Associate, Compliance and Ops Risk Test Specialist

Location: Bengaluru, Karnataka, India

Job Family: Compliance & Ops Risk Testing

About the Role

At JP Morgan Chase, we are a leading global financial services firm committed to fostering a culture of integrity and risk excellence. As an Associate, Compliance and Ops Risk Test Specialist in our Bengaluru office, you will play a pivotal role in driving the firm's risk management agenda. This position within the Compliance & Ops Risk Testing category involves executing precise, independent testing of operational controls to safeguard our banking operations against regulatory and operational risks. You will collaborate closely with cross-functional teams across our global network to enhance control environments, ensuring alignment with JP Morgan's high standards of compliance and operational resilience in the dynamic financial services landscape. Your core responsibilities will include designing and performing risk-based testing programs that cover areas such as transaction monitoring, process controls, and regulatory adherence. Leveraging your expertise in financial regulations like those from the RBI and international standards, you will identify vulnerabilities, document findings, and partner with business leaders to implement robust remediation strategies. This role demands a proactive approach to staying ahead of emerging risks, including those posed by fintech innovations and geopolitical factors, while contributing to JP Morgan Chase's reputation as a trusted steward of client assets. In this impactful position, you will have opportunities to grow within one of the world's most admired financial institutions, supported by comprehensive training and a collaborative team environment. Join us in Bengaluru to help shape the future of risk management at JP Morgan Chase, where your contributions directly support our mission to enable the world's most important financial decisions.

Key Responsibilities

• Execute independent testing of compliance and operational risk controls to identify gaps and ensure adherence to JP Morgan Chase policies and regulatory requirements
• Collaborate with business units, control owners, and senior management to assess risk environments and recommend enhancements
• Develop and maintain testing methodologies, including sampling techniques and scenario-based assessments tailored to financial services operations
• Prepare detailed reports on testing outcomes, including findings, root causes, and remediation plans for presentation to risk committees
• Monitor the implementation of corrective actions and validate their effectiveness through follow-up testing
• Stay abreast of evolving regulatory landscapes and industry best practices to refine testing programs
• Support the integration of technology solutions for efficient risk testing and data analytics within JP Morgan's global framework
• Contribute to training initiatives for junior team members on compliance testing standards
• Participate in audits and regulatory examinations, providing insights on operational risk controls

Required Qualifications

• Bachelor's degree in Finance, Business Administration, Risk Management, or a related field
• Minimum of 3-5 years of experience in compliance, operational risk, or internal audit within the financial services industry
• Strong understanding of regulatory frameworks such as Basel III, Dodd-Frank, or RBI guidelines applicable to banking operations
• Proficiency in risk assessment methodologies and control testing procedures
• Experience with data analysis tools and reporting in a compliance or risk management context
• Ability to work collaboratively in cross-functional teams across global locations

Preferred Qualifications

• Advanced certification such as Certified Regulatory Compliance Manager (CRCM) or Certified Internal Auditor (CIA)
• Prior experience in a Big Four consulting firm or major financial institution like JP Morgan Chase
• Knowledge of technology-enabled risk testing tools and automation in compliance processes
• Familiarity with anti-money laundering (AML) and know-your-customer (KYC) regulations
• Master's degree in Risk Management or a related discipline

Required Skills

• Expertise in compliance testing and operational risk frameworks
• Proficiency in data analytics tools such as Excel, SQL, or Tableau
• Strong analytical and problem-solving abilities
• Excellent written and verbal communication skills for reporting and stakeholder engagement
• Knowledge of financial regulations and banking operations
• Attention to detail and accuracy in high-stakes environments
• Project management skills for coordinating testing initiatives
• Adaptability to fast-paced, dynamic regulatory changes
• Team collaboration and interpersonal skills
• Familiarity with risk management software like Archer or similar platforms
• Critical thinking for identifying control weaknesses
• Time management to handle multiple priorities
• Ethical judgment in compliance decision-making
• Technical aptitude for automating testing processes

Benefits

• Competitive base salary and performance-based annual bonuses aligned with JP Morgan Chase's compensation philosophy
• Comprehensive health insurance coverage including medical, dental, and vision plans for employees and dependents
• Retirement savings plan with employer matching contributions to support long-term financial security
• Paid time off including vacation, sick leave, and parental leave policies
• Professional development opportunities through JP Morgan's internal training programs and tuition reimbursement
• Employee wellness programs featuring fitness reimbursements and mental health support
• Global mobility options and career advancement pathways within JP Morgan Chase's diverse operations
• Stock purchase plan allowing participation in company equity

JP Morgan Chase is an equal opportunity employer.