europe risk associate senior auditor

J.P. MORGAN'S INTERNAL AUDIT DEPARTMENT The Internal Audit Department provides the Board of Directors, senior management and regulators with an independent assessment of JPMorgan Chase's ('JPMC') control environment. Audit works closely with the Lines of Business ('LOBs') and their support functions to achieve its mission through the execution of a comprehensive audit program designed to test the effectiveness of the controls in place to mitigate the risks inherent in each business. Globally, Internal Audit has in excess of 1,000 auditors. The EMEA Risk Audit team is based in London, Frankfurt, and Paris and is responsible for assessing the adequacy of the controls specific to risk measurement, monitoring and reporting across the Bank. This is achieved through a program of audit coverage performed and managed by a dedicated team of subject matter expert auditors, line of business auditors and technology audit specialists and coordinated on a global basis with colleagues in North America and Asia Pacific. ROLE DESCRIPTION AND KEY RESPONSIBILITIES The successful candidate will work within the broader EMEA Risk Audit team as an Associate Senior Auditor, and will be accountable to the Europe Audit Director, supporting the risk assessment, control identification, as well as the execution of the audit plan, including audit testing covering a range of EMEA risk control functions across risk stripes. The individual must demonstrate knowledge and professional experience in risk monitoring and management, with good understanding or risk across multiple disciplines including model risk, market risk, credit risk, liquidity risk, and operational risk. They must be able to execute assignments with minimal supervision. Able to work effectively and efficiently while complying with departmental standards, with strong relationship management capabilities and leverage knowledge of the operational and control risks which exist in Investment Banking, Financial Institutions or Corporate Risk supervision in general. RESPONSIBILITIES * Support the Europe Audit Director to complete in full the corresponding Internal Audit Risk Plan, including those risk audit activities impacting the Europe region. Execute coverage of audit work across risk stripes, multiple locations/legal entities, and ensure sufficient coverage is conducted in line with local regulatory requirements. * 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. * Perform monitoring of risk and financial related data to recognize patterns and trends with risk and control implications. Analyse risks and proactively identify the root-cause of issues with a view to providing recommendations for improvement where weaknesses are identified. * Detail and document audit findings and use judgment to provide an unbiased 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. * Support the build-up of a strong rapport with internal and external stakeholders, promoting transparency, open dialogue for gaining concurrency for issues and sustainability around control issue remediation. Identify areas of emerging risk, and accurately dimension 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. * 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, seek advice and continually learn. CORE COMPETENCIES * 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 - Understand Model risk, Market risk, Counterparty Credit risk, Operational risk, and Stress testing process, with reference to the product description and its mathematical parameters. Ability to perform qualitative reviews on internal models by collaborating with the Internal Audit model risk team. * Methodology & Analytical Skills - Effectively utilizes data collection and analysis tools and techniques. Employ critical thinking to respond to changes in the work environment. Maintain an independent and objective approach, considering 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 across different risk stripes. * Teamwork - Ability to assess priorities, adapt to a changing environment, and timely deliver a high-quality end-product with limited supervision. Complete work effectively and efficiently, clearing obstacles, and keeping a strong focus on execution and plan delivery. Ability to work well as part of a team, share information, and support colleagues. * Communication - Demonstrates ability to synthesize information extracted from relevant risk analysis and control assessment techniques. Clear and concise written and verbal communications, with the ability to present complex and sensitive issues to management in a persuasive manner. Actively listen and achieve a common understanding of agreed upon conclusions and actions/next steps. * Regulatory Framework - Understands key regional 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. QUALIFICATIONS * Education to degree standard (or equivalent). * Recognized risk management or accounting qualification desirable. 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. 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.