KYC Analyst recruitment
Background
In response to regulations and policies in the USA Patriot Act to identify high-risk customers, JPMorgan
Chase adopted the Global Anti-Money Laundering Policy in 2005, an AML risk-assessment process to identify high-risk clients that require enhanced due diligence. As part of this policy, each line of business is responsible for being aware of the services being used by its customers, for properly knowing its customers, and for deterring customers from using products and services that are either illegal or might damage the firm's reputation in any way.
Department Description
The Treasury Services KYC (Know Your Customer) and AML (Anti-Money Laundering) Group is responsible for supporting the Treasury Services sales organization (WHEM, EMEA, Asia and Latin America) and various lines of businesses across the firm to manage and improve the Treasury Services AML/KYC process from end to end.
Description
While overall responsibility for client KYC and AML lies with the Client Relationship Managers and/or Sales Officers, the KYC Analyst is responsible for supporting the KYC customer identification, data collection, recording, quality assurance and renewal processes.
KYC Analyst is responsible for:
- Setting up the SKYC template and establishing correct background definition (including determining customer type)
- Assisting Sales in the KYC Renewal process and monitoring/tracking KYC outstandings in order to ensure these KYCs are completed within set target dates
- Ensuring underlying reference data is correct (e.g. Client Central, Cognos, ownership) following through account closings etc.
- Documenting history of doing business with the bank
- Documenting account level details i.e. where accounts held, and for existing customers documenting the values and volumes across the account
- Reviewing databases for adverse media coverage
- Obtaining attestations from other Lines of Business within JPMorgan where applicable
- Working with sales officers to collect supplemental data and entering that into the KYC system
- Using the KYC system reports, tracking progress and outstanding - reporting that to sales managers on a regular basis
- Highlighting any issues either in collecting data for specific relationships and or overall progress and reporting to sales managers
- Participating in meetings, possibly in conjunction with WHEM and EMEA to identify overall progress, issues etc.
- Conduct project management including UAT related activities
- Provide user feedback during system enhancements and UAT
- Provide training and guidance on KYC and related matters
- Conduct and/or manage other additional tasks/ projects as they may arise
Skills
- Degree holder, preferably with minimum 3 years of experience in client services or project management
- Strong interpersonal skills with ability to communicate at all levels
- Customer, internal control and compliance focused
- Fluent English communication skills (verbal and written)
- Excellent team player with good problem solving skills
- Ability to multi-task and work under pressure
- Strong analytical skills with close attention to detail
- Self motivated and able to work independently
- A fast learner, be able to learn quickly
- Good time management and ability to meet deadlines
- Willing to attend phone meetings outside normal Asia business hours occasionally
- Proficiency in Microsoft Office and desktop applications
- Basic understanding and appreciation of Anti Money Laundering/ KYC laws and requirements in the region relating to client on-boarding as well as a basic understanding of US Laws (such as USA Patriot Act) but not a must