JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, 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. JPMorgan Chase & Co.is committed to providing a comprehensive set of benefits choices to meet different employee needs and lifestyles, which include choices such as Flexible Work Arrangements with periodic work from home and non-standard business hours, fully paid parental leave time, health care insurance and retirement benefits.
Commercial Banking serves more than 30,000 clients, including corporations, municipalities, financial institutions, and not-for-profit entities with annual revenues generally ranging from $20 million to $2 billion. The Firm's broad platform positions the Commercial Bank to deliver extensive product capabilities - lending, treasury services, investment banking, and asset management - to meet our clients' domestic and international financial needs.
KYC Solutions is a firm-wide utility supporting all Lines of Business in the completion of requirements to satisfy the firm™s Know Your Customer (KYC) standards. We partner with Global Financial Crimes Compliance, all JPMorgan Lines of Business and their KYC Officers and Client Owners and other utilities such as Client List Screening and Client Reference Data Operations to support and maintain the integrity of our Client KYC information.
The KYC Solutions team is seeking a KYC Operations Professional. The role is responsible for ascertaining that all KYC and AML policies are adhered to. The KYC Operations Professional will possess strong analytical skills, the ability to work independently within a deadline, take initiative and adapt to change. In addition, successful candidates are quick learners that will be able to readily understand banking and AML concepts and issues, exercise sound judgment and observe the highest degree of confidentiality in the handling information received in connection with their responsibilities.
Job Description
The KYC Operations Professional will be responsible for producing a critical, detailed, in-depth investigative review of historical transaction activity and/or negative media reviews on clients in line with firm policy and regulatory expectations. Based on the summary of their investigation, findings, conclusions and recommendations documented in the report, the LOB Relationship Managers and KYC Officers will perform additional follow up and due diligence with the customer.
Enhanced Due Diligence is required to be performed under the firm™s KYC periodic review standards for specific client types. The objective of the review is to determine (a) if actual activity is consistent with the due diligence information collected, including the client™s stated expected activity, (b) to identify high risk patterns of activity, (c) to highlight potential areas of concern based on negative media findings or risk that require follow up or resolution by KYC team, Relationship Management or Compliance, and (d) to validate the accuracy of the KYC risk rating.
The KYC Operations Professional will assist the client-facing teams to ensure all client KYC records are compliant with regulatory standards, and will ensure high quality and timely completion of all client-level due diligence. The role will assist in end to end operational activities through the periodic renewal process of all clients. The KYC Operations Professional will assist with the drafting and gathering of client documents and verification of client data via publically available and internal sources at a client level prior to the final review by the client-facing team. This research is performed to ensure a client™s KYC profile is appropriately updated and any discrepancies or issues with the profile escalated to the appropriate lines of business.
The KYC Operations Professional will review the collection and verification of data performed to ensure all KYC records are accurate and complete prior to a final review by the client-facing team. The KYC Operations Professional is expected to stay current with all regulatory changes and requirements around client KYC, Suitability and Documentation.
Responsibilities
Qualifications
KYC Solutions is a firm-wide utility supporting all Lines of Business in the completion of requirements to satisfy the firm™s Know Your Customer (KYC) standards. We partner with Global Financial Crimes Compliance, all JPMorgan Lines of Business and their KYC Officers and Client Owners and other utilities such as Client List Screening and Client Reference Data Operations to support and maintain the integrity of our Client KYC information.
The KYC Solutions team is seeking a KYC Operations Professional. The role is responsible for ascertaining that all KYC and AML policies are adhered to. The KYC Operations Professional will possess strong analytical skills, the ability to work independently within a deadline, take initiative and adapt to change. In addition, successful candidates are quick learners that will be able to readily understand banking and AML concepts and issues, exercise sound judgment and observe the highest degree of confidentiality in the handling information received in connection with their responsibilities.
Job Description
The KYC Operations Professional will be responsible for producing a critical, detailed, in-depth investigative review of historical transaction activity and/or negative media reviews on clients in line with firm policy and regulatory expectations. Based on the summary of their investigation, findings, conclusions and recommendations documented in the report, the LOB Relationship Managers and KYC Officers will perform additional follow up and due diligence with the customer.
Enhanced Due Diligence is required to be performed under the firm™s KYC periodic review standards for specific client types. The objective of the review is to determine (a) if actual activity is consistent with the due diligence information collected, including the client™s stated expected activity, (b) to identify high risk patterns of activity, (c) to highlight potential areas of concern based on negative media findings or risk that require follow up or resolution by KYC team, Relationship Management or Compliance, and (d) to validate the accuracy of the KYC risk rating.
The KYC Operations Professional will assist the client-facing teams to ensure all client KYC records are compliant with regulatory standards, and will ensure high quality and timely completion of all client-level due diligence. The role will assist in end to end operational activities through the periodic renewal process of all clients. The KYC Operations Professional will assist with the drafting and gathering of client documents and verification of client data via publically available and internal sources at a client level prior to the final review by the client-facing team. This research is performed to ensure a client™s KYC profile is appropriately updated and any discrepancies or issues with the profile escalated to the appropriate lines of business.
The KYC Operations Professional will review the collection and verification of data performed to ensure all KYC records are accurate and complete prior to a final review by the client-facing team. The KYC Operations Professional is expected to stay current with all regulatory changes and requirements around client KYC, Suitability and Documentation.
Responsibilities
Qualifications
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