At a Glance
- Tasks: Lead fraud strategy and execution to protect clients and the Bank from fraud.
- Company: Join a leading financial institution committed to innovation and security.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Collaborative culture with opportunities for growth and leadership.
- Why this job: Make a real impact in fraud prevention and shape the future of banking.
- Qualifications: Experience in financial services and expertise in fraud strategy required.
The predicted salary is between 80000 - 100000 £ per year.
Fraud Strategy Director - Chase UK
Join us as a Fraud Strategy Director and make a meaningful impact by protecting our clients and the Bank from fraudulent activities.
You'll drive innovation and collaboration across teams, shaping the future of fraud prevention.
Your expertise will empower us to respond rapidly to emerging risks and deliver measurable results.
We value your strategic thinking and hands-on approach.
Discover a role where your leadership and insights truly matter.
Responsibilities
- Act as senior leader to fraud strategy and execution across the full fraud lifecycle, from prevention to detection, investigation, and recovery.
- Collaborate with product, fraud operations, technology, and other teams to align fraud strategy with business objectives and operational needs.
- Assess trends impacting payments card fraud and provide real-time recommendations to mitigate risks.
- Define and create analytical models to assess fraud activities within and across systems.
- Serve as the Bank’s knowledge expert on fraud and contribute to the development of the Bank’s fraud strategy.
- Oversee analysis and modeling to identify patterns of fraudulent transactions and prevent misuse of payment systems, including ATM, debit, credit cards, wires, and new payment types.
- Create, test, and implement rule criteria in fraud detection systems, balancing fraud prevention with client experience.
- Analyze loss data and recommend or implement loss prevention strategies.
- Evaluate fraud cases and losses to identify trends and areas for improvement.
- Participate in the development of fraud policies and risk management activities, supporting business units across the Bank.
- Develop and produce executive key performance metrics and reports for senior management and enterprise risk.
- Deliver hands-on analysis, reporting, and implementation of fraud controls and solutions.
Qualifications
- Bachelor’s degree or equivalent experience.
- Master’s degree preferred.
- Tenured in the financial services industry with knowledge of payment systems and experience in an enterprise-wide, cross-functional leadership role.
- Expert experience in fraud strategy and rule writing.
- Deep knowledge of reporting and query tools.
- Experience leading teams or projects that span product, fraud operations, and technology.
- Demonstrated strategic thinking and ability to translate strategy into hands-on deliverables.
- Experience creating and maintaining mathematical models.
- Communication skills for interaction with senior executives, staff, and cross-functional teams.
- Judgment within defined procedures and practices.
- Knowledge of risk principles and procedures.
- Ability to synthesize data into concise presentations.
- Experience with database and data warehouse environments.
- Ability to interact with all levels of Bank personnel and customers.
- Ability to work in a deadline-oriented environment and handle multiple tasks.
- #J-18808-Ljbffr
StudySmarter Expert Advice🤫
We think this is how you could land Fraud Risk Director in City of Westminster
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Jpmorgan Chase & Co. looking for candidates who are engaged and informed.
We think you need these skills to ace Fraud Risk Director in City of Westminster
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Jpmorgan Chase & Co.. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Jpmorgan Chase & Co.
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Jpmorgan Chase & Co.’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
