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Asset Management - Central Onboarding Team, Client Services & Business Platform - Professional/Associate (Based in Luxembourg)

Job Description

J.P. Morgan is a global leader in asset and wealth management services. The Asset Management line of business serves institutional, ultra high net worth, high net worth and retail clients through its Global Investment Management and Global Wealth Management businesses. With client assets of $2.4 trillion and assets under management of $1.7 trillion, we are one of the largest asset and wealth managers in the world. (Assets as of Dec. 31, 2015)
 
Throughout its long and distinguished history, Asset Management has been steadfastly committed to putting its clients' interests first. This fiduciary responsibility defines our relationship with clients and informs every decision we make on their behalf. The Asset Management business is also guided by its strategic objective and business priorities.
 
Global Investment Management
J.P. Morgan Asset Management (Investment Management) is a leading investment manager of choice for institutions, financial intermediaries and individual investors, worldwide. With a heritage of more than two centuries, a broad range of core and alternative strategies, and investment professionals operating in every major world market, we offer investment experience and insight that few other firms can match.
  • Clear focus on managing client assets and delivering strong risk-adjusted returns
  • More than 1,300 investment professionals providing strategies spanning the full spectrum of asset classes, including equity, fixed income, cash liquidity, currency, real estate, hedge funds and private equity
  • Leadership positions in the U.S., U.K., Continental Europe, Asia, and Japan
 J.P. Morgan Asset Management is the marketing name for the investment management businesses of JPMorgan Chase & Co. and its affiliates worldwide.


The Role


Team Description:
The team is made of 7 people. The team’s main responsibility is to control the onboarding of clients investing in Luxembourg domiciled investment funds and to apply Anti-Money Laundering controls and Know-Your Customer standards as required by the firm’s policies. This role is also includes the oversight of activities delegated to internal and external service providers.

Responsibilities
The core responsibilities of the team are:

  • Client Onboarding validation
  • Client Account Maintenance validation for any client event including an AML aspect
  • Sanction screening & monitoring
  • Ongoing client due diligence
  • PEP screening & monitoring
  • Suspicious Activity monitoring & reporting
  • Ownership of the Client Onboarding and Sponsorship Database
  • Communication to Vendors in relation to JPMAME AML requirements and needs

The following activities are partially shared / split amongst team members:

  • Execute controls around client onboarding and promote risk awareness with other teams
  • Complete client onboarding and seek to improve the effectiveness & efficiency of processes where needed. 
  • Draft and maintain desk procedures & guidelines
  • Escalate to management any issues our deviations form standard processes that can lead to any financial or reputation impact
  • Undertake/participate, when required, in team and departmental projects
  • Attend team meetings and actively contribute to team discussions
  • Meet regularly with internal and external stakeholders as required
  • Understand and apply key principles of AML/KYC 
  • Motivated and natural team spirit
  • Taking initiative
  • Natural ability and appetite to run investigations/ researches
  • Looking for a role requiring to deal every day with non standard cases/ scenarios
  • Providing support to junior team members in handling the daily activities and procedures
  • Ability to run mini-projects and design new processes
  • Dealing with highly complex issues/ initiatives – lead and propose solutions
  • Ability to understand, summarise complex concepts
  • Pragmatic approach towards both corporate and local requirements
  • Past experience in onboarding and AML/KYC activities is a plus

 
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 #: 160040095
Location: Senningerberg, L LU
Job Category: Asset Management
Employment Type: Full Time
Potential Referral Amount: Euro (EUR)

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