JP Morgan Chase – Associate – Compliance – CA J.P. Morgan

The Corporate Institute; Mumbai; On-site; INR 1,500,000 - 2,100,000; Full time

Job summary

JPMorgan Chase Bank, N.A. India branch is seeking an Associate in the Compliance team to support regulatory compliance and conduct risk management.

The role involves handling RBI and industry regulatory correspondences, keeping governance decks current, and ensuring timely LRCM/OLO updates. You will assist in regulatory exams, track action points, review licensing and training records, and provide regulatory views to the Payments Operations Team.

Qualifications

• 5-7 years experience in compliance, risk or regulatory roles.
• Ability to interpret financial regulations and assess operational compliance.
• Strong communication, interpersonal and influencing skills.
• Strong analytical, problem-solving skills with attention to detail and root cause analysis.
• Self-motivated and able to work independently in a demanding environment.
• Comfortable presenting to senior management and control functions.

Responsibilities

• Disseminate RBI and industry regulatory correspondences.
• Update governance decks for CCOR updates.
• Ensure timely updates of LRCM and OLO entries.
• Assist in regulatory exams, track actions, and prepare status reports.

Skills

Regulatory compliance

Risk assessment

Regulatory interpretation

Stakeholder management

Regulatory reporting

Education

Chartered Accountant

Master’s degree

Job description

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.