at the heart of JPMC's expansion of the Chase Brand into new markets. We recently launched Chase UK and purchased Nutmeg, the UK's largest digital wealth services provider. We are continuing our journey of innovative ways to attract customers, deepen engagement and drive increased satisfaction through delightful interactions with digital products and experiences. Our team is at the heart of driving this transformation, focused on developing innovative offerings that put the customer at the center. We believe that engaging, relevant and contextual content is at the heart of personalized customer experiences. We're also committed to designing content for reuse in a way that's measurable and consistent.Culture is important to us and we are looking for intellectually curious, honest, passionate, and hungry individuals who are motivated to use and expand their skills, while working on a new and exciting venture. ICB's unwavering commitment to attract, train, develop, and retain the best talent is on constant display within its highly visible Control Management organization.The Fraud Strategy FunctionThe Fraud strategy function leads the 1st line of defence business for fraud risk, including ownership of the fraud strategy and control framework across all products and channels. Working inside a specialist fraud team to ensure transaction monitoring and controls are optimized to reduce fraud risk whilst ensuring 1st class client experience.Fraud Product focuses on four areas: * Working with the Product and Engineering Squads to optimize Fraud Capability through continuous transformation
  • Working with Analytics on the Implementation of rules and strategies in the fraud monitoring systems
  • Working with the 2nd line fraud risk teams to ensure models, rulesets and strategies are effective.
  • Sharing best practice across JP Morgan Chase & Co.
Role Responsibilities:
  • Delivery of an end to end digital fraud decisioning strategy that optimizes fraud detection and client experience utilizing fraud scores and rules across a disparate set of vendors and fraud vectors
  • Drive fraud strategies using data from multiple fraud prevention vendors - Optimize these to ensure decisioning capability is enhanced to protect customers and the firm from fraud.
  • Ownership of a Detection and decisioning strategy that ensures we have key data fields flowing into the fraud monitoring system that can optimize fraud strategy and rulesets
  • Identification of future fraud risks that are driven by product or channel development and mitigation of these risks through appropriate strategies
  • Working across a wide group of teams (product teams, payments, engineering, technology, risk) to ensure that key partners are aware of all of the fraud
  • Communicate effectively across teams and gain credibility by understanding end to end impacts of the fraud strategies that are implemented
  • Collaborate effectively with colleagues across the firm including: business, technology, product management, operations management, legal, compliance, risk, audit, and technology control functions to drive engagement with the fraud prevention program of work
  • Key understanding of innovation and operational impacts of managing digital fraud detection strategy with multiple input data points from a wide range of vendor systems
  • Monitor and optimize model performance by developing a strong working relationship with the specialist Risk Models team.
  • Act as a fraud subject matter expert for the SME Business and share best practice across the firm
Qualifications and experience:
  • Bachelor's degree or equivalent experience required, ideally in a science, computing, engineering or mathematics based subject
  • Experience in a first or second line fraud role, in a policy, strategy or analytics specialism, with knowledge of SME.
  • Experience of delivering in an agile environment.
  • Experience of working with authentication strategy and authentication tools (behavioral biometrics / device intelligence)
  • Experience in management / optimisation of fraud prevention tools. Eg Sira / Hunter, ThreatMetrix, Falcon, Arcot, RSA, FeatureSpace ARIC, and behavioural biometrics vendors
  • Exceptional problem solving and analytical skills. Solid critical thinking and analysis in technical scenarios, attention to detail and able to synthesize large amounts of data and formulate creative and innovative solutions to complex problems.
  • Ability to solve problems from first principles, taking innovative approaches to address user needs.
  • Communication/presentation - excellent written and verbal communication skills with an ability to influence business leaders in a meaningful and actionable manner.
  • Networking -interpersonal skills; collaboration, openness and relationship building skills
  • Able to work autonomously to affect change - flexible, adaptable to shifting priorities; manages competing priorities to achieve the most effective result and able to work in a fast-paced, results driven environment.
  • Vendor management - ability to understand a vendor product offering and ability to integrate into current technology stack
  • Ideally will have a background in banking or consumer products, clear interest in innovation and technology.
About Us: J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our for more information about requesting an accommodation.About the Team:Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.The Digital team is dedicated to creating innovative, industry-leading products and experiences that help customers access, share and control their financial data so they can make smart decisions with their money. Teams enable innovation while adhering to the firm's data sharing principles of security, customer control and convenience, and privacy.

JPMorgan Chase