Wholesale KYC Operations - Financial Institutions Group - Associate

JPMorgan Chase

  • Mumbai, Maharashtra
  • Permanent
  • Full-time
  • 1 month ago
Job Description:Short DescriptionJoin the team that is supporting the client onboarding for Corporate Banking clientsPosting descriptionWithin the Corporate Investment Bank, the Wholesale KYC Operation (WKO) Associate plays a critical role in ensuring that as an organization, we are compliant with multiple regulations, in order to protect the bank's reputation and financial assets. The WKO team operates in close partnership with WKO middle office, Bankers, Operations, Credit, Legal and Compliance to provide efficient and timely on-boarding of new/existing client relationships to the JP Morgan infrastructure. The team specializes in creating customer delight experiences in the onboarding process. Key aim is to onboard clients in a process compliant and time bound manner. Demonstrating in depth KYC knowledge and regulatory requirements as well strong acumen to make informed decision that deliver to our business partners.Job Responsibilities:
  • 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.
Required qualifications, capabilities and skills :
  • 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)
Preferred qualifications, capabilities and skills :
  • 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
About Us:JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our for more information about requesting an accommodation.About the Team:The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.Operations teams develop and manage innovative, secure service solutions to meet clients' needs globally. Developing and using the latest technology, teams work to deliver industry-leading capabilities to our clients and customers, making it easy and convenient to do business with the firm. Teams also drive growth by refining technology-driven customer and client experiences that put users first, providing an unparalleled experience.

JPMorgan Chase