What are the responsibilities and job description for the Anti-Money Laundering/Know-Your-Customer – Controls - Senior Associate position at JPMorgan Chase?
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 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. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
AML/KYC Oversight team provides oversight and guidance so that the business delivers Anti-Money Laundering (AML) and Know-Your-Customer (KYC) strategies to assure our product and our customer base are fully compliant with Bank Secrecy Act (BSA), PATRIOT Act and FINRA requirements. AML/KYC Oversight works closely with various groups, such as AML/KYC Operations, CCB and AWM lines of business, and Global Financial Crimes Compliance teams to deliver ongoing requirements for capturing, reporting and monitoring compliance with regulatory standards.
The AML/KYC team is responsible for Anti Money Laundering (AML) strategic initiatives/projects to meet regulatory obligations. This will include conducting research, analysis and providing qualitative/quantitative insights to lead and direct the projects and initiatives to meet our AML/KYC Standards. The AML/KYC Officer controls position requires completing a variety of controls activities to ensure adherence to firmwide policies and standards. Team members are responsible to be knowledgeable of AML/KYC policies and standards, Control and Operational Risk policies, and Issue Management practices to ensure initiatives are within compliance and mitigate the AML/KYC risks to an acceptable level.
This role will assist in the AML/KYC/Sanctions integration of First Republic into the Consumer and Community Banking and Private Banking businesses. The individual will work in a dynamic environment and partner with co-workers to deliver a best in class AML program, while having exposure to Managing and Executive Directors in AML/KYC Governance.
Role Responsibilities:
- Integration Strategy: Develop and execute a comprehensive integration strategy aligned with the overall business objectives, ensuring minimal disruption to ongoing operations while maximizing value creation.
- Project Planning and Execution: Lead cross-functional teams in developing detailed integration plans, timelines, and milestones. Drive the execution of these plans, monitoring progress and addressing any issues or roadblocks that arise.
- Stakeholder Management: Collaborate closely with key stakeholders across various departments and levels of the organization to ensure alignment and support for integration efforts. This includes regular communication, managing expectations, and soliciting feedback.
- Change Management: Proactively identify and manage risks, dependencies, and potential challenges throughout the integration process. Develop and implement change management strategies to facilitate smooth transitions and mitigate resistance to change.
- Resource Allocation: Allocate resources effectively to support integration activities, including personnel, budget, and technology requirements. Optimize resource utilization to achieve integration goals efficiently.
- Performance Measurement and Reporting: Define key performance indicators (KPIs) and metrics to assess the success of integration efforts. Regularly track and report on progress against these metrics, identifying areas for improvement and implementing corrective actions as needed.
- Best Practices and Continuous Improvement: Leverage industry best practices and lessons learned from previous integration experiences to inform decision-making and drive continuous improvement. Foster a culture of innovation and collaboration within the integration team.
Qualifications:
- Bachelor's degree in Business Administration, Management, or related field (Master's degree preferred).
- Minimum of 5 years of experience in project management, with a focus on mergers and acquisitions or corporate integration.
- Proven track record of successfully leading complex integration projects from start to finish, preferably within a similar industry or sector.
- Strong leadership and interpersonal skills, with the ability to influence and collaborate effectively with cross-functional teams.
- Excellent communication skills, both written and verbal, with the ability to convey complex concepts clearly and concisely to diverse audiences.
- Proficiency in project management tools and methodologies (e.g., Agile, Scrum, Six Sigma).
- PMP or similar certification is a plus.
Skills
- Business knowledge - ability to understand the business / knowledge of regulation surrounding business
- Highly organized and able to manage multiple deliverables in concert with one another
- Work autonomously to affect change - flexible, adaptable to shifting priorities; manages competing priorities to achieve the most effective result and able to work in a fast-paced, results driven environment
- Understanding root cause / identifying control breaks.
- Managing tasks, escalating issues
- Detailed oriented
Salary : $3
