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 innovation and integrity in everything we do. As an Associate, Compliance and Ops Risk Test Specialist in our Bengaluru office, you will play a pivotal role in driving risk management excellence. This position within the Compliance & Ops Risk Testing category involves executing precise testing of operational controls and collaborating with diverse teams to strengthen our control environments. Reporting to the Compliance and Operational Risk team, you will contribute to safeguarding our clients' interests while ensuring adherence to stringent regulatory standards in the dynamic financial services landscape. Your core responsibilities will include performing independent assessments of compliance and operational risk frameworks across JP Morgan's investment banking, consumer banking, and asset management divisions. You will identify vulnerabilities in processes, recommend actionable improvements, and monitor the effectiveness of remediation efforts. Leveraging your expertise in risk methodologies, you will analyze data to uncover insights, prepare comprehensive reports for senior stakeholders, and stay abreast of evolving regulations such as those from the RBI and international bodies. This role demands a proactive approach to testing, ensuring that our operations in India and globally remain resilient against emerging risks. In this collaborative environment, you will partner with business leaders, legal experts, and technology teams to embed a culture of compliance and risk awareness. JP Morgan Chase values professionals who thrive in a fast-paced setting and are passionate about upholding the highest standards of ethical conduct. This position offers tremendous opportunities for growth within one of the world's most respected financial institutions, where your contributions directly impact our mission to enable economic growth and client success.

Key Responsibilities

• Execute independent testing of compliance and operational risk controls across JP Morgan Chase's business lines
• Identify and assess potential risks in operational processes, recommending enhancements to mitigate exposures
• Collaborate with cross-functional teams including Legal, Finance, and Business Operations to ensure robust control environments
• Prepare detailed testing reports and present findings to senior management and regulatory bodies
• Monitor regulatory changes and update testing programs to align with evolving standards in the financial services sector
• Support the development and implementation of risk management policies specific to JP Morgan's global operations
• Conduct root cause analysis on control deficiencies and track remediation efforts
• Contribute to training initiatives on compliance and risk testing best practices
• Utilize data analytics to enhance the efficiency and accuracy of testing procedures

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, and local Indian regulations like RBI guidelines
• Proficiency in risk assessment methodologies and control testing procedures
• Experience with data analysis tools and reporting in a banking environment
• Ability to work collaboratively in a fast-paced, global team setting

Preferred Qualifications

• Advanced certification such as CRISC, CIA, or CISA
• Prior experience at a major financial institution like JP Morgan Chase
• Knowledge of anti-money laundering (AML) and know-your-customer (KYC) processes
• Familiarity with automated testing tools and compliance software

Required Skills

• Risk assessment and control testing expertise
• Regulatory compliance knowledge in banking
• Data analysis and visualization (e.g., Excel, Tableau)
• Report writing and presentation skills
• Analytical thinking and problem-solving
• Attention to detail and accuracy
• Collaboration and teamwork
• Project management abilities
• Understanding of financial products and services
• Proficiency in Microsoft Office Suite
• Knowledge of audit methodologies
• Adaptability to changing regulations
• Strong ethical judgment
• Communication skills, both verbal and written

Benefits

• Competitive base salary and performance-based bonuses aligned with JP Morgan's compensation philosophy
• Comprehensive health, dental, and vision insurance coverage for employees and dependents
• Retirement savings plan with generous company matching contributions
• 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 including gym memberships and mental health support
• Flexible work arrangements and hybrid options for work-life balance
• Global mobility support for career advancement within JP Morgan Chase

JP Morgan Chase is an equal opportunity employer.