Senior Corporate Risk Audit Associate

Location: Mumbai, Maharashtra, India

Job Family: Auditing

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. As a Senior Corporate Risk Audit Associate in our Internal Audit team based in Mumbai, Maharashtra, India, you will play a pivotal role in safeguarding the firm's risk management practices. This position offers the opportunity to build a dynamic career in auditing the risk function within one of the world's most innovative banks, where cutting-edge technology and rigorous governance ensure we remain at the forefront of the financial industry. You will contribute to maintaining the integrity of our corporate risk processes, helping to mitigate potential threats in a complex global marketplace. In this role, you will lead end-to-end audits focused on key risk areas such as credit, market, operational, and liquidity risks, ensuring alignment with JP Morgan's enterprise-wide risk framework and regulatory requirements like those from the Reserve Bank of India (RBI) and international standards. Collaborating closely with business leaders and risk management teams, you will identify control deficiencies, recommend enhancements, and drive accountability for remediation. Your work will involve leveraging advanced analytics to test risk models and transaction data, providing actionable insights that support strategic decision-making and compliance. This is an intellectually stimulating environment where your expertise directly impacts the bank's resilience and growth. We value professionals who thrive in a fast-paced, collaborative setting and are committed to continuous learning. Joining JP Morgan Chase means access to unparalleled resources for professional development, including global exposure and mentorship from industry leaders. If you are passionate about risk auditing in financial services and eager to contribute to a firm that powers the progress of economies worldwide, this role in our Mumbai office is an ideal platform to advance your career while making a meaningful difference.

Key Responsibilities

• Conduct comprehensive audits of the corporate risk management function, including credit, market, operational, and liquidity risks
• Develop and execute audit plans in alignment with JP Morgan's Internal Audit methodology and global standards
• Identify and assess risks, controls, and gaps in risk management processes across business lines in the financial services sector
• Collaborate with senior risk officers and business leaders to recommend improvements and ensure regulatory compliance
• Prepare detailed audit reports with findings, recommendations, and action plans for presentation to management and the Audit Committee
• Perform data analysis using tools like ACL or Tableau to validate risk models and transaction monitoring
• Monitor the implementation of audit recommendations and track remediation progress
• Stay updated on emerging risks in the banking industry, such as cybersecurity and ESG factors, and incorporate into audit scope
• Mentor junior auditors and contribute to team development initiatives in the Mumbai office
• Support ad-hoc risk assessments and investigations as directed by the Chief Audit Executive

Required Qualifications

• Bachelor's degree in Finance, Accounting, Business Administration, or a related field
• Minimum of 5 years of experience in internal auditing, risk management, or compliance within the financial services industry
• Professional certification such as CIA (Certified Internal Auditor), CPA (Certified Public Accountant), or CRMA (Certification in Risk Management Assurance)
• Strong understanding of regulatory frameworks including Basel III, SOX, and RBI guidelines applicable to banking operations
• Proven experience in auditing risk management functions in a corporate banking environment
• Ability to travel up to 20% for on-site audits and client meetings
• Eligibility to work in India with no visa restrictions

Preferred Qualifications

• Advanced degree such as MBA in Finance or Risk Management
• Experience working in a Big Four firm or multinational bank like JP Morgan Chase
• Knowledge of data analytics tools for audit testing in financial risk areas
• Familiarity with JP Morgan's internal risk management systems and processes
• Previous leadership experience in audit teams handling corporate risk portfolios

Required Skills

• Expertise in risk assessment methodologies and internal control frameworks
• Proficiency in auditing standards like IPPF (International Professional Practices Framework)
• Strong analytical skills for evaluating complex financial data and risk models
• Knowledge of financial regulations and compliance in banking (e.g., IFRS, GAAP)
• Experience with audit software and tools such as TeamMate or Archer
• Excellent communication skills for report writing and stakeholder presentations
• Project management abilities to lead audit engagements from planning to closure
• Attention to detail and ethical judgment in high-stakes financial environments
• Adaptability to evolving regulatory landscapes in the financial services industry
• Team collaboration and leadership to drive audit team performance
• Data analytics proficiency using SQL, Python, or Excel for risk testing
• Problem-solving skills to address intricate risk management challenges
• Time management to handle multiple audits under tight deadlines
• Cultural sensitivity for working in diverse, global teams at JP Morgan

Benefits

• Competitive base salary and performance-based annual bonuses aligned with JP Morgan's compensation philosophy
• Comprehensive health insurance coverage including medical, dental, and wellness programs for employees and dependents
• Retirement savings plan with employer matching contributions to support long-term financial security
• Generous paid time off, including vacation, sick leave, and parental leave policies
• Professional development opportunities through JP Morgan's internal training programs and tuition reimbursement
• Employee stock purchase plan and other financial wellness benefits
• Flexible work arrangements, including hybrid options in the Mumbai location
• Access to global mobility programs and career advancement within JP Morgan Chase's worldwide network

JP Morgan Chase is an equal opportunity employer.