Fraud Loss Forecasting Associate

Job Description

Bring your expertise to JPMorganChase. As a part of Fraud Strategy team, you will be responsible for managing, sizing and anticipating fraud risks in a constantly changing environment. Your scope will include not only evaluating emerging risks, but also understanding regulatory changes and determining business sustainability through appropriate use of mitigation tools and frameworks.

As a Fraud Loss forecasting Associate within Fraud Strategy, you will have ownership and accountability towards setting up our loss budgets and tracking fraud metrics. You will be assessing the root causes for some of the fraud trends and financial impact associated with those Fraud trends. You will able be working closely with Finance and Operations in presenting the latest financial outlook and thereby help in remediation of the Fraud trends.

Job Responsibilities

• Own deep dives on our emerging fraud trends to identify and isolate new attack patterns
• Develop and enhance Financial metrics to measure Fraud performance
• Provide independent assessment on root cause /drivers behind variance of actuals vs. forecast
• Support forecasting process for some of our operating loss lines across baseline and stress scenarios
• Maintain Long term and short term Loss forecasting framework across loss channels
• Liaise with Operations, business functions and strategy owners to understand business changes and operations impact and to implement the same in forecast adjustments
• Develop various senior management presentation on Monthly / quarterly/annual on Fraud Loss
• Take complete ownership and accountability towards delivering on goals and priorities for the business / function

Required qualifications, capabilities, and skills

• Master’s/Bachelor’s degree in a quantitative or business discipline from an accredited college/university required
• 6+ years of experience in analytics space or/ and prior experience in financial/ risk roles
• SAS/SQL programming experience
• Highly proficient in Microsoft Office suite of products
• Demonstrated leadership in applying analytics to efficiently and pragmatically solve business problems through structured problem solving approaches
• Effective in communicating to senior leaders of an organization
• Strong analytical, technical and statistical skills. Ability to synthesize / analyze diverse information, develops recommendations, and makes decisions
• Project Management Skills -well-organized, structured approach. Ability to achieve tight timelines on complex deliverables. Ability to manage and prioritize projects across cross-functional groups

Preferred qualifications, capabilities, and skills

• Advanced/ Master’s degree in a quantitative or business discipline
• Working knowledge of financial budgeting and planning analysis preferred

To be eligible for this role, you must be authorized to work in the United States. We do not offer any type of employment-based immigration sponsorship for this role. Likewise, JPMorgan Chase & Co., will not provide any assistance or sign any documentation in support of any other form of immigration sponsorship or benefit including optional practical training (OPT) or curricular practical training (CPT).

About Us

Chase is a leading financial services firm, helping nearly half of America’s households and small businesses achieve their financial goals through a broad range of financial products. Our mission is to create engaged, lifelong relationships and put our customers at the heart of everything we do. We also help small businesses, nonprofits and cities grow, delivering solutions to solve all their financial needs.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

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 FAQs for more information about requesting an accommodation.

Equal Opportunity Employer/Disability/Veterans

About the Team

Our Consumer & Community Banking division serves our Chase customers through a range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. We’re proud to lead the U.S. in credit card sales and deposit growth and have the most-used digital solutions – all while ranking first in customer satisfaction.

Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.