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Vice President - Control Officer

Req #: 180020878
Location: Bangalore East, KA, IN
Job Category: Accounting/Finance/Audit/Risk
Job Description:

J.P. Morgan is a leading global financial services firm, established over 200 years ago:

o We are the leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management.

o We have assets of $2.5 trillion and operations worldwide

o We operate in more than 100 markets.

o We have more than 243,000 employees globally.


Our wholesale businesses include J.P. Morgan’s Asset Management, Commercial Banking and the Corporate & Investment Bank which provide products and services to corporations, governments, municipalities, non-profits, institutions, financial intermediaries and high-net worth individuals and families.


Our corporate functions support the entire organization and include the following functions: Accounting, Audit, Finance, Human Resources, Operations, and Technology.


J.P. Morgan in India provides a comprehensive range of Corporate & Investment Banking, Commercial Banking, Asset & Wealth Management, and Corporate functions services and solutions to our clients, executing some of the most important financial transactions and providing essential strategic advice to our clients such as the government, large domestic and multi-national corporations, non-government organizations and financial institutions and investors. India is a key market for JPMorgan Chase globally and our employees in India are a critical part of how we do business globally and are integrated within our businesses.


Our Global Service Centers (GSCs) are strategically positioned in Mumbai, Bangalore and Hyderabad to support the firm’s operations regionally and globally. The centers provide comprehensive strategic support across technology and business operations processing to all lines of business and the corporate functions.


This is a Senior Managerial Role within the Global Finance India (GFI) Control Office team in Bengaluru, India. The incumbent would be supporting multiple risk & control agendas for Line of Business (LOB) finance and risk functions as a first line of defense.  The incumbent will be reporting to Head – GFI Control Office and managing a team that supports range of Operational Risk & Control Management Agenda, Business Continuity Planning Agenda & Information Risk Management Agenda and ensuring that effective controls are in place to mitigate risk.


The responsibilities of the incumbent will include (but not limited to) the following:


o Manage the operational risk & control agenda for multiple lines of business (LOB) within GFI including resiliency risk, information risk, third party risk, etc.

o Manage governance meetings with LOB management teams and highlight key risk and control updates, focus areas, items requiring attention, issues, red-flags, etc.

o Maintain strong engagement across multiple stakeholders through continuous evaluation of the control environment within each LOB and identification & remediation of control gaps and issues

o Conduct thematic reviews & deep-dive process risk reviews, identify risk and control gaps, formulate remediation plans and track issue/action plans to closure

o Manage projects and initiatives on risk & controls (e.g. awareness programs, risk expos, trainings, etc.)

o Collaborate with local, regional & global stakeholders and stay abreast on risk and control agendas

o Conduct Risk & Control Self Assessment (RCSA) including planning the annual book of work, risk assessment, process flows, design walkthroughs, control substantiation, etc. as per firm’s policies and timelines

o Conduct Sarbanes Oxley (SOX) testing including planning the annual book of work, scoping, process flows, walkthroughs, design and operating effectiveness testing, etc. as per firm’s policies and timelines

o Ensure LOB compliance to JPMC risk & control policies (e.g. Record Retention Policy, GLRS Policy, Funds o Transfer Policy, Consecutive Leave Policy, User Tools Governance, etc.)

o Identify, review & remediate high-risk manual process as per manual process guideline

o Publish monthly risk and control metrics & scorecards, monthly control meeting decks, exception management reports, etc.

o Coordinate audits and act as a liaison between business and the auditor

o People & team management (direct & indirect)


o CA/CS/CWA/MBA (Finance) with minimum 10 years of post-qualification experience in Operational Risk, Resiliency Risk and/or Information Risk

o Working knowledge of Finance & Risk functions preferred



o Experience in Audit, Governance, Risk Management & Compliance (GRC), Risk & Control Self Assessment (RCSA), SOX management testing, Internal Audits, Process Risk Reviews, Business Continuity Planning (BCP), Information Risk Management (IRM), etc.

o Should have worked in financial services industry and/or managed finance & risk process

o Must have hands-on experience of people and team management


Skill Sets

o Be the first line of defense and support business function in ongoing risk & control agenda

o Act as a trusted business advisor and be able to provide management assurance on the reasonableness of internal controls

o Understands Finance functions is able to appreciate its linkages across business process

o Possess strong leadership and stakeholder management skills. Should be able to face senior management personnel with confidence and determination.

o Excellent collaboration, relationship management & partnering skills

o Be assertive and communicate effectively across multiple levels and handle challenging situations tactfully

o Displays strong auditing and control testing skills and be able to challenge the status-quo

o Displays strong risk acumen & control mindset

o Be able to think strategically and add value to business through risk and control initiatives

o Proficient in MS Office applications, knowledge of risk and control tools and advance technology aptitude

o Should be a self-starter and carry a proactive & positive approach

o Displays strong people and team management skills and able to lead the team towards goals

o Ability to multi-task and capable of delivering on multiple priorities

o Ability to understand the risk impacts of technology change projects

o Ability to work under pressure and make accurate decisions in stressful situations

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