Description
Compliance Analyst - JP Morgan
Temporary Contract - 12 months (maternity cover)
The Role
The Global Financial Crimes team is responsible for handling Anti Money Laundering (AML) and Sanctions escalations and investigations and for providing Know Your Customer (KYC) Compliance support to EMEA's Corporate & Investment Bank (CIB) businesses. In addition the team provides regional oversight for other lines of business within EMEA for Global Financial Crimes Compliance activities and issues.
The team's role is part of the financial crime objective to:
- Identify suspicious activity and report to law enforcement
- 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 Financial Crimes Compliance, local EMEA in-country Compliance teams and client focused staff in the lines of business.
As a result of the routine screening of JPMorgan's day to day transactions with its customers, a proportion of that activity is escalated as sanctions related suspect items which require further review and analysis by Compliance in order to ensure compliance with both our legal obligations and company policy
Duties and Responsibilities
- To support the review of production transactions across the various CIB businesses which are escalated to Compliance daily as suspect items against OFAC, HMT, EU or other sanctions programs. The major part of the role on a day to day basis is the processing of payments and other transactions escalated within the Fircosoft FMF and Global Sanctions Manager systems. This can be either in the live screening queue or in the post screening queue.
- To develop a good working knowledge of HMT, EU, OFAC and other sanctions programs in order to support ad hoc queries raised by CIB business partners and their customers.
- To adhere to regular controls and procedures to ensure that a zero-tolerance environment for sanctions breaches is maintained
- To provide regular metrics to senior management and colleagues in other Compliance teams globally as required
- To investigate and resolve problems associated with the adherence to OFAC and other sanctions programs in a timely and customer focused manner
- To work without supervision and act on own initiative to identify tasks to be undertaken.
- To work on small projects as sole contributor or member of a wider project team, representing Compliance and providing added value as required
- To keep procedures up to date
- To identify opportunities to promote greater efficiencies within the process
Requirements/Qualifications
- Knowledge of banking/payment processing, especially familiarity with SWIFT and other payment message structures required.
- Relevant experience of Compliance activities particularly in relation to AML/Sanctions preferred.
- Bachelor's degree (or equivalent) required or evidence of comparable academic/work achievement
- Interest in subject matter and background knowledge in world political and economic events as it impacts foreign policy objectives useful.
- Analytical mind
- Excellent attention to detail
- Ability to prioritize, work under pressure and meet tight deadlines
- Demonstrated skills in risk assessment. The ability to make sound decisions, including escalation when appropriate, in regard of AML or sanction risk
- Problem management skills
- Strong interpersonal, presentation and organization skills
- Able to execute responsibilities with minimal supervision
- Ability to prioritise multiple tasks and bring tasks to completion within established timeframes.
- Clear and concise verbal and written communication.
- Proven in-depth PC skills, good working knowledge of excel/access/VBA would be advantageous.