Credit Risk Middle Office - Analyst

Location: Mumbai, Maharashtra, India

Job Family: Risk Reporting

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. The Credit Risk Middle Office (CRMO) plays a pivotal role within our Corporate Risk organization, specifically under the Reporting Middle Office and Control team. As a Credit Risk Middle Office Analyst in Mumbai, you will contribute to the robust oversight of credit risk activities, ensuring that our extensive portfolios remain resilient against market volatilities and regulatory demands. This position is ideal for detail-oriented professionals passionate about financial risk management in a dynamic, technology-driven environment. In this role, you will support the end-to-end credit risk reporting process, from data aggregation to insightful analytics. Key tasks include monitoring credit exposures, validating data accuracy across systems, and preparing comprehensive reports that inform strategic decisions at the executive level. You will work closely with cross-functional teams to identify potential risks, perform stress tests, and ensure adherence to global standards like Basel III and IFRS 9. Your contributions will directly impact how JP Morgan Chase manages credit portfolios for corporate clients, institutions, and retail segments, fostering a culture of transparency and control. We value innovation and collaboration, providing you with access to cutting-edge tools and mentorship from seasoned risk experts. This Analyst position offers significant growth opportunities within our Mumbai hub, a key center for APAC operations, where you can advance your career in financial services. Join us to leverage your quantitative skills and risk knowledge in safeguarding one of the world's most trusted financial institutions.

Key Responsibilities

• Support the Credit Risk Middle Office in monitoring and reporting on credit exposures across various portfolios
• Assist in the preparation of daily, weekly, and monthly risk reports for senior management and regulatory bodies
• Collaborate with front office, back office, and risk teams to ensure accurate data capture and validation
• Perform credit risk analysis, including stress testing and scenario modeling for potential defaults
• Identify and escalate control issues or data discrepancies in credit risk systems
• Contribute to the development and enhancement of risk reporting tools and dashboards
• Ensure compliance with internal policies and external regulations in all reporting activities
• Support ad-hoc projects related to credit risk methodology updates or system implementations
• Review and reconcile credit risk data from multiple sources to maintain data integrity
• Provide analytical support for credit portfolio reviews and risk appetite discussions

Required Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, or a related quantitative field
• 2-4 years of experience in credit risk management, financial services, or middle office operations
• Strong understanding of credit risk principles, including credit assessment, portfolio monitoring, and regulatory requirements
• Proficiency in financial modeling and data analysis tools such as Excel, SQL, or Python
• Knowledge of banking regulations like Basel III, IFRS 9, and CECL
• Excellent analytical skills with the ability to interpret complex financial data
• Ability to work in a fast-paced, global team environment

Preferred Qualifications

• Advanced degree (Master's or MBA) in Finance or Risk Management
• Experience in a middle office role at a major financial institution
• Familiarity with JP Morgan Chase's risk management frameworks and systems
• Certification in risk management (e.g., FRM or CFA Level 1)
• Prior exposure to wholesale or retail credit portfolios

Required Skills

• Credit risk analysis
• Financial modeling
• Data validation and reconciliation
• SQL querying
• Excel advanced functions (VBA preferred)
• Python or R for data analysis
• Regulatory knowledge (Basel, IFRS)
• Attention to detail
• Analytical thinking
• Communication skills (written and verbal)
• Problem-solving
• Time management in high-pressure environments
• Team collaboration
• Risk reporting
• Stress testing methodologies

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, including tuition reimbursement and access to internal training
• Employee stock purchase plan and other financial wellness benefits
• Wellness programs with gym memberships and mental health support
• Global mobility opportunities within JP Morgan Chase's network

JP Morgan Chase is an equal opportunity employer.