As part of the Hong Kong MLRO (Money Laundering Reporting Officer) team, you will primarily support the Corporate and Investment Banking (CIB) LOB, advising on Anti Money Laundering (AML) and Countering the Financing of Terrorism Compliance (CFT) related regulations in Hong Kong for a wide range of products such as Investment Banking, Payments, Trade, and other Banking products.
As a Hong Kong Money Laundering Reporting Officer (MLRO), Associate, within the MLRO team, you will also work closely with the MLROs from other LOBs (i.e. Wealth Management and Asset Management) to ensure consistent application of the HK AML/CFT regulations and work on country level projects / assignments. You will liaise and collaborate with stakeholders across all levels from different regions, most frequently from LOB, Compliance, Legal, and other Controls partners and you will directly report to the Hong Kong CIB MLRO.
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Job Responsibilities
- Supporting the HK CIB MLROs in the ongoing implementation, development and oversight of HK AML/CFT program and related policies and procedures, to ensure JPM HK Legal entities comply with the HK AML/CFT and firmwide requirements
- Advising on all matters relating local AML/CFT laws and regulations, including rule interpretations, policy updates, new regulation implementation, and AML / Sanctions risk assessments
- Monitoring and assessing new and upcoming laws, regulations, policies procedures and products affecting country as and when they arise
- Reviewing transactions / escalations and make timely filing of the Suspicious Transaction Reports to law enforcement agencies. Perform appropriate post-filing actions
- Acting as a point of contact for information requests and examinations from regulators and law enforcement agencies
- Coordinating and preparing necessary regulatory reports, surveys and submissions to regulators in an accurate and timely manner
- Assisting in the development, coordination and implementation of the AML/CFT training and testing programs for the firm
- Working closely with other HK MLROs to ensure consistent HK AML/CFT law interpretation and requirements are applied across all JPM HK Legal entities
- Partnering with regional and global counterparts to ensure a consistent implementation of AML/CFT program across the regions
- Participating in regulatory engagements / training sessions and industry forums
Required qualifications, capabilities, and skills
- Bachelor's Degree in finance or a related discipline
- 3+ years of solid experience in compliance and AML/CFT related disciplines, preferably with a bank or non-bank financial institution
- Sound knowledge of AML regulations in Hong Kong / APAC
- Demonstrate effective communication skills. Should be able to liaise with stakeholders across functions at various levels
- Ability to prioritize, and be able to meet urgent deadlines to facilitate business needs and regulatory requirement
- Highly motivated, intuitive and take initiatives to identify potential process improvements
- Demonstrate strong work ethics and be able to thrive in a diverse and inclusive work environment
Preferred qualifications, capabilities, and skills
- Proficiency in Chinese (Mandarin and Cantonese) - speaking, reading, and writing
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
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, risk mitigation and control.