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JPMorgan Chase & Co.
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563 JPMorgan Chase & Co. Jobs
Vice President - Substantive Testing
12-15 years
₹ 24 - 75L/yr (AmbitionBox estimate)
This is an estimate of the average salary range for this
position. It has not been reviewed by the company, and
the actual salary may differ.
Bangalore / Bengaluru
1 vacancy
Vice President - Substantive Testing
JPMorgan Chase & Co.
posted 6d ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
The Testing CoE (Center of Excellence) is an essential part of our company s commitment to maintaining a strong, consistent control environment through continuous, rigorous evaluation of control adequacy and effectiveness across the Firm.
The newly established Testing CoE brings together skilled monitoring, testing, and evaluation experts from across the globe into one team focused on shared best practices, the development of innovative processes and tools, and committed to the continued advancement of the Firm s Risk and Control framework.
Your role in risk identification, control evaluation, and security governance is crucial in advising on complex situations and enhancing the firm s risk posture. Through collaboration and analytical skills, you will contribute to the Testing CoE s overall success and strengthen the firm s compliance with regulatory obligations and industry standards.
Key responsibilities:
- Lead and manage control evaluations and end-to-end substantive testing activities, including planning, fieldwork and reporting.
- Lead comprehensive control evaluations and substantive testing to independently assess the design and effectiveness of controls within the Commercial and Investment Banking (CIB). Ensure compliance with internal policies, procedures, and external laws, rules, and regulations, while identifying necessary remediation actions. This includes developing and executing testing procedures, meticulously documenting results, drawing informed conclusions, making actionable recommendations, and distributing detailed compliance testing review reports.
- Foster collaboration with Compliance and Operational Risk Officers on various engagements. This includes developing detailed test scripts, facilitating issue discussions, participating in business meetings, and drafting comprehensive final reports to ensure alignment and clarity.
- Utilize advanced critical thinking skills to apply substantive testing techniques, thoroughly evaluating the effectiveness of high-risk business processes and identifying potential areas for improvement.
- Proactively assess and monitor risks, ensuring adherence to firm standards, regulatory requirements, and industry best practices. Implement strategies to mitigate identified risks effectively.
- Collaborate with cross-functional teams and stakeholders to support the design and effectiveness of controls. Drive initiatives that enhance the business control environment through recommended updates to the Compliance and Operational Risk Evaluation (CORE) application.
- Develop and execute robust control test scripts aimed at identifying control weaknesses, determining root causes, and recommending practical solutions to enhance operational efficiency and control effectiveness.
- Document test steps and results in a comprehensive and organized manner, ensuring sufficient support and justification for testing conclusions. Maintain a high standard of documentation to facilitate transparency and accountability.
- Lead meetings with business owners at various management levels, delivering testing results and supporting sustainable control enhancements. Identify and capitalize on opportunities to strengthen controls and improve operational efficiency.
Required qualifications, capabilities, and skills:
- A qualified graduate with minimum of 12 + years of experience or equivalent expertise in risk management, assessment, control evaluations within the financial services industry.
- Possess a strong understanding of industry standards and regulatory requirements.
- Demonstrated ability to analyze complex issues, develop and implement effective risk mitigation strategies, and communicate insights and recommendations clearly to senior stakeholders.
- Proficient knowledge of risk management frameworks, regulations, and industry best practices. Ability to stay updated with evolving regulatory landscapes and adapt strategies accordingly.
- Exceptional ability to develop and communicate well-founded recommendations based on regulatory guidance and standards, ensuring alignment with organizational goals and compliance requirements.
- Highly organized and detail-oriented, with a proven track record of managing multiple priorities and delivering results in a fast-paced environment.
- Strong analytical and communication skills, with the ability to convey complex information in a clear and concise manner to diverse audiences.
Preferred qualifications, capabilities, and skills
- CISM, CRISC, CISSP, CISA, CCEP, CRCM, CRCMP, GRCP, or other industry-recognized risk and risk certifications preferred.
- A background in auditing and the ability to understand of internal controls is beneficial.
- Proficiency in MS (Microsoft Suite) Office - Microsoft Word, Excel, Access, and PowerPoint.
- Knowledge of data analytical tools such as Tableau, Altryx or Pythyon is a plus.
Employment Type: Full Time, Permanent
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14%
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What people at JPMorgan Chase & Co. are saying
Rating based on 115 Vice President
reviews
Anonymous · Treasury
in Mumbai
Likes
Exposure to technology and learning is good. You can upgrade your skill set with big range of trainings.
Dislikes
Unethical practice on efficiency saves where they will reduce head count even when projects or process improvement initiatives are not implemented. Few ED (Executive Director) level members will give incorrect picture of achievement at the cost of employees stretching beyond their normal working hours and also compromising with quali..Read More
Read 115 reviewsVice President salary at JPMorgan Chase & Co.
reported by
3.8k
employees
with 8-23
years exp.
₹20
L/yr - ₹68
L/yr
At
par with the average Vice President Salary in India
View more details
What JPMorgan Chase & Co. employees are saying about work life
based on 5.7k employees
Flexible timing
Monday to Friday
No travel
Day Shift
JPMorgan Chase & Co. Benefits
Submitted by Company
Employee Programs Wellness Programs Health Care and Insurance Plans Family Care Retirement Savings Programs
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