Risk Management - Third Party Services Product - Senior Associate

Location: Wilmington, DE, United States

Job Family: Risk Support

About the Role

At JPMorgan Chase, we are at the forefront of financial services innovation, and our Risk Management team plays a pivotal role in safeguarding our global operations. As a Senior Associate in Risk Management - Third Party Services Product, you will join a dynamic group focused on overseeing risks associated with external vendors and partners that power our banking, investment, and asset management divisions. Based in Wilmington, DE, this role offers the opportunity to contribute to high-impact projects that drive sustainable growth while navigating the complexities of regulatory landscapes like Dodd-Frank and GDPR. You will foresee emerging risks in third-party ecosystems, solve intricate challenges through data-driven insights, and innovate beyond traditional norms to enhance our risk framework, ensuring JPMorgan Chase remains a trusted leader in the industry. In this position, you will conduct thorough due diligence on third-party providers, from initial onboarding to ongoing monitoring, identifying potential threats to operational integrity, data security, and financial stability. Collaborating with cross-functional teams across Chase's vast network, you will develop robust mitigation strategies that align with our enterprise-wide risk policies. Your work will involve analyzing vast datasets to predict risk scenarios, preparing executive-level reports, and supporting regulatory audits— all while fostering a culture of proactive risk management. This role demands a blend of technical acumen and strategic foresight, allowing you to influence decisions that protect billions in assets and serve millions of clients worldwide. JPMorgan Chase values innovation and professional growth, providing you with access to cutting-edge tools, mentorship from industry experts, and opportunities to advance within our Risk Support category. If you thrive in a collaborative environment where your expertise can make a tangible difference, this Senior Associate position is your chance to elevate your career while contributing to the resilience of one of the world's largest financial institutions. Join us in Wilmington, DE, and help shape the future of secure, third-party driven financial services.

Key Responsibilities

• Conduct comprehensive risk assessments for third-party services products to identify potential vulnerabilities and compliance issues
• Develop and implement risk mitigation strategies to support business growth while adhering to JPMorgan Chase's risk appetite
• Collaborate with internal stakeholders, including Legal, Compliance, and Technology teams, to oversee vendor onboarding and monitoring
• Analyze market trends and regulatory changes impacting third-party relationships in the financial services sector
• Prepare detailed reports and presentations for senior management on risk exposures and remediation plans
• Innovate risk management processes by leveraging data analytics and emerging technologies
• Ensure alignment with JPMorgan Chase's enterprise risk management framework and global standards
• Monitor ongoing performance of third-party providers and escalate issues as needed
• Support audit and regulatory examinations related to third-party services
• Contribute to the continuous improvement of risk policies and procedures

Required Qualifications

• Bachelor's degree in Finance, Business Administration, Risk Management, or a related field
• Minimum of 5 years of experience in risk management, third-party oversight, or financial services compliance
• Strong understanding of regulatory requirements such as OCC, FDIC, and Basel III frameworks
• Proven track record in assessing and mitigating risks in third-party vendor relationships
• Experience with data analysis tools and risk assessment methodologies in a banking environment
• Ability to collaborate across cross-functional teams in a fast-paced financial institution

Preferred Qualifications

• Advanced degree (MBA or Master's in Risk Management) from an accredited institution
• Certification such as CRISC, CISA, or FRM
• Prior experience at a major financial institution like JPMorgan Chase or similar
• Knowledge of third-party risk management platforms and automation tools
• Familiarity with cybersecurity risks in third-party services

Required Skills

• Risk assessment and mitigation expertise
• Regulatory compliance knowledge in banking
• Data analysis and visualization (e.g., Excel, Tableau)
• Vendor management and contract review
• Financial modeling and forecasting
• Strong analytical and problem-solving abilities
• Excellent communication and presentation skills
• Project management proficiency
• Understanding of cybersecurity and operational risks
• Proficiency in risk management software (e.g., Archer, RSA Archer)
• Attention to detail and organizational skills
• Adaptability in a dynamic financial environment
• Team collaboration and leadership
• Knowledge of third-party due diligence processes
• Strategic thinking for innovation in risk practices

Benefits

• Competitive base salary and performance-based annual bonuses
• Comprehensive health, dental, and vision insurance plans
• 401(k) retirement savings plan with generous company matching
• Paid time off including vacation, sick days, and parental leave
• Professional development programs and tuition reimbursement
• Employee stock purchase plan and financial wellness resources
• On-site fitness centers and wellness initiatives at JPMorgan Chase locations
• Flexible work arrangements and hybrid work options in Wilmington, DE

JP Morgan Chase is an equal opportunity employer.