JPMorgan Chase CCB Risk - Fraud Risk Forecasting – Associate in Columbus, Ohio
JP Morgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at http://www.jpmorganchase.com/ .
Our Firmwide Risk Function
Our Firmwide Risk function is focused on cultivating a stronger, unified culture that embraces a sense of personal accountability for developing the highest corporate standards in governance and controls across the firm. Business priorities are built around the need to strengthen and guard the firm from the many risks we face, financial rigor, risk discipline, fostering a transparent culture and doing the right thing in every situation. We are equally focused on nurturing talent, respecting the diverse experiences that our team of Risk professionals bring and embracing an inclusive environment.
Chase Consumer & Community Banking (CCB) serves consumers and small businesses with a broad range of financial services, including personal banking, small business banking and lending, mortgages, credit cards, payments, auto finance and investment advice. Consumer & Community Banking Risk Management partners with each CCB sub-line of business to identify, assess, prioritize and remediate risk. Types of risk that occur in consumer businesses include fraud, reputation, operational, credit, market and regulatory, among others
This Fraud Risk Forecasting Associate position will be part of the Chase Consumer and Community Banking (CCB) Fraud Risk Center of Excellence supporting the Consumer & Business Banking Fraud Risk Management teams. This individual will be responsible for assisting with forecasting all elements of the life cycle of Fraud, including attacks, detection, fraud claims and fraud losses. This individual will support Fraud Strategy, Finance and Operations teams by providing information to assist in strategy management, operations expense forecasting, and capacity planning. This individual will also share responsibility for identifying and root causing large dollar fraud cases, reporting daily results, and identifying drivers of forecast variances. This individual will be expected to be highly analytical, while demonstrating a strong desire and ability to partner across teams and functional areas.
Prepare periodic budgets and forecasts, including forecasts for periodic stress testing and risk appetite exercises.
Prepare accurate & timely daily, weekly and monthly reports for senior management and strategy partners
Partner with Fraud strategy teams to effectively manage fraud losses, quantify the impacts of business changes and changes in fraud patterns
Prepare intramonth projections of losses and proactively identify drivers of variances to budget/forecasts for that month
Coordinate with business partners to ensure that downstream impacts of changes in fraud losses are reflected in operations expense forecasts and staffing plans
Establish and maintain business relationships with internal and external stakeholders
Drive process improvement to enhance forecasting processes and reporting while gaining efficiencies
Demonstrate strong problem solving skills, especially in a fast-paced environment
Proactively take ownership of financial data and elevate issues
Complete ad-hoc research and analysis as needed
Bachelor’s Degree in Accounting, Finance, Math, Statistics, Economics or similar quantitative disciplines. Masters a plus.
1 - 3 years in Finance/Accounting, management consulting or other financial/analytic roles
Familiarity with Microsoft Word, Excel, PowerPoint, Essbase, Tableau, SAS, and SQL
Strong quantitative, critical thinking and analytic skills excellent quantitative and analytical problem solving skills, confidence with finance and accounting concepts, has the ability to comprehend and clearly communicate complex concepts in a fast- paced, dynamic environment
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.