Quant Analytics Manager - POS Fraud Strategy Description : - The Point of Sale Fraud Strategy team within CCB Operations is an analytics team responsible for creating and maintaining the authorization strategy used for decisioning transactions while mitigating fraud risk across products like Credit Cards, Debit Cards, Commercial cards. - The team manages authorization of ~60 MM+ transactions daily translating into $1.5 trillion of annual credit and debit card sales and $0.5 billion fraud risk exposure to the bank across plastics - The strategies leverage machine learning based fraud models, internal/external data sources , customer & merchant behavioral data along with statistical optimization techniques to help detect and prevent unauthorized fraudulent transactions across different third party loss types, protecting our customers and the firm while also creating best in class customer experience at the Point of Sale Primary Responsibilities : - Own and manage fraud risk mitigation strategies across credit card / debit card / commercial card portfolios by synthesizing & analyzing complex transactional data and drawing concise conclusions regarding underlying risk dynamics, trends, and opportunities - Assist team in managing critical machine learning & other score upgrades or refreshes that influence authorization strategies outcomes by working with internal / external modeling partners or associations like Visa / Mastercard - Continue to enhance the machine learning based fraud authorization strategy to ensure optimal outcomes across key portfolio segments while ensuring profitable return on investment goals - Lead strategic fraud road map projects like full strategy re-design framework, decommission of model scores across decision engines, or decision engine decommission while integrating the best in class fraud detection tools, algorithms and capabilities - Monitor and maintain fraud authorization strategies to counter emerging attacks and trends across loss types and reduce false positives across Card Present / Card not present channels while meeting overall budget goals - Develop new model input variables, profiles and expand data footprint / pattern detection techniques & other capabilities to improve accuracy of authorization decisions across functions - Manage identity theft risk related strategies for Digital Wallets / Account take over type scenarios - Partner with Claims / Recovery to improve recovery / customer re-bill rates via data driven analytical strategy enhancements - Ensure compliance with existing control structure while also driving future enhancements to ensure successful closure of Strategy Audits or Matter Requiring Attention (MRA) items - Engage / Collaborate with Chief Risk Officers across businesses, key partners within Operations, BP&A, Claims, Risk, Marketing, Tech, Finance and Product owners to share overall business performance and losses across all products - Present clear & concise stories by converting complex data or analysis into presentations for senior leaders in various forums and influence outcomes JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management. 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. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs. Note : For your candidature to be considered on this job, you need to apply necessarily on the company's redirected page of this job. Please make sure you apply on the redirected page as well.

Mumbai

JP Morgan Chase - Manager - Quant Analytics - POS Fraud Strategy 

JP Morgan Chase - Manager - Quant Analytics - POS Fraud Strategy  ,Job Description for JP Morgan Chase - Manager - Quant Analytics - POS Fraud Strategy  in JP Morgan Chase in  Mumbai for (3-6) years of experience. Apply Now!

Job Description for JP Morgan Chase - Manager - Quant Analytics - POS Fraud Strategy  in JP Morgan Chase in  Mumbai for (3-6) years of experience. Apply Now!