JPMorgan Chase Sanctions Officer - Associate in Newark, Delaware
As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.
Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers, and employees up for success.
Our Compliance teams work globally across all lines of business to advise internal stakeholders on the impact of regulatory requirements and how to balance these with the firm's needs. Their diverse mandate means they also provide input on new business strategies, product lines, policies, training, operational processes, and risk mitigation and control.
Global Financial Crimes Compliance ("GFCC") is part of our Global Compliance organization and is responsible for developing and implementing the requirements and standards for the Firm's Enterprise-Wide Anti-Money Laundering and Sanctions programs. GFCC is comprised of the core functions (KYC, Sanctions, Risk Assessment, Investigations and Transaction Monitoring), business-aligned teams, and regional teams.
This position is part of the Global Sanctions Compliance ("GSC") Oversight and Governance Team and aligns to GFCC. GSC is responsible for the oversight of the Firm's compliance with the sanction's requirements. The primary objective of the GSC Oversight and Governance Team is to support GFCC's responsibilities to protect the organization and to fulfill the Bank's OFAC and other sanctions related regulatory requirements.
The Global Sanctions Compliance Associate position implements and executes the JPMorgan Chase's Firmwide Sanctions program. You will need to exercise sound judgment and to observe the highest degree of confidentiality in the handling of information received.
Additionally, you will need to will possess a thorough knowledge of banking and OFAC/sanctions processes and governance and controls as well as be decisive, responsible, a self-starter demonstrating knowledge of sanctions and financial crimes risk.
Conduct investigations into potential sanctions concerns, including searches of transactions, and reviews of account holders looking for designated high-risk subjects and sanctioned transactions.
Coordinate with internal partners to maintain information to the bank filtering systems; maintain documentation of all identification, research, and ongoing monitoring of entities.
Drive communication and results to accomplish various deliverables and objectives.
Anticipate challenges and implement solutions in order to manage the expectations.
Perform complex sanctions related investigations on international company ownership and detailed research using multiple search tools.
Demonstrate independent judgment in drafting sanctions risk exposure analysis of international entities and verbal presentation of analysis.
Help identify areas of opportunities and efficiencies for the Restricted List team function.
Required Qualifications, Capabilities, and Skills
Bachelor's degree or equivalent experience required.
Minimum 4 years of banking/financial services.
2 years of Compliance, Operations, or Risk management experience
Knowledge of OFAC Sanctions programs, preferred.
Strong attention to detail, organizational, oral and written communication, and presentation skills.
Confident decision-making skills with the ability to articulate supporting rationale.
Possess strong computer skills: Microsoft Office Suite including Excel, Word, Access, Outlook, and PowerPoint.
JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
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. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.
The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the "WELL Health-Safety Rating" for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.
As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm's current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm's vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, discretionary incentive compensation which may be awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
Equal Opportunity Employer/Disability/Veterans