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Wholesale KYC Operations - Banking Middle Office Analyst

JPMorganChase

JPMorganChase

IT, Operations
Mumbai, Maharashtra, India
Posted on Thursday, July 11, 2024

Job Description

CIB Operations – WKO Banking Middle Office – Corporate & Investment Bank - Analyst

Description

About J.P. Morgan Chase & Co.

JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City. JPMorgan Chase is ranked by S&P Global as the largest bank in the United States and the seventh largest bank in the world by total assets, with total assets of US$3.213 trillion.

Information about J.P. Morgan is available at www.jpmorganchase.com

About J.P. Morgan’s Corporate & Investment Bank

J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With nearly $20 trillion of assets under custody, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.

Department Description

Within the Corporate Investment Bank, the WKO Banking Middle Office (WKO MO) 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 MO team operates in close partnership with Bankers, Operations, Credit, Legal and Compliance to provide ecient and timely on-boarding of new/existing client relationships to the JP Morgan infrastructure.

Job Summary

The WKO MO partner will be responsible for managing the Front Office relationship for business requests in KYC Onboarding, Remediation and Renewals. The Analyst /Associate will be required to facilitate the end to end client onboarding process, ensuring all due diligence documentation is sourced and delivered to the KYC Production team to incorporate into the KYC platform.

Key Responsibilities:

  • Manage new business requests received from the Front Office and facilitate the KYC process end to end
  • Act as an SME and Due Diligence expert to guide clients through the KYC requirements and variation of documents which may fulfil due diligence requirements
  • Conduct in-depth analysis on the ownership structure of the client on publicly available sources (not limited to company registries) or client documentation, and seek additional confirmation or approvals as required
  • Work closely with the Front Oce and potentially direct with clients as required, to obtain all necessary supporting evidence to full KYC due diligence
  • Follow up with KYC production teams to ensure onboarding is completed within agreed timeframes
  • Liaise regularly with the business to conduct workload planning, review status of key onboardings and prioritize open requests
  • Frequently interact with key stakeholders such as Legal, Compliance, Credit and Operations to develop strong partnerships, eliminate roadblocks and ensure continuity of information flow across the groups
  • Assist Relationship Managers with overnight screening, client exits and any other KYC related tasks as required
  • Manage personal workload and priority items and ensure timely escalation of key risks/issues to management
  • Keep informed of any changes to processes and procedures, regulatory change and ensure open verbal dialogue with colleagues across the region
  • Identify and execute process improvements, provide guidance and support on key process and technology initiatives to the business

Qualifications

Skills 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.)
  • Knowledgeof financial industry with in-depth expertise in various lines of business (Corporate Investment Bank and heritage lines of business)
  • Strongverbal and written communication skills
  • Strongtime management, organizational, relationship building skills
  • Quality client focus, strong controls mind-set and strong customer service skills(e.g. oral and written communication skills)
  • Prior experience of adhering to controls and compliance standards
  • Ability to grasp/learn concepts and procedures quickly

Qualification & Experience:

  • Knowledge of KYC & Client onboarding is preferred with at least 2-4 years’ experience (Audit, Control, Risk, AML, and Research may also be areas of experience)
  • B.S. Degree or equivalent