Anti-Money Laundering Compliance Analyst recruitment
Business Description
JPMorgan Chase Asia regional Anti-Money Laundering ['AML'] Compliance Team is responsible for implementation and oversight of AML and sanctions initiatives for the firm's businesses in Asia. You will expect to engage mostly with Treasury and Security Services on a lesser degree, with the Investment Bank and The Private Bank.
Treasury Securities Services (TSS) generates more than $8 billion in revenue annually and is a global leader in custody, securities lending, fund accounting and administration, as well as in treasury services. TSS supports the needs of institutional clients worldwide and is one of the top three providers in both of its businesses: Treasury Services (TS) and Worldwide Securities Services (WSS).
Our Investment Bank has one of the largest client bases in the world. We serve nearly 20,000 clients, including corporations, governments, states, municipalities, healthcare organizations, education institutions, banks and investors. We offer a complete range of financial services to help clients achieve their goals including strategic advice, liquidity, corporate financing and risk management.
J.P. Morgan's Private Bank offers expertise across wealth management disciplines to help ultra high net worth clients advance toward their goals. Private Bank is organized in four global regions: Asia, Europe and the Middle East, Latin America, and the United States.
Job Functions/Responsibilities
The successful candidate will be expected to perform monitoring of transactions for the Treasury Service business, to identify and investigate unusual activity, form recommendations on further actions and present findings to senior compliance members and working committees.
To a lesser extent, he/she will also be involved in OFAC/ Sanctions review and other AML projects.
Specific responsibilities includes:
- Performing analysis on transactions to identify unusual activity, conduct research/ investigation to form recommendations on degree of suspicion. While training will be provided, the successful candidate will be expected to think 'out of the box' and be intuitive on where information can be found.
- Presenting recommendations to senior members of compliance for discussion. Articulating arguments to substantiate recommendations and presenting these arguments well in writing.
- Querying and discussing issues uncovered with the TS business. Educating them on observed risks and convincing the business on the recommended course of action.
- Presenting cases/ issues found at regional and global committees. To be able to argue merits of his/her recommendation to the committee and address questions.
- To work with compliance officers in other regions and the TSS compliance officer in arriving at suitable solutions for cases or issues. Be able to comment intelligently on issues and cases of other regions.
- Providing analysis and resolution for potential sanctions matches relating to transactions [includes wire transfers and letters of credit transactions].
- Be involved in the implementation, review and testing of monitoring systems.
- Assist in the implementation of policies and procedure relating to monitoring, screening or sanctions in Asia, both with the business and within the Asia AML compliance team.
- Assist in the implementation of other AML related projects.
Skills
Job Requirements
Essential Skills/Experience
- Strong Communication Skills. The successful candidate will be required to participate in, speak at and present to a committee comprising of peers/ senior compliance officers from other regions. He/She will also be required to communicate the requirements relevant issue to our businesses.
- Strong analytical ability and logical thinking. Ability to identify issues accurately and offer solutions.
- Be able to work under minimal supervision. Have the initiative to find out information to substantiate an opinion. Where required, be able to provide recommendations on compliance monitoring processes.
- As required, be able to work longer hours in and to participate in scheduled conference calls.
Preferred Skills/Experience
- Strong writing and speaking ability. Confidence to form an opinion on usual activity and substantiate with information.
- Some basic knowledge of banking industry. Knowledge of cash management or some experience with the corresponding banking business will be a plus.
- Some basic knowledge of Anti-Money Laundering ['AML'] requirements in Asia, including Hong Kong and Singapore. General knowledge of AML requirements globally. Experience in monitoring transactions or market surveillance will be a strong advantage.
- Knowledgeable in Microsoft applications - Excel, Word and PowerPoint.
Education / Professional Qualifications
Experience in banking, compliance, audit, operational risk management or in a similar control function.
Language Requirements
Able to speak and write in English fluently. Fluent writing ability in Mandarin will be a strong plus.