Associate, Compliance and Ops Risk Test Lead

Location: Mumbai, Maharashtra, India

Job Family: Compliance & Ops Risk Testing

About the Role

At JP Morgan Chase, we are a leading global financial services firm with operations spanning investment banking, consumer and community banking, commercial banking, and asset and wealth management. Our Compliance and Operational Risk teams play a critical role in safeguarding the firm against regulatory and operational challenges, ensuring we maintain the highest standards of integrity and efficiency. The Associate, Compliance and Ops Risk Test Lead position in Mumbai is an exciting opportunity to lead risk testing initiatives that protect our clients and the firm while driving business performance in one of India's key financial hubs. In this role, you will spearhead risk assessments and control testing across various business lines, identifying gaps in compliance and operational processes that could impact JP Morgan Chase's global operations. You will collaborate with cross-functional teams to design and execute testing programs aligned with regulatory requirements such as those from the Reserve Bank of India (RBI) and international standards like Basel accords. By analyzing complex financial data and evaluating internal controls, you will uncover potential vulnerabilities and lead remediation efforts to strengthen our risk management framework, ultimately enhancing operational efficiency and reducing exposure to fines or disruptions. Key to success in this position is your ability to foster a culture of compliance within the organization, providing actionable insights to senior leaders and supporting the firm's commitment to ethical practices. You will also contribute to continuous improvement by integrating emerging risks, such as those from digital transformation and cybersecurity, into our testing methodologies. Based in our state-of-the-art Mumbai office, this role offers exposure to high-impact projects and the chance to grow within a dynamic, supportive environment at JP Morgan Chase, where innovation meets rigorous risk oversight.

Key Responsibilities

• Lead comprehensive risk assessments and control testing for compliance and operational risk areas within JP Morgan Chase's Corporate & Investment Bank
• Identify control gaps and weaknesses through detailed testing and analysis, ensuring alignment with firm-wide risk standards
• Drive remediation efforts by collaborating with business units to implement corrective actions and monitor progress
• Develop and maintain testing methodologies, including sampling techniques and evaluation criteria tailored to financial services regulations
• Prepare detailed reports on testing outcomes, risk exposures, and recommendations for senior management and regulatory submissions
• Ensure adherence to JP Morgan's operational risk framework and contribute to policy updates based on emerging risks
• Facilitate training and awareness programs on compliance testing for team members in Mumbai and global offices
• Monitor regulatory changes and integrate them into the testing program to enhance operational efficiency
• Coordinate with audit, legal, and technology teams to support integrated risk management
• Track key performance indicators (KPIs) for testing effectiveness and report on metrics to drive continuous improvement

Required Qualifications

• Bachelor's degree in Finance, Business Administration, Law, or a related field
• Minimum of 5 years of experience in compliance, operational risk management, or internal audit within the financial services industry
• Proven track record in leading risk assessments and testing programs in a banking or financial institution environment
• Strong understanding of regulatory frameworks such as Basel III, Dodd-Frank, and local Indian regulations (e.g., RBI guidelines)
• Experience with control testing methodologies and remediation planning
• Ability to manage cross-functional teams and stakeholders in a global organization
• Relevant certifications such as CRCM, CIA, or CISA

Preferred Qualifications

• Advanced degree (MBA or Master's in Risk Management)
• Experience working at a major global bank like JP Morgan Chase
• Knowledge of anti-money laundering (AML) and know-your-customer (KYC) compliance
• Familiarity with data analytics tools for risk testing
• Prior leadership role in operational risk testing initiatives

Required Skills

• Expertise in risk assessment and control testing frameworks
• Proficiency in regulatory compliance for banking (e.g., SOX, GDPR)
• Strong analytical and problem-solving abilities
• Excellent communication and stakeholder management skills
• Leadership and team coordination experience
• Knowledge of financial products and services (e.g., derivatives, lending)
• Data analysis using tools like Excel, SQL, or Tableau
• Project management methodologies (e.g., Agile, PMP principles)
• Attention to detail and ethical judgment in high-stakes environments
• Adaptability to fast-paced, global financial operations
• Report writing and presentation skills for executive audiences
• Understanding of operational risk metrics and reporting
• Familiarity with audit software and GRC (Governance, Risk, Compliance) tools
• Interpersonal skills for cross-cultural collaboration

Benefits

• Competitive base salary and performance-based annual bonuses
• Comprehensive health, dental, and vision insurance coverage
• Retirement savings plan with generous company matching contributions
• Paid time off including vacation, sick leave, and parental leave
• Professional development programs and tuition reimbursement for relevant certifications
• Employee stock purchase plan and financial wellness resources
• On-site fitness centers and wellness initiatives at Mumbai campus
• Global mobility opportunities within JP Morgan Chase's international network

JP Morgan Chase is an equal opportunity employer.