JPMorgan Chase & Co. Alabama, USA
Sep 21, 2017Full time
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with 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. Information about JPMorgan Chase & Co. is available at , J.P. Morgan's Corporate & Investment Bank is a global leader across banking, markets and investor services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. Further information about J.P. Morgan is available at . JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer. With a diverse team of Compliance professionals supporting all areas of our business around the globe, the team is working diligently to be innovative and present all business partners with thoughtful and unique solutions to the challenges they face. The Compliance function has a robust set of priorities in place focused on best practice and employee development to ensure goals are delivered. The Role The Global Financial Crimes Compliance (GFCC) is responsible for developing and implementing the requirements and standards for the Firm's Enterprise-Wide Anti-Money Laundering and Sanctions Programs. 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. As part of the Global Financial Crimes team, the EMEA Sanctions team is responsible for ensuring compliance with the firm's global sanctions processes, including advising the various LOBs on sanctions issues, conducting sanctions investigations, providing sanctions oversight, and handling sanctions escalations within the EMEA region. This includes coordinating the day-to-day compliance with U.S. sanctions program within the region, as well as the global point of contact for compliance with the UK, EU and other sanctions programs which operate across the various booking locations within the EMEA region. The team works in partnership with colleagues in US and Asia 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 The successful candidate will work as part of the Global Sanctions Screening team within Global Financial Crimes Compliance (GFCC), managing the day to day running of the initial review team in the overall EMEA Sanctions Escalations function., * Direct management of 7 individuals in a team of 14 Compliance Analysts whose role is principally to support the review of production transactions across the various lines of business which are escalated to Compliance daily as suspect items against OFAC, HM Treasury, EU or other sanctions programs. * Responsibility for developing and building a team of Sanction SME's to include: recruitment, training and development of team members, performance appraisals (1:1's and mid/end of year reviews) Quality testing, productivity review and identifying improvement areas, providing coaching where necessary. * Responsibility and accountability for the quality and timeliness of the escalation review process for the initial review function within EMEA Sanctions Compliance. * Ensure that area operates a sound control environment, regular controls and procedures are followed , that a zero-tolerance environment for sanctions breaches is maintained and LOB/Market cuts are met where possible * Build a strong working relationship with key internal partners who are part of the end to end payment and screening process, based across multiple locations and time zones. * Escalation point for enquiries and issues raised by internal stakeholders across various Lines of Business, Compliance or other teams. Responsible for ownership and resolution of stakeholder concerns and issues associated with the adherence to OFAC and other sanctions programs, including managing internal stakeholder expectations. * Ability to work effectively with key internal stakeholders representing EMEA Sanctions Compliance including collaborating closely with Lines of Business to support with new client on boards, ensuring all service expectations are met. * Identify and implement improvements to team functionality, processes and procedures, and controls using metrics, key risk indicators and results of quality assurance. * Play an active and positive role in the Sanctions Escalation Compliance Management team and other broader GFCC functions regionally and globally * Lead and/or participate in project teams and other performance improvement initiatives. * Develop a good working knowledge of HM Treasury, EU, OFAC and other sanctions programs in order to support ad hoc queries raised by business partners and their customers. * Previous experience of managing a team of professionals preferred * Knowledge of banking / payment processing, especially familiarity with SWIFT payment message structures required. * Relevant experience of Compliance activities particularly in relation to AML/ Sanctions required. * 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.