JPMorgan Corporate - Financial Crimes Compliance Associate 

Colombia, Bogota 

955571088

As a Colombia Financial Crimes Associate you will work as a member of the regional Global Financial Crimes Compliance (GFCC) team and the local Colombian Compliance team, assisting in the continued development and implementation of GFCC initiatives, including the coordination and analyses of new business initiatives’ requirements (NBIAs) and business/product and legal entity risk assessments.

Job Responsibilities:

• Execute the Colombian AML program, ensuring adequate coverage as the business expands including, though not limited to:
  • Developing and maintaining local AML (SARLAFT) policies and procedures, being cognizant of new AML laws, regulations and industry best practice of the jurisdiction
  • Aiding in the development of, and coordinating, internal training programs
  • Alert management and investigation of potentially suspicious activity
  • Ensuring timely escalation of issues including the preparation of local management data/ metrics and governance information for the Regional GFCC Operating committee
  • Analyzing and reviewing new high risk and specialized client types’ KYC as part of the Onboarding process
• Lead the coordination of regional NBIAs, preliminary analyses and requirements definitions for new products and/or initiatives, including pre-determination checklists and risk reviews. Analyze and measure AML relevant risks through a consistent global and regional approach for all new initiatives.
• Participate in strategic working groups analyzing GFCC controls relating to new segments (Fintech, e-commerce, etc.)
• Manage AML and Sanctions risk assessments regionally, covering line of business and legal entity-focused reports across Latin America, ensuring local regulatory requirements are incorporated where appropriate.
• Work with internal groups including partnering with LOB Compliance, Legal, Client Onboarding, Operations, Audit and Risk to ensure consistent understanding of requirements as well as establishing effective relationships with the Business.
• Liaise with internal auditors and examiners where required
• Participate in regional and GFCC level projects and initiatives, partnering with other regional teams and Global Financial Crimes Compliance.
• Represent the region on various global AML/Sanctions/LOB committees.

Required qualifications, capabilities, and skills:

• Bachelor’s Degree in Finance, Business Administration, Economics, Engineering or equivalent
• 3+ years AML Compliance or related experience
• Knowledge of regulatory concepts including, but not limited to, the Bank Secrecy Act, Office of Foreign Assets Control sanctions, the USA PATRIOT Act and Colombian SARLAFT regulatory requirements
• Ability to use information effectively and have an eye to detail
• Demonstrated skills in risk assessment. The ability to make sound decisions, including escalation when appropriate
• Well organized and able to execute responsibilities; ability to prioritize multiple tasks and bring tasks to completion within established timeframes
• Excellent communication skills - both verbal and written English and Spanish
• Proficient in MS Office (Outlook/Word/Excel/Access/PowerPoint)