JPMorgan Financial Crimes Compliance Private Bank Advisory - Associate 

Luxembourg 

23559576

An exciting opportunity to support the EMEA Private Bank in respect of the firm’s financial crimes compliance framework. The EMEA Private Bank provides comprehensive wealth planning, investing and lending services to clients across the EMEA region. You will represent Financial Crimes Compliance in interactions with stakeholders from both the first and second lines of defence.

As a Financial Crimes Compliance Advisory within the EMEA Private Bank Team, you will act as a key member of a highly regarded second-line function providing support and challenge to the EMEA Private Bank business in respect of the firm’s financial crimes compliance framework. You will liaise with counterparts across a range of functions to assess the impact and risks presented by regulatory changes and new business or products for the Private Bank. You will also play an important role in the execution of the Anti-Money Laundering programme in Luxembourg. You will report directly to the Head of Financial Crimes Compliance Advisory for the EMEA Private Bank, with a dotted line to the Head of Financial Crimes Compliance in Luxembourg and will liaise with counterparts across the EMEA region.

Job responsibilities

• Provide advice, challenge and guidance to the Private Bank business regarding anti-money laundering, terrorism financing and sanctions matters, ensuring local, EU and US regulatory requirements and Global Standards are adhered to and escalating as appropriate to the Head of Financial Crimes Compliance Advisory for EMEA Private Bank and relevant committees.
• Participate in the risk assurance and assessments of new business, products, or project initiatives by providing advice from a financial crime, sanctions and KYC perspective.
• Coordinate across a range of stakeholder groups to consider the impact of local regulatory changes on the EMEA Private Bank business; for example undertaking impact assessments as they pertain to regulatory change and/or helping to co-ordinate EMEA wide compliance incorporating feedback in respect of changes to policies and procedures from relevant SMEs and branch country compliance officers.
• Engage with local authorities and external partners where appropriate.
• Identify and investigate potential rule and policy breaches, coordinating corrective action with other control functions as necessary/required.
• Keep abreast of regulatory change, industry trends and anticipating areas of focus and attention of regulators, keeping stakeholders informed through the provision of regular Management Information and ad hoc briefings as required.
• Develop and deliver training in respect of the firm’s financial crime framework, including industry developments and regulatory change.

Required qualifications, capabilities and skills

• Strong academic background or work achievements, preferably in a similar financial crime or private banking role.
• Good working knowledge of Luxembourg (including CSSF circulars), EU and US regulations.
• Proven background in assessing risk and ability to make sound decisions in respect of financial crime/terrorism financing risk, including escalation as appropriate.
• Good communication skills especially the ability to articulate complex issues to a range of audiences, including Legal and Compliance colleagues, Audit and regulatory authorities.
• Ability to consistently deliver high quality results and work in a fast-paced, dynamic and demanding environment with control focus and attention to detail along with ability to prioritize, work under pressure and meet tight deadlines.

Preferred qualifications, capabilities and skills

• Strong command of English language skills combined with French and/or German language skills preferred.