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Account Activity Review Analyst - Compliance Operations

Job Description


JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 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


The Global Compliance Operations (GCO) organization provides management and oversight associated with operational support for Global Compliance including the development of operational centers of excellence for compliance functions which are operational in nature including: Alert Operations (Level 1 Alerts Disposition), OFAC/Client Screening, Due Diligence, Account Activity Reviews, Personal Account Dealing, and Licensing & Registration.  

GCO is responsible for supporting and leading aspects of the firm's Anti-Money Laundering (AML) program. The team works closely with the AML Program Management Office, Global Financial Crimes Compliance and the enterprise-wide control program teams to identify, remediate and track issues, and develop controls to sustain improvements as they are made. The company's responsibilities related to Anti-Money Laundering span every business, function and region - and apply to every customer and client of the firm.


As a member of the Account Activity Review team, the candidate will be responsible for producing a critical, detailed, in-depth investigative review of historical transaction activity in correspondent banking client’s account in line with firm policy and regulatory expectations. Based on the summary of their investigation, findings, conclusions and recommendations documented in the report, the LOB Relationship Managers and KYC Officers will perform additional follow up and due diligence with the customer.


Account Activity Review reports are required to be performed under the firm’s KYC periodic review standards for specific client types. The objective of the review is to determine (a) if actual activity is consistent with the due diligence information collected, including the client’s stated expected activity, (b) to identify high risk patterns of activity, including instances of money laundering or terrorist financing, high risk countries, high risk customer types, transactions with no economic purpose, presence of indirect correspondent bank clients, and transactions conducted by Politically Exposed Persons (PEP), (c) to highlight potential areas of concern or risk that require follow up or resolution by KYC team, Relationship Management or Compliance, and (d) to validate the accuracy of the KYC risk rating.


The information & insight provided by the AAR analyst is extremely valuable and critical to bankers/relationship managers/KYC owners as it allows them to finalize and capture all dimensions of the expected future activity, address any AML red flags identified by the AAR analyst, and have a meaningful AML call with the client. AARs are also utilized by senior Compliance managers to get insights into actual activity as a part of control and risk management of high risk clients.


Successful AAR Analyst candidates possess strong analytical skills, the ability to work independently within a deadline, take initiative and are adaptable to change.  In addition, successful candidates are quick learners that will be able to readily understand banking and AML concepts and issues, exercise sound judgment and observe the highest degree of confidentiality in the handling information received in connection with their responsibilities.


The successful candidate will be required to:

  • Demonstrate strong independent responsibility and extensive knowledge in working with international AML compliance-related issues, including foreign correspondent banking clients, and products/services employed by such entities and country specific nuances.
  • Possess an in-depth understanding of AML transaction typologies inherent in such clients and large multinational corporations and exercising sound judgment and observe the highest degree of confidentiality in handling the information received while discharging their responsibilities.
  • Investigate & resolve strategic Money Laundering/Terrorist Financing (ML/TF) risks, including typology, geography, product, customer/entity type and other ML/TF risk categories by independently interpreting data, understand the nature of activity and potential risks in client transactions and exercise independent and sound judgment in their decisions & conclusions.
  • Overcome investigatory challenges and be resourceful when dealing with international languages, and limited public source information or data.


Responsibilities include:

  • Conduct periodic internal account/customer reviews, complete analysis of transactional information to identify potentially unusual or high risk activity and comprehensively document steps taken throughout the investigative process.
  • Using public source search resources, determine risk levels associated with top transactors and their beneficiaries and originators (taking into account various risk factors such as jurisdictional, industry, relationship with client etc.). Based on their experience and judgment, determine if additional sources of data should be reviewed.
  • Conduct a thorough investigation to establish the presence of AML transactional typologies through an extensive review of transactions, determine any correlations or anomalies in the data based on reasonable expectations and prior experience and ascertain if activity between originators and beneficiaries have valid economic purpose based on their investigation & findings.
  • Review & interpret transactional activity to determine if the activity is high risk, which requires analyzing the relationship between JPMC client and originators & beneficiaries of transactions and highlight the presence of indirect correspondent banking activity.
  • Make a judgment on the risk, based on all findings (such as the nature or location of the business, the dollar values or transaction volumes involved, historical information and other pertinent information sourced through public sources); Determine if any unusual or high risk activity needs to be referred to AML Investigations for further review and assessment if it is reportable to regulators.
  • Review transactions to establish if these client accounts are being utilized for activity conducted on behalf of Politically Exposed Persons.
  • Independently produce complete and accurate reports of their investigations, findings, decisions and recommendations for use by LOB and KYC Officers
  • Function as a key contributor and demonstrate knowledge of AML issues as well as broader functional knowledge.



  • 1-3 years of experience in AML, KYC, Due Diligence, Risk, Fraud, Compliance, or similar operational areas in Financial Service preferred.
  • Knowledge of BSA/AML, and other AML regulatory policies, with a strong understanding of AML typologies, geography, products, customer type and expected type of activity in order to effectively identify risk and unusual activity.
  • Proficiency in investigative techniques and pattern recognition and previous success in complex analysis and investigation with unstructured data populations.
  • Understanding of the banking industry, especially correspondent banking.
  • Exceptional research and analytical skills with the ability to analyze large amounts of data, decipher higher risk attributes (transactional, geographical, product, customer type, etc) and to identify trends and potential high-risk activity, and to document conclusions appropriately.
  • Language skills preferred.
  • Strong written and verbal communication skills.
  • Self-starter, capable of working under minimum supervision.
  • Strong attention to detail and accuracy.
  • Adept at multi-tasking and meeting deadlines in a high-pressure environment.
  • Strong and adaptable team player, driven and willing to work hard in order to achieve objectives.
  • Proficient in MS Office (Outlook/Word/Excel/PowerPoint).
  • Bachelors Degree or equivalent experience.
  • CAMS or equivalent certification preferred.
  • Results oriented team player
  • Strong problem solving ability
Req #: 160050132
Location: Brooklyn, NY US
Job Category: Compliance
Employment Type: Full Time
Potential Referral Amount: 500 US Dollar (USD)

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