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 operations spanning investment banking, consumer and community banking, commercial banking, and asset and wealth management. Our Compliance and Ops Risk Testing team plays a critical role in safeguarding the firm by ensuring robust risk management practices. As an Associate, Compliance and Ops Risk Test Specialist in our Mumbai office, you will drive risk management excellence by executing precise testing of controls and collaborating with diverse teams to strengthen our control environments. This role is integral to maintaining the integrity of our financial operations in a highly regulated industry, where precision and foresight are paramount. In this position, you will conduct independent testing across compliance and operational risk areas, focusing on key processes such as transaction monitoring, trade compliance, and operational controls within JP Morgan's global framework. You will develop testing plans aligned with firm-wide standards, analyze results to uncover potential vulnerabilities, and partner with business leaders to implement effective remediation. Your work will directly contribute to JP Morgan's commitment to ethical practices and regulatory adherence, particularly in the dynamic Indian financial market influenced by RBI and SEBI guidelines. Expect to engage in root cause analysis, prepare insightful reports for senior stakeholders, and support broader audit and regulatory interactions. We seek a proactive professional passionate about risk mitigation in financial services. Joining JP Morgan Chase in Mumbai offers exposure to cutting-edge tools and methodologies in a collaborative, innovative environment. You will have opportunities for career growth through our renowned training programs, working alongside experts who shape the future of global finance. If you thrive in a fast-paced setting and are dedicated to upholding the highest standards of compliance, this role will allow you to make a meaningful impact on one of the world's most respected financial institutions.

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 integrate them into the testing program to support JP Morgan's global risk management framework
• Conduct root cause analysis on control failures and track corrective action plans to closure
• Support audit and regulatory examinations by providing testing evidence and insights
• Train junior team members on compliance testing best practices within the Mumbai operations
• Leverage data analytics to improve the efficiency and accuracy of risk testing processes

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 CRISC, CIA, or FRM
• Prior experience at a major financial institution like JP Morgan Chase
• 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 banking
• Data analysis and visualization (e.g., Excel, Tableau)
• Report writing and presentation skills
• Analytical thinking and problem-solving
• Attention to detail and accuracy
• Project management abilities
• Communication and stakeholder engagement
• Familiarity with SQL or Python for data querying
• Understanding of operational risk frameworks
• Team collaboration in multicultural environments
• Time management under deadlines
• Ethical judgment in high-stakes financial settings
• Adaptability to evolving regulations

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 certifications
• Employee stock purchase plan and financial wellness resources
• On-site fitness centers and wellness initiatives in Mumbai office
• Global mobility opportunities within JP Morgan Chase network

JP Morgan Chase is an equal opportunity employer.