At a Glance
- Tasks: Lead fraud risk management and develop innovative control frameworks to protect customers.
- Company: Join JPMorgan Chase, a global leader in financial services with a commitment to diversity.
- Benefits: Enjoy career mobility, personal development, and a dynamic, inclusive work environment.
- Why this job: Make a meaningful impact on financial integrity and help shape the future of fraud prevention.
- Qualifications: Experience in operational risk management and strong communication skills are essential.
The predicted salary is between 72000 - 88000 £ per year.
Are you passionate about safeguarding financial integrity and driving innovation? Join us at JPMorganChase, where you will help build a robust control environment and make a meaningful impact on our customers and communities. You will have the opportunity to lead, collaborate, and grow your career in a dynamic, inclusive team. Your expertise will influence key decisions and foster a culture of proactive risk management. Experience career mobility and personal development as you help shape the future of financial crime prevention.
As a Fraud Risk Control Manager within the International Consumer Bank (ICB), you will support Chase International and J.P. Morgan Personal Investing businesses, helping to influence decisions and actions to build and maintain a robust control environment. You will lead the development of enhanced control frameworks, ensuring a continuous and integrated approach to risk assessment. In this role, you will work closely with diverse teams across the organisation, contribute to top-down risk analysis, and drive real-time issue detection and remediation. You will help foster a culture of innovation and proactive risk management, making a meaningful impact on our customers and the wider community.
Job responsibilities
- Lead the design and implementation of control frameworks to ensure compliance with regulatory requirements and internal policies.
- Conduct comprehensive risk assessments for product development and change initiatives, ensuring that all potential risks are identified, evaluated and addressed.
- Analyze data and monitor fraud trends and identification of emerging risks.
- Collaborate and build relationships with other business stakeholders to identify potential risks associated with new and existing products, while developing strategies to mitigate these risks.
- Monitor and evaluate the effectiveness of existing controls and recommend improvements as needed.
- Assess the impact of regulatory changes and penalties across the industry to help identify necessary actions.
- Advise on and challenge control processes and risk management practices, fostering a proactive risk management culture across International Consumer Bank.
- Contribute to the Compliance and Operational Risk Evaluation (CORE) program by leading on control design effectiveness evaluations, Risks & Controls identification, Issue Management and Control Governance & Reporting.
- Partner with control colleagues across the firm, business, operations management, legal, compliance, risk, audit and technology control functions to further establish and maintain business relationship loops.
- Support consistent and rigorous operational risk practices and control programs, including committee reporting, risk mitigation, key risk indicators, control design and controls performance evaluations.
- Review, analyze and manage programme-related data like KRIs, KPIs and key metrics to inform on the health of the operational risk and control environment.
Required qualifications, capabilities, and skills
- Several years relevant experience in Operational Risk Management gained through working within Product, Controls, Compliance or Audit within a large financial institution, regulator, consulting firm or retail investments manager.
- Strong acumen for risk identification, assessment and development of effective control mechanisms that mitigate these risks.
- Excellent written and verbal communication skills, with the ability to influence business leaders at all levels of seniority in a meaningful and actionable manner.
- Deep understanding of fraud typologies, relevant regulations and fraud prevention strategies.
- Experience in partnering with business and other stakeholders to manage remediation of operational risk related issues.
- Detail-oriented with a high level of accuracy and integrity.
- Experience in process mapping.
- Experience in change management, including working in an agile and evolving environment.
- Effective time management and prioritization skills.
- Proficient in Microsoft Office Suite (Word, Excel, PowerPoint, Visio).
International Consumer Banking - External Fraud Risk Control Manager - Vice President in London employer: JP Morgan Chase
At J.P. Morgan, we pride ourselves on being an exceptional employer, particularly within our Global Financial Crimes Compliance team in EMEA. Our commitment to diversity and inclusion fosters a collaborative work culture where employees are empowered to grow and develop their skills in a dynamic environment. With access to comprehensive training and the opportunity to engage with a wide range of financial services, you will find meaningful and rewarding career advancement in a company that values your contributions.
StudySmarter Expert Advice🤫
We think this is how you could land International Consumer Banking - External Fraud Risk Control Manager - Vice President in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
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Don’t shy away from reaching out directly to firms like JP Morgan Chase. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace International Consumer Banking - External Fraud Risk Control Manager - Vice President in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to JP Morgan Chase.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on JP Morgan Chase's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at JP Morgan Chase
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with JP Morgan Chase.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at JP Morgan Chase will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former JP Morgan Chase employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
