Credit Risk Middle Office - Associate

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 Associate based in our Mumbai office, you will contribute to the robust management of credit risk across our diverse portfolios, ensuring accurate reporting and control mechanisms that support our commitment to sound risk practices. This position is ideal for professionals passionate about the intersection of finance, data, and regulatory compliance in a dynamic, high-stakes environment. In this role, you will be responsible for validating and producing key credit risk reports that inform decision-making at executive levels and satisfy stringent regulatory requirements. You will analyze credit exposures, monitor portfolio health, and collaborate with cross-functional teams to mitigate risks in real-time. Opportunities to work on innovative projects, such as integrating advanced analytics into risk frameworks or supporting stress testing for global markets, will allow you to grow your expertise in credit risk methodologies like PD, LGD, and EAD. Your contributions will directly impact JP Morgan Chase's ability to navigate complex financial landscapes while upholding our standards of integrity and excellence. We value diverse perspectives and foster an inclusive culture where associates can thrive. Joining our Mumbai team, you will benefit from exposure to international projects and mentorship from seasoned risk professionals. This associate-level position offers a pathway for career advancement within one of the world's most admired financial institutions, with a focus on continuous learning and professional development.

Key Responsibilities

• Support the daily production and validation of credit risk reports for senior management and regulatory submissions
• Monitor and analyze credit exposures across various asset classes, ensuring accuracy in risk metrics and limits
• Collaborate with front office, back office, and control functions to resolve discrepancies in trade and risk data
• Assist in the implementation of new credit risk models and methodologies in alignment with JP Morgan's risk framework
• Conduct ad-hoc analyses on portfolio performance, stress testing, and scenario modeling for credit risk
• Ensure compliance with internal policies and external regulations in all reporting activities
• Contribute to process improvements and automation initiatives to enhance middle office efficiency
• Provide support for audits, examinations, and risk committee preparations
• Track and report on key risk indicators (KRIs) and early warning signals for credit deterioration
• Liaise with global teams in New York, London, and other hubs to standardize credit risk reporting practices

Required Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, or a related quantitative field
• Minimum of 3-5 years of experience in credit risk management, middle office operations, or financial risk reporting within the banking or financial services industry
• Strong understanding of credit risk methodologies, including probability of default (PD), loss given default (LGD), and exposure at default (EAD)
• Proficiency in regulatory frameworks such as Basel III, IFRS 9, and CECL relevant to credit risk reporting
• Experience with data analysis and reporting tools in a high-volume financial environment
• Ability to work in a fast-paced, global team environment with cross-functional stakeholders
• Relevant certifications such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst) Level I or higher

Preferred Qualifications

• Advanced degree (Master's or MBA) in Finance, Risk Management, or a quantitative discipline
• Prior experience at a major financial institution like JP Morgan Chase or similar in credit risk middle office roles
• Hands-on experience with JP Morgan's internal risk systems or similar proprietary platforms
• Knowledge of emerging risks in credit portfolios, including ESG factors and climate-related credit risks
• Demonstrated project management experience in risk reporting initiatives

Required Skills

• Proficiency in SQL and data querying for large financial datasets
• Advanced Excel skills including VBA macros and pivot tables
• Knowledge of Python or R for risk modeling and automation
• Understanding of financial instruments such as loans, bonds, derivatives, and securitizations
• Strong analytical and problem-solving abilities
• Excellent attention to detail and data accuracy
• Effective communication skills for presenting complex risk information
• Project management and organizational skills
• Regulatory knowledge in credit risk and reporting standards
• Team collaboration and stakeholder management
• Time management in deadline-driven environments
• Familiarity with risk management software like Murex or Aladdin
• Quantitative modeling skills for credit risk assessment
• Adaptability to evolving regulatory and market conditions
• 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, including tuition reimbursement and access to JP Morgan's learning academy
• Employee stock purchase plan and other financial wellness benefits
• On-site fitness centers, wellness programs, and mental health support
• Global mobility opportunities and relocation assistance for eligible roles

JP Morgan Chase is an equal opportunity employer.