JP Morgan Chase & Co.

Quant Analytics Associate I – Fraud Strategy

JP Morgan Chase & Co. • $70K — $95K *
Wilmington, DE 19801In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in a quantitative discipline with 2+ years in fraud/risk/payments or related field.
  • Advanced proficiency in Python, SAS, and SQL.
  • Skilled in querying large datasets and creating actionable insights.
  • Strong analytical and problem-solving skills.
  • Proven experience in presenting recommendations to management.
  • Self-starter focused on driving results without direct supervision.
  • Excellent communication and interpersonal skills for cross-department collaboration.

Responsibilities

  • Analyze complex data to identify risk patterns and opportunities.
  • Develop and implement effective fraud prevention strategies.
  • Create key performance indicators and enhance reporting metrics.
  • Provide expertise in risk mitigation and policy testing.
  • Work with cross-functional teams to address business challenges.
  • Conduct detailed analyses to uncover business opportunities.
  • Support the development of fraud detection tools with clear communication across departments.

Benefits

  • Opportunity to influence fraud prevention strategies.
  • Collaborative work environment across departments.
  • Chance to present insights to management and executives.
  • Engagement in data-driven decision-making processes.
Full Job Description
JOB DESCRIPTION

Drive impactful fraud prevention as a Quantitative Analytics Associate on our Point of Sale Fraud team—where your advanced risk analyses and strategic insights help reduce fraud losses, protect customers, and influence key decisions across the organization.

As a Quantitative Analytics Associate in the Point of Sale Fraud team, you will manage fraud risk strategies in the Fraud Policy area and perform complex risk analyses with the objective of reducing fraud related losses while balancing customer impact. You will frequently interact and communicate with cross-functional partners and communicate and present presentations to managers and executives.

Job Responsibilities:

  • Interpret large amounts of complex data to formulate problem statement, concise conclusions regarding underlying risk dynamics, trends, and opportunities
  • Manage, develop, communicate, and implement optimal fraud strategies (including rules, cutoffs, policies, operational flows, etc.) to protect the bank from fraud related losses and improve customer experience at Point of Sale
  • Identify key risk indicators and metrics, develop key metrics, enhance reporting, and identify new areas of analytic focus to better capture fraud.
  • Provide subject matter expertise on strategy implementation/testing and initiatives related to the improvement of risk mitigation processes and infrastructure
  • Collaborate with cross-functional partners to understand and address key business challenges
  • Identify business opportunity by performing well thought analysis – Data mining, ensuring data integrity, synthesizing and communicating findings to senior management
  • Assist team efforts in the critical development of new fraud pattern or spending pattern detection tools while providing clear/concise oral and written communication across various functions and levels, inclusive of Operations, IT, and Risk Management

Required Qualifications, Capabilities, and Skills:

  • Bachelor's degree (or related work experience) in a quantitative discipline in a financial services organization and 2 or more years’ experience in fraud/risk/payments or related field.
  • Advanced understanding of Python, SAS, and SQL.
  • Ability to query large amounts of data and transform raw data into actionable management information.
  • Strong analytical and problem-solving abilities.
  • Experience delivering recommendations to management.
  • Self-starter with the ability to drive for resolution.
  • Strong communication and interpersonal skills with the ability to interact with individuals across departments/functions and with senior-level executives.

Preferred Qualifications, Capabilities, and Skills:

  • Master's degree (or related work experience) in a quantitative discipline, preferably in a financial services organization, plus 2 or more years’ experience in fraud/risk/payments or related field.
  • Experience with Machine Learning technologies and knowledge of LLMs.

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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