J.P. Morgan is a leading global financial services firm, established over 200 years ago:
We are the leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management.
We have assets of $2.5 trillion and operations worldwide
We operate in more than 100 markets.
We have more than 243,000 employees globally.
Our wholesale businesses include J.P. Morgan’s Asset Management, Commercial Banking and the Corporate & Investment Bank which provide products and services to corporations, governments, municipalities, non-profits, institutions, financial intermediaries and high-net worth individuals and families.
Our corporate functions support the entire organization and include the following functions: Accounting, Audit, Finance, Human Resources, Operations, and Technology.
Job Description Summary : KYC specialist
- The primary responsibility of the KYC specialist is to complete end to end client onboarding and renewal KYC records to regulatory standards with high quality and while meeting tight deadlines.
- This includes engagement and relationship management with Front Office, GFCC, and other external stakeholders in order to satisfy Corporate and Local Due Diligence requirements for various client types.
The KYC Specialist will own the end to end client onboarding and renewal of KYC records to ensure regulatory standards (global / applicable local regulations) with high quality and while meeting tight deadlines.
The Client Onboarding Officer will assist with the drafting and gathering of client documents and make independent recommendations regarding AML risk at a client level prior to final review by the client-facing team.
The Client Onboarding Specialists are expected to stay current with all regulatory changes and requirements around client KYC, Suitability and Documentation.
Serves as the primary point of contact for Front Office client representatives to:
obtain all necessary supporting evidence to fulfill end-to-end on-boarding requirements
obtain Client Owner sign-off on KYC record completions
review status of key client onboarding’s and renewals and prioritize open requests.
Analyzing and understanding complex client structures and explaining them to colleagues across the business, and able to escalate appropriately any risks identified during the documentation review process.
Utilizing all available tools to verify consumer purpose and legitimacy.
Manage and facilitate client due diligence, including coordinating the participation of JPMorgan stakeholders who have KYC responsibilities
Effectively address any issues that might be escalated by either internal or external customers
Act as a KYC and AML subject matter resource for KYC due diligence teams
Discuss and escalate with Compliance complex issues surrounding client types and structures, financial products and services, and other AML risk-related issues
Advising on documentation requirements to external and internal stakeholders.
Record findings and provide supporting documentation to enrich each KYC due diligence case
Manage prioritization and Assessing risk and ensure timely escalation
Interacts with key stakeholders such as Legal, Compliance, Credit and Operations to develop strong partnerships, escalate issues, eliminate roadblocks and ensure continuity of flow across the groups.
Engage with Quality Control (QC) to close the feedback loop on quality checked records and make corrections to KYC record. Strive for high quality in completing KYC records.
Report progress status as required
Keep informed of and apply any changes to processes and procedures and regulatory change.
Knowledge of AML/BSA/KYC or financial services industry is preferred
Graduates in B.Com/B.A - Preferably having first class pass percentage
Work experience of 24 – 36 months in conducting institutional KYC
Working knowledge of KYC/Compliance/AML procedures and standards
High level Knowledge of multiple client / entity , product types
Risk orientation and awareness to risk management principles
Excellent communication skills (verbal and written). - Ability to draft case summary & able to interact with Front Office representatives in order to facilitate KYC record completion.
Demonstrated strengths in:
Research and analysis
Time management, work organization, and follow up
Attention to detail and a focus on work accuracy
Flexibility to adapt to changing priorities and business needs, and able to work well in a fast-paced environment
Proficiency in Microsoft Office Suite
Candidates should be flexible to work in night shifts (Timings might vary according to Business requirement
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