Senior Internal Audit Associate - Credit Risk

Location: Jersey City, NJ, United States

Job Family: Auditing

About the Role

At JP Morgan Chase, a leading global financial services firm, the Senior Internal Audit Associate - Credit Risk role plays a pivotal part in safeguarding the integrity of our credit operations. Reporting to the Credit Risk Audit Manager, you will lead audits that assess the robustness of credit risk management practices across our consumer and commercial banking divisions. This position involves planning and executing audit engagements that evaluate loan underwriting, portfolio risk monitoring, and compliance with international standards such as Basel III. As a key contributor to our Internal Audit team, you will collaborate with colleagues in New York, London, and Asia to ensure consistent application of JP Morgan's risk framework, ultimately strengthening controls that protect against credit losses and regulatory penalties in a volatile financial landscape. Your day-to-day responsibilities will include developing detailed audit scopes, performing substantive testing on credit models and stress scenarios, and documenting findings in clear, actionable reports. You will engage with senior executives in Credit Risk and Finance to discuss observations and drive remediation efforts, fostering a proactive approach to risk mitigation. In this role, you will leverage your expertise in financial regulations and audit best practices to identify vulnerabilities in areas like counterparty credit risk and collateral management, contributing to JP Morgan Chase's reputation for excellence in governance. The position demands a blend of technical precision and strategic insight, as you help navigate the complexities of global banking amid economic uncertainties. Joining JP Morgan Chase means becoming part of an innovative culture that values diversity, professional growth, and work-life balance. Based in our state-of-the-art Jersey City office, you will have access to cutting-edge tools and resources to advance your career in internal auditing. We are committed to empowering our associates to make a meaningful impact on the financial services industry, with opportunities for global exposure and leadership development. If you are a detail-oriented professional passionate about credit risk and internal controls, this role offers a platform to excel at one of the world's most admired financial institutions.

Key Responsibilities

• Plan and execute comprehensive audits of credit risk processes, including loan origination, portfolio monitoring, and impairment assessments
• Document audit findings, prepare detailed reports, and recommend enhancements to internal controls and risk mitigation strategies
• Collaborate with global audit teams and business stakeholders across JP Morgan Chase's international operations
• Evaluate the effectiveness of credit risk models, stress testing, and regulatory reporting compliance
• Identify emerging risks in credit portfolios and advise on proactive control improvements
• Conduct walkthroughs and testing of key controls in alignment with JP Morgan's audit methodology
• Support senior management in presenting audit results and remediation plans to regulatory bodies
• Monitor implementation of audit recommendations and perform follow-up validations
• Contribute to the development of audit programs tailored to evolving financial regulations
• Foster a culture of risk awareness through training and knowledge sharing within the audit team

Required Qualifications

• Bachelor's degree in Accounting, Finance, Business Administration, or a related field
• 3-5 years of experience in internal auditing, risk management, or credit risk within the financial services industry
• Professional certification such as CIA (Certified Internal Auditor), CPA (Certified Public Accountant), or CRISC (Certified in Risk and Information Systems Control)
• Strong understanding of credit risk frameworks, including Basel regulations and credit portfolio management
• Proficiency in audit methodologies and internal control testing
• Experience with global regulatory compliance in banking and financial institutions
• Ability to travel up to 20% for on-site audits and global collaborations

Preferred Qualifications

• Advanced degree (MBA or Master's in Finance) with a focus on risk management
• Prior experience auditing credit risk at a major financial institution like JP Morgan Chase
• Knowledge of JP Morgan's internal audit standards and Sarbanes-Oxley (SOX) compliance
• Familiarity with data analytics tools for audit testing in credit portfolios
• Experience in cross-functional teams involving credit, risk, and compliance departments

Required Skills

• Expertise in credit risk assessment and financial modeling
• Proficiency in audit software such as ACL, IDEA, or Tableau for data analysis
• Strong analytical skills for evaluating complex credit portfolios
• Excellent written and verbal communication for report drafting and stakeholder presentations
• Knowledge of regulatory frameworks like Basel III, Dodd-Frank, and IFRS 9
• Project management abilities to lead audit engagements from planning to closure
• Attention to detail in identifying control weaknesses and compliance gaps
• Team collaboration and interpersonal skills for global cross-functional work
• Proficiency in Microsoft Office Suite, including advanced Excel for financial analysis
• Risk management acumen in dynamic banking environments
• Adaptability to evolving audit technologies and methodologies
• Ethical judgment and integrity in handling sensitive financial data
• Problem-solving skills for recommending practical control enhancements
• Time management to handle multiple audits under tight deadlines
• Basic understanding of cybersecurity risks in credit systems

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 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 employee assistance programs

JP Morgan Chase is an equal opportunity employer.