Wealth Management, Document and Quality Control, Associate
June 7, 2018
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about J.P. Morgan is available at www.jpmorganchase.com
Document Review and Quality Control is part of the global Middle Office Operations team supporting all aspects of client Onboarding to include the fulfilment of Anti Money Laundering (AML) and Know Your Client (KYC) requirements for the Wealth Management division of J.P Morgan Chase & Co, Asset & Wealth Management business segment. Quality Control ensure all client KYC records are compliant with regulatory standards, and will ensure high quality and timely completion of all client-level due diligence requirements at the onset and renewal of client relationships. Quality Control will make independent recommendations regarding AML risk and escalations as first line of defense.
Review, analyze client documentations and KYC information and ascertain whether on-boarding or periodic review of the client will post additional AML and reputation risk.
Analyze challenging account opening situations and ascertain whether there will be potential issues.
Validate source of wealth corroboration according to firm guidelines.
Coordinate with compliance and control function where it relates to regulatory audits / requests / initiatives.
Represent the team and participate in KYC/AML related discussions, committees and forums.
Relevant experience in private banking risk management, audit or compliance, with focus on KYC/AML
Strong understanding of KYC, AML, Regulatory requirements (i.e. HKMA and MAS)
Knowledge of Private Banking industry
Ability to identify and focus on issues at a holistic level and yet be detailed oriented and independence in thinking when analyzing.
Ability to handle escalations and drive to resolutions
Excellent communication skills, fluent in English and local language ( written / verbal) as appropriate
Open minded, able to share information, knowledge and expertise with peers and team members