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KYC Operations Analyst

JP Morgan


Location:
Warszawa, Woj. Mazowieckie 00-941
Date:
12/28/2022
2022-12-282023-02-25
Job Code:
210360595
Categories:
  • Financial Services
  • Customer Service
  • Engineering
  • Government
  • Retail / Wholesale
  • Healthcare
JP Morgan
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Job Details

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

  • Demonstrate strong independent responsibility and extensive knowledge in working with international AML compliance-related issues
  • Ability to identify & deem relevancy of public records, as it relates to customer information
  • Possess an in-depth understanding of AML typologies inherent in individual clients and large multinational corporations and exercising sound judgment and observe the highest degree of confidentiality in handling the information received while discharging their responsibilities
  • Conduct a thorough investigation to establish the presence of AML typologies through an extensive review of transactions, determine any correlations or anomalies in the data based on reasonable expectations and prior experience and ascertain if activity between originators and beneficiaries have valid economic purpose based on their investigation & findings
  • Make a judgment on the risk, based on all findings. Determine if any unusual or high risk activity/information needs to be further investigated
  • Independently produce complete and accurate reports of their investigations, findings, decisions and recommendations for use by LOB and KYC Officers
  • Proactively identifies opportunities to refine a process and increase operational efficiencies
  • Be part of the holistic client review team to follow up on outstanding alignment items within various LOBs and/or GFCC to close loop on the alignment
  • Work on other migration/remediation projects including Screening resolution , other LOB holistic alignment or Quality Assurance
  • Assist with training and coaching as needed

Qualifications

  • European languages Spanish, French, German, Italian highly desirable
  • Educated to Bachelor™s or Master™s Degree level
  • Knowledge of KYC is essential with at least 3-5 years™ experience (Audit, Control, Risk, AML and Research may also be areas of experience)
  • Knowledge of BSA/AML, and other AML regulatory policies, with a strong understanding of AML typologies, geography, products, customer type and expected type of activity in order to effectively identify risk and unusual activity
  • Proficiency in investigative techniques and pattern recognition and previous success in complex analysis and investigation with unstructured data populations
  • Understanding of the banking industry, especially correspondent banking
  • Exceptional research and analytical skills with the ability to analyze large amounts of data; decipher higher risk attributes (transactional, geographical, product, customer type, etc) and to identify trends and potential high-risk activity, and to document conclusions appropriately
  • Must be able to work and contribute effectively in stressful situation
  • Client focused with strong customer service skills (e.g. oral and written communication skills)
  • Ability to multi-task and meet deadlines against a high volume work schedule
  • Possess strong computer skills: Microsoft Office Suite including Excel, Word and PowerPoint
  • Ability to work both independently and as a team in a fast paced production environment
  • Flexibility of operating hours to include overtime, holidays, and weekend testing
  • Drives results through leadership, people, communication and influence
  • Comfortable with change, ambiguity, debate, conflict and informed risk taking
  • Exposure to project management & process improvement techniques will be an added advantage

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

  • Demonstrate strong independent responsibility and extensive knowledge in working with international AML compliance-related issues
  • Ability to identify & deem relevancy of public records, as it relates to customer information
  • Possess an in-depth understanding of AML typologies inherent in individual clients and large multinational corporations and exercising sound judgment and observe the highest degree of confidentiality in handling the information received while discharging their responsibilities
  • Conduct a thorough investigation to establish the presence of AML typologies through an extensive review of transactions, determine any correlations or anomalies in the data based on reasonable expectations and prior experience and ascertain if activity between originators and beneficiaries have valid economic purpose based on their investigation & findings
  • Make a judgment on the risk, based on all findings. Determine if any unusual or high risk activity/information needs to be further investigated
  • Independently produce complete and accurate reports of their investigations, findings, decisions and recommendations for use by LOB and KYC Officers
  • Proactively identifies opportunities to refine a process and increase operational efficiencies
  • Be part of the holistic client review team to follow up on outstanding alignment items within various LOBs and/or GFCC to close loop on the alignment
  • Work on other migration/remediation projects including Screening resolution , other LOB holistic alignment or Quality Assurance
  • Assist with training and coaching as needed

Qualifications

  • European languages Spanish, French, German, Italian highly desirable
  • Educated to Bachelor™s or Master™s Degree level
  • Knowledge of KYC is essential with at least 3-5 years™ experience (Audit, Control, Risk, AML and Research may also be areas of experience)
  • Knowledge of BSA/AML, and other AML regulatory policies, with a strong understanding of AML typologies, geography, products, customer type and expected type of activity in order to effectively identify risk and unusual activity
  • Proficiency in investigative techniques and pattern recognition and previous success in complex analysis and investigation with unstructured data populations
  • Understanding of the banking industry, especially correspondent banking
  • Exceptional research and analytical skills with the ability to analyze large amounts of data; decipher higher risk attributes (transactional, geographical, product, customer type, etc) and to identify trends and potential high-risk activity, and to document conclusions appropriately
  • Must be able to work and contribute effectively in stressful situation
  • Client focused with strong customer service skills (e.g. oral and written communication skills)
  • Ability to multi-task and meet deadlines against a high volume work schedule
  • Possess strong computer skills: Microsoft Office Suite including Excel, Word and PowerPoint
  • Ability to work both independently and as a team in a fast paced production environment
  • Flexibility of operating hours to include overtime, holidays, and weekend testing
  • Drives results through leadership, people, communication and influence
  • Comfortable with change, ambiguity, debate, conflict and informed risk taking
  • Exposure to project management & process improvement techniques will be an added advantage

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