As a Senior Associate in our Internal Audit group, you will support the risk assessment, control identification, as well as the development of audit testing and execution of the audit plan covering a range of risk management functions across Line of Businesses.

Job Responsibilities

• Support the Global Market Risk Senior Audit Director, in overseeing the execution of the corresponding Internal Audit Risk Plan. Executing coverage of audit work across Line of Businesses, multiple locations/legal entities, and ensuring sufficient coverage is conducted in line with local regulatory requirements (where applicable).

• Plan, execute and document, with limited supervision, audit activities to a high standard in accordance with department and professional practices. These responsibilities will include the execution of the corresponding audit testing approach, as well as the reporting on the effectiveness of controls that support a broad range of risk stripes.

• Share information with internal/external stakeholders frequently, transparently and effectively to promote clarity and understanding. Analyze risks and proactively identify the root-cause of issues with a view to providing recommendations for improvement where weaknesses are identified.

• Detail audit findings and use judgment to provide an overall opinion on the control environment. Communicate audit results and issues to Senior Management and Stakeholders in a clear and concise manner, both verbally and in writing.

• Build strong rapport with internal and external stakeholders based on mutual respect and a willingness to collaborate, promoting transparency, open dialogue for gaining concurrency for issues and sustainability around control issue remediation. Identify areas of emerging risk, and accurately dimensions control issues, including cross LOB impacts. Openly communicates and escalates messages to the Leadership Team with a sense of urgency.

• Stays current on relevant industry, regulatory, accounting, operational and/or technology/infrastructure principles as defined by LOB. Disseminate best practice and regulatory requirements. Critically assess the impact of evolving industry and regulatory changes on the business and its control environment.

• Partner with other teams within Internal Audit to support appropriate audit coverage, facilitating and early identification of emerging control issues and reporting them to audit management.

Required qualifications, capabilities, and skills

• Education to degree standard (or equivalent)

• Business and Industry Knowledge - Demonstrable knowledge and experience of risk monitoring and management, including risk metrics such as VaR, Current Expected Credit Losses, and Stress, as well as risk estimation of financial instruments across a range of asset classes.

• Quantitative & Qualitative Skills - Effectively utilizes data collection and analysis tools and techniques. Understands Market and Liquidity risk, including Stress testing process, with reference to the product description and its mathematical parameters. Ability to perform qualitative reviews on internal models by collaborating with the Internal Audit Model Risk team.

• Regulatory Framework - Understands key regulatory requirements most relevant to the Capital Risk Management and usage of internal models (e.g. Capital Requirement Regulation). Ability to assess and adapt quickly to changes in the regulatory landscape impacting Risk Management.

• Methodology & Analytical Skills - Employs critical thinking to respond to changes in the work environment. Maintains an independent and objective approach, considers facts without personal bias. Good understanding of internal controls and risk assessment concepts and strong analytical skills to assess and challenge the existing control framework supporting risk management specific to market and liquidity risk.

• Teamwork - Completes work effectively and efficiently; clears obstacles. Executes assignments independently, with limited supervision, with strong focus on execution and plan delivery. Works well as part of a team, shares information, and supports colleagues. Actively listens and achieves a common understanding of agreed upon conclusions and actions/next steps.

• Communication - Demonstrates ability to synthesize information extracted from relevant risk analysis and control assessment techniques. Is clear and concise in both written and verbal communications, with the ability to present complex and sensitive issues to management in a persuasive manner.

Preferred qualifications, capabilities, and skills

• Education to degree standard (or equivalent).

• Recognized risk management or accounting qualification desirable.

• Leadership - Takes ownership of self-development, including stretch assignments, to prepare for greater responsibilities and career growth. Ability to assess priorities, adapt to a changing environment, and timely deliver a high-quality end-product. Enthusiastic, self-motivated, effective under pressure.

#LI-Onsite, #LI-Hybrid

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, sexual 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.

The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the "WELL Health-Safety Rating" for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.

As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm's current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm's vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, discretionary incentive compensation which may be awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

Equal Opportunity Employer/Disability/Veterans

Base Pay/Salary
Jersey City,NJ $85,500.00 - $140,000.00 / year