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Asset Management, Private Bank, Client Onboarding Officer - French Speaker - Edinburgh

Job Description

JPMorgan Chase & Co. is a leading global financial services firm with assets of more than $2 trillion, over 265,000 employees and operations in over 60 countries. It operates across four business segments including Asset & Wealth Management, Commercial Banking, Consumer and Community Banking, Corporate and Investment Banking.
 
The Global Wealth Management business offers individuals and families personalized, comprehensive financial solutions that integrate sophisticated investment management, capital markets, trust and banking capabilities.  JPMorgan Private Bank was recognized in 2015 by Euromoney as the world’s best global private bank, with more than 1,800 client advisors in 120 offices in 11 countries.
 
J.P. Morgan International Bank Limited (JPMIB) is the primary entity which is used to provide private banking services to ultra high net worth (UHNW) and high net worth (HNW) individuals in the EMEA region, excluding Switzerland. It is also the entity which provides banking, trading, and brokerage and custody services to clients of the Global Wealth Management (GWM) in Asia. JPMIB is a UK bank and is regulated by the PRA and FCA; it operates out of its UK head office with branches in Brussels, Frankfurt, Madrid and Milan. 
 
Operations Overview
 
 
The global focus on Anti Money Laundering (AML) and Know Your Client (KYC) is increasing and leading to new roles and opportunities within JP Morgan. The firm is establishing within Operations a market-leading function to help manage the regulatory risks involved in Onboarding clients with special attention to meeting the regulatory AML and KYC requirements.
 
Edinburgh has been targeted to become a new strategic operating centre to help support our global business in partnership with London and grow the footprint of this team in the UK.
 
As such we are recruiting multiple roles for this new hub team.
 
We are offering you an exciting opportunity to join a dynamic and growing team in a fast paced and challenging area.
 
Key Responsibilities:
 
The team’s key responsibilities are:
  • Advising on documentation requirements to external and internal partners.
  • Review of legal, account opening and tax documentation as to whether it meets regulatory and internal policies to open or maintain an account.
  • Documenting clients on due diligence and related systems and updating these profiles periodically.
  • Taking responsibility for the end-to-end onboarding process.
    Team members in Edinburgh will undertake some or all of these roles depending on their role within the team.
The Client Onboarding Officer will support all aspects of client onboarding to include the fulfilment of Anti Money Laundering (AML) and Know Your Client (KYC) requirements. The Client Onboarding Officer will partner with the client-facing teams to ensure all client KYC records are compliant with regulatory standards, and will ensure high quality and timely completion of all client-level due diligence requirements at the onset and renewal of client relationships.
  • The Client Onboarding Officer will own the end to end Onboarding of new clients and subsequent periodic renewal process of all clients. The Client Onboarding Officer will assist with the drafting and gathering of client documents and make independent recommendations regarding AML risk at a client level prior to final review by the client-facing team. The Client Onboarding Specialists are expected to stay current with all regulatory changes and requirements around client KYC, Suitability and Documentation.
  • Analysing and understanding complex client structures and explaining them to colleagues across the business, and able to escalate appropriately any risks identified during the documentation review process.
  • Partnering with the client facing teams to collect required legal documents and associated information to meet all regulatory and internal polices
  • Act as a subject matter expert on required legal documents and process to onboard a client to PB platforms, reviewing clients’ constitutional documentation, having consideration for relevant tax, regulatory and corporate law issues, as applicable.
  • Once trained, the successful candidate will be expected to deal with a wide range of jurisdictions and entity types. Full training is provided to all new joiners.
  • Undertake quality review of clients’ KYC records
  • Manage and facilitate client due diligence, including coordinating the participation of JPMorgan  stakeholders who have KYC responsibilities
  • Serve as point of contact for KYC and reporting issues for designated clients
  • Act as a KYC and AML subject matter resource for KYC due diligence teams
  • Act as a subject matter resource on the KYC/AML policies and procedures
  • Discuss and escalate with Compliance complex issues surrounding client types and structures, financial products and services, and other AML risk-related issues
 
What do we look for?
  • Candidates with a Law Degree and/or postgraduate legal qualification (or equivalent in candidate’s home jurisdiction) preferred. Candidates without a law degree or equivalent would be expected to have a degree in another field, and have experience in working in a similar role to a client onboarding officer.
  • A working knowledge of the general principles of corporate, trust, banking, tax and estate law. Previous banking experience, especially in an AML/ KYC role preferred, but training will be provided to the successful candidate.
  • Attention to detail
  • Strong written and oral communication skills, able to influence internal and external stakeholders
  • Strong analytical, prioritization and organizational skills
  • Logical, structured approach to planning, problem solving and decision-making
  • Strong risk and controls awareness
  • Capacity to think laterally and convey an understanding of the big picture
  • Maintains a sense of urgency and ability to prioritize/multi-task
  • Strong client focus and ability to partner with various internal groups and client coverage
  • Ability to successfully navigate a complex infrastructure that involves numerous groups and individuals
  • Consultative in approach, understanding and anticipating business partner needs and proactively delivering solutions
  • Ability to work under pressure and to fixed deadlines
  • Independent, self-motivated, with an ability to adapt and be flexible in a team environment
  • A strong sense of ownership and responsibility
  • Fluency in English is required.
  • For this particular role within the team, we are seeking to recruit French speakers who meet the above criteria, who have a familiarity with entities and structures from French speaking jurisdictions.
 
PLEASE NOTE: ALL INTERNAL MOVES WILL NORMALLY TAKE PLACE ON THE SAME GRADE AND SAME SALARY. SALARIES ARE REVIEWED ANUALLY IN FEBRUARY. EXCEPTIONS TO THE RULE REGARDING TRANSFER ON CURRENT SALARY MAY INCLUDE A MOVE BETWEEN GEOGRAPHIC LOCATIONS.

Req #: 160032258
Location: Edinburgh, SCT GB
Job Category: Operations
Employment Type: Full Time
Potential Referral Amount: Pound Sterling (GBP)

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