Executive Director - Corporate & Investment Bank Audit, Corporate Sector, Mumbai Job Listing at J.P. Morgan Chase in India

Finance

JPMorgan Chase Co. (NYSE: JPM) is a leading global financial services firm with assets of $2 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of consumers in the United States and many of the worlds most prominent corporate, institutional and government clients under its JPMorgan and Chase brands. Department Description The JPMorgan Chase (JPMC) Audit Department is accountable to the Audit Committee of the Board of Directors, the Office of the Chairman, senior management and our global and local regulators. The global Audit Department has in excess of 500 auditors, based globally in all regions, including Asia. Within the Audit Department, the India Audit team is responsible for assessing the adequacy of the control environment across JPMorgan Chase business activities in India which include the India revenue businesses (employing over 450 employees) and India service functions (employing over 18,000 employees) which provides operations and technology support to JPMC businesses globally. This is achieved through a program of audit coverage performed and managed by a team of technology and business audit specialists and coordinated on a global basis with colleagues in the US, Asia and Europe. In addition, the team is involved in assessing the adequacy of control over significant projects including business reorganization, technology developments/conversions, and transition management. The Corporate Investment Bank ('CIB') comprises of two main Groups namely Banking, which include Investment Banking, Global Corporate Bank and Treasury Services; and Markets Investor Services, which include Fixed Income, Equities, Commodities, Prime Services and Securities Clearing. The India CIB audit team (part of the India Internal Audit department) is responsible for carrying out audit across the CIB organization namely the India revenue businesses and the India service functions. Position Description The India CIB Team Lead position is based in Mumbai. This individual will be responsible for leading a team of professionals responsible for assessing the adequacy of the control environments across all of the CIB businesses and operations in India. This will involve monitoring adherence to business and regulatory changes, helping ensure appropriate audit coverage within CIB business audits, leading the planning and execution of CIB India related audits, maintaining relationships with and providing control related advice to business stakeholders.In addition, from time to time the individual may be asked to facilitate and/or participate in audits at other locations. The individual will perform and work in accordance with department and professional standards, evaluate the system of internal controls and prepare risk assessment matrices, audit programs and audit planning memorandums. This individual will also deliver audit services that consistently satisfy the needs and reasonable expectations of the stakeholders by helping them improve the control environment, streamline their business and achieve operational excellence. In addition, the individual will prepare detailed reports of audit findings, recommend changes in business and operations, as appropriate, and complete assignments in an efficient manner. The applicant must be an experienced professional who possesses strong auditing skills, a good knowledge of the business and regulatory environment relevant to CIB in India, and a strong understanding of internal control systems within a financial institution. This includes a working knowledge of CIB business activities, and practical experience dealing with risk management principles and controls. This individual should be a strong team player and good multi-tasker, and able to work under pressure in a dynamic business environment. Responsibilities As a member of the CIB Audit Team, you will be responsible to:

• Lead audit engagements as outlined above covering the CIB businesses including risk assessment, audit planning, audit testing, control evaluations, report drafting and follow up and verification of issue closure. Ensure audits are completed timely and within budget.
• Establish strong working relationships with CIB India management.
• Work closely with regional/global CIB auditcolleagues in the early identification of emerging control issues and reporting them timely to Audit management and business stakeholders.
• Coach and develop team members.
• Develop recommendations to strengthen internal controls and improve operational efficiency.
• Finalize audit findings and using judgment opine on the control environment.
• Drive plan creation, execution and changes based on changing business risk profile.
• Ensure audits are performed to professional standards and departmental procedures.
• Performongoing analysis of risk trends through the development and implementation of audit coverage.
• Effectively manage the team, perform timely reviews and providing honest and constructive feedback.
• Work with local, regional and global audit managers in the early identification of emerging control issues and report them timely to senior management
• Stay abreast of local regulations and response to local regulator's inquiries on a timely basis.
• Communicate well, both verbally and in written form, audit results and issues
• Partner with legal, compliance, risk management and other control groups establishing strong work relationships, while maintaining independence.
• Partner with colleagues in other locations and lines of businesses to facilitate achievement of the overall desired audit coverage.