JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2 trillion and operations in more than 60 countries. The firm is a leader in Investment & Corporate Banking; Financial Services for consumers, small business and commercial banking; financial transaction processing; asset management and private equity.
The Compliance List Screening, Sanctions escalations team is responsible for handling Anti Money Laundering (AML) and Sanctions escalations and investigations and for providing Know Your Customer (KYC) Compliance support to EMEA’s Corporate & Investment Bank (CIB) businesses. In addition the team provides regional oversight for other lines of business within EMEA for Global Financial Crimes Compliance activities and issues. The team’s role is part of the financial crime objective to:
Identify suspicious activity and report to law enforcement
Prevent clients being on boarded or being maintained that create money laundering or reputational risk to JPMC
Ensure JPMC does not maintain accounts or facilitate transactions involving sanctioned countries, parties or individuals.
The team works in partnership with colleagues in US and Asia Financial Crimes Compliance, local EMEA in-country Compliance teams and client focused staff in the lines of business.
As a result of the routine screening of JPMorgan’s day to day transactions with its customers, a proportion of that activity is escalated as sanctions related suspect items which require further review and analysis by Compliance in order to ensure compliance with both our legal obligations and company policy
Duties and Responsibilities
To support the review of production transactions across the various CIB businesses which are escalated to Compliance daily as suspect items against OFAC, HMT, EU or other sanctions programs. The major part of the role on a day to day basis is the processing of payments and other transactions escalated within the Fircosoft FMF and Global Sanctions Manager systems. This can be either in the live screening queue or in the post screening queue.
To develop a good working knowledge of HMT, EU, OFAC and other sanctions programs in order to support ad hoc queries raised by CIB business partners and their customers.
To adhere to regular controls and procedures to ensure that a zero-tolerance environment for sanctions breaches is maintained
To provide regular metrics to senior management and colleagues in other Compliance teams globally as required
To investigate and resolve problems associated with the adherence to OFAC and other sanctions programs in a timely and customer focused manner
To work without supervision and act on own initiative to identify tasks to be undertaken.
To work on small projects as sole contributor or member of a wider project team, representing Compliance and providing added value as required
To keep procedures up to date
To identify opportunities to promote greater efficiencies within the process
Knowledge of banking / payment processing, especially familiarity with SWIFT and other payment message structures required.
Relevant experience of Compliance activities particularly in relation to AML/ Sanctions preferred.
Bachelor’s degree (or equivalent) required or evidence of comparable academic / work achievement
Interest in subject matter and background knowledge in world political and economic events as it impacts foreign policy objectives useful.
Excellent attention to detail
Ability to prioritize, work under pressure and meet tight deadlines
Demonstrated skills in risk assessment. The ability to make sound decisions, including escalation when appropriate, in regard of AML or sanction risk
Problem management skills
Strong interpersonal, presentation and organization skills
Self starter, able to execute responsibilities with minimal supervision
Ability to prioritise multiple tasks and bring tasks to completion within established timeframes.
Clear and concise verbal and written communication.
Proven in-depth PC skills, good working knowledge of excel/access/VBA would be advantageous.
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