Wholesale KYC Operations - Financial Institutions Group - Associate
JPMorgan Chase
- Mumbai, Maharashtra
- Permanent
- Full-time
- Partner with WKO Middle Office (MO) and business to assist with the preparation, development, due diligence and approval of the electronic Know Your Client (KYC) record and supporting appendices
- Create and maintain KYC records by obtaining information from internal and external sources (firm website, regulatory websites, etc.)
- Partner with WKO MO and Compliance teams to update system information from initiation to approval of KYC record and report workflow progress to supervisor
- Review assets to ensure final approved documentation conforms to prescribed templates, style guidelines, and supports KYC policies and operational process
- Champions and adheres to the WKO Change Readiness process along with understanding and implementation of KYC standards, guidelines, policies and procedures. Collection and verification of confidential client data via publicly available and internal sources along with handling and maintenance of confidential client documentation. Ensure KYC records incorporate local regulatory requirements as per standard
- Understand the firm's KYC requirements when completing documentation inclusive of Customer Identification Program (CIP), Enhanced Due Diligence (EDD), Local Due Diligence (LDD),Specialized Due Diligence(SpDD) and Product Due Diligence requirements (PDD). Compare and contrast differences within KYC records , highlight and escalate any discrepancies
- Responsible for Knowledge Management asset impacts by participating in project work streams
- Establish working relationships and routinely interface with stakeholders, technology, subject matter experts (SMEs), compliance, and any other relevant party
- Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding JPMC, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
- Face off to compliance, screening team, other ops teams to resolve KYC exceptions and obtain approvals where necessary. Conduct client profile reviews for customer accounts. Review all information and documentation ensuring compliance with local regulation and JPMC standards.
- Engage with multiple stakeholders including Middle office, onshore makers to track exceptions and KYC completion.
- Bachelors degree or equivalent required
- Minimum of 5 years relevant financial industry experience is required
- A working knowledge of KYC/Compliance/AML procedures and standards
- Knowledge of multiple client types (i.e. Corporates, SPV, Trust, F.I.'s. etc.)
- Familiarity with global AML practices and specifically India KYC regulatory submission is required. Understanding of relevant statutory and regulatory requirements within the region in relation to Anti-Money Laundering and Counter-Terrorist Financing to facilitate sustainable solutioning of processes.
- Ability to drive issue resolution, collaborate with internal and external stakeholders to execute consistently on deliverables and communicate status updates and strategic direction.
- Knowledge of financial industry with in-depth expertise in various lines of business (Corporate Investment Bank and heritage lines of business)
- Strong verbal and written communication skills
- Strong time management, organizational, relationship building skills
- Quality client focus, strong controls mind-set and strong customer service skills
- Prior experience of adhering to controls and compliance standards