Vice President, Private Banking GFCC Investigations, Hong Kong
Location: HK-Hong Kong-Hong Kong-One Island East / 31141
JP Morgan Chase Asia regional Anti Money Laundering (AML) Compliance Team is responsible for implementation and oversight of AML and sanctions initiatives for the firm's businesses in Asia. You will expect to engage mostly with the Private Bank.
J.P. Morgan's Private Bank offers expertise across wealth management disciplines to help ultra high net worth clients advance toward their goals. Private Bank is organized in four global regions: Asia, Europe and the Middle East, Latin America, and the United States.
The successful candidate will be expected to:
- Provide centralized surveillance to detect patterns of money laundering
- Identify and report suspicious activities in accordance with filing requirements.
Specific responsibilities includes:
Disposition the automated and manual cases through investigative processes
Use a variety of intelligence, data sources, and tools to investigate activity that has been associated with money laundering or the financing of terrorism.
Identify and refer Significant SARs to Legal
Prepare and file suspicious activity reports in accordance with local laws
Presenting recommendations to senior Compliance members for discussion; and articulating arguments to substantiate recommendations and presenting arguments in writing
Serve as primary interface with the lines of business and law enforcement for all AML investigation related matters
Deal on a timely basis with enquiries from Regulators, Law Enforcement Bodies and internally from the business
Provide updates to senior management on the overall effectiveness of program
Assist in managing a team of experienced investigators and the expansion of the team ensuring appropriate skill sets
Conduct AML/CTF related investigation trainings to investigators, other compliance members or the lines of business when required
Produce, review and act on Monitoring & Investigations related management information at an APAC level as required per firm's MIS reporting framework
Implement and maintain relevant inspection and repair (quality control) processes
Assist with establishing and maintaining functionally-aligned, but managerially-segregated quality testing (quality assurance)
Assist in implementation of global TM&I policies and procedures in Asia, both with business and within Asia GFCC team
Assist with and manage implementation of AML related projects and support other AML units on an ad-hoc basis
Strong management and leadership skills, including effective project management abilities
Good communication and organizational skills
Strong analytical ability and logical thinking
Independent decision maker, able to make time-sensitive assessments
Ability to work under pressure
- Occasional travel may be expected
Law / Accounting / Business / Finance Degree
Minimum 7 - 8yrs of relevant Compliance management experience in Risk or AML related discipline preferably with a global financial institution
Sound knowledge of AML / Financial Crime regulations in APAC, including in-depth practical experience in implementing/advising on AML Monitoring & Investigations and SAR filings
- Knowledgeable in Microsoft applications - Excel, Word and PowerPoint.
- Able to speak and write in English fluently. Fluent writing ability in Cantonese and / or Mandarin will be a plus.
- Anti Money Laundering (AML)
- Cash Management
- Fund Accounting
- Microsoft Excel
- Microsoft Powerpoint
- Microsoft Word
- Operational Risk
- Project Management
- Quality Assurance
- Quality Control
- Risk Management
- Wealth Management