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 www.jpmorganchase.com.
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:
Please note that J.P. Morgan will not accept unsolicited approaches or speculative CVs, nor will J.P. Morgan be responsible for any related fees, from Third Party Firms who are not preferred suppliers.
The firm invites all interested and qualified candidates to apply for employment opportunities.
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