Ccor Forcast

3 months ago


Goregaon East Mumbai Maharashtra, India JPMorgan Chase & Co Full time

**JOB DESCRIPTION** JPMorgan Chase - Compliance Conduct Operational Risk ; FORCAST - Legal Entity Operational Risk Associate**

Our **C**ompliance, **C**onduct and **O**perational **R**isk (“CCOR”) organization is at the fore front of managing risk in a complex and changing regulatory environment. Joining our department, you’ll help to safeguard the firm’s business by developing solutions that balance risk and regulatory requirements with the firm’s business needs.

As part of CCOR, 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 CCOR is all about thinking outside the box, challenging the status quo and striving to be best-in-class.

**The Role**

As an Operational Risk Capital and Stress Testing Associate in FORCAST (Firmwide Operational Risk Capital & Stress Testing), you will be part of a team established to improve the Firm’s responsiveness to global regulatory requests and enhance the operational risk governance in JPMC International Legal Entities (LEs). The team has responsibility for the measurement of operational risk through running Operational Risk Scenarios internationally. The outputs of the scenario analysis process are used for both regulatory purposes (capital adequacy assessment and/or stress testing) and risk management.

Located in India, this role supports the end-to-end process of Operational Risk quantification from gathering data, to running scenario analysis workshops to coordinating the BAU of regulatory deliverables for various Asia legal entities. While part of the global FORCAST team with managerial lines in the US, this position is rooted in delivering key risk deliverables including ICAAP, stress test, and the preparation for the new Measurement Standardized Approach (SMA) and will report directly to the hiring manager, who is based out of Hong Kong.

**Core responsibilities**:
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The role provides exposure across multiple jurisdictions through collaboration with colleagues in EMEA, Americas, and Asia. Responsibilities for deliverables would primarily focus on those relating to international legal entities in Asia. Key responsibilities are as follows:

- Contributing to the execution of scenario analysis process for Asia legal entities by collecting relevant internal and external data, managing specific scenario user tools, producing quantification results, and performing benchmark and variance analysis.
- Planning and coordination of scenarios analysis workshops
- Identification and sourcing of relevant legal entity business data, risk and control metrics and internal and external loss data to support the scenario analysis process
- Preparation of materials for scenarios workshops including analyzing data inputs and performing necessary calculations, utilizing benchmarking across legal entities where relevant
- Building and maintaining strong relationships with stakeholders to facilitate open information channels and to leverage existing initiatives.
- Supporting the ICAAP submission processes, ensuring accurate capital and stress testing calculations and reporting and compliance with local regulatory requirements.
- Collaborating closely with FORCAST team members across global hubs to aid in streamlining operational risk measurement practices.

**Minimum Skills, Experience and Qualifications**

The role offers an excellent opportunity to advance your career in product management while receiving comprehensive training and mentorship from experience professionals.

You will gain exposure to the operational risk domain, develop strong product ownership skills, and collaborate with cross-functional teams.
- Strategic or project management experience with relevant business, technical or risk/control skills gained in an international financial services firm;
- Strong analytical and problem-solving skills;
- Detail-oriented and experienced in data management;
- Any experience in Operational Risk or scenario analysis would be highly beneficial;
- 3 to 5 years of experience in Financial Services / Risk Management with overall Experience of 8+ Years;
- Quick learner with a passion for technology and operational risk management;
- Proficiency in Microsoft Excel (required) and basic understanding of data analysis tools like Alteryx and Tableau;
- Willingness to learn and adapt in fast-paced, collaborative environment;
- Strong attention to detail; highly organized;
- Flexible to work across time zones;
- Results-oriented with the ability to formulate proposed solutions and coordinate with Senior Management;
- Excellent communication skills (written and verbal) with ability to challenge, gain consensus and drive change;

Work Timings: 6:30 am to 15:30 pm India Standard Time (should be flexible)

Location - Mumbai / Bengaluru.

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