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, focusing on independent oversight, reporting, and control of credit risk activities. As a Credit Risk Middle Office Associate based in our Mumbai office, you will join a dynamic team dedicated to safeguarding the firm's credit portfolio against evolving market risks. This position is integral to our Risk Reporting category, ensuring that credit exposures are accurately measured, reported, and managed in alignment with global standards. Mumbai, as a key hub for JP Morgan Chase's Asia-Pacific operations, offers exposure to high-impact projects supporting our worldwide network. In this role, you will be responsible for monitoring credit risk across diverse asset classes, including loans, derivatives, and securities, while collaborating closely with front office, back office, and senior risk stakeholders. Your day-to-day activities will involve analyzing exposure data, validating risk models, and producing insightful reports that inform strategic decision-making. You will contribute to stress testing exercises and regulatory filings, leveraging advanced analytics to identify potential vulnerabilities in the portfolio. This position demands a proactive approach to risk identification and mitigation, ensuring compliance with frameworks like Basel III and internal policies, all while fostering a culture of risk awareness within the organization. We seek candidates who thrive in a collaborative, high-pressure environment and are passionate about the intersection of finance and technology. At JP Morgan Chase, you will have access to cutting-edge tools and continuous learning opportunities to advance your career in risk management. This role not only offers professional growth but also the chance to contribute to the stability and success of one of the world's most admired financial institutions, impacting clients and markets globally.

Key Responsibilities

• Monitor and analyze credit exposures across JP Morgan Chase's global portfolio to ensure compliance with internal risk limits and regulatory requirements
• Prepare and deliver comprehensive credit risk reports for senior management and regulatory bodies, including stress testing and scenario analysis
• Collaborate with front office trading teams and back office operations to validate credit risk data and resolve discrepancies
• Support the implementation of credit risk policies and procedures within the Corporate Risk framework
• Conduct independent reviews of credit risk models and methodologies to identify potential improvements or risks
• Assist in the development of risk reporting dashboards using tools like Tableau or Alteryx for enhanced visualization
• Liaise with international teams in New York, London, and other hubs to align on global risk reporting standards
• Contribute to ad-hoc projects related to credit risk transformation initiatives at JP Morgan Chase
• Ensure timely escalation of credit risk issues and recommend mitigation strategies

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 Basel regulations and IFRS 9
• Proficiency in financial modeling and data analysis tools relevant to risk assessment
• Experience working in a global financial institution with exposure to cross-border risk reporting
• Ability to handle sensitive financial data with strict adherence to compliance standards

Preferred Qualifications

• Advanced degree (Master's or MBA) in Finance or Risk Management
• Certification such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst)
• Prior experience in JP Morgan Chase or a similar tier-1 investment bank
• Knowledge of emerging technologies like AI/ML in risk analytics

Required Skills

• Credit risk analysis and modeling
• Financial reporting and regulatory compliance (Basel III, Dodd-Frank)
• Data analytics using SQL, Python, or R
• Excel advanced functions and VBA scripting
• Risk management frameworks and stress testing
• Attention to detail and accuracy in high-stakes environments
• Strong communication and stakeholder management
• Problem-solving and analytical thinking
• Knowledge of financial instruments (derivatives, loans, bonds)
• Project management for risk initiatives
• Adaptability to fast-paced financial markets
• Team collaboration in multicultural settings
• Proficiency in risk visualization tools (Tableau, Power BI)
• Understanding of IFRS 9 and CECL accounting standards
• Ethical judgment in handling confidential 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 and tuition reimbursement for certifications
• Employee stock purchase plan and financial wellness resources
• On-site fitness centers and wellness programs at JP Morgan Chase facilities
• Global mobility opportunities and relocation support for career growth

JP Morgan Chase is an equal opportunity employer.