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) team plays a pivotal role in the Reporting Middle Office and Control organization within Corporate Risk, ensuring robust oversight of credit exposures across our diverse portfolios. As a Credit Risk Middle Office Analyst in Mumbai, you will contribute to maintaining the integrity of our risk reporting processes, supporting JP Morgan's commitment to sound risk management practices in a dynamic financial landscape. This role is ideal for professionals passionate about credit risk and eager to work in a collaborative, innovative environment at one of the world's largest banks. In this position, you will be responsible for monitoring credit risk metrics, analyzing portfolio performance, and generating insightful reports that inform decision-making at all levels. You will work closely with cross-functional teams to validate data, perform stress tests, and ensure compliance with global regulatory standards such as Basel III and Dodd-Frank. Leveraging your analytical expertise, you will help identify emerging risks in wholesale lending, derivatives, and structured finance products, contributing directly to JP Morgan's risk-adjusted return objectives. The role demands a keen eye for detail and the ability to thrive in a fast-paced setting where accuracy and timeliness are paramount. Joining JP Morgan Chase offers unparalleled opportunities for growth in the financial services industry. Based in our state-of-the-art Mumbai office, you will benefit from exposure to cutting-edge technologies and mentorship from seasoned risk professionals. We foster a culture of inclusion and innovation, empowering you to develop your career while making a tangible impact on global finance. If you have a strong foundation in credit risk and a drive to excel, this Analyst role in CRMO is your chance to advance within a prestigious institution renowned for its leadership in risk management.

Key Responsibilities

• Conduct daily monitoring and analysis of credit exposures across JP Morgan's wholesale and investment banking portfolios
• Prepare and validate credit risk reports for senior management and regulatory submissions, ensuring accuracy and compliance with internal policies
• Collaborate with front office, back office, and risk teams to identify and mitigate potential credit risks in real-time
• Perform stress testing and scenario analysis on credit portfolios to assess potential impacts under various market conditions
• Support the development and enhancement of credit risk reporting tools and dashboards using advanced analytics
• Review and reconcile credit data from multiple sources to ensure data integrity and consistency
• Assist in the implementation of new regulatory requirements related to credit risk, such as IFRS 9 or CECL
• Provide analytical support for credit limit approvals and portfolio reviews
• Document risk assessment processes and contribute to the continuous improvement of middle office controls
• Participate in cross-functional projects aimed at optimizing JP Morgan's risk management framework

Required Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, or a related quantitative field
• 2-4 years of experience in credit risk management, financial analysis, or middle office operations within the banking or financial services industry
• Strong understanding of credit risk principles, including credit assessment, portfolio monitoring, and regulatory requirements such as Basel III
• Proficiency in financial modeling and data analysis tools, with experience in handling large datasets
• Knowledge of financial markets, derivatives, and structured products
• Excellent analytical and problem-solving skills with attention to detail
• Ability to work in a fast-paced, high-pressure environment and meet tight deadlines

Preferred Qualifications

• Advanced degree (Master's or MBA) in Finance, Risk Management, or a related field
• Experience in a middle office role at a global investment bank like JP Morgan Chase
• Familiarity with JP Morgan's internal risk management systems and reporting frameworks
• Certifications such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst)
• Prior exposure to credit risk reporting for wholesale or investment banking portfolios

Required Skills

• Proficiency in SQL for querying large financial databases
• Advanced Excel skills, including VBA macros and pivot tables
• Experience with data visualization tools like Tableau or Power BI
• Knowledge of Python or R for statistical analysis and modeling
• Understanding of financial instruments such as loans, bonds, and derivatives
• Strong quantitative and analytical abilities
• Excellent communication skills for presenting complex risk data to stakeholders
• Attention to detail and accuracy in data handling
• Problem-solving skills in identifying risk anomalies
• Team collaboration and interpersonal skills
• Time management and ability to prioritize multiple tasks
• Familiarity with regulatory reporting standards in banking
• Risk assessment and mitigation techniques
• Adaptability to evolving market and regulatory environments
• Proficiency in Microsoft Office Suite

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 at JP Morgan University
• Employee stock purchase plan and other financial wellness benefits
• Wellness programs, including gym memberships and mental health support
• Flexible work arrangements and relocation assistance for eligible roles

JP Morgan Chase is an equal opportunity employer.