JP Morgan Chase & Co.

Core Cash Fraud Prevention Product Manager - Payments - Vice President

JP Morgan Chase & Co. • $130K — $180K *
Chicago, IL 60603In-Person
Finance & Insurance
5 - 7 years of experience
1 week ago
Job Overview by Ladders

Qualifications

  • 5+ years of product management experience or equivalent expertise
  • Advanced knowledge of product development life cycle and data analytics
  • Proven ability to lead product life cycle activities such as discovery, ideation, and value management
  • Minimum 3 years' fintech experience with a focus on banking payment channels
  • Extensive experience with fraud detection systems and understanding fraud patterns in payment ecosystems
  • Proficiency in Agile methodologies and tools, especially JIRA
  • Bachelor's or Master's in Engineering, Computer Science, Mathematics, or related field

Responsibilities

  • Leads design and implementation of a Global Fraud Consortium data platform enhancing detection rules for various core cash payment channels
  • Develops product strategy and vision aligned with customer value and fraud prevention objectives
  • Manages market research to identify customer solutions and integrates findings into the product roadmap
  • Owns and maintains a product backlog to support strategic goals utilizing Agile methodologies
  • Tracks key success metrics for the product, measuring risk posture and detection effectiveness
  • Analyzes fraud trends and typologies to enhance detection capabilities
  • Collaborates with data science teams for machine learning model deployment

Benefits

  • Collaboration with cross-functional teams providing diverse perspectives
  • Opportunity to innovate in a critical area of fraud prevention and risk management
  • Engagement with cutting-edge technologies in data analysis and fraud detection
  • A role that impacts customer experience and builds trust in financial transactions
  • Exposure to global compliance and regulatory requirements across multiple regions
Full Job Description
JOB DESCRIPTION

As a Product Manager in Core Cash Fraud Prevention, you are an integral part of the team that innovates new product offerings and leads the end-to-end product life cycle. As a core leader, you are responsible for acting as the voice of the customer and developing profitable products that provide customer value. Utilizing your deep understanding of how to get a product off the ground, you guide the successful launch of products, gather crucial feedback, and ensure top-tier client experiences. With a strong commitment to scalability, resiliency, and stability, you collaborate closely with cross-functional teams to deliver high-quality products that exceed customer expectations.

Job responsibilities
  • Leads the design, development, and implementation of a new Global Fraud Consortium data platform and its business rules to improve detection rules, models, and algorithms for core cash payment channels including Wires, ACH, RTP, and emerging payment methods
  • Develops a product strategy and product vision that delivers value to customers, aligned with business objectives and risk appetite for fraud prevention solutions
  • Manages discovery efforts and market research to uncover customer solutions and integrate them into the product roadmap, including threat analysis, competitive benchmarking, and emerging fraud pattern identification
  • Owns, maintains, and develops a product backlog that enables development to support the overall strategic roadmap and value proposition using Agile methodologies
  • Builds the framework and tracks the product's key success metrics such as cost, feature and functionality, risk posture, reliability, fraud detection effectiveness, and false positive rates
  • Analyzes fraud trends, attack vectors, and typologies to continuously enhance detection capabilities while balancing fraud prevention effectiveness with customer experience
  • Collaborates with data science teams to develop and deploy machine learning models that benefit from this new platform
  • Designs fraud detection and prevention mechanisms that comply with regional regulatory requirements
  • Collaborates with compliance, legal, and risk teams globally to ensure product features meet all applicable regulatory standards, fraud reporting obligations, and maintain proper documentation and audit trails for regulatory examinations
Required qualifications, capabilities, and skills
  • 5+ years of experience or equivalent expertise in product management or a relevant domain area
  • Advanced knowledge of the product development life cycle, design, and data analytics
  • Proven ability to lead product life cycle activities including discovery, ideation, strategic development, requirements definition, and value management
  • Minimum 3 years of Financial Technology experience with deep understanding of Banking Payment Domain including Wires, ACH, Real Time Payments, and ISO 20022 standards
  • Extensive experience working with fraud detection systems and deep understanding of fraud patterns, typologies, and attack vectors in payment ecosystems, including experience with fraud case management and investigation workflows
  • Proven experience designing and implementing payment and fraud prevention solutions
  • Strong proficiency in Agile development methodologies and tools (JIRA) with ability to write clear, comprehensive user stories following INVEST principles with well-defined acceptance criteria
  • Strong understanding of regional payment regulations and fraud prevention requirements across multiple jurisdictions (US, EMEA, APAC), and fraud reporting obligations
  • Experience with API design, contract definition, and specifications (Swagger) and knowledge of web service protocols and technologies (SOAP, XML, JSON)
  • SQL and database scripting capabilities with ability to analyze large datasets
  • Bachelor's or Master's degree required; Engineering, Computer Science, Mathematics, or related quantitative field
Preferred qualifications, capabilities, and skills
  • Demonstrated prior experience working in a highly matrixed, complex organization
  • 6-12 years of experience in software development or technology companies
  • Expertise in fraud detection methodologies, machine learning models, and rule-based engines
  • Experience with fraud detection rule engines and scoring models
  • Track record of delivering products with "first time right, on-time delivery" approach
  • Experience gathering and synthesizing requirements from diverse stakeholders including fraud investigators, compliance officers, and regional business partners through structured interviews and feedback sessions

