Awm Operations - Edinburgh, United Kingdom - JPMorgan Chase Bank, N.A.

JPMorgan Chase Bank, N.A.

Verified Company

Edinburgh, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

JPMorgan Chase & Co.

is a leading global financial services firm with assets of more than $2 trillion, over 260,000 employees and operations in more than 60 countries.

It operates across four business segments including Corporate & Investment Banking, Commercial Banking, Asset Management, Consumer & Community Banking.

The Wealth Management division of JPMorgan Chase & Co. is part of the Asset & Wealth Management business segment.

It has offered for over 160 years customised solutions and client service of the highest quality to solve the complex needs of wealthy individuals and their families around the world.

With assets under management of $2.4 trillion, it is one of the largest asset and wealth managers in the world.

Operations Overview
Operations are uniquely positioned at the heart of all that we do.

We impact the business we undertake from end to end - involved in almost all major steps of the transaction lifecycle as well as new initiatives (account opening and KYC, products and services) and vendor management.

We work in collaboration with counterparts from all areas across Lines of Business, Technology, Finance and Corporate Functions.

Our role is all about maintaining the efficient processes our people rely on every day to do first-class business, whilst constantly striving to achieve the improvement that makes the firm one of the most respected financial institutions in the world.

The global focus on Anti Money Laundering (AML) and Know Your Client (KYC) is increasing and leading to new roles and opportunities within JP Morgan.

The firm is establishing within Operations a market-leading function to help manage the regulatory risks involved in Onboarding clients with special attention to meeting the regulatory AML and KYC requirements.

We are offering you an exciting opportunity to join a dynamic and growing team in a fast paced and challenging area.

Key Responsibilities:

The team's key responsibilities are:

Advising on documentation requirements to external and internal partners.
Review of legal, account opening and tax documentation as to whether it meets regulatory and internal policies to open or maintain an account.
Documenting clients on due diligence and related systems and updating these profiles periodically.
Taking responsibility for the endtoend onboarding process.

Team members in Edinburgh will undertake some or all of these roles depending on their role within the team.

We are presently recruiting for two roles:
Periodic Reviews team - focusing on the review and uplift of our clients' due diligence records.

Business Support Group - focusing on the update of client documentation.

The Client Onboarding Officer will support all aspects of client onboarding to include the fulfilment of Anti Money Laundering (AML) and Know Your Client (KYC) requirements.

The Client Onboarding Officer will partner with 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 requirements at the onset and renewal of client relationships.

The Client Onboarding Officer will own the end to end Onboarding of new clients and subsequent periodic renewal process of all clients. The Client Onboarding Officer will assist with the drafting and gathering of client documents and make independent recommendations regarding AML risk at a client level prior to final review by the clientfacing team. The Client Onboarding Specialists are expected to stay current with all regulatory changes and requirements around client KYC, Suitability and Documentation.
Analysing and understanding complex client structures and explaining them to colleagues across the business, and able to escalate appropriately any risks identified during the documentation review process.
Partnering with the client facing teams to collect required legal documents and associated information to meet all regulatory and internal polices
Undertake quality review of clients' KYC records
Manage and facilitate client due diligence, including coordinating the participation of JPMorgan stakeholders who have KYC responsibilities
Serve as point of contact for KYC and reporting issues for designated clients
Discuss and escalate with Compliance complex issues surrounding client types and structures, financial products and services, and other AML riskrelated issues

**What do we look for?

Attention to detail
Strong written and oral communication skills, able to influence internal and external stakeholders
Strong analytical, prioritization and organizational skills
Logical, structured approach to planning, problem solving and decisionmaking
Strong risk and controls awareness
Capacity to think laterally and convey an understanding of the big picture
Maintains a sense of urgency and ability to prioritize/multitask
Strong client focus and ability to partner with various internal groups and c