Executive Director, OFAC, Asia recruitment
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 role will be to oversee the sanctions programme for all lines of businesses, but will principally focus on the Treasury Services Business, which principally covers cash management, trade finance and escrow products.
Job functions/responsibilities:
The successful candidate will be responsible for:
- Overseeing a team of analysts, in locations around Asia, who review wire transfers, trade finance transactions and Investment bank transactions, escalated by the business, and perform necessary research to determine true sanctions matches.
- Advising all businesses on sanctions risks with regard to specific transactions and clients, as well as new products
- Creating and implementing training and awareness programmes for appropriate areas of the businesses around the region
- Acting as the focal point for all escalations to the Corporate OFAC team in the US, and the dissemination point in Asia for all sanctions-related information coming from the US
- The oversight of all sanctions related projects in Asia
- Ensuring that all Minimum Screening standards, SLAs and MOUs are in place and up to date
Skills
Essential Skills/Experience:
- A minimum of 10 years experience in a related field
- Experience of remote management
- Strong written and verbal communication skills
Preferred Skills/Experience:
- Project management experience
- 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
June 2, 2012
• Tags: Asia recruitment, Compliance, Executive Director, Legal careers in the Hong Kong SAR, OFAC • Posted in: Financial