JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and 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 https://www.jpmorganchase.com
The Global Financial Crimes Compliance (GFCC) organization has over 700 staff members across the world. The team covers both global and business-aligned functions supporting the firm's Anti-money laundering, Sanctions, and Anti-corruption programs and is led by the BSA/AML Officer and the AML Operations Executive.
This posting is for a position with the Coverage Strategy team, within GFCC, whose mandate it is to strategically design, develop, and maintain an efficient and effective AML transaction monitoring program. The program must be robust, sustainable, and able to adapt to a constantly evolving risk landscape.
Coverage Strategists work with sector, regional and core colleagues, as well as directly with Lines of Business (LOBs) to develop, refine and implement monitory strategies to maximize the use of systematic and non-systematic sources of intelligence, assist the Data Management team in implementing new and modified files to support monitoring programs and support a firm-wide governance program (Global AML Monitoring Committee) to coordinate change management activities with LOBs and other Corporate functions.
This position will be responsible for the AML transaction monitoring coverage for Corporate & Investment Bank (CIB) and support the global Coverage Strategy team on its projects and initiatives. As a CIB Coverage Strategist, this person will ensure the AML risks for treasury products and banking clients have coverage that is applicable to services offered. This person will document the rationale for monitoring in the region and support ongoing processes such as typology and scenario reviews, threshold calibration and segmentation. It will be key for this person to be in close contact with LOB and Compliance stakeholders to ensure a clear understanding of the monitoring strategies required for local regulation. Additionally, this person will help the Coverage Strategy team organize deliverables, present and draft documentation for senior management discussions, exams and audits.
The successful candidate will need strong communications skills; the ability to work independently yet collaboratively across the various lines of business and regions and be adaptable to change. In addition, the candidate needs to demonstrate extensive banking and compliance knowledge in working AML/KYC-related issues, the ability to exercise sound judgment and to observe the highest degree of confidentiality in handling information received in the course of responsibilities.
Understand the Firm’s high-level products and customers in the CIB LOB and how they transact
Identify and develop solutions to capitalize upon monitoring opportunities
Communicate monitoring strategy to senior stakeholders
Communicate deliverables and requirements in a clear and concise manner
Support the development of monitoring strategies at all stages
Analyze data and determine appropriate threshold levels, with support from Compliance & Analytics
Support project plans and deliverables often tied to regulatory commitments
Participate in the development of goals and execution of strategies within the function or department
Bachelor’s degree or equivalent experience required; Advanced degree in Business Management, Law or other applicable field a plus
3 – 5 years prior AML/KYC experience preferred
Knowledge of Treasury products and banking clients preferred
7+ years experience operating under a strict regulatory environment, preferably in a large financial institution
Exceptional research and analytical skills with the ability to analyze large amounts of data, decipher higher risk attributes (e.g., transactional, geographical, product, customer type) and disposition appropriately
Self-starter, capable of working under minimum supervision
Adept at multi-tasking and meeting deadlines in high-pressure environment
Results oriented team player
Strong problem solving ability
Ability to thrive in a global operating environment and a matrix management organization
Enthusiastic, self-motivated, effective under pressure
Strong interpersonal and verbal/written communication skills
Proficient in MS Office (Outlook/Word/Excel/PowerPoint)
**Any candidate not meeting ALL the qualifications can be considered for a Sr. Compliance Officer, Associate.