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 operations, ensuring adherence to stringent regulatory requirements while driving operational excellence. As an Associate, Finance Compliance and Ops Risk Test Lead in our Bengaluru, Karnataka location, you will spearhead efforts to assess and mitigate risks in finance-related processes, contributing to the firm's reputation for robust risk management in the dynamic financial services industry. In this pivotal role, you will lead risk assessments across key finance areas such as regulatory reporting, anti-money laundering controls, and operational workflows. Your responsibilities will include identifying control gaps through rigorous testing, developing actionable remediation strategies, and collaborating with global stakeholders to implement enhancements that bolster compliance and efficiency. Leveraging your expertise in financial regulations like those from the RBI and international bodies, you will drive initiatives that not only address current risks but also anticipate emerging challenges in a rapidly evolving banking landscape. This position offers the opportunity to influence high-impact decisions at one of the world's largest banks, working in a collaborative environment that values innovation and precision. We seek a proactive leader with a deep understanding of operational risk in financial services, capable of navigating complex regulatory environments while fostering a culture of accountability. At JP Morgan Chase, you will have access to cutting-edge tools, extensive training, and a supportive network to advance your career. Join us in Bengaluru to help shape the future of secure and efficient financial operations, making a tangible difference in how we serve clients worldwide.

Key Responsibilities

• Lead comprehensive risk assessments and control testing for finance compliance and operational risk areas within JP Morgan Chase's Bengaluru operations
• Identify control gaps and vulnerabilities in processes related to financial reporting, transaction monitoring, and regulatory adherence
• Develop and execute remediation plans to address identified risks, ensuring timely closure and enhanced operational efficiency
• Collaborate with cross-functional teams including finance, legal, and technology to implement robust control frameworks
• Monitor and report on key risk indicators (KRIs) and control effectiveness to senior management and regulatory bodies
• Drive continuous improvement initiatives in testing methodologies, leveraging data analytics for proactive risk identification
• Ensure compliance with global standards and local regulations, including those from the RBI and SEC
• Mentor junior team members and foster a culture of risk awareness in the finance operations group
• Conduct periodic reviews and simulations to test resilience against operational disruptions
• Prepare detailed documentation and presentations for audit committees and regulatory examinations

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 control testing in a banking environment
• Strong understanding of regulatory frameworks such as Basel III, Dodd-Frank, and local Indian regulations like RBI guidelines
• Experience with remediation planning and execution for compliance and operational risks
• Ability to work in a fast-paced, high-stakes environment at a global financial institution like JP Morgan Chase
• Professional certifications such as CRISC, CIA, or CISA

Preferred Qualifications

• Advanced degree (MBA or Master's in Risk Management) from a recognized institution
• Prior experience in leading teams for ops risk testing at a Tier-1 bank
• Familiarity with JP Morgan Chase's internal risk management systems and tools
• Knowledge of data analytics and automation in compliance testing
• Experience in cross-functional collaboration with global teams in finance and operations

Required Skills

• Expertise in risk assessment methodologies and control testing frameworks
• Proficiency in regulatory compliance and financial reporting standards
• Strong analytical skills for identifying and quantifying operational risks
• Data analytics and visualization tools like SQL, Tableau, or Python
• Excellent project management abilities for leading remediation initiatives
• Superior communication skills for stakeholder engagement and reporting
• Knowledge of banking operations and transaction processing systems
• Problem-solving acumen in complex, high-pressure environments
• Leadership and team-building skills for mentoring compliance teams
• Attention to detail in documentation and audit trail maintenance
• Adaptability to evolving regulatory landscapes in financial services
• Familiarity with GRC (Governance, Risk, and Compliance) software
• Interpersonal skills for cross-cultural collaboration in a global firm
• Time management to handle multiple priorities effectively
• Ethical judgment in upholding JP Morgan Chase's integrity standards

Benefits

• Competitive base salary and performance-based bonuses aligned with JP Morgan Chase's compensation philosophy
• Comprehensive health insurance coverage including medical, dental, and vision for employees and dependents
• Retirement savings plan with employer matching contributions to support long-term financial security
• Generous 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 featuring fitness reimbursements and mental health support
• Flexible work arrangements, including hybrid options in the Bengaluru office
• Global mobility support for career advancement within JP Morgan Chase's international network

JP Morgan Chase is an equal opportunity employer.