Associate, Third Party Risk Assessment

Location: Bengaluru, Karnataka, India

Job Family: Operating Risk & Control Mgt

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 Operating Risk & Control Management team plays a critical role in safeguarding the firm by identifying, assessing, and mitigating risks across our vast network of third-party relationships. As an Associate, Third Party Risk Assessment in our Bengaluru office, you will join a dynamic team dedicated to driving high-quality reviews and executions of third-party assessments. This role is pivotal in ensuring that our partnerships with vendors and external entities align with our rigorous risk standards, protecting our clients and the integrity of our financial services worldwide. In this position, you will perform comprehensive end-to-end quality reviews of Third-Party Risk Assessments, collaborating closely with risk managers, compliance officers, and business leaders to evaluate potential exposures in areas such as data security, operational resilience, and regulatory adherence. You will assist in the hands-on execution of assessments, from initial due diligence to ongoing monitoring, utilizing advanced risk methodologies tailored to the financial industry. Your work will directly contribute to JP Morgan Chase's commitment to robust third-party oversight, helping to mitigate risks that could impact our global operations, including treasury services, payments, and investment advisory. We seek a proactive professional passionate about risk management in a high-stakes banking environment. Based in Bengaluru, Karnataka, India, this role offers the opportunity to grow within one of the world's most respected financial institutions, contributing to innovative risk solutions that support JP Morgan Chase's mission of enabling economic growth. If you thrive in a collaborative setting and have a keen eye for detail, this position provides a platform to advance your career while making a tangible impact on our third-party risk framework.

Key Responsibilities

• Conduct end-to-end quality reviews of Third-Party Risk Assessments to ensure compliance with JP Morgan Chase standards and regulatory requirements
• Assist in the execution of third-party assessments, including due diligence, risk identification, and mitigation planning
• Collaborate with cross-functional teams to evaluate vendor performance and ongoing risk exposure in financial services operations
• Develop and maintain documentation for assessment processes, ensuring accuracy and audit readiness
• Monitor third-party relationships for emerging risks, such as geopolitical or operational disruptions impacting banking services
• Provide recommendations to senior management on risk mitigation strategies for third-party engagements
• Support the implementation of controls and procedures to enhance third-party oversight within the Operating Risk & Control Management framework
• Participate in training and awareness programs on third-party risk best practices for JP Morgan teams
• Analyze assessment data to identify trends and improve the efficiency of the risk review process
• Ensure adherence to global standards while tailoring assessments to the unique needs of JP Morgan's financial products and services

Required Qualifications

• Bachelor's degree in Finance, Business Administration, Risk Management, or a related field
• Minimum of 3-5 years of experience in third-party risk management, vendor assessments, or operational risk in the financial services industry
• Strong understanding of regulatory requirements such as OCC, FDIC, and Basel III guidelines related to third-party oversight
• Proficiency in risk assessment methodologies and tools used in banking environments
• Experience with end-to-end review processes for third-party engagements
• Ability to analyze complex data and identify potential risks in financial partnerships
• Certification in risk management (e.g., CRISC, CISA) or equivalent

Preferred Qualifications

• Advanced degree (MBA or Master's in Risk Management)
• Experience working in a global financial institution like JP Morgan Chase
• Knowledge of cybersecurity risks in third-party vendor relationships
• Familiarity with JP Morgan's internal risk management frameworks
• Prior involvement in audit or compliance roles within banking

Required Skills

• Risk assessment and analysis
• Regulatory compliance knowledge
• Vendor due diligence
• Data analysis and reporting
• Project management
• Attention to detail
• Communication and stakeholder engagement
• Problem-solving and critical thinking
• Proficiency in Microsoft Excel and risk management software (e.g., Archer, RSA Archer)
• Understanding of financial services operations
• Team collaboration
• Time management in fast-paced environments
• Knowledge of cybersecurity frameworks
• Report writing and documentation
• Adaptability to changing regulations

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 relevant certifications
• Employee stock purchase plan and other financial wellness benefits
• Flexible work arrangements and wellness programs including gym memberships
• Global mobility opportunities within JP Morgan Chase's international network

JP Morgan Chase is an equal opportunity employer.