| Job Description: |
Job Description
KEY OBJECTIVE OF THE JOB
The AML & Sanctions team is responsible for AML monitoring and sanctions screening for all EMEA booked business across the TSS, IB and Commercial Bank businesses.
PRINCIPAL RESPONSIBILITIES (INCLUDING MEASURES)
* To review, investigate and disposition alerts generated by AML monitoring systems based on AML knowledge, judgment and appropriate research; fully documenting evidence and conclusions.
* Prepare and present materials to the monthly EMEA Anti Money Laundering Monitoring Committee which contains the EMEA MLRO and Frankfurt MLRO.
* Provide monthly reports to EMEA branch Compliance Officers, enabling them to evidence to their local regulators the AML monitoring completed, being conscious jurisdictional SAR requirements.
* Raise AML queries to EMEA clients based on AML reviews undertaken in all three regions, and to analyse responses received back.
* Review of IB third party payment and unusual trade activity reports for identification of unusual activity.
* Understand AML typologies and therefore unusual activity to ensure appropriate levels of escalation.
* Complete reviews of Post Office Card Account monthly filters report to identify accounts requiring escalation to government agencies.
* Ad hoc or enhanced reviews at the request of the MLRO, line of business Compliance or AML & Sanctions manager.
* Make decisions on potential sanction matches escalated to Compliance. This includes all EMEA Payment channels, MHS, Assets under custody, Trade Business and POCA (Post Office Card Account) accounts.
* Understand regional sanction and OFAC requirements to correctly apply to escalated items.
* Identification and creation in sanctions filters of bad guys based on analysis of potential matches.
* Identification and creation in sanctions filters of good guys and rules to effectively manage volumes, whilst not creating sanctions risk.
* Report rejected and blocked transactions / accounts to local sanction governing bodies (e.g. OFAC 10 day report) for EMEA booked business.
* Respond to ad hoc Sanction queries from LOB and Compliance.
* Develop and deliver appropriate training (sanction and focused AML) to LOBs.
* Review of repetitive transactions non compliant with the EU Wire Regulation to determine appropriate action.
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Qualifications
JPMorgan offers an exceptional benefits program and a highly competitive compensation package.
JPMorgan is an Equal Opportunity Employer.
J.P. Morgan serves one of the largest client franchises in the world. Our clients include corporations, institutional investors, hedge funds, governments and affluent individuals in more than 100 countries. J.P. Morgan is part of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with assets of $2.1 trillion. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of clients and consumers under its J.P. Morgan and Chase, and WaMu brands.
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