J.P. Morgan Asset & Wealth Management, with client assets of $2.4 trillion, is a global leader in investment and wealth management. Its clients include institutions, high-net-worth individuals and retail investors in every major market throughout the world. The division offers investment management across all major asset classes including equities, fixed income, alternatives, multi-asset and money market funds. For individual investors, the business also provides retirement products and services, brokerage and banking services including trusts and estates, loans, mortgages and deposits.
Wealth Management Operations supports the JPMorgan Private Bank in JP Morgan’s Asset & Wealth Management line of business. The Private Bank is the world’s premier service provider for ultra and high net worth individuals. Our goal is to help these affluent individuals across the globe optimize their wealth, after taxes and across generations. Wealth Management Operations provides end-to-end support for all aspects of the client experience, working closely with client service, fiduciary, product specialty groups, third party vendors and other internal groups.
The Private Bank LatAm Team works closely together as a unit and is characterized by its team-based approach to ensure a high level of client service. The Client Onboarding Group (COB) plays a critical role at the inception of new client relationships - setting the standard for ongoing execution excellence and providing best in class support. Private Banking COB personnel are the primary contact for all aspects of KYC/AML and account onboarding needs of a Private Banking client.
About the Role
KYC / AML is a firm-wide initiative in response to an OCC and FRB Consent Order to align KYC and AML processes across the firm. This includes analyzing current state processes, defining unique business requirements by line-of-business (LOB) and working cross-LOBs to determine the target state plan as well as the necessary implementation plan steps to get there. This role would focus on the Wealth Management LatAm Private Bank and its related KYC / AML processes.
The Strategy and Relationship Management (SRM) team is responsible for developing the operational strategies to support the global objectives of Wealth Management Operations for LatAm by examining and structuring effective and efficient processes, identifying and supporting new technology (automation and robotics), and ensuring the managing of resource allocation and organizational design.
The Vice President Operations Strategy and Data Analytics will work closely with the Executive Director, SRM to develop the newly formed organization in COB LatAm. The Vice President will be responsible for developing the tactical execution of the strategic initiatives. This will require influencing and/or shaping mid to short term strategic priorities by partnering with clients and Onboarding team. He/she is expected to become an expert in COB policies and procedures to ensure that new strategies comply with FINRA requirements, the firm’s AML, KYC and Sanctions policies and procedures and overall business strategy. One of the VP main responsibility will be gathering data from different sources, managing and analyzing (data analytics) the information and preparing metrics (KPI/KRI) to identify the capabilities needed to achieve the desired service levels and determine the right structure to achieve high service performance level. The individual will be accountable for establishing strong partnership with stakeholders from different functions and front office leads to ensure the necessary focus in delivering against the strategic vision and corresponding milestones. The Vice President will interact frequently with Front Office, LatAm COB, Technology and MIS personnel. Role will be based in Brooklyn, New York.
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