JPMorgan Chase & Co. is a leading global financial services firm with assets of more than $2.4 trillion, over 250,000 employees and operations in over 60 countries. It operates across four business segments including Asset & Wealth Management, Corporate and Investment Banking, Commercial Banking and Consumer and Community Banking.
J.P. Morgan Asset & Wealth Management advises institutions, endowments, foundations and families through Asset Management and Wealth Management. Our Wealth Management business includes J.P. Morgan Private Bank, J.P. Morgan Securities and Chase Wealth Management.
Asset Management - AML/KYC Specialist (Client Account Management) - Professional
An open position is within the centralised AML/KYC Team in Client Account Management to support the Anti-Money Laundering and KYC processes for the Institutional client business. The team are also responsible for further operational controls.
The primary responsibility will be to refresh KYC records for institutional clients and to take ownership and maintain the KYC Database; to ensure that all AML/KYC documentation is reviewed and remediated as appropriate, whilst working in accordance with JPMC Policy and the appropriate regulatory requirements.
The successful applicant will also be expected to provide business oversight of various AML/KYC activities including reporting, new system functionality testing, negative media escalations and assist with the new onboardings and various add-hoc projects when required.
The role provides an excellent opportunity to develop AML expertise working with a variety of departments across the business, including compliance, as well as having regular engagement with the Client Account Management teams and Client Advisors. Additional duties will be required from time to time to cover various departmental and business initiatives spanning the Institutional client base and investments into the Alternative funds product range.
Update and maintenance of the KYC records, refresh of documentation and completing Enhanced Due Diligence where required
Review and escalation of Sanctions, PEPs and negative media screening results in line with policies and procedures
Working closely with Client Account Managers and Client Advisors on due diligence documentation requests and with the counterparts Globally on shared clients’ records
Assistance with new client onboardings if required
Partnering with Compliance and the business on escalations resolutions
Ownership and timely closure of AML/KYC queries
Participating in setting KYC system enhancements and their testing prior to implementation
Production of weekly/monthly AML/KYC management reports and metrics
Supporting AML/KYC business initiatives
Skills and Competencies
Attention to detail and strong analytical skills.
Understanding of current AML regulation and sanctions regime and its application to the business.
Flexibility towards the change and ability to work effectively in a variety of situations and challenges, seeking improvements and overcoming obstacles in order to move forward.
Ability to plan and organise self and work in order to achieve objectives and targets.
Accountability for the results delivery and focus on client experience.
Proven competency in business analysis, requirements definition and business case production.
Strong written and presentational skills to clearly communicate and articulate complex messages to a variety of audiences including senior management.
Confidence and gravitas to influence and challenge at all levels if the situation requires.
Team player who works effectively with colleagues, managers and other stakeholders proactively developing and strengthening business relationships.
Qualifications, Experience and Technical Skills:
AML/KYC or financial industry related experience
Bachelors degree or equivalent
Understanding of principles of compliance in the financial sector
Good working knowledge of Excel, Word and Power Point
AML related qualifications are advantageous
Previous experience within Asset Management is preferred
Experience in project related work is advantageous
JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase& Co. is an Equal Opportunity Employer.
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