Associate, Finance Compliance and Ops Risk Test Lead

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 with operations spanning investment banking, consumer and community banking, commercial banking, and asset and wealth management. Our Compliance & Ops Risk Testing team plays a critical role in safeguarding the integrity of our financial operations, particularly in dynamic markets like India. As an Associate, Finance Compliance and Ops Risk Test Lead based in Bengaluru, Karnataka, you will spearhead efforts to assess and mitigate risks in finance-related processes, ensuring our adherence to stringent regulatory standards while driving operational efficiency. This role is pivotal in maintaining the trust of our clients and regulators by identifying control gaps and leading remediation initiatives that align with JP Morgan's commitment to ethical banking practices. In this position, you will lead risk assessments across finance operations, including transaction processing, reporting, and reconciliation activities. You will design and implement testing programs that evaluate the effectiveness of internal controls, drawing on your expertise in operational risk frameworks. Collaborating with cross-functional teams in Bengaluru and globally, you will analyze testing results, recommend enhancements, and track remediation progress to close any identified deficiencies. Your work will directly contribute to JP Morgan Chase's robust risk management culture, helping to navigate complex regulations such as those from the Reserve Bank of India (RBI) and international standards like Basel III, while fostering a proactive approach to compliance in our fast-evolving financial landscape. We seek a strategic thinker with a passion for risk mitigation and a deep understanding of the financial services industry. You will mentor team members, leverage data analytics for insightful risk identification, and prepare executive-level reports that inform decision-making. Joining JP Morgan Chase means being part of an innovative environment that values diversity, professional growth, and work-life balance, with opportunities to advance in a world-class institution dedicated to powering the progress of individuals and communities worldwide.

Key Responsibilities

• Lead comprehensive risk assessments and control testing for finance operations to identify gaps in compliance and operational processes
• Develop and execute testing strategies aligned with JP Morgan Chase's enterprise risk management framework
• Collaborate with business units in Bengaluru and global teams to drive remediation efforts and ensure timely closure of identified issues
• Monitor regulatory changes and assess their impact on finance compliance within the Indian market
• Prepare detailed reports on testing outcomes, control deficiencies, and remediation progress for senior management
• Mentor junior team members and foster a culture of risk awareness and operational excellence
• Utilize data analytics to enhance testing efficiency and identify emerging risks in financial transactions
• Ensure adherence to JP Morgan's policies on operational risk, including fraud prevention and data integrity
• Coordinate with audit and regulatory teams to support external examinations and internal validations

Required Qualifications

• Bachelor's degree in Finance, Accounting, Business Administration, or a related field
• Minimum of 5 years of experience in compliance, operational risk management, or internal audit within the financial services industry
• Proven track record in leading risk assessments and testing programs in a banking or financial institution environment
• Strong understanding of regulatory frameworks such as Basel III, Dodd-Frank, and local Indian regulations including RBI guidelines
• Experience with control testing methodologies and remediation planning
• Ability to work collaboratively in a matrixed organization with cross-functional teams
• Professional certifications such as CRISC, CIA, or CISA

Preferred Qualifications

• Advanced degree (MBA or Master's in Finance/Risk Management)
• Experience in leading teams in a global financial institution like JP Morgan Chase
• Knowledge of data analytics tools for risk testing and compliance monitoring
• Prior exposure to anti-money laundering (AML) and know-your-customer (KYC) processes
• Familiarity with JP Morgan's internal risk management systems and tools

Required Skills

• Expertise in risk assessment and control testing methodologies
• Proficiency in regulatory compliance for financial services
• Strong analytical and problem-solving abilities
• Excellent communication and stakeholder management skills
• Knowledge of financial reporting standards (IFRS, GAAP)
• Experience with risk management software (e.g., Archer, RSA Archer)
• Data analysis tools proficiency (Excel, SQL, Tableau)
• Leadership and team management capabilities
• Attention to detail and process improvement mindset
• Understanding of operational risk in banking operations
• Project management skills for remediation initiatives
• Adaptability to fast-paced, regulated environments
• Interpersonal skills for cross-functional collaboration
• Technical writing for reports and documentation

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 initiatives at JP Morgan Chase campuses
• Flexible work arrangements and hybrid work options in Bengaluru

JP Morgan Chase is an equal opportunity employer.