Associate, Compliance and Ops Risk Test Specialist

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 a commitment to excellence in risk management and compliance. As an Associate, Compliance and Ops Risk Test Specialist in our Mumbai office, you will play a pivotal role in driving risk management excellence by executing precise testing of controls and collaborating with diverse teams to strengthen our control environments. This position within the Compliance & Ops Risk Testing category offers the opportunity to contribute to safeguarding our operations in a dynamic banking landscape, ensuring we meet stringent regulatory standards while supporting innovative financial solutions for clients worldwide. Your key responsibilities will include performing independent testing on compliance and operational risk frameworks, identifying potential vulnerabilities, and recommending enhancements to mitigate risks. You will work closely with business lines, control functions, and senior leaders to analyze testing results, conduct root cause investigations, and drive remediation efforts. In this role, you will leverage your expertise in regulatory requirements such as those from the Reserve Bank of India (RBI) and international standards like Basel III, applying rigorous methodologies to evaluate the effectiveness of controls across JP Morgan Chase's vast operations in investment banking, consumer banking, and asset management. We seek professionals who thrive in a collaborative, fast-paced environment and are passionate about upholding the highest standards of integrity. This position not only allows you to advance your career in financial risk management but also provides exposure to global projects and cutting-edge tools in compliance testing. Join JP Morgan Chase in Mumbai to make a meaningful impact on our risk culture and contribute to the firm's legacy of trust and innovation in the financial services industry.

Key Responsibilities

• Execute independent testing of compliance and operational risk controls to identify gaps and ensure adherence to JP Morgan Chase policies
• Develop and maintain testing methodologies, including sampling techniques and scenario-based assessments tailored to financial services risks
• Collaborate with business units, compliance teams, and senior management to remediate identified issues and enhance control environments
• Prepare detailed reports on testing outcomes, including risk ratings and recommendations for mitigation strategies
• Monitor regulatory changes and update testing programs to align with evolving standards in the banking sector
• Conduct root cause analysis on control failures and support the implementation of corrective actions
• Participate in risk assessments and provide input on control design for new products or processes at JP Morgan Chase
• Ensure documentation of all testing activities complies with internal audit standards and regulatory requirements
• Train junior team members on compliance testing best practices and risk management principles

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 cross-functional teams across global locations

Preferred Qualifications

• Advanced certification such as Certified Internal Auditor (CIA) or Certified Risk Management Professional (CRMP)
• Prior experience at a major financial institution like JP Morgan Chase or similar
• Knowledge of anti-money laundering (AML) and know-your-customer (KYC) compliance
• Familiarity with automated testing tools and GRC (Governance, Risk, and Compliance) platforms

Required Skills

• Risk assessment and control testing expertise
• Regulatory compliance knowledge in financial services
• Data analysis and visualization using Excel or Tableau
• Report writing and presentation skills
• Analytical thinking and problem-solving
• Attention to detail and accuracy
• Project management abilities
• Communication and stakeholder engagement
• Proficiency in Microsoft Office Suite
• Understanding of operational risk frameworks
• Team collaboration and leadership
• Adaptability to changing regulations
• Fraud detection and AML awareness
• Technical aptitude for GRC software
• Ethical judgment in high-stakes environments

Benefits

• Competitive base salary and performance-based annual bonuses
• Comprehensive health, dental, and vision insurance coverage
• Retirement savings plan with 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 programs in Mumbai office
• Global mobility opportunities within JP Morgan Chase network

JP Morgan Chase is an equal opportunity employer.