JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity.
Business Description JPMorgan Chase Bank is a global leader in the financial services industry, offering intelligent solutions across comprehensive and cutting edge global product platforms. You will be surrounded by smart, driven people like yourself, who in line with the highest standards of integrity, combine innovation and analysis to achieve industry leading results and recognition in accordance with the business principles fundamental to our success.
The JPMorgan Asia Global Financial Crimes Compliance Team (GFCC) is responsible for implementation and oversight of Anti-Money Laundering ["AML"] and sanctions initiatives for the firm's businesses in Asia. JPM is required to comply with US OFAC regulations and sanction programs of Asia regulators. Compliance teams work closely with business, legal, risk, and audit functions to provide expertise on regulatory compliance matters, assess and measure compliance and related risks, and monitor and test the adequacy of the firm's compliance control environment.
The APAC Sanctions team sits within the GFCC group. The APAC Sanctions team primary focus is to monitor, investigate and escalate transaction and clients screening against required sanction lists for the APAC region. In addition to screening, advise and consult to the LOBs is a major function. Other general functions include list maintenance, metrics, capacity planning, special projects, strategic initiatives, control and oversight responsibilities, and people management. This position will span all APAC locations and all Lines of Business (LOB) within each location. This individual will ensure key partnerships are forged with appropriate Compliance teams globally, LOB staff, the firms Control functions and any other group appropriate to role. In addition to the core responsibilities, this role may also provide back up or emergency cover for transaction screening process (business as usual function); performing review of wire transfers, trade finance transactions and Investment bank transactions and perform necessary research to determine true sanctions matches. This position will report to the APAC Regional Sanction Manager.
Specific responsibilities include:
Manage the APAC Sanctions Escalation team, who are responsible for performing research on transactions stopped on the firm's sanctions screening systems to establish if any true matches to sanctioned entities.
Work with the Regional Sanctions Officer in:
reviewing clients and transactions for potential sanctions issues.
performing the necessary research and query to determine the sanctions requirements in Asia and US/ EMEA.
Provide oversight and control to:
Global Sanctions Standards communication requirement
Recertification of APAC Sanction procedures and SLA
Target state projects from central teams
Sanction list application (transactions & client)
Risk and Control Self Assessment ("RCSA") for APAC Sanctions
Internal audit request and own audit points where applicable
Communicate and coordinate with In-Country Sanctions Officers within APAC region as appropriate.
Feed and participate in functional governance sub committees as appropriate - regional and global level.
Provide oversight and control to APAC Sanction metrics.
Establish working relationships with other key stake holders across the firm.
Help with structure and organization of the APAC Sanctions team.
Identify and execute areas to improve efficiency, control and governance within the team.
Identify training needs across the APAC Sanctions team.
Work on ad-hoc projects or requests from Management.
Strong communication skills - the successful candidate will be required to communicate clearly various groups across the firm (verbal & written)
Strong control and operational risk mindset
Highly organized and detailed
Strong analytical ability and logical thinking. Ability to identify issues related to sanctions accurately and offer solutions.
Attention to detail.
Have the initiative to find information to substantiate an opinion. Where required, be able to provide recommendations on compliance sanctions processes.
Knowledge of banking industry and cash management and corresponding banking business
Knowledge of US OFAC and Asia sanctions requirements
Experience in Supervisory, Management and/or Team Leadership role a must.
Strong conflict resolution, problem solving skills & quick decision-making ability.
Ability to establish and execute against strategic direction for the team.
Deliver coaching, performance development and identify training needs of the group.
Flexible and adaptable -
Asia region spans multiple time zones, the role will interact with other regions so flexible and adaptable approach to liaise with and join conference calls with different time zones is essential.
New projects and working groups are set up all the time, priorities may change very quickly. Need to be able adapt and be flexible to cope with a changing and fluid environment.
Team player with ability to build strong cross-business relationships - proven flexibility, adaptability, and reliability.
Proven ability to handle multiple projects with minimal oversight with the flexibility to adapt to changing priorities to meet business needs
Must be results oriented and have strong organizational skills with the ability to manage multiple priorities
Strong speaking and writing abilities in English. Strong speaking and writing ability in local language (if applicable) will be a strong plus.
Internal Number: 4785535
About J.P. Morgan
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