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Corporate - EMEA Compliance Turkey - Compliance Officer /MLRO - Vice President

Req #: 180024743
Location: Istanbul, 34, TR
Job Category: Compliance
Potential Referral Amount: 3500 Pound Sterling (GBP)

Job Description

The Compliance Officer located in Turkey will be the registered MLRO and Compliance Officer for JPMCB Istanbul Branch covering the Investment Bank and TSS businesses conducted in the Country.  The individual reports to Head of MENA Compliance and will be responsible for the following:


  • Provision of pro-active advice to business management in the development of policies and procedures for the Istanbul office, designed to achieve and ensure compliance with corporate and regulatory requirements, specifically the rules of the BRSA (Banking Regulator), CMB (Capital Markets Board) Borsa Istanbul (Stock Exchange) and MASAK (AML Regulator) and in addition to US rules (where applicable) and corporate policies such as the Code of Conduct;
  • Promoting a strong Compliance culture throughout these office, assisting to establish Compliance priorities with senior management and communicating these priorities effectively;
  • Assisting to maintain the regulatory relationship for the Istanbul office, and responding to regulatory notices and requests;
  • Assisting to conduct regular reviews  to verify policies and procedures conform with the latest regulations, specifically ensuring the Compliance Manuals for Turkey are kept up to date;
  • Carrying out Compliance Risk Assessment under regional guidance;
  • Preparation and delivery of a compliance training and awareness program, including compliance inductions;
  • Identifying and investigating potential rule breaches (including errors and complaints), providing options available to manage and mitigate them and  coordinating corrective action with other control functions, as /required;
  • Providing input into New Business Initiative Approvals involving business operations in the Region, assessing Compliance/Regulatory issues/impacting proposed new products and services;
  • Assist in the liaison with internal and external auditors and assist in managing responses and actioning compliance issues raised in audit reports & Control Self Assessment reviews;
  • Provide input into the Local Operating Committees, preparing reports on Compliance priorities and issues;
  • Keeping abreast of industry trends and "hot issues" and anticipate areas of focus and attention of regulators, keeping business management and Compliance colleagues informed (e.g. participation in local compliance officer network groups);
  • Co-ordinating and working as part of the EMEA regional and global Compliance team;
Position Description for MLRO / GFCC role
  • Local regulatory MLRO for the Branch;
  • Preparation and update of local AML Program, policies and procedures (as required and content defined under local AML Regulations), and implementation thereof;
  • Support local business and regional GFCC teams on various CDD requirements including interpretation of local laws, analysis of PEP and negative media matches and foreign correspondent bank assessment (e.g. AML call reports and visits with clients);
  • Ensure AML monitoring controls meets local requirements in partnership with centralised team. Execute on manual transaction monitoring, investigations and SAR filings where needed;
  • Monitoring Anti Bribery & Corruption related MIS and violations feedback, send necessary reminders in branch;
  • Operate as ‘In Country Sanctions Officer” (ICSO) as defined within the Global Sanctions Policy in regard to supporting Compliance with the Policy and operating as sanctions escalation point;
  • Carry out GFCC related risk assessments, surveys, new product and business initiative reviews, etc as may be necessary;
  • Prepare and submit to MASAK reports or data requests as may be required, as well as asset freezing inquiries / orders by MASAK;
  • Establish, prepare, carry out and monitor AML training from local perspective;
  • Carry out any other roles and responsibilities that is imposed on the MLRO role by MASAK in the related regulations;
  • Provide management information to regional and country senior management on the overall effectiveness of the program through participation in country specific governance forums;
  • Oversight of country specific interface with regional core functions: Transaction Monitoring, Investigations, Testing, Governance, Policy, Sanctions and Training.
About J.P. Morgan Chase & Co:
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 JPMorgan and Chase, and WaMu brands.
J.P. Morgan offers an exceptional benefits program and a highly competitive compensation package. J.P. Morgan is an Equal Opportunity Employer
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