Compliance Manager - Associate

JPMorgan Chase & Co.; Mumbai; On-site; INR 1,400,000 - 2,100,000; Full time

Job summary

JPMorgan Chase & Co. in India, Mumbai, seeks an Associate in the Compliance team to support regulatory compliance and conduct risk management for the local branch.

You will disseminate RBI correspondences, track regulatory actions, review licensing and training records, and provide regulatory guidance to Payments Operations and LOB teams.

The role requires 5-7 years experience in compliance, strong communication, analytical skills, and the ability to work independently in a demanding environment.

Qualifications

• Minimum 5-7 years relevant experience in compliance, risk or regulatory roles.
• Ability to interpret financial regulations and assess regulatory compliance.
• Strong communication, interpersonal and influencing skills.
• Analytical, detail-oriented with root cause analysis knowledge.
• Self-motivated, able to manage multiple assignments and timescales.
• Comfortable presenting to senior management and control functions.
• Ability to work in a demanding environment.

Responsibilities

• Disseminate regulatory correspondences from RBI and industry bodies.
• Update governance decks for CCOR updates and location forums.
• Ensure timely updates of LRCM and OLO entries.
• Assist in regulatory exams and track action points.
• Review licensing, training records, and assist in approvals with LOB.
• Review customer communications sent by LOB Compliance.
• Consolidate feedback on regulator guidelines for reviews.
• Provide compliance views on queries raised by Payments Ops.
• Support risk assessments and regulatory matters across banking domains.

Skills

Regulatory compliance

Regulatory interpretation

Stakeholder management

Analytical thinking

Communication skills

Education

Chartered Accountant

Job description

Be part of a dynamic team that ensures our operations meet the highest standards of compliance. Your expertise will help safeguard our reputation and support our continued growth in India.

Job Summary

As an Associate in the Compliance team, you will be responsible for supporting regulatory compliance and conduct risk management for JPMorgan Chase Bank, N.A. India branch.

Job Responsibilities

• Disseminate regulatory correspondences received from RBI and industry bodies like IBA and FEDAI.
• Update various decks for location Governance forums related to CCOR updates.
• Ensure timely updates of LRCM and OLO entries.
• Assist in the conduct of regulatory exams, track the action points, and prepare status reports thereon.
• Scrutinize PAD, licensing, and training records/requests and assist in approval in conjunction with the responsible LOB.
• Review various customer communications sent periodically by LOB Compliance.
• Collate feedback from various stakeholders on draft guidelines issued by the local regulator for review and onward submission to the regulator.
• Conduct first-level review of bespoke requests sent to the regulator for client/transaction-specific approval as per India local regulations.
• Provide compliance views on queries raised by the Payments Operations Team.
• Consolidate feedback from various CCOR stakeholders (GFCC, Regional CCOR, Sanctions) for one sign-off on NBIA and PSCM initiatives.
• Track submissions to local regulatory queries and follow up with various teams.
• Clarify product-related requests for opinion by Regional/Global Business teams and support the launch of Regional/Global Products.
• Conduct annual or ad-hoc risk assessments.
• Advise on regulatory matters related to general banking, including credit, liquidity, trade finance, and cash management.

Required Qualifications, Capabilities, and Skills

• Minimum 5-7 years relevant experience in compliance, risk or regulatory roles
• Be able to demonstrate an ability to interpret financial regulations and regulatory requirements and assess operational Compliance with those requirements.
• Strong communication, interpersonal and influencing skills. The candidate should have the ability to establish credibility and strong partnerships with business partners and other support functions.
• Strong analytical, problem-solving skills,attention to detail and be able to demonstrate a good knowledge of control design and root cause analysis
• Self motivated with an ability to work independently, execute reviews within defined timescales and ability to manage multiple assignments simultaneously;
• Ability to work in a demanding environment and deliver quality results.
• Be comfortable interacting with, and presenting to, senior business management and control functions.

Preferred qualifications, capabilities, and skills:

• Chartered Accountant, Master's degree, or other closely related professional qualification will be beneficial.