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Corporate - EMEA Compliance - Financial Crimes Compliance - AML Investigations – Associate

Req #: 170103063
Location: Bournemouth, ENG, UK
Job Category: Compliance
Potential Referral Amount: 3500 Pound Sterling (GBP)
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with 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. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at http://www.jpmorganchase.com/.
 
Role Description:
 
The Global Financial Crimes Compliance (“GFCC”) Anti Money Laundering (“AML”) Investigations Team is responsible for identification, investigation and reporting of suspicious transactions. The team investigates AML alerts and cases for Europe, Middle East & Africa (“EMEA”) booked business to support decision making in regard of filing Suspicious Activity Reports to law enforcement.  
The AML Investigations Team is primarily responsible for timely review, investigation and disposition of AML alerts/cases.
This role is within our team responsible for investigating cross line of business AML alerts/cases. The team works in partnership with colleagues in US and Asia Compliance, EMEA in-country Compliance/GFCC teams and client-focused staff in the lines of business.
The alerts/cases result from:
  • Systemic alerts/cases generated by the core transaction monitoring platform.
  • Referrals from other sources such as the business, law enforcement or other financial institutions.
  • Proactive investigations arising from self-generated leads or Financial Intelligence Unit (“FIU”) initiatives
Responsibilities:
  • Responsible for ensuring the assigned alerts/cases are investigated and disposition within expected timeframes.
  • Undertake client and company research using in-house databases and publicly available information to identify whether the activity is unusual, and ultimately support the decision-making process regarding reporting to Law Enforcement.
  • Escalate unusual activity cases to the EMEA Financial Crimes Monitoring Committee (“FCMC”) meeting with relevant country Money Laundering Reporting Officers (“MLROs”).
  • Draft Suspicious Activity Reports (“SARs”) for submission to Law Enforcement.
  • Provide feedback and escalate issues identified from AML investigations into clients’ due diligence documentation and risk categorisation.
  • Actively develop knowledge of criminal methods and AML typologies, applying these characteristics through interrogation of transaction data to identify unusual activity.
  • Participate in proactive investigative projects in support of national, regional or global priorities and initiatives, including engagement with external partners.
  • Develop subject matter expertise through knowledge, research and training, leading to new investigative approaches to uncover unusual activity.
  • Share knowledge and experience through briefings, presentations and written products.
  • Participate in ad hoc projects and enhanced reviews, including supporting regulatory enquiries and line of business Compliance.
  • Participate in the development of goals and execution of strategies within the department
Qualifications/Skills:
 
  • Previous experience of AML investigations, financial crimes compliance or a related position preferred.
  • Strong academic background or work achievements.
  • Experience in the finance industry, financial regulation, law enforcement or intelligence analysis, with a specific interest in AML and Terrorist financing.
  • Understands applicable products, customers and expected type of activity in order to effectively identify risk and suspicious activity.
  • Strong investigative skills and an analytical mindset, including proven problem solving ability.
  • Demonstrated skills in risk assessment. The ability to make sound decisions, including escalation when appropriate, in regard to AML risk.
  • Self –starter, capable of working with minimal supervision.
  • The ability to prioritise conflicting demands, organise one's agenda and work under pressure.
  • Relationship management skills to deal with management and build partnerships with other departments.
  • The ability to work in teams and the readiness to share knowledge.
  • Ability to follow procedures, maintain standards and controls.
  • Strong interpersonal, verbal and written communication skills
  • Intermediate to advanced proficiency in Excel, particularly experience in handling large volumes of quantitative data.

JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer.    

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