About JP Morgan Chase & Co.

JP Morgan Chase & Co. stands at the forefront of the global financial services industry. They offer an expansive array of products and services to a diverse clientele, including individuals, corporations, governments, and institutions. Ever since the merger of J.P. Morgan & Co. and Chase Manhattan Corporation in 2000, this industry-leading entity has become renowned for its comprehensive portfolio encompassing consumer and community banking, corporate and investment banking, commercial banking, as well as asset and wealth management. Headquartered in the vibrant city of New York, JP Morgan Chase & Co. boasts a formidable presence across over 100 countries worldwide.

Unveiling Employment Opportunities at JP Morgan Chase & Co.

Vacancies and Hiring Initiatives

JP Morgan Chase & Co. is continuously on the lookout for talented individuals eager to contribute to its legacy of excellence. The company's recruitment efforts are geared towards identifying candidates with the right blend of skills and qualifications to drive forward its various business segments. Whether you are a seasoned professional or a recent graduate, JP Morgan Chase offers a plethora of job openings across multiple disciplines.

High-Demand Positions

Among the myriad of roles, certain positions stand out for their attractive compensation packages and career advancement prospects. Notably, high-paying jobs at JP Morgan Chase & Co. include Relationship Manager, Branch Manager, and Software Engineer. These roles are critical to the firm's operations and offer lucrative opportunities for those with the requisite expertise.

Navigating the Job Market at JP Morgan Chase & Co.

Leveraging Job Portals and Job Alerts

For job seekers aiming to tap into the opportunities at JP Morgan Chase, staying updated through job portals and subscribing to job alerts is crucial. These tools can provide timely information about job openings, job fairs, and recruitment events, enabling candidates to apply promptly and prepare adequately for interviews.

Preparing Your Job Application

Your job application, comprising your resume and cover letter, is your ticket to securing an interview at JP Morgan Chase. Highlight your qualifications, skills, and experiences that align with the job listing, ensuring you stand out in the competitive job market.

Acing the Interview

Preparation is key to succeeding in your interview with JP Morgan Chase. Familiarize yourself with the company's business segments, values, and recent achievements. Demonstrating how your background and aspirations match the company's goals can significantly increase your chances of employment. A World of Job Opportunites in the Financial Services Industry JP Morgan Chase & Co. offers a world of job opportunities for those seeking to make their mark in the financial services industry. With competitive salaries, comprehensive benefits, and endless possibilities for growth, positions at JP Morgan Chase are highly coveted. By staying informed through job sites, tailoring your applications, and preparing thoroughly for interviews, you can enhance your prospects of joining the esteemed ranks of JP Morgan Chase employees. Explore the job board, seize the job opportunities, and embark on a rewarding career journey with one of the world's leading financial institutions.
Learn more about JP Morgan Chase & Co.
Size
661 employees
Market Cap
$384.5 billion
Industry
Finance & Insurance
Net Income
$29.1 billion
Founded
1823
5 Year Trend
+0.7%
Revenue
$261.5 million
NASDAQ
CCF
* Ladders Estimates

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