AML Associate - 12 months fixed-term contract
Join the Team that drives resolution of know your customer/anti-money laundering cases for one the world's most innovative banks!
As an Associate in the Anti-Money Laundering Team, you will be the escalation point for cases which are submitted from the Registration Unit of the Luxembourg Transfer Agency (TA) Operation. Your main function will be to perform the initial due diligence and investor identification process for the investor accounts that are escalated or to assess any applicable KYC requirement in case of changes of static data of the investor account (name change, agent, change of address extc). This includes financial crimes compliance covering anti-money laundering (AML), sanctions screening, controls regarding the financing of terrorism, bribery or corruption.
Job Responsibilities
- Process anti-money laundering (AML)/know your customer (KYC) assessments as relate to Account Opening or Account Maintenance within the applicable deadlines.
- Track pending AML /KYC documentation per investor account and per fund promoter.
- Review and respond to AML related queries across all clients within agreed time frames.
- Run, review and update AML reports and provide these reports to Clients/Investors.
- Implement and keep up to date procedures that ensure the team is compliant with all AML /KYC and Financial Crimes prevention policies.
- Support TA on complex account and/or payment related queries.
- Provide advice and guidance on regulatory requirements (internal and external).
Required Qualifications, Capabilities and Skills:
- Excellent overall knowledge of the Luxembourg Fund Industry.
- Very good understanding of local anti-money laundering laws, rules and regulations, in particular circulars and laws issued by the CSSF as relates to AML/CFT, e.g. CSSF Regulation 12-02, AML Law of 12 November 2004
- Extensive relevant Compliance, AML and data privacy experience or other related experience, e.g. legal, risk management, audit etc.
- Proven knowledge of regulatory requirements and an ability to translate them into operational/process requirements.
- Fluency in English.
- SSAE16/Long Form Report and other Audit experience.
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Preferred Qualifications, Capabilities and Skills
- German, French or other European languages would be considered a distinct advantage.
- Project Management Skills and Client facing skills would be considered a distinct advantage.
ABOUT US
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's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
Perks and Benefits
Health and Wellness
Parental Benefits
Work Flexibility
Office Life and Perks
Vacation and Time Off
Financial and Retirement
Professional Development
Diversity and Inclusion