- The Corporate Risk Audit Team is primarily responsible to assess the adequacy of the control environment across the firm's risk organization (Credit, Market, Operational, Model, etc.). This is achieved through a comprehensive program of audit coverage that is executed by a global team of business and technology auditors. - Posting is for you as an auditor to join the Model Risk Audit Team. The team's primary responsibility is the coverage of the firm's Model Risk Management framework and the evaluation of the firm's model risk management control effectiveness. - You will be assessing the control environment supporting the firm's risk operations and model methodologies and will be responsible for maintaining relationships with and providing control related advice to business stakeholders. The auditor will also be responsible for planning, execution and documentation of the results of their work for audits conducted Job responsibilities: - Understand the design, implementation and use of models or quantitative methods across the firm, including the adequacy of developmental evidence and demonstration of effective independent challenge where warranted. - Participate in all aspects of audit activities including risk assessments, audit planning, audit testing, control evaluation, report drafting, work paper documentation and follow up and verification of issue closure. - Partner with colleagues, clients and control community members to evaluate, test and report on the adequacy and effectiveness of management controls in accordance with department and professional standards. - Ensure the delivery of a seamless program of audit coverage in partnership with other audit teams. - Identify emerging control issues and report them to line of business and audit management. - Perform periodic monitoring of operational and financial data to recognize patterns and trends with risk and control implications. - Stay up to date with evolving regulatory and market events impacting the firm's risk organization. Required qualifications, capabilities and skills: - Minimum 6-8 years audit or relevant business experience (for example Quantitative Research, Model validation, risk management coverage) - Relevant certification or accreditation (e.g., Chartered Financial Analyst, Financial Risk Manager, Certified Internal Audit) is a plus - Knowledge of regulatory guidance (e.g., SR 11-7, SR 15-18) and capital adequacy relevant topics. - Proficiency in valuation practices, risk assessment, issue/impact analysis and executive report preparation - Master's with a quantitative focus - Excellent communication and interpersonal skills, including strong technical writing and the ability to present complex and sensitive issues to senior management 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. Note : For your candidature to be considered on this job, you need to apply necessarily on the company's redirected page of this job. Please make sure you apply on the redirected page as well.

Mumbai

JP Morgan Chase - Associate - Internal Audit - Model Risk Audit Team 

Job Description for JP Morgan Chase - Associate - Internal Audit - Model Risk Audit Team  in JP Morgan Chase in  Mumbai for (6-8) years of experience. Apply Now!