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 a strong commitment to innovation and risk management. The Credit Risk Middle Office - Analyst role within our Wholesale Credit Risk Organization in Mumbai plays a pivotal part in supporting global credit risk functions. This position focuses on ensuring robust oversight of credit exposures for corporate and investment banking activities, helping to safeguard the firm's portfolio against potential risks while enabling informed decision-making. As an Analyst, you will work in a dynamic environment that bridges front office trading and back-office controls, contributing to the firm's reputation for excellence in risk management. Key responsibilities include monitoring credit portfolios, validating risk data, and generating insightful reports that comply with international standards like Basel III and IFRS 9. You will collaborate with cross-functional teams to analyze credit metrics such as probability of default (PD) and loss given default (LGD), perform stress testing, and escalate emerging risks. This role demands a keen eye for detail and the ability to handle large datasets using tools like SQL and Excel, ensuring accuracy in high-stakes financial reporting. Opportunities for involvement in ad-hoc projects will allow you to deepen your expertise in wholesale credit products, including syndicated loans and derivatives. Joining JP Morgan Chase means becoming part of a world-class team that values diversity, professional growth, and work-life balance. In Mumbai, our state-of-the-art office provides a collaborative space with access to cutting-edge technology and global networks. We offer competitive compensation, comprehensive benefits, and pathways for career advancement within our Risk Reporting category. If you have a passion for financial risk and a drive to make an impact in the industry, this role offers an exciting opportunity to contribute to one of the most influential institutions in global finance.

Key Responsibilities

• Support the Wholesale Credit Risk Organization by monitoring and analyzing credit exposures across global portfolios
• Prepare and validate credit risk reports, ensuring accuracy and compliance with internal and regulatory standards
• Collaborate with front office, risk management, and compliance teams to assess and mitigate credit risks
• Perform data reconciliation and quality checks on credit risk metrics, including PD, LGD, and EAD calculations
• Assist in the development and maintenance of risk reporting dashboards using tools like Tableau or Power BI
• Contribute to ad-hoc projects, such as stress testing and scenario analysis for credit portfolios
• Ensure timely escalation of credit risk issues and support audit and regulatory examinations
• Maintain documentation of risk processes and procedures in line with JP Morgan's governance framework
• Monitor market developments and their impact on credit portfolios, providing insights to senior management

Required Qualifications

• Bachelor's degree in Finance, Economics, Business Administration, or a related field
• 2-4 years of experience in credit risk management, middle office operations, or financial services risk support
• Strong understanding of wholesale credit products, including loans, derivatives, and structured finance
• Proficiency in financial modeling and data analysis using tools like Excel and SQL
• Knowledge of regulatory frameworks such as Basel III, IFRS 9, and credit risk reporting standards
• Excellent attention to detail and ability to handle complex data sets in a fast-paced environment
• Authorization to work in India without sponsorship

Preferred Qualifications

• Advanced degree (MBA or Master's in Finance) or relevant certifications like FRM or CFA Level 1
• Experience in a global financial institution with exposure to cross-border credit risk
• Familiarity with JP Morgan Chase's internal risk management systems and processes
• Prior work in middle office roles supporting front office trading and risk teams
• Fluency in English and proficiency in additional languages for global team collaboration

Required Skills

• Credit risk analysis and modeling
• Financial statement analysis
• Data validation and reconciliation
• SQL and database querying
• Advanced Microsoft Excel (pivot tables, VBA)
• Risk reporting and visualization tools (e.g., Tableau)
• Regulatory compliance knowledge (Basel, IFRS)
• Attention to detail
• Analytical thinking and problem-solving
• Communication and stakeholder management
• Time management in high-pressure environments
• Team collaboration across global teams
• Adaptability to changing market conditions
• Proficiency in financial software (e.g., Alteryx, Python basics)

Benefits

• Competitive base salary and performance-based annual bonuses
• Comprehensive health, dental, and vision insurance coverage
• Retirement savings plan with 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 wellness initiatives, such as gym memberships and mental health support
• Flexible work arrangements, including hybrid options in Mumbai
• Global mobility opportunities within JP Morgan Chase

JP Morgan Chase is an equal opportunity employer.