Assistant Vice President, AML Sanctions recruitment
Business Description
The J.P.Morgan Chase Asia Anti-Money Laundering (AML) Compliance Team is responsible for implementation and oversight of the firm's AML and sanctions programme for the firm's businesses in Asia.
J.P.Morgan Chase is required to comply with US OFAC regulations and the sanction programmes of all Asian jurisdictions in which we have a presence. You will manage the day to day sanctions process operationally, working with a team of analysts performing transaction review and managing daily escalations. Escalations will primarily be for wire transfers from the Treasury Services Business and Trade Finance transactions, but can include escalations from other businesses.
Job functions/responsibilities:
The successful candidate will be responsible for the following:
- Day to day management of the sanctions review process for transaction escalations. Escalations include wire transfers, trade finance transactions and Investment bank transactions. You will work with and provide guidance to a team of analysts who will review these transactions and perform necessary research to determine true sanctions matches. The role will include managing the operational aspects of the team including work allocation, quality assurance and the tracking and responding to business on status of escalations.
- The role will report to the Head of sanctions compliance in Asia.
- You will provide support in OFAC/sanctions advisory matters, working with the Head of sanctions compliance and location compliance. This will include advising all businesses on sanctions risks with regard to specific transactions and clients, as well as new products.
- You will need to provide support in ensuring that all Minimum Screening standards, SLAs and MOUs are in place and up to date.
Skills
Essential Skills/Experience:
- Work experience in a compliance, audit, risk management or control function.
- Strong written and verbal communication skills
Preferred Skills/Experience:
- A minimum of 2 years experience in a related field. Prior work experience specifically in a OFAC/sanctions role will be highly valued.
- US Bank work experience
- Experience with operations processes regarding sanctions screening.
Language requirements:
- Fluency in English, both written and verbal. Fluency in a language other than English an advantage