Are you passionate about implementing controls and diligently overseeing them to safeguard the firm? If that resonates with you, then you’ve landed at the perfect spot with us.
The Incident and Client Advisory (ICA) team is part of the Assets and Wealth Management Operations Team supporting all aspects of Client Onboarding to include the fulfilment of Anti Money Laundering (AML) and Know Your Client (KYC) requirements for the Wealth Management division of J.P MorganChase, Asset and Wealth Management business segment.
As an Associate within the AML/Reputation Risk Escalation team, you will ensure all prospects are on-boarded in accordance with the strategy of the Asset and Wealth Management business segment and that financial crime risks and reputational risks of prospects and existing clients are assessed appropriately. You will also make independent recommendations regarding AML risk and escalations as first line of defense. In addition, you will also facilitate the review and approval of the Bank’s non-core client on-boarding/ review. You are expected to stay current with all regulatory requirements around client KYC.
Job responsibilities
- Provide guidance to Bankers on reputational and financial crime risk concerns and collaborate with Bankers to prepare submissions to the Reputational Risk Committee and AML Forum/Committee.
- Partner with Bankers to prepare submissions to the Client Review Forum, addressing risk tolerance and client fit, in accordance with the business segment’s strategy.
- Work with Global Financial Crime Compliance and Risk functions on client issues which pose financial crime and reputational risk to the bank.
- Review overnight screening alerts and determine the appropriate disposition.
- Work with ICA global counterparts to coordinate issues, findings and practices.
- Ensure that process outputs are of high quality, in line with procedures and internal quality standards; escalating any issues / red flag situations in line with the escalation protocols.
- Drive effective issue resolution within boundaries of policy, ensuring cases are completed in line with defined service level agreements.
- Ensure appropriate and confidential handling / sharing of sensitive client data.
- Ensure the documented process / quality controls are adhered to with the highest standards of accuracy.
- Conduct periodic training and awareness sessions to new hires and various refreshers to staff.
- Coordinate with compliance and control function where it relates to regulatory audits / requests / initiatives.
Required qualifications, capabilities, and skills
- Bachelor’s degree
- Broad knowledge of rules and regulations for various Asia jurisdictions, with focus on KYC/AML
- Strong and proven organizational and prioritization skills
- Strong risk and controls awareness
- Ability to identify and focus on issues at a holistic level and yet be detailed oriented and independence in thinking when analyzing
- Adaptable to work in a fast paced environment where multitasking is the norm and ability to handle escalations and work on resolutions
- Being proactive and takes initiative to assist the team
Preferred qualifications, capabilities, and skills
- Strong knowledge of Wealth management/ Private banking
- Experience in handling AML escalations
- Excellent team player with open-mindedness, able to share information, knowledge and expertise with peers and team members
- Proficiency in Mandarin as the role requires interpretation of local documents and communication with Bankers whose clients are based in China
- Knowledge of rules and regulations for various Asia jurisdictions, particularly in Hong Kong and Singapore
- Minimum 3 year of relevant working experience in KYC/AML
Skills Required
- Bachelor's degree
- Broad knowledge of rules and regulations for various Asia jurisdictions with focus on KYC/AML
- Strong organizational and prioritization skills
- Strong risk and controls awareness
- Ability to analyze issues holistically while being detail oriented and independent in thinking
- Adaptable to fast paced environment, able to handle escalations and work on resolutions
- Proactive and takes initiative to assist the team
- Strong knowledge of Wealth Management / Private Banking
- Experience in handling AML escalations
- Excellent team player, open-minded, shares knowledge
- Proficiency in Mandarin for interpreting local documents and communicating with China-based bankers
- Knowledge of rules and regulations for Asia jurisdictions, particularly Hong Kong and Singapore
- Minimum 3 years relevant KYC/AML experience
JPMorganChase Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about JPMorganChase and has not been reviewed or approved by JPMorganChase.
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Healthcare Strength — Medical, dental, vision, and mental-health coverage are broad, with wellness incentives, on-site or virtual care, and an EAP offering coaching and counseling. Plan materials emphasize accessible options, including multiple medical choices and tools to manage costs.
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Parental & Family Support — Paid parental leave extends up to 16 weeks for all parents, supplemented by paid Critical Caregiver Leave. Family resources include backup childcare via Bright Horizons, lactation support and milk-shipping, family-building assistance, and even a free five-month SNOO rental for newborns.
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Retirement Support — Retirement programs include a 401(k) with an annual company match and automatic pay credits for most employees, with a legacy pension available to earlier hires. An Employee Stock Purchase Plan at a 5% discount further supports long-term savings.
JPMorganChase Insights
What We Do
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, 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. Technology fuels every aspect of our company and is at the heart of everything we do. With over 50,000 technologists globally and an annual tech spend of $12 billion, we are dedicated to improving the design, analytics, development, coding, testing and application programming that goes into creating high quality software and new products. Learn more about technology at our firm, explore resources from our Distinguished Engineers, AI & ML researchers, and other experts; access the latest episode of our TechTrends podcast, and more at www.jpmorgan.com/technology. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com. ©2023 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans.
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