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Asset Management – Compliance – Global Wealth Management Compliance Testing – Associate, Geneva

Job Description

Switzerland GWM Compliance Testing – Associate / AVP


JPMorgan Chase & Co. is a leading global financial services firm with assets of more than $2 trillion, over 200,000 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 (GWM) division of JPMorgan Chase & Co. is part of the Asset & Wealth Management business segment.  It has offered for over 160 years customized solutions and client service of the highest quality to solve the complex needs of wealthy individuals and their families around the world.  With assets under management of $1.25 trillion, it is one of the largest asset and wealth managers in the world.


A Swiss regulated subsidiary of the JPMorgan Chase & Co. Group of companies, J.P. Morgan (Suisse) SA is a leading provider of asset & wealth management and global custody services.


Our Team


The Compliance function provides a broad range of regulatory and compliance services and advice to all areas of JPMorgan Chase worldwide.  Services include regulatory analysis of transactions and activities, formulation of regulatory and control policy, assistance in risk assessment and testing, new product development and assistance in the education of staff.  The  EMEA Compliance strategy focuses on a three-tiered coverage model, including: 

  • Country expertise: In-depth knowledge of the local regulatory environment, regulatory structures, local regulatory and market contacts, local market practices, industry groups, culture, languages, etc.
  • Product expertise: In-depth knowledge of a specific product/service, its structure, purpose, target clients, risks, deal/trade/process flow and settlement, exchanges, etc. 
  • Core expertise: In-depth knowledge and application of firm-wide policies and regulatory requirements across multiple products, services and jurisdictions.

The Role

The successful candidate will provide support to the GWM businesses conducted in Switzerland and will work as part of the Compliance team.  This position will also be accountable for supporting the development and execution of a risk-based Compliance Testing program for Switzerland GWM, including:

  • Work with Business, Legal, Risk, Audit and Compliance management to identify and assess risks relevant to the Compliance Testing program.
  • Develop testing scopes, objectives, work programs, scripts, and other documentation in accordance with global testing procedures.
  • Assess data samples (including systems data) to determine if practices adhere to applicable policies, procedures, laws, regulations and regulatory expectations and draw effective  and precise conclusions.
  • Identify potential concerns and control issues, and real or apparent breaches of laws, rules, regulations and internal policies.
  • Retain appropriate documentary evidence to support the test steps and conclusions.
  • Discuss findings with key stakeholders, determine the root cause of issues, and ensure stakeholders develop and implement appropriate corrective action plans and provide advice and best practice recommendations in respect of handling issues identified.
  • Write clear and concise compliance testing reports that appropriately summarize the results of testing illustrated in the work papers and other supporting documentation.
  • Establish collaborative working relationships with Compliance team members locally and globally and participate in Compliance working groups.
  • Monitor issues arising from testing and the associated action plans to ensure corrective action is fully implemented.
  • Liaise closely with Internal Audit and Corporate Compliance to ensure the effectiveness of the Compliance Testing program and to ensure the rotational testing plan addresses required testing frequencies.
  • Coordinate Quality Assurance, Audit, and/or Regulator reviews related to Compliance Testing; Manage responses and any compliance issues that may be raised via such reviews.
  • Monitor industry trends and anticipate key areas of focus and attention by regulators.
  • Involvement in departmental projects, BAU workload, and the production and distribution of management information.


Essential Skills / Experience

  • Bachelor’s degree or equivalent required; A compliance, accounting, financial or legal qualification would be an asset.
  • Proven financial services experience, preferably with experience in and knowledge of Private Banking products and services.
  • Previous experience conducting regulatory examinations, compliance testing, or audits of complex financial institutions is highly desirable.
  • Knowledge of AML regulatory policies and experience with case-based work: investigations, alert dispositions, and/or SARs writing would be an asset.
  • Attention to detail and control/quality awareness.
  • Self-starter, problem solver, good judgment, discreet and inquisitive.
  • Strong interpersonal skills, especially the ability to communicate effectively with key stakeholders at all levels, both internally and externally.
  • Good organizational and planning skills.
  • Fluency in English (verbal, written) is required, and any other language is an asset.


JPMorgan Chase & Co offers an exceptions benefits programme and a highly competitive compensation package.  JPMorgan Chase & Co is an Equal Opportunity Employer


Req #: 160032556
Location: Geneva, GE CH
Job Category: Compliance
Employment Type: Full Time
Potential Referral Amount: 8500 Swiss Franc (CHF)

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