AntiMoney Laundering Compliance Officer

Job Description

Head of Global Financial Crimes Compliance (GFCC) IndiaBusiness DescriptionJPMorgan is a global leader in the financial services industry with strong positions across each of its major businesses and offering intelligent solutions across comprehensive and cutting edge global product platforms. You will be accompanied by smart, driven people like yourself, who in line with the highest standards of integrity, combine innovation and analysis to achieve industry leading results and recognition in accordance with the business principles fundamental to our success.JPM s wholesale business (Corporate and Investment Banking) is organised into two main groups (a) Banking; and (b) Markets & Investor Services.JPM s footprint in India comprises of dynamic businesses under these groups, which include the following:Banking:

1. Global Corporate Bank (GCB): GCB in India manages the firm s relationships with large local and MNC corporations, financial institutions and public sector organizations. As our clients increasingly expand into new markets and demand global banking expertise, GCB helps clients meet their objectives and challenges in financing, risk management, working capital, cash management and investments through innovative solutions
2. Investment Banking: JPM is a leading player in this segment and provides mergers & acquisitions advisory, divestitures and restructuring advice, full-service capital raising and risk management (ECM, DCM, M&A and advisory).
3. Treasury Services: JPMorgan is a full-service provider of cash management, liquidity and trade solutions to financial institutions, MNC corporations and local corporations in India. JPM is a leading clearing bank for major currencies like USD and EUR

Markets & Investor Services:

1. Fixed Income: Through its rates business, JPM makes markets, provides risk management solutions and arranges financing that help build and support corporations and financial institutions. The business consists of interest rates and derivatives products which provide tailored risk management solutions and execution to clients. JPM is a top-tier market participant for the interest rate swap market in India. JPM has been a market maker for FX, Forwards, swaps and other financial products in the foreign exchange and fixed income space.
2. Cash Equities and F&O: Solutions include offering institutional investors, client trade execution services across BSE & NSE, High Touch & Direct Market Access, fundamental research and sales services on equities and derivatives and clearing services.
3. Global Special Opportunities Group (GSOG): GSOG provides various forms of financing for companies that are underperforming relative to their true potential, or whose capital structure needs to be improved, including but not limited to purchasing and selling of non-performing loans.
4. Investor Services: JPM provides Direct Custody & Clearing Services mainly to Inbound Foreign Institutional Investors & Sub-accounts, Foreign Direct Investors and Foreign Venture Capital Investors. JPM also provides Custody, Clearing Services and Fund Accounting services to domestic Mutual Funds in India

Department DescriptionThe Asia Pacific Compliance Department supports the full range of the Firm s business in the region. It is split into regional Line of Business groups (based in Hong Kong/Singapore), which are aligned to each principal line of business and location teams which specialise in the specifics of the compliance and regulatory environment of the jurisdiction in which each is situated. Compliance support is provided by a combination of regional teams and location teams.Purpose of position:Responsible for implementing the firm s AML and anti-corruption programme in India for the Corporate and Investment Banking businesses. The role will involve working closely with the business, location Compliance & Line of Business Compliance to ensure that the AML and Anti-Corruption programmes in India are implemented as per the firm s policies and standards, as well as local laws and regulations.Key responsibilities:

• Implementing the India AML programme, including risk assessments and trainings.
• Lead the local AML investigations, including local reviews and alerts arising from regional GFCC Investigations, and resultant reporting obligations, if determined suspicious.
• As the designated MLRO for the securities entity will have to liaise closely with FIU India and the regulators for any regulatory / reporting changes or for lobbing for any rule change.
• Monitor new laws and regulations and work with business towards implementation.
• Review existing procedures and develop new procedures, systems and controls to ensure compliance with current anti-money laundering requirements.
• Provide guidance and advice to the business on their responsibility for complying with all relevant laws, regulations and firm policies, including AML and Sanctions rules and regulations.
• Manage alerts arising from local lists screening.
• Assist in the development, coordination and implementation of the AML and Sanctions training and testing programmes.
• Coordinate with relevant departments regarding regulatory AML inspections, visits and prudential meetings.
• Prepare AML reporting metrics for senior management and governance committees.
• Partner with the Line of Business Compliance Officers and location Compliance Officers to ensure they understand the AML obligations for the business / location they support.

Experience:Min 8-10 years of related experience in AML, Sanctions or related disciplines.

• An expert in India AML regulatory requirements
• Experience in regulatory investigations an advantage

Competencies

• Ability to develop and maintain productive relationships with key internal clients across all levels.
• A solution driven approach, with exemplary problem solving skills;
• Able to deliver results/meet deadlines under pressure and deal with motivated and driven bankers.
• Ability to prioritise.
• Ability to work effectively alone and as part of a team, at a local and regional level
• Good analytical ability.
• Excellent written and verbal communication skills.

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Keyskills :
drafting filing ergersacquisitions directmarketaccess cashmanagement fixedincome riskmanagement fundaccounting salesservices