Reference: 210309245
Salary: Negotiable
Term: Permanent

Compliance Officer –Associate / VP – J.P. Morgan Channel Islands (Jersey based)

J.P. Morgan is a leader in financial services, working in collaboration across the globe to deliver the best solutions and advice to meet our clients’ needs, anywhere in the world. We operate in 150 countries, and hold leadership positions across our businesses. We have an exceptional team of employees who work hard to do the right thing for our clients and the firm, every day. This is why we are the most respected financial institution in the world – and why we can offer you an outstanding career. Information about JPMorgan Chase & Co. is available here. J.P. Morgan in the Channel Islands is aligned with the firms’ Corporate and Investment Bank’s Securities Services business. Services in this business are offered through several regulated entities with a range of financial services including fund administration, global custody and depositary services.

Our Function – With a diverse team of Compliance professionals supporting all areas of our business around the globe, the team is works diligently to be innovative and present all business partners with thoughtful and unique solutions to the challenges they face. The Compliance function has a robust set of priorities in place focused on best practice and employee development to ensure goals are delivered. Channel Islands ’s compliance team is part of J.P. Morgan’s EMEA compliance department.

Opportunity – Compliance plays a critical role in the successful execution of the firm’s compliance mission. The Compliance function ensures the development and maintenance of a strong compliance culture by developing and maintaining rules that govern our business globally. Compliance teams work closely with business, legal, risk, and audit program infrastructure that identifies, measures and monitors compliance with applicable laws, regulations and functions to provide expertise on regulatory compliance matters, assess and measure compliance and related risks, and monitor and test the adequacy of the firm’s compliance control environment. Channel Island’s Compliance team has the responsibility for oversight of the consistent implementation of Global policies & practices whilst ensuring regional and country nuances are adopted to take into account local law and regulation.

The person sought will form part of the Compliance team for JP Morgan in Jersey, which supports a number of local JPMorgan regulated entities, as well as support regional and global compliance initiatives and programs. The role will be central to the implementation of compliance practice agenda. This will necessarily require strong interaction with regional practices leads to drive consistency and ensure local considerations are adequately covered as a part of activities supported regionally.

This opportunity will suit someone with superior organisational skills and a strong regulatory and compliance or equivalent background, preferably in the following areas-

Monitoring & Testing

  • Governance and Oversight
  • Risk Assessment & Reporting
  • The role requires the building of relationships with key colleagues within all stakeholder groups especially control functions and business management.

Job functions/responsibilities

  • Partner with regional Compliance and Global Financial Crime Compliance (GFCC) as well as functions for the applicable divisional activity
  • Implement and update policies, procedures and the local Compliance/AML Manual when necessary
  • Keep abreast of regulatory and legislative changes and providing advice to enable our businesses to operate in a compliant and controlled manner
  • Develop close working relationships within the location and the broader firm to engender a culture of compliance
  • Contribute to the performance of Compliance/AML risk assessment, the testing and monitoring program, and new business regulatory reviews and where necessary coordinate within the legal entity and across other group legal entities as necessary
  • Review regulations, conduct gap analyses, and work with divisional partners to develop policies and procedures within the legal entity and across other group legal entities as necessary
  • Ability to work in partnership with the Compliance team, local Management, respective JPMorgan Boards, and other senior members of the firm
  • Act as key person (Compliance Officer, MLRO and MLCO) to several Channel Islands legal entities
  • Assist the Head of Channel Island Compliance in respect of regulatory exams, internal and external audits

Essential skills

  • Demonstrated experience in the financial services industry
  • Knowledge of Jersey/Guernsey regulations especially in fund services desirable
  • Relevant experience of Compliance or equivalent activities
  • Ability to consistently deliver high quality results Team player with strong interpersonal and influencing skills
  • Positive professional and can-do attitude
  • Ability to prioritize, work under pressure and meet tight deadlines
  • Highly developed writing skills
  • Ability to summarize complex topics concisely and drive practical outcomes
  • Proven ability to make sound decisions, including escalation when appropriate

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. 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.

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.

Contact Details

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