Risk Group Manager Job in Newark, Delaware US
Risk Group Manager
About JPMorgan Chase: JPMorgan Chase Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.3 trillion and operations in more than 60 countries. The Firm is a leader in investment banking, financial services for consumers, small-business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. The headquarters for JPMorgan Chase is located in New York. J.P. Morgan Chase Co. has six lines of business: Asset Management Card Services Commercial Banking Investment Bank Consumer and Business Services Treasury Securities Services JPMorgan Chase holds leading positions in most major categories it competes in across its peer group. JPMorgan Chase reported full-year 2010 earnings of $17.4 billion on revenue of $104.8 billion. The firm continues to successfully navigate through the intense credit and capital markets turbulence, protecting the company and capitalizing on any opportunities that present themselves. The firm has a history of showing leadership during times of financial crisis and will continue to build on that legacy. Culture: JPMorgan Chase is committed to building vibrant communities, preserving the environment and promoting an inclusive culture that benefits its shareholders, customers, employees, neighbors and future generations. The firm does this in multiple ways, ranging from charitable giving and diversity initiatives to the promotion of economic opportunity and development. The organization strives to be fair and ethical in business practices and has a strong set of principles that guides our actions and informs decisions. The firm is helping to protect the environment and works at deep community involvement. A select few awards include: Most Admired Companies by FORTUNE magazine Most Respected Companies by Barron's magazine Top 50 Companies for Diversity, Diversity Inc magazine Top Companies for Executive Women by National Association for Female Executives (NAFE) 100% rating on the Corporate Equality Index, measuring treatment of gay, lesbian, bisexual and transgender employees and customers About Chase Card Services: Chase Card Services is a key contributor to the JPMorgan Chase product platform, playing an integral role in the firm's powerful banking franchise. Today's card industry is complex, and Chase Card Services has almost 91 million open credit-card accounts and more than $137 billion in managed loans. Customers used Chase cards to meet more than $313 billion worth of their spending needs in 2010. Chase continues to innovate launching new products and services, such as Blueprint, Chase Sapphire and Ink from Chase, and earning a market leadership position in building loyalty and reward programs. Chase also offers credit card programs with many of the world's best brands. Through its merchant acquiring business, Chase Paymentech Solutions, Chase is one of the leading processors of credit card payments. Organization Description: The Risk Strategy Execution team is responsible for the implementation of credit band fraud strategies for Acquisitions, Portfolio and Point of Sale processing. This process involves collaborating with key stakeholders to develop/translate ideas/concepts/requirements and executing those rules in the production environment. Execution follows the project life cycle (requirements-build-test-post-implementation) and continually monitors the health and wellness of the system. Job Description: The ideal candidate will develop business plans, goals and scorecards for the department and direct staff/subordinates in the execution of these plans, working closely with the operations functions that impact customers. You will analyze emerging and existing strategies and translate implications of the strategies into an effective vision and system integration approach. Specific areas of focus would include maximizing process improvements and efficiencies to drive improved results/costs impacting clients and customers. Extensive interaction with internal customers, IT and vendors. May lead or participate in department, cross-department or cross LOB project teams. Regular interaction with Sr. and/or Executive Management. Partners with appropriate areas to improve efficiency, effectiveness and productivity. Expected to achieve significant financial and organizational success through leadership, strategy, and influence within department and across enterprise functions. Leads entire functional group, sets and monitors progress against objectives, and makes significant process changes to extend success or improve department's efficiency. Key responsibilities: Scope includes Strategic, Tactical, Tech Refresh as well as Regulatory/Compliance efforts. Recommends objectives, processes, and plans for these areas to senior leaders within Risk Management. Partners with the appropriate areas to improve efficiency, effectiveness, productivity, and/or control. Lead a strong control structure across Risk Management. Practices include adherence to Security and Information Sharing procedures, Control Self-Assessments, Business Contingency Planning, Corporate and Compliance Audits, External audits and Quality Management of ISTARS - the most critical customer impact issues that arise.