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Corporate - Compliance - AML Investigator - Associate

Req #: 170116884
Location: Bournemouth, ENG, UK
Job Category: Compliance
Job Description:
JP Morgan Chase
JPMorgan Chase & Co. is a leading global financial services firm with operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at http://www.jpmorganchase.com/.
 
Our Compliance Function
With a diverse team of Compliance professionals supporting all areas of our business around the globe, the team is working diligently to be innovative and present all business partners with thoughtful and unique solutions to the challenges they face.  The Compliance function has a robust set of priorities in place focused on best practice and employee development to ensure goals are delivered.
 
The Role
The Global Financial Crimes Compliance (“GFCC”) Anti Money Laundering (“AML”) Investigations Team is responsible for identification and reporting of suspicious transactions. The team investigates AML cases for Europe, Middle East & Africa (“EMEA”) booked business to support decision making in regard of filing Suspicious Activity Reports to law enforcement.  
This role is within our team responsible for investigating Treasury Services /Commercial Bank AML cases. The team works in partnership with colleagues in US and Asia Compliance, EMEA in-country Compliance/GFCC teams and client-focused staff in the lines of business.
 
Duties & Responsibilities
The AML Investigations Team is primarily responsible for review of AML cases. These result from:
  1. Escalations from the EMEA Compliance Operations team responsible for review of transaction monitoring system-generated AML alerts
  2. Referrals from other sources such as the business, law enforcement or other financial institutions.
  3. Proactive investigations arising from self-generated leads or Financial Intelligence Unit (“FIU”) initiatives.
  • Undertake client and company research using in-house databases and publicly available information to identify whether activity is unusual, and ultimately support the decision-making process regarding reporting to law enforcement.
  • Escalate unusual activity and present cases to the weekly EMEA Anti Money Laundering Monitoring Committee (“AMLMC”) meeting with relevant country Money Laundering Reporting Officers (“MLROs”).
  • Draft Suspicious Activity Reports (“SARs”) for submission to law enforcement.
  • Provide feedback and escalate issues identified from AML investigations into clients’ due diligence documentation and risk categorisation.
  • Actively develop knowledge of criminal methods and AML typologies, applying these characteristics through interrogation of transaction data to identify unusual activity.
  • Participate in proactive investigative projects in support of national, regional or global priorities and initiatives, including engagement with external partners.
  • Develop subject matter expertise through knowledge, research and training, leading to new investigative approaches to uncover unusual activity.
  • Share knowledge and experience through briefings, presentations and written products.
  • Participate in ad hoc projects and enhanced reviews, including supporting regulatory enquiries and line of business Compliance.
Education and Experience
 
The following would be desirable:
 
  • Strong academic background or work achievements
  • Knowledge of and interest  in one or more of:
    1. money laundering;
    2. terrorist financing ;
    3. bribery and corruption;
    4. novel and informal value transfer systems;
    5. correspondent banking; securities trading; investment, pension and hedge funds; currency exchange and transaction settlement;
    6. market manipulation and market abuse.

 

  • Investigative skills and an analytical mindset, including proven problem solving ability.
  • Experience in the finance industry, financial regulation, law enforcement or intelligence analysis.
  • Demonstrated skills in risk assessment. The ability to make sound decisions, including escalation when appropriate, in regard to AML risk.
  • The candidate must possess:
  1. initiative and judgement;
  2. the ability to prioritise conflicting demands, organise one's agenda and work under pressure;
  3. the relationship management skills to deal with management and build partnerships with other departments;
  4. the ability to work in teams and the readiness to share knowledge;
  5. good oral and written communication skills
  • Intermediate to advanced proficiency in Excel, particularly experience in handling large volumes of quantitative data.
About J.P. Morgan Chase & Co:
 
J.P. Morgan serves one of the largest client franchises in the world. Our clients include corporations, institutional investors, hedge funds, governments and affluent individuals in more than 100 countries. J.P. Morgan is part of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with assets of $2.1 trillion.  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 clients and consumers under its JPMorgan and Chase, and WaMu brands.
 
J.P. Morgan offers an exceptional benefits program and a highly competitive compensation package.

J.P. Morgan is an Equal Opportunity Employer

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