Associate - Compliance and Ops Risk Test Lead

JP Morgan Chase Bank; Hyderabad; On-site; INR 1,500,000 - 2,200,000; Full time

Job summary

JP Morgan Chase in Hyderabad seeks an Compliance and Operations Risk Test Lead to navigate risk landscapes and drive the testing framework across the organization. You will identify and mitigate risks, conduct precise tests, and coordinate with multiple departments to ensure quality outcomes.

Applicants should have extensive experience in risk management, controls testing, and influencing senior stakeholders, with strong Excel/PowerPoint proficiency and familiarity with regulatory standards.

Qualifications

• Bachelor's degree in business, finance, or related field required or equivalent experience.
• 8+ years in controls testing, audit, or operational risk management in a risk & control environment.
• Strong analytical and problem-solving skills with ability to break down complex issues.
• Excellent written and verbal communication with ability to influence leadership.
• Proficiency in MS Office; Excel/PowerPoint skills highly recommended.

Responsibilities

• Evaluate control environments for adequacy, effectiveness, and design in line with SOX and regulatory priorities.
• Conduct comprehensive testing processes with precise documentation supporting conclusions.
• Coordinate with Process/Control Owners and teams on testing schedules and evidence gathering.
• Drive issue validation and action plan quality to ensure appropriate remediation.
• Lead stakeholder engagement with business owners and management across engagements.
• Interpret policies and standards to ensure proper implementation of compliance requirements.
• Serve as primary contact for testers, guiding the team and ensuring smooth communication.

Skills

Risk management

Test execution

Stakeholder engagement

Analytical thinking

Communication

Education

Bachelor's degree in business, finance, or related field

Professional qualifications such as CA/CPA/MBA Finance/CIA (preferred)

Tools

Alteryx

Tableau

Excel

Job description

If you are a detail-oriented professional with a passion for risk management and compliance, join our dynamic team in the Testing Center of Excellence (TCoE) to navigate complex risk landscapes while making a pivotal impact in our firm's robust risk strategy.

Job summary:

As aCompliance and Operations Risk Test Lead, your deep understanding of risk management and control evaluation will be instrumental in identifying and mitigating risks, thereby enhancing compliance and operational risk management. Your expertise in test execution will be crucial in managing and conducting precise and accountable tests, ensuring alignment with the firm's highest risks. Your analytical thinking and problem-solving skills will be crucial in breaking down complex business objectives into manageable tasks and activities. You will also be responsible for planning and organizing your own work, and potentially that of a team, while liaising and coordinating activities across various departments. Your role will be integral in ensuring a cohesive and efficient testing framework, contributing to the seamless delivery of quality outcomes.

Job Responsibilities:

• Understand and evaluate the assigned function's control environment with proven experience in assessing the adequacy, effectiveness and design of controls to ensure alignment with SOX, other regulatory frameworks & with the firm's risk priorities.

• Conduct comprehensive testing processes with precision and accountability to assess the control environment, identify gaps and prepare robust documentation including process documents, process flows, and overview documents that support testing conclusions.

• Collaborate with Process/Control Owner, cross functional teams on testing schedule, obtain walkthrough of the process, document process changes, evidence gathering, analysis of potential issues and facilitate timely reporting.

• Drive issue validation, action plan quality and closure discipline by partnering with control owners to ensure remediation aligns with risk acceptance and compliance expectations.

• Lead stakeholder engagement by facilitating meetings with business owners and stakeholders at various management levels, fostering collaboration across engagements with minimal oversight, and effectively influencing stakeholders during challenging discussions.

• Read and interpret policies/standards/procedures to ensure accurate implementation of compliance requirements while continuously improving control evaluation methodologies and interpreting control ratings & metrics to strengthen the firm's compliance and operational risk management framework.

• Serves as the primary point of contact for testers, providing guidance, resolving issues, and facilitating smooth communication within the team to ensure successful completion of testing engagements.

Required Qualifications, Capabilities and Skills:

• Bachelor's degree in business, finance, or related field; or equivalent work experience. Minimum of 8 years of work experience in controls testing, audit, operational risk management and managing testing processes within a risk & control environment.

• Demonstrated proficiency in advanced analytical thinking and problem solving skills with a track record of systematically organizing, comparing, and evaluating various aspects of a situation to identify key information.

• Proven ability to build strong partnerships with key stakeholders and collaborate with business & functional experts to provide guidance and to recognize risks and gaps.

• Excellent organizational and time management skills - ability to remain flexible and productive through shifting priorities and deadlines.

• Excellent written and verbal communication skills with an ability to influence business leaders in a meaningful and actionable manner.

• Demonstrated expertise in MS Office applications, with advanced skills in Excel, Word, and PowerPoint highly recommended.

Preferred Qualifications, Capabilities and Skills:

• Professional qualifications like CA, CPA, MBA Finance, CIA is preferred.

• Audit & control testing background / experience.

• Comfortable using Intelligent solutions like Alteryx, Tableau to support testing activities or metrics reporting.

• Ability to innovate, challenge the status quo and identify automation opportunities.