Associate - Compliance and Ops Risk Test Lead

JPMorganChase; Mumbai; On-site; INR 450,000 - 650,000; Full time

Job summary

JPMorganChase in Mumbai seeks a Compliance and Operations Risk Test Lead to drive risk testing programs across controls and regulatory frameworks. You will translate complex business objectives into actionable testing plans, coordinate with stakeholders, and guide the team to deliver precise assessments.

This role requires strong analytical thinking, experience in SOX controls, and excellent communication to influence leaders.

Qualifications

• 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 with ability to organize, compare, and evaluate information.
• Proven ability to build strong partnerships with key stakeholders and collaborate with business & functional experts to identify risks and gaps.
• Excellent organizational and time management skills with ability to adapt to shifting priorities and deadlines.
• Demonstrated expertise in MS Office applications, especially Excel, Word, and PowerPoint.

Responsibilities

• Understand and evaluate the function's control environment with experience in assessing controls for SOX and other regulatory frameworks.
• Conduct comprehensive testing processes with accuracy to assess controls, identify gaps and document evidence.
• Collaborate with process owners and cross-functional teams on testing schedules, walkthroughs, evidence gathering and reporting.
• Drive issue validation, action plan quality and closure by partnering with control owners to ensure remediation aligns with risk acceptance.
• Lead stakeholder engagement by facilitating meetings with business leaders across management levels.
• Read and interpret policies to ensure accurate implementation of compliance requirements and improve testing methodologies.
• Serve as primary contact for testers, guiding the team and ensuring smooth communication.

Skills

Risk testing

Stakeholder management

Analytical thinking

Communication

Organizational skills

MS Office proficiency

Education

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

Tools

MS Excel

MS Word

MS PowerPoint

Job description

Job summary:

As a Compliance 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 Description:

Job summary:

As a Compliance 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.

About Us:

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

About The Team:

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.

Control Management maintains a strong and consistent control environment through a joint accountability model that aligns managers with each function and region to mitigate operational risk. The team focuses on four areas: Control Design & Expertise, Risks & Controls Identification/Assessment, Issues & Control Deficiencies and Control Governance & Reporting.