Roles and responsibilities J.P. Morgan in India provides a comprehensive range of Corporate & Investment Banking, Commercial Banking, Asset & Wealth Management, and Corporate functions services and solutions to our clients, executing some of the most important financial transactions and providing essential strategic advice to our clients such as the government, large domestic and multi-national corporations, non-government organizations and financial institutions and investors. India is a key market for JPMorgan Chase globally and our employees in India are a critical part of how we do business globally and are integrated within our businesses. Our Global Service Centers (GSCs) are strategically positioned in Mumbai, Bangalore and Hyderabad to support the firmâs operations regionally and globally. The centers provide comprehensive strategic support across technology and business operations processing to all lines of business and the corporate functions.
The Risk and Control Self Assessment (RCSA) lifecycle is an iterative process for an end-to-end management of operational risk. The lifecycle establishes a formal process which makes certain that when risks are identified, commensurate controls are implemented and evaluated, and remedial actions are assigned and tracked to conclusion. RCSA Testing Center of Excellence (TCOE) is an evolving team mandated with conducting comprehensive testing of established Business Controls. Partnering closely with the Control Owners and Control Officers the team performs periodic testing to evaluate the design and operating effectiveness of a Control using a variety of tools, techniques and methodology.
Independently perform evaluation of assigned Controls
Review procedures/processes/information to evaluate Controls
Perform side-by-side observations, supervisory examination or retesting as necessary
Calibrate a control for its effectiveness as per the Test Scripts and Standards
Facilitate kick off and closing controls evaluation meetings with stakeholders
Organize and capture review findings. Ensure that all design/operational gaps are identified
Recommend Control design/operational changes to ensure the business effectively manages risk.
Identify risk and control points during reviews or from process maps
Develop/provide professional and accurate reporting to management for review
Partner with Business to perform root cause analysis of issues and recommend improvements
Maintain accurate and complete documentation and follow up on all items through completion
Communicate effectively to LOB partners and other control functions to share knowledgeBachelor's degree in Commerce, Economics or related Finance areas
3-5 years of related experience in Operations or Risk & Controls or SOX Testing or Audit or Compliance Testing
Individual will work predominantly in EMEA shift, flexibility with shifts is mandatory
Basic understanding of Risk & Control Self Assessment process in Banking Domain
Strong, proactive task-based approach with focus on delivery â often will act as individual contributor
Working understanding of operational risks and related controls
Possess strong analytical and interpersonal skills
Ability to work independently with moderate level of supervision
Strong ability to quickly comprehend information from written documentation, process mapping, and training overviews
Intermediate Microsoft Office (Excel, PowerPoint, Word, Visio) skills
Must demonstrate ability to work as a part of a team, display and demonstrate the JPMorgan Chase Bank values and diversity commitments
Excellent time management skills
Ability to manage shifting priorities and work in a fast paced environment
Sound business judgment and objectivity
Investment Banking, Treasury Services, Banking Ops experience a plus
Experience in SOX Testing, Audit or Compliance testing a definite advantage
Required Candidate profilePlease see job details section for all requirements
UG: Any Graduate - Any Specialization
PG:Any Postgraduate - Any Specialization
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JP Morgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
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