Associate II - Alternative Fund Services AML/KYC
at J.P. Morgan
Posted 17 days ago
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As an AML/KYC Senior Associate on the Alternative Funds Transfer Agency team, you will perform timely review and updates of investor Anti-Money Laundering and Counter Terrorist Financing documentation for new and existing accounts. You will manage onboarding and cyclical KYC reviews, identify potential money laundering and reputational risks through screening and transaction monitoring, and validate KYC files. The role includes coaching and training team members, managing queries and email workflows, and ensuring the AML/CFT framework is comprehensive, robust and compliant with regulatory and contractual obligations. Strong operational risk awareness and the ability to coordinate across central and business-aligned functions are required.
- Compensation
- Not specified
- City
- Brooklyn
- Country
- United States
Currency: Not specified
Full Job Description
Location: Brooklyn, NY, United States
This is an exciting opportunity to join our global Alternative Funds Team within the Transfer Agency Department as a Senior Associate.
As an AML/KYC Senior Associate within our Alternative Funds Team, you will act as a member of a dedicated AML team within the Transfer Agency Department whose primary responsibility will be to perform timely and efficient review and update of both new and existing Investor Anti-Money Laundering & Counter Terrorist Financing (AML/CTF) information and documentation, all with adherence to Regulatory and JPMorgan Group requirements.
Job responsibilities
- Assist with cyclical reviews and Onboarding of all Investor accounts on the Transfer Agency systems including verification of team members work and providing feedback when required
- Identify investors that may create money laundering or reputational risks including but not limited to ongoing transaction monitoring, screening for PEP, Sanctions and Negative Media
- Participate in ensuring excellent client service provided to clients, may include technology needs, regulatory requirements
- Continually proactively assess current procedures and work practices to identify potential operational inefficiencies and additional risk mitigation control requirements
- Validate KYC files
- Support in training efforts
- Manage Email box and queries
- Oversee the AML/CFT framework within TA, ensuring it is comprehensive, robust and compliant with contractual and where relevant, regulatory obligations
- 5 + years AML / CTF experience in the financial services industry with exposure to globally diverse investor base
- Good understanding of applicable AML/KYC regulations as it relates to Risk Assessments and Investor Onboarding and general understanding of regulatory requirements for U.S. & Cayman Funds administered by JPM, ensuring it is comprehensive, robust and compliant with contractual and where relevant, regulatory obligations
- Strong analytical, organizational skills with operational and risk awareness mindset, escalation and attention to detail
- Strong interpersonal, communication and influencing skills, ability to assist in coaching team members
- Self-starter with strong work ethic and ability to act on own initiative within team environment to proactively identify, own and progress tasks to be undertaken.
- Ability to build strong working relationships with central and business aligned functions across the region and co-ordinate delivery across functions
- Display effective time management and ability to prioritize tasks for oneself. Adherence to ensuring policy and procedures are followed and ensuring escalation of any potential issues within the KYC environment
- Team lead experience
- Preferably direct Transfer Agency experience and knowledge of alternative investment funds.
- Demonstrated expertise in Investor AML/KYC onboarding and ongoing maintenance.
