Compliance - Quality Assurance Testing Associate

Compliance - Quality Assurance – Associate

Join the Compliance, Conduct & Operational Risk (CCOR) Quality Assurance Monitoring and Testing (M&T) team as a Quality Associate.

As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks and using your expert judgement to solve real-world challenges that impact our company, customers, and communities.  Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo, and striving to be best-in-class. 

 As a Quality Associate in the Compliance, Conduct & Operational Risk (CCOR) Quality Assurance Monitoring and Testing (M&T) team, you will be responsible for the timely and effective management and execution of the firm’s global monitoring and testing program across multiple lines of business. You will be part of a team of individuals responsible for providing solutions to drive effective controls monitoring and testing techniques using data, and for the execution of certain monitoring and testing engagements. Our team will be covering all Lines of Business within JP Morgan (e.g., Corporate and Investment Bank, Asset Wealth Management, Commercial Bank and Consumer Community Banking). 

Job responsibilities 

• Perform Quality Assurance tests to ensure the execution of the Monitoring and Testing Program is in line with the firm’s Testing Standards and Procedures.
• Develops, maintains, and executes the annual testing plan, identifies potential gaps, and follows through on reporting, escalation, and resolution.
• Assesses (including the root cause analysis), documents, and communicates emerging risks, themes and identified issues to leadership and risk partners in a timely manner. Provides status updates to key stakeholders on programs and specific reviews where warranted. 
• Acquire and analyze data from multiple sources and systems e.g. CIB/AWM/CF/CB/CCB to reach at the findings and support conclusions through effective communication stay abreast of new tools and technologies to assist the team in creating the most efficient and effective data strategies, reporting and metrics in compliance with JPMorgan Chase technology and data standards and policies.
• Partner with Monitoring & Testing, Operational Risk and Compliance managers, and business stakeholders. Involvement in departmental projects particularly in relation to the development of the Annual Monitoring and Testing Plan
• Question and investigate the reliability and integrity of data, the validity of conclusions and the appropriateness of assumptions made. Review quality of completed work, based on Firmwide standards.
• Help to identify key issues, trends, observations and effectively report summary results to key stakeholders. Ensure consistency with the Global QA framework and governance approach.
• Identification and sharing of business best practices: Work closely with CCOR officers and other stakeholders across all LOBs and Functions to collaborate and share information arising from testing related activities and other testing related initiatives (e.g., trends, systemic issues, control weaknesses).

Required qualifications, capabilities, and skills 

• Master’s or bachelor’s degree in one or a combination of the following: Finance, Accounting, Analytics, or Reporting will also act as an added advantage. 
• Minimum 8 years of relevant experience in the financial services industry in Compliance, Risk management, Audit.
• 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. This includes analytical skills particularly regarding assessing the risks associated with execution deficiencies.
• Strong relationship building skills to influence/negotiate desired outcomes. Excellent interpersonal skills necessary to work effectively with colleagues and senior management. Strong verbal/written communication
• Ability to perform end to end reviews of processes, think through various risks, understand applicability of different regulations and policies and ultimately be able to identify gaps / risks in operating environment.
• Ability to innovate, challenge the status quo and identify automation / process re-engineering opportunities.
• Working hours will be 1.30 to 10.30 pm IST. 

Preferred Qualifications, Capabilities, and Skills:

• Any related certifications viz. CAMS, CIA, CISA, DISA, Green Belt etc.