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Commercial Investment Banking Markets Audit Associate

  • Job
    Full-time
    Senior Level
  • Mumbai

AI generated summary

  • You need 5+ years in auditing, a Bachelor's degree, strong control evaluation skills, and excellent communication. Qualifications like CA or CIA and Markets experience are preferred.
  • You will conduct audits, assess risks, identify control issues, develop improvements, stay updated on market changes, and focus on continuous development and technical competency.

Requirements

  • Minimum 5 years of internal or external auditing experience, or relevant business experience.
  • Minimum Bachelor's degree (or relevant financial services experience)
  • Ability to operate as an effective auditor, you will have a solid understanding of internal control concepts and the ability to evaluate and determine the adequacy of controls for a given set of risks
  • Experience with internal audit methodology and applying concepts in audit delivery and execution
  • Excellent written, verbal, and presentation skills; adept at presenting complex and sensitive issues to senior management
  • Strong interpersonal and influencing skills, with the ability to establish credibility and build partnerships with senior business and control partners, while also influencing the actions of the business to improve its control environment.
  • Strong analytical skills, particularly in regard to assessing the probability and impact of an internal control weakness
  • Proven ability to multi-task and prioritize effectively and drive efficiency with existing technical infrastructure through automation while embracing the innovative opportunities offered by new technologies
  • Chartered Accountant or equivalent, Certified Internal Auditor, and/or Advanced Degree in Finance or Accounting
  • Relevant working experience in Markets business.

Responsibilities

  • Participate in all aspects of audit activities including risk assessments, audit planning, audit testing, control evaluation, issue drafting, and follow up and verification of issue closure, in close partnership with and support of senior auditors and/or audit managers, and ensuring audit assignments are completed timely and within budget.
  • Work closely with global Markets audit colleagues in the early identification of emerging control issues and reporting them timely to Audit management and business stakeholders.
  • Meet deliverables and adhering to department standards.
  • Stay up-to-date with evolving industry changes and market events impacting Markets business.
  • Develop recommendations to strengthen internal controls and improve operational efficiency.
  • Take ownership of self-development, including stretch assignments, to prepare for greater responsibilities and career growth, and take initiative to seek out opportunity for continued learning.
  • Implement and execute an effective program of continuous auditing for assigned areas, including monitoring of key metrics to identify control issues and adverse trends.
  • Stay up-to-date with evolving industry/regulatory developments impacting the business.
  • Demonstrate and maintain technical competency.

FAQs

What is the primary focus of the Commercial Investment Banking Markets Audit Associate role?

The primary focus is to assess the adequacy and effectiveness of the control environment of the Markets business activities across regions through a risk-based program of audit coverage.

How many years of experience are required for this position?

A minimum of 5 years of internal or external auditing experience, or relevant business experience is required for this position.

Is a specific degree required for this role?

Yes, a minimum Bachelor's degree or relevant financial services experience is required.

What qualities are necessary to be an effective auditor in this role?

An effective auditor should have a solid understanding of internal control concepts, the ability to evaluate and determine the adequacy of controls for specific risks, and strong analytical skills.

What are the key responsibilities of the Audit Associate?

Key responsibilities include participating in audit activities, working closely with global audit colleagues, developing recommendations to strengthen internal controls, and staying up-to-date with industry changes and regulatory developments.

What professional certifications are preferred for this role?

Preferred qualifications include being a Chartered Accountant, Certified Internal Auditor, and/or having an Advanced Degree in Finance or Accounting.

How does the company view diversity and inclusion?

The company places a high value on diversity and inclusion, recognizing that diverse talents are directly linked to success and ensuring no discrimination based on protected attributes.

What opportunities for self-development are encouraged in this role?

The role encourages taking ownership of self-development, including engaging in stretch assignments and seeking continued learning opportunities for career growth.

What skills are essential for effective communication in this position?

Excellent written, verbal, and presentation skills are essential, especially in presenting complex and sensitive issues to senior management.

Does the Audit department have a focus on corporate governance?

Yes, the Audit department provides independent assessments focused on strong governance, risk management, and internal controls, emphasizing transparency and strategic engagement.

Finance
Industry
10,001+
Employees
2000
Founded Year

Mission & Purpose

For over 200 years, JPMorgan Chase & Co has provided innovative financial solutions for consumers, small businesses, corporations, governments and institutions around the world. Today, we're a leading global financial services firm with operations servicing clients in more than 100 countries. Whether we are serving customers, helping small businesses, or putting our skills to work with partners, we strive to identify issues and propose solutions that will propel the future and strengthen both our clients and our communities. © 2017 JPMorgan Chase & Co. JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.

Benefits

  • Healthcare and Insurance Plans

    Our employees are entitled to a variety of healthcare insurance plans, ranging from medical, dental and vision, to life and accident, disability, before-tax spending accounts, and group legal services.

  • Wellness Programs

    We are committed to providing employees with exceptional care — including arranging wellness screenings and assessment as well as access to health coaches, counseling, and guidance services for our employees.

  • Employee Programs

    Programs offered to eligible employees include parental leave, back-up child care services, flexible work options, matching gifts, discounts on banking services, electronics, arts and entertainment, fitness programs, travel and more.

  • Family Care

    We know how important your family's health is to you so we offer a variety of healthcare packages that cover you and your partner, your children and your parents.

  • Hybrid Working Model

    Dependent on the needs of the business and the nature of the role, JPMorgan Chase offers a hybrid work model for some roles, with at least three days on-site.