JOB DESCRIPTION

This is an Associate – Senior Auditor role within the Internal Audit Risk team based in London covering several risk stripes (e.g. Market Risk, Principal Risk, and Structural Interest Rate Risk). This role provides an exciting opportunity for a professional career growth in audit, evaluating risk management and risk estimation practices across a wide range of asset classes and lines of business within JPMorgan Chase.
As an EMEA Risk Associate - Senior Auditor in Internal Audit department you will plan, execute and document audit reports, partner closely with global audit colleagues and business stakeholders, and use judgment to strengthen internal controls. In this role you will be provided with the opportunity to develop a detailed understanding of the Risk Management Framework JPMorgan Chase.

REQUIRED QUALIFICATIONS, SKILLS AND CAPABILITIES

• 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, Principal or Structural Interest Rate risk, including Stress testing process, with reference to the product description and its mathematical parameters. Ability to perform qualitative reviews on estimation methods 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.
• 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, and effective under pressure.

PREFERRED QUALIFICATIONS, SKILLS AND CAPABILITIES

• Education to degree standard (or equivalent).
• Recognized risk management qualification or advanced degree in Finance or Accounting is preferred.
• Willing to travel as needed.

ABOUT US

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.
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. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

• Support the broader Audit Risk team, 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. Analyse 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 communicate and escalate messages to the Leadership Team with a sense of urgency.
• Stay 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.
• Monitor and regularly review learning and development opportunities for team. Influence training agenda to ensure broader team stays current on methodology, technology, tools and relevant industry trends.
• Participate in business initiatives to support the department and firm objectives, supporting a culture of engagement while adding value. Promote an inclusive and diverse work environment where team members are encouraged to ask questions, seek advice and continually learn.