KYC AMLReputation Risk Escalation Associate
KYC AMLReputation Risk Escalation Associate
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Job Description
Join our Incident and Client Advisory team where we implement and oversee controls to protect the firm. As part of the Assets & Wealth Management Operations Team we handle all aspects of client onboarding including Anti Money Laundering (AML) and Know Your Client (KYC) requirements for J.P Morgan Chase & Cos Wealth Management division. We ensure all prospects are onboarded in line with the business segments strategy assess financial crime and reputational risks and make independent recommendations regarding AML risk as the first line of defense.
As a KYC AML/Reputation Risk Escalation Associate within our Incident and Client Advisory team you will be implementing controls and diligently overseeing them to safeguard the firm. You will be part of the Assets & 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 Morgan Chase & Co Asset & Wealth Management business segment. You will ensure all prospects are onboarded in accordance with the strategy of the Asset & Wealth Management business segment and that financial crime risks and reputational risks of prospects and existing clients are assessed appropriately. You will make independent recommendations regarding AML risk and escalations as the first line of defense.
Job Responsibilities:
- Provide guidance to Bankers on reputational and financial crime risk concerns and collaborate with them for 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.
- Work with Global Financial Crime Compliance and Risk functions on client issues posing financial crime and reputational risk.
- Review overnight screening alerts and determine appropriate dispositions.
- Coordinate with ICA global counterparts on issues findings and practices.
- Ensure highquality process outputs adhering to procedures and internal quality standards and escalate issues as needed.
- Drive effective issue resolution within policy boundaries ensuring cases meet service level agreements.
- Handle sensitive client data confidentially.
- Adhere to documented process/quality controls with high accuracy.
- Conduct training and awareness sessions for new hires and staff refreshers.
- Coordinate with compliance and control functions for regulatory audits/requests/initiatives.
Required Qualifications Capabilities and Skills:
- Bachelors degree or equivalent.
- At least 8 years of working experience with at least 3 years in KYC/AML.
- Broad knowledge of rules and regulations for various EMEA jurisdictions
- Strong organizational skills including prioritization.
- Strong risk and controls awareness.
- Ability to identify and focus on issues holistically while being detailoriented and independent in analysis.
- Adaptable to a fastpaced environment with multitasking capabilities and escalation handling.
- Proactive and takes initiative to assist the team.
Preferred Qualifications Capabilities and Skills:
- Strong knowledge of wealth management business/private banking.
- Experience in handling AML escalations.
- Excellent team player openminded and willing to share information knowledge and expertise.
Required Experience:
IC
Employment Type
Full-Time
