Associate - Market Risk Middle Office Data Improvement

Location: Bengaluru, Karnataka, India

Job Family: Risk Reporting

About the Role

JPMorgan Chase & Co. is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. We operate in over 100 markets, providing innovative solutions to clients across investment banking, consumer and community banking, commercial banking, and asset and wealth management. The Market Risk Middle Office Data Improvement team in Bengaluru plays a critical role in ensuring the integrity and reliability of data used in market risk assessments, supporting the Firm's commitment to robust risk management practices. As an Associate in this team, you will contribute to enhancing data quality for risk reporting, enabling accurate decision-making for traders, portfolio managers, and senior executives in a dynamic, high-stakes environment. In this position, you will work closely with cross-functional teams including front office, risk analytics, and technology groups to identify data discrepancies, implement improvements, and streamline processes. Key focus areas include validating market data feeds, reconciling positions across systems, and developing controls to mitigate data risks in line with JP Morgan's enterprise-wide data governance standards. You will leverage tools like SQL, Python, and visualization platforms to analyze vast datasets, ensuring compliance with regulatory requirements such as Basel III and internal audit standards. This role offers exposure to sophisticated risk models and the opportunity to impact the Firm's global market risk framework from our state-of-the-art Bengaluru office. The ideal candidate thrives in a collaborative, fast-paced setting and is passionate about data-driven insights in finance. You will report to the Market Risk Data Improvement Lead and have opportunities for growth within JP Morgan's renowned risk management organization. Join us to advance your career while contributing to the stability and innovation that define JPMorgan Chase in the financial services industry.

Key Responsibilities

• Collaborate with market risk teams to identify and resolve data quality issues in risk reporting systems
• Perform data validation, reconciliation, and enhancement for market risk metrics including VaR and sensitivity analyses
• Develop and maintain data lineage documentation to ensure traceability in JP Morgan's risk platforms
• Analyze large datasets using SQL and visualization tools to support risk model improvements
• Partner with technology teams to implement data quality controls and automation scripts
• Contribute to regulatory reporting processes by ensuring accuracy and timeliness of market risk data
• Monitor and report on key data quality KPIs to senior management
• Support ad-hoc data requests from global risk stakeholders in New York and London
• Participate in cross-functional initiatives to enhance data governance within the Firm's middle office
• Stay updated on industry best practices for market risk data management

Required Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, Computer Science, or a related field
• 3-5 years of experience in risk management, data analysis, or middle office operations within the financial services industry
• Strong understanding of market risk concepts, including VaR, stress testing, and risk metrics
• Proficiency in data management tools and SQL for querying large datasets
• Experience with financial data sources and reconciliation processes in a banking environment
• Ability to work in a fast-paced, global team environment
• Relevant certifications such as FRM (Financial Risk Manager) or CFA Level 1

Preferred Qualifications

• Advanced degree (Master's or MBA) in Finance or Quantitative Finance
• Prior experience at a major financial institution like JP Morgan Chase in risk reporting or data governance
• Knowledge of regulatory requirements such as Basel III or Dodd-Frank for market risk
• Familiarity with Python or R for data scripting and automation
• Experience in agile methodologies for data improvement projects

Required Skills

• Proficiency in SQL and database querying
• Knowledge of market risk methodologies (VaR, ES, stress testing)
• Data analysis and reconciliation expertise
• Financial modeling and Excel advanced functions
• Understanding of Python or R for data manipulation
• Strong analytical and problem-solving abilities
• Attention to detail and accuracy in data handling
• Excellent communication skills for stakeholder collaboration
• Project management in agile environments
• Familiarity with regulatory frameworks in banking
• Risk reporting and dashboard creation (e.g., Tableau or Power BI)
• Teamwork in multicultural, global settings
• Adaptability to evolving financial technologies
• Quantitative aptitude for risk metrics
• Ethical judgment in handling sensitive financial data

Benefits

• Competitive base salary and performance-based annual bonuses
• Comprehensive health, dental, and vision insurance coverage
• Retirement savings plan with generous company matching contributions
• Paid time off including vacation, sick leave, and parental leave
• Professional development programs and tuition reimbursement for certifications like FRM or CFA
• Employee stock purchase plan and financial wellness resources
• On-site fitness centers and wellness programs at JP Morgan's Bengaluru campus
• Global mobility opportunities and career progression paths within the Firm

JP Morgan Chase is an equal opportunity employer.