Job Description
Job Summary
The Compliance and Operational Risk (CCOR) Audit team manages a program of coverage over the 2nd Line of Defense, Compliance and Operational Risk Management organization including coverage of Risk Assessment, Monitoring and Testing, Quantification of Operational Risk Capital and Loss Forecasting, Surveillance Program, etc.
This Vice President – Senior Auditor position is based in Mumbai, India as part of the Global Compliance and Operational Risk audit team. It provides an opportunity to gain an understanding of the JPMC's compliance and operational risk management organization, risk management practices, management reporting and external/regulatory reporting.
Job responsibilities
As part of the Compliance and Operational Risk Audit Team you will be responsible for assessing the adequacy and effectiveness of the control environment relevant to operational risk which broadly includes Operational risk, Principal risk, Reputation risk, Climate and Environment Risks etc. The key responsibilities will include:
Lead and participate on audit engagements from planning to reporting and produce high quality deliverables meeting with both department and professional standards while ensuring audits are completed timely and within budget.
Work closely with global audit colleagues in the early identification of emerging control issues, reporting them timely to stakeholders, provide an overall opinion on the control environment and identify opportunities for improvement in the design and/or effectiveness of key controls.
Conducting risk assessment, audit planning, testing, control evaluation, report drafting, follow-up and verification of issue closure and partner with stakeholders, business management, other control groups (i.e. risk management, compliance, control management), external auditors and regulators, as needed, establishing strong working relationships while maintaining independence.
Implement and execute an effective program of continuous auditing/monitoring for assigned areas, including monitoring of key metrics to identify control issues and adverse trends.
Effectively manage teams where required, performing timely review of work performed and providing honest and constructive feedback. Stay up to date with evolving accounting, regulatory and market developments, explore ways to drive efficiency with existing technical infrastructure through automation, establish a culture that encourages integrity, respect, excellence and innovation.
Required Qualifications:
10+ years of internal or external auditing experience, or relevant business experience
Chartered Accountant (CA), Certified Internal Auditor (CIA) and/or Advanced Degree in Finance or Accounting is preferred (attainment of a specified professional certification will be required within the 24 months of hire date per department policy, if not already there)
Exposure to Operational Risk Management, Operational risk capital, Stress testing, Internal Capital Adequacy Assessment Program (ICAAP), Reputational risk, Principal risk etc. would be required.
Good understanding of internal control concepts with the ability to evaluate and determine the adequacy of controls by considering business and technology risks in an integrated manner
Excellent verbal and written communication skills with ability to present complex and sensitive issues to stakeholders
Strong analytical skills particularly in regard to assessing the probability and impact of an internal control weakness
Understanding of Regulatory reporting (Comprehensive Capital Analysis and Review) process is a plus
ABOUT US
JPMorgan Chase & Co., 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, ****** orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.
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.
The Audit department provides independent assessments to evaluate, test and report on the adequacy and effectiveness of our governance, risk management and internal controls. The team’s priorities are focused on strong governance, transparency, strategic engagement, and fostering a diverse and inclusive culture that develops our talent.
The Compliance and Operational Risk (CCOR) Audit team manages a program of coverage over the 2nd Line of Defense, Compliance and Operational Risk Management organization including coverage of Risk Assessment, Monitoring and Testing, Quantification of Operational Risk Capital and Loss Forecasting, Surveillance Program, etc.
This Vice President – Senior Auditor position is based in Mumbai, India as part of the Global Compliance and Operational Risk audit team. It provides an opportunity to gain an understanding of the JPMC's compliance and operational risk management organization, risk management practices, management reporting and external/regulatory reporting.
Job responsibilities
As part of the Compliance and Operational Risk Audit Team you will be responsible for assessing the adequacy and effectiveness of the control environment relevant to operational risk which broadly includes Operational risk, Principal risk, Reputation risk, Climate and Environment Risks etc. The key responsibilities will include:
Lead and participate on audit engagements from planning to reporting and produce high quality deliverables meeting with both department and professional standards while ensuring audits are completed timely and within budget.
Work closely with global audit colleagues in the early identification of emerging control issues, reporting them timely to stakeholders, provide an overall opinion on the control environment and identify opportunities for improvement in the design and/or effectiveness of key controls.
Conducting risk assessment, audit planning, testing, control evaluation, report drafting, follow-up and verification of issue closure and partner with stakeholders, business management, other control groups (i.e. risk management, compliance, control management), external auditors and regulators, as needed, establishing strong working relationships while maintaining independence.
Implement and execute an effective program of continuous auditing/monitoring for assigned areas, including monitoring of key metrics to identify control issues and adverse trends.
Effectively manage teams where required, performing timely review of work performed and providing honest and constructive feedback. Stay up to date with evolving accounting, regulatory and market developments, explore ways to drive efficiency with existing technical infrastructure through automation, establish a culture that encourages integrity, respect, excellence and innovation.
Required Qualifications:
10+ years of internal or external auditing experience, or relevant business experience
Chartered Accountant (CA), Certified Internal Auditor (CIA) and/or Advanced Degree in Finance or Accounting is preferred (attainment of a specified professional certification will be required within the 24 months of hire date per department policy, if not already there)
Exposure to Operational Risk Management, Operational risk capital, Stress testing, Internal Capital Adequacy Assessment Program (ICAAP), Reputational risk, Principal risk etc. would be required.
Good understanding of internal control concepts with the ability to evaluate and determine the adequacy of controls by considering business and technology risks in an integrated manner
Excellent verbal and written communication skills with ability to present complex and sensitive issues to stakeholders
Strong analytical skills particularly in regard to assessing the probability and impact of an internal control weakness
Understanding of Regulatory reporting (Comprehensive Capital Analysis and Review) process is a plus
ABOUT US
JPMorgan Chase & Co., 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, ****** orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.
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.
The Audit department provides independent assessments to evaluate, test and report on the adequacy and effectiveness of our governance, risk management and internal controls. The team’s priorities are focused on strong governance, transparency, strategic engagement, and fostering a diverse and inclusive culture that develops our talent.
💡 Quick Summary
Seeking a career-building opportunity? The Compliance and Operational Risk Audit | Vice President position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
