Wealth Management – KYC Analyst

JPMorganChase; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

Join a leading financial institution as a KYC Analyst, where you will manage the KYC process, ensuring compliance with AML regulations. Collaborate with client-facing teams and provide guidance to enhance operational efficiency. This role requires strong analytical skills and the ability to build relationships across various stakeholders.

Qualifications

• At least 3 years of KYC or related experience.
• Strong understanding of KYC, AML, and regulatory requirements.

Responsibilities

• Manage the entire KYC process, ensuring client profiles are accurate.
• Analyze AML risks and escalate potential issues.
• Build relationships with Compliance and Banking Teams.

Skills

Client Management

Analytical Skills

Leadership

Research Skills

Education

Bachelor’s Degree

Job description

1 week ago Be among the first 25 applicants

Job Description

In J.P. Morgan, the Wholesale KYC Operations (WKO) team plays a critical role in ensuring that as an organization, we are compliant with multiple regulations, in order to protect the bank’s reputation and financial assets.

As a Wealth Management – KYC Analyst within the KYC team, you will be responsible for managing the entire KYC process, ensuring that all client profiles are completed accurately and promptly. You will collaborate with client-facing teams to guarantee all client records adhere to Anti-Money Laundering (AML) and Know Your Client (KYC) regulatory standards. Your role will involve close cooperation with Bankers/Banking Team, Line of Business (LOB) Operations, and Compliance, managing the relationship to facilitate timely client response and feedback. You will also be expected to stay updated with all regulatory changes and requirements related to client KYC, Suitability, and Documentation.

Job Responsibilities

1. Exhibit the highest standards of customer service with clear transparent communication to the banker articulating requirements and time commitments
2. Be the single point of contact handling the KYC and also facilitate queries, including issues around PEP, screening, regulatory, compliance, legal, operational risk
3. Analyze AML risks associated with the client, identify and escalate potential risks and issues as appropriate
4. Comprehend the KYC risk factors and to summarize the overall risk of the client
5. Conduct in-depth reviews of a client profile to identify and succinctly articulate gaps requiring Banker/Client resolution. Document and update the client KYC record with high quality, meeting timelines in advance of due date
6. Build strong relationships as the primary interface with Compliance, Quality Control, Banker/Banking Team, and LOB Operations to clearly communicate challenges, risks, client asks, and eliminate roadblocks to meet timelines
7. Act as a role model to drive high quality output. Provide guidance/training to team members to foster an environment of continuous improvement and high performance
8. Keep informed of any changes to processes, procedures, and regulatory change. Make decisions that are effective and well-grounded based on guidelines, policies, and insights

Required Qualifications, Capabilities, And Skills

• Bachelor’s Degree
• At least 3 years of KYC or related experience with strong understanding of KYC, AML and regulatory requirements (i.e., HKMA and MAS)
• Experience covering Individuals, Corporate, Banks, Trusts, Funds, NBFIs, NOAHs, Regulated Pension clients
• Ability to work independently and as part of a team, contributing effectively under a fast-paced environment with a strong sense of ownership and responsibility
• Outstanding client management, partnership building, leadership, and experience dealing with multiple stakeholders, including handling escalations and driving resolutions
• Strong research, analytical, and comprehension skills, with the ability to critically analyze client risk/controls
• Quick learner of concepts, procedures, and systems to identify and drive process improvements

Preferred Qualifications, Capabilities, And Skills

• KYC experience within Wealth Management / Private Banking sector
• Fluency in written/spoken Mandarin to support Chinese-speaking clients
• Understanding of the firm’s KYC requirements, including CIP, EDD, LDD, SpDD, and PDD

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 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 value diversity and inclusion. We are an equal opportunity employer and do not discriminate on any protected attributes. We make reasonable accommodations for religious practices, mental health, or physical disabilities. Visit our FAQs for more information about requesting accommodations.

About The Team

J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services, and payments, serving clients in more than 100 countries. We provide strategic advice, raise capital, manage risk, and extend liquidity worldwide.