Operations - Wealth Management - KYC Analyst

In J.P. Morgan, the Wholesale KYC Operations (WKO) team 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.

As a KYC Specialist, you will partner with the client-facing teams to ensure all client records are compliant with Anti-Money Laundering (AML) and Know Your Client (KYC) regulatory standards in a timely fashion. In addition, You will own the end-to-end operational KYC activities (such as periodic renewals) of all clients and validate to ensure that all documentation provided are of the highest quality. You will review the collection and verification of data performed to ensure all KYC records are accurate and complete prior to a final review by the client-facing team. You are expected to stay current with all regulatory changes and requirements around client KYC, Suitability and Documentation.

Job responsibilities

• Exhibit the highest standards of customer service with clear transparent communication to the banker articulating on-boarding requirement and time commitments
• Single point of contact to appropriately route all queries for responsible cases, including issues around PEP, screening, regulatory, compliance, legal, operational risk
• Analyze AML risks associated with the client from a technical perspective, identify and escalate potential risks and operational issues as appropriate
• Understanding and implementation of KYC standards, guidelines, policies and procedures, communicating or escalating issues to management in a timely manner as appropriate
• Confidential handling and maintenance of sensitive client data and documentation
• Collection and verification of confidential client data via publicly available and internal sources. Build strong engagement with Banker and Client Service Teams and be part of KYC/AML interactions to complete cases as per the timeline
• Understand the firm's KYC requirements when completing documentation inclusive of Customer Identification Program (CIP), Enhanced Due Diligence (EDD), Local Due Diligence (LDD) and Product Due Diligence requirements (PDD)

Required qualifications, capabilities, and skills

• Bachelor's Degree in Finance, Economics or other related disciplines
• We are a global company whose primary business language is English and hence, fluency in English (written/verbal) is required
• At least 1 year of KYC or related experience, with strong understanding of KYC, AML and regulatory requirements (i.e. HKMA and MAS) and experience adhering to controls and compliance standards
• Strong research, analytical and comprehension skills, with ability to analyze large amounts of data and documents
• Relevant experience covering either Corporate, Banks, Trusts, Funds, NBFIs, NOAHs, Regulated Pension clients
• Possess strong computer skills: Microsoft Office Suite including Excel, Word and PowerPoint

Preferred qualifications, capabilities, and skills

• KYC experience within the Wealth Management sector or Commercial or Investment Banking Sector is preferred
• Ability to grasp/learn concepts, procedures and accept feedback, and use it to build deeper knowledge of processes and client relationships through strong partnership with the client-facing team
• Detail-oriented and analytical; Able to perform gap analyses of requirements and documentation, and draft a communication for the client-facing team to send the client regarding any additional information needed to complete due diligence reviews.
• Ability to work both independently and as a team in a fast-paced production environment
• Fluency in written/spoken Mandarin is preferred as the candidate may be handling Chinese cases