Global Financial Crimes Compliance (GFCC) Officer, Associate – Private Bank
JPMorgan Chase Co. is a leading global financial services firm with assets of more than $2 trillion, over 200,000 employees and operations in over 60 countries. It operates across four business segments including Corporate and Investment Banking, Commercial Banking, Asset Wealth Management, Community and Consumer Banking.
The Wealth Management division of JPMorgan Chase Co. is part of the Asset Wealth Management business segment. It has offered for over 160 years customised solutions and client service of the highest quality to solve the complex needs of wealthy individuals and their families around the world. With assets under management of $1.25 trillion, it is one of the largest asset and wealth managers in the world.
A Swiss regulated subsidiary of the JPMorgan Chase Co. Group of companies, J.P. Morgan (Suisse) SA is a leading provider of asset wealth management and global custody services, employing more than 750 people at both its Geneva headquarters and Zurich branch.
The Role
The Europe, Middle East Africa (EMEA) Financial Crimes Compliance team ("GFCC Compliance") is responsible for Anti Money Laundering (AML) monitoring, providing advice for KYC requirements and sanctions screening for all EMEA booked activity across the Corporate Investment Bank (CIB) and AWM businesses. The team's role is part of the financial crime objective to:
• Identify suspicious activity and report to law enforcement in coordination with Country Compliance
• Prevent clients being on boarded or being maintained that create money laundering or reputational risk to JPMC
• Ensure JPMC does not maintain accounts or facilitate transactions involving sanctioned countries, parties or individuals
The team works in partnership with colleagues in US and Asia Compliance, local EMEA in-country Compliance teams and client focused staff in the lines of business.
This role is new and has been created to consolidate the JPMorgan Chase ("the Firm") financial crimes program within the Financial Crimes Compliance team, particularly in the areas of KYC/AML policies and standards, exam management, governance, management information and co-ordination of activities with EMEA GFCC organization.
Duties and Responsibilities
The role will cover the relevant aspects of Financial Crimes Compliance for the Swiss Private Bank including AML, Sanctions, CTF and Bribery and Corruption working with the regional advisory and core staff based in the UK. As a member of the Global Financial Crimes Compliance Team, the individual will be based in Geneva and will be responsible for:
• Anti-Money Laundering (AML) – monitoring and review of potentially suspicious activities and ad hoc investigations where required. They will be required to assess and perform a quality review of the information supplied by the Front Office on these transactions
• Training/Education - provide assistance in the training of new employees and ongoing education of staff with all matters related to AML/KYC
• Management Information (MIS) – compiling of data and producing monthly reports and other ad-hoc reports as required for senior management
• To participate in the financial crimes risk assessments at location levels
• To participate in group projects as appropriate
• To provide ongoing support and advice to the business on financial crimes issues, and alert management on risks
• To participate in GFCC review of High Risk clients KYC information
• To participate in GFCC testing of the AML , Sanctions and KYC controls
• To implement the group procedures and systems for the AML
This role will cover Switzerland Private Bank line of business out of Geneva and Zurich. The successful candidate will be reporting into the Head of Geneva GFCC Compliance.
Qualifications:
· Minimum of 2 years experience in the financial services industry – preferable Private Banking business
· Relevant experience of Compliance activities particularly in relation to AML/ Sanctions preferred
· Good understanding of risk analysis processes
· Bachelor's degree (or equivalent) required or evidence of comparable academic / work achievement
· Strong interpersonal, communication, leadership, presentation and influencing skills
· Analytical mind
· Ability to prioritize multiple tasks, work under pressure and meet tight deadlines
· Ability to summarize complex topics concisely and drive practical outcomes
· The ability to make sound decisions, including escalation when appropriate, in regard of AML or sanction risk
· Evidence of working on the delivery of projects or implementing process change required
· To work without supervision and act on own initiative to identify tasks to be undertaken.
· Language capabilities : French, English, German a plus
JPMorgan Chase Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase Co. is an Equal Opportunity Employer.
If you would like to pursue a career with JPMorgan Chase Co.'s in Switzerland, please apply online providing a cover letter and CV in English.
Due to legal restrictions, we will only be able to consider applications from applicants with a valid Swiss work permit, or holding a Swiss or European nationality
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