AML/KYC Associate

Role Overview

The AML/KYC Associate role at JPMorganChase is a first line of defence position responsible for the onboarding of customers and fund investors in JPMAME Luxembourg domiciled funds. The team performs due diligence in accordance with applicable corporate standards and regulatory requirements.

Team members will collaborate closely with Client Service teams across various jurisdictions to determine the appropriate level of due diligence based on client type, location, and activity. Responsibilities include performing due diligence using received information/documents, updating client KYC records, conducting client and related parties screening, resolving screening alerts, and escalating exceptions. The team is also responsible for instructing Transfer Agents to open client accounts once due diligence is complete.

As an Associate, you will report to the JPMAME AML Team Manager.

Job Responsibilities

• Perform customer due diligence in accordance with established work practices, policies, and procedures during onboarding.
• Conduct periodic reviews (Refresh) on existing documentation, identifying and mitigating any gaps through independent research, online tools, or client outreach.
• Respond to stakeholders on all related queries.
• Research and analyze AML and other regulatory topics, applying sound judgment to assist in devising the department's strategy.
• Implement and enhance procedures as required by regulation or policy.
• Support the delivery of the department roadmap.
• Adhere to JPMAME established processes and procedures.
• Continuously strive to modify and iterate processes and flows to improve accuracy, reduce redundancy, and mitigate risk.

Required Qualifications, Capabilities And Skills

• Client Service: Anticipate and identify client needs; take action to meet client needs; develop effective working relationships with internal and external clients; provide excellent client service.
• Risk Aversion: Demonstrate a keen eye for details; look for and mitigate inherent and residual risks.
• Adaptability: Confidently handle day-to-day work challenges; willing and able to adjust to multiple demands, shifting priorities, ambiguity, and rapid change; shows resilience in the face of constraints, frustrations, or adversity.
• High Aptitude: Able to quickly understand technical, procedural, and functional information to solve problems and deliver information to clients and investors.
• Communicate Effectively: Demonstrate and convey an understanding of the comments and concerns of others; listen well in a group.
• Analyze and Solve Problems: Gather relevant information systematically; consider a broad range of issues or factors; grasp complexities and perceives relationships among problems or issues; include others in problem‑solving efforts when appropriate.
• Foster Teamwork: Builds effective relationships, committed to organizational goals; fosters collaboration among team members and among teams.
• Problem Solving / Analytical skills: Solid critical thinking, attention to detail and analytical skills; able to synthesize large amounts of data and formulate appropriate conclusions.
• Delivering Results: Ability to plan and organize self and work in order to achieve objectives and targets. Is determined to deliver outcomes and is able to overcome obstacles in order to move forward. Accountable for the delivery of outcomes, strives to meet and exceed the expectations of customers.
• Continuous improvement and change management mind-set, questioning conventional ways of managing the business and driving change to improve processes.
• Communication: Strong written and presentational skills; ability to clearly communicate and articulate complex messages to a variety of audiences including senior management.
• Bachelor’s degree or equivalent experience.
• Knowledge of Asset Management.
• Good understanding of the principles of compliance in the financial sector.
• Proficient in Microsoft Office Suite (Word, Excel, PowerPoint, Visio).

Preferred Qualifications, Capabilities And Skills

• Previous experience in AML KYC Compliance.
• AML qualification.

About JPMorganChase

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

About The Team

J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.

Key skills/competency

• AML (Anti-Money Laundering)
• KYC (Know Your Customer)
• Due Diligence
• Compliance
• Risk Management
• Client Onboarding
• Regulatory Requirements
• Financial Services
• Data Analysis
• Microsoft Office Suite