Quality Control Analyst

JPMORGAN CHASE BANK, N.A.; Singapore; On-site; SGD 55,000 - 75,000; Full time

Job summary

A leading financial institution in Singapore is looking for a Quality Control Analyst to support client onboarding related to Anti Money Laundering (AML) and Know Your Client (KYC) requirements. The role involves reviewing client KYC records, ensuring compliance with regulatory standards, and collaborating with compliance teams. Candidates should have a Bachelor's Degree, relevant experience, and proficiency in written Mandarin to communicate with stakeholders in China. This position offers exposure to the wealth management industry in a dynamic environment.

Qualifications

• Minimum 1 year of experience in private banking risk management, audit, or compliance with KYC/AML focus.
• Background in internal or regulatory audit specializing in KYC/AML.
• Ability to work in a fast-paced, multitasking environment.

Responsibilities

• Review and analyze client KYC information for AML and reputation risk.
• Validate source of wealth in line with firm guidelines.
• Coordinate regulatory audits and participate in KYC/AML discussions.

Skills

Client KYC information analysis

AML and compliance knowledge

Attention to detail

Stakeholder communication in Mandarin

Education

Bachelor’s Degree in Business Administration, Finance, or Accounting

Job description

Overview

Join our Quality Control team and support all aspects of Client Onboarding to include the fulfilment of Anti Money Laundering (AML) and Know Your Client (KYC) requirements for the Wealth Management division of the firm's Asset and Wealth Management (AWM) business. As a Quality Control Analyst within the Assets & Wealth Management (AWM) Operations team, you will ensure all client KYC records are compliant with regulatory standards, and ensure high quality and timely completion of due diligence requirements for new and renewing client relationships. You will make independent recommendations regarding AML risk and escalations, acting as the first line of defense. You will collaborate with compliance and control functions, participate in KYC/AML forums, and support regulatory audits. You will also contribute to team knowledge sharing and training initiatives.

Responsibilities

• Review and analyze client KYC information to assess AML and reputation risk during onboarding and periodic reviews
• Validate source of wealth corroboration in line with firm guidelines
• Analyze complex account opening situations to identify potential issues
• Review client documentation to ensure compliance with regulatory requirements
• Coordinate with compliance and control functions on regulatory audits, requests, and initiatives
• Represent the team and participate in KYC/AML discussions, committees, and forums
• Share information, knowledge, and expertise with peers and team members
• Conduct periodic training and awareness sessions for new hires and staff

Required Qualifications, Capabilities, and Skills

• Bachelor’s Degree in Business Administration, Finance, Accounting, or equivalent
• Minimum 1 year of experience in private banking risk management, audit, or compliance, with a focus on KYC/AML
• Background in internal or regulatory audit with KYC/AML specialization
• Broad knowledge of rules and regulations for Asia jurisdictions with a focus on KYC/AML
• Strong understanding of wealth management business
• Ability to work in a fast-paced, multitasking environment
• Detail-oriented with the ability to identify and analyze issues holistically and independently
• Proven ability to handle escalations and drive resolutions
• Proficiency in written and verbal Mandarin as the role requires, including communications with stakeholders in China and interpretation of local documentation

Preferred Qualifications, Capabilities, and Skills

• Broad knowledge of rules and regulations for Asia jurisdictions, especially Hong Kong and Singapore, with a focus on KYC/AML