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 committed to fostering innovation and integrity in everything we do. As an Associate, Compliance and Ops Risk Test Specialist in our Mumbai office, you will play a pivotal role in driving risk management excellence within the Compliance & Ops Risk Testing team. This position involves executing precise testing of operational controls, collaborating with diverse teams to strengthen control environments, and ensuring our operations align with stringent regulatory requirements in the financial services industry. Reporting to the Compliance and Operational Risk leadership, you will contribute to safeguarding the firm's reputation and operational resilience in a dynamic global market. Your core responsibilities will include performing independent assessments of compliance processes, analyzing transactional data for risk indicators, and recommending enhancements to mitigate potential exposures. You will work closely with business lines, technology teams, and regulatory affairs to validate control effectiveness, prepare insightful reports, and support remediation efforts. In this role, you will leverage your expertise in risk frameworks like those under RBI oversight and global standards to identify trends and drive proactive improvements, ensuring JP Morgan Chase maintains its position as a trusted financial leader. We seek a detail-oriented professional passionate about risk management who thrives in a collaborative, high-stakes environment. This opportunity offers exposure to cutting-edge tools and methodologies in financial compliance, with the chance to grow within one of the world's largest banks. Join us in Mumbai to help shape a secure and innovative future for our clients and stakeholders.

Key Responsibilities

• Execute independent testing of compliance and operational risk controls to identify gaps and ensure adherence to regulatory standards
• Collaborate with business units, compliance teams, and senior management to develop and enhance risk management frameworks
• Conduct detailed reviews and analysis of transactional data, processes, and systems for potential risks
• Prepare comprehensive reports on testing outcomes, including recommendations for control improvements
• Monitor emerging regulatory changes and assess their impact on JP Morgan Chase's operations in India
• Facilitate training sessions for teams on compliance best practices and risk mitigation strategies
• Support audit processes by providing evidence of control effectiveness and remediation actions
• Drive continuous improvement initiatives in the testing program to align with global risk management excellence
• Liaise with regulatory bodies such as RBI to ensure timely reporting and compliance
• Utilize data analytics to identify trends and potential areas of operational risk exposure

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 testing and validating operational risk controls at a large financial institution
• Knowledge of JP Morgan Chase's internal risk management policies and procedures
• Familiarity with anti-money laundering (AML) and know-your-customer (KYC) compliance requirements
• Master's degree in Risk Management or a related discipline

Required Skills

• Expertise in regulatory compliance and operational risk management
• Proficiency in data analysis and visualization tools like Excel, Tableau, or SQL
• Strong analytical and problem-solving abilities
• Excellent written and verbal communication skills
• Knowledge of financial services regulations and banking operations
• Experience with risk assessment and control testing methodologies
• Ability to manage multiple priorities in a fast-paced environment
• Collaborative teamwork and stakeholder management
• Attention to detail and accuracy in reporting
• Familiarity with audit software and compliance tracking systems
• Project management skills for testing initiatives
• Adaptability to evolving regulatory landscapes
• Proficiency in Microsoft Office Suite
• Critical thinking for identifying risk exposures
• Interpersonal skills for cross-functional collaboration

Benefits

• Competitive base salary and performance-based annual bonuses
• Comprehensive health insurance coverage including medical, dental, and vision plans
• Retirement savings plan with company matching contributions
• Generous paid time off, including vacation, sick leave, and parental leave
• 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, including hybrid options in Mumbai
• Stock purchase plan and employee stock ownership opportunities

JP Morgan Chase is an equal opportunity employer.