Be part of a dynamic team that ensures our operations meet the highest standards of compliance. Your expertise will help safeguard our reputation and support our continued growth in India.
Business Description
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with 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. Information about JPMorgan Chase & Co. is available at http://www.jpmorganchase.com/ .
As an IFSC Banking Unit (IBU) in GIFT City it is regulated by International Financial Services Centres Authority. As a Foreign Portfolio Investor (FPI), the IBU will also comply with SEBI FPI regulations and any applicable RBI regulations.
Compliance, Conduct & Operational Risk (CCOR) works closely with these lines of business to assist with the management of specific risks. CCOR plays the vital role of challenging the firm's business controls infrastructure for completeness (e.g. against regulatory requirements) and adequacy (e.g. in terms of strength and performance).
Job Summary
As an Associate in the Compliance team, you will be responsible for supporting regulatory compliance for J P Morgan Securities PLC, GIFT City (IBU).
Job Responsibilities
- Responsible for implementation of compliance framework for IBU and providing Compliance Conduct and Operational Risk (CCOR) coverage to IBU.
- Implement the firm's AML & CFT programme for IBU. Working closely with the business, operations, and other compliance partners to ensure that the AML/ CFT / Sanctions programme are implemented as per the firm's policies and standards, as well as local laws and regulations.
- Provide regulatory guidance and advisory to the business/operations teams and other stakeholders regarding regulatory changes as well as existing regulations.
- Evaluate compliance with relevant regulations, including AML, KYC (impacting the regulatory licenses held by IBU), monitor and identify issues or gaps.
- Handle regulatory exams and be the primary contact for regulators during such exams.
- Provide updates to the IBU's Governing Body on regulatory developments as well as represent compliance on various legal entity governance forums.
- Engage with IFSCA, SEBI, Exchanges and relevant regulatory authorities for exam/ inspection and other RFIs as well as for regulatory clarifications.
- Participate in various advocacy initiatives with IFSCA, SEBI and exchanges.
- Handle the escalation of alerts from AML or Trade surveillance team.
- Review policies pertaining to IBU based on regulatory changes / requirements.
- Work with various regional teams and provide them with necessary updates regarding local regulations.
Required Qualifications, Capabilities, and Skills
- 10 plus years of experience in the Financial Services Industry
Preferred qualifications, capabilities, and skills
- Chartered Accountant, Master's degree, Company Secretary or other closely related professional qualification will be beneficial.
- Experience working in Compliance role at an IFSC Banking Unit (IBU), Fund Management Entity (FME), or Exchange within IFSC will an advantage.
- Experience in handling SEBI FPI / ODI regulations or AML /CFT regulations are an added advantage.
About Us
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
About the Team
Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.
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
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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.
Why Work With Us
Our technologists work on a diverse range of solutions that include strategic technology initiatives, big data, mobile, electronic payments, machine learning, cybersecurity, enterprise cloud development, and other state-of-the-art technologies.
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