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Quality Associate

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JP Morgan Chase & Co.

14d ago

  • Job
    Full-time
    Mid Level

AI generated summary

  • You need 3+ years in AML risk management, strong analytical skills, AML knowledge, banking experience, and the ability to communicate and analyze risks effectively.
  • You will test KYC records, review data integrity, identify issues, analyze root causes, present findings, collaborate globally, and ensure compliance with regulatory standards and best practices.

Requirements

  • Strong individual contributor with a minimum of 3 years of experience in AML risk management.
  • Knowledge of AML regulations, compliance requirements, and industry best practices.
  • Must have analytical skills with the ability to assess complex client types and risk exposures.
  • Experience in banking or related industry essential.
  • Advanced analytical, communication and presentation skills.
  • Ability to articulate findings/ AML risks and escalate promptly to relevant parties.
  • Ability to conduct root cause analysis and risk analysis.

Responsibilities

  • Tests the quality of approved KYC records against Global KYC and Quality Assurance Standards and records results in the case management system.
  • Reviews the reliability and integrity of data collected and challenges the appropriateness of assumptions and made where appropriate.
  • Anticipates challenges and initiates solutions in the QA testing process.
  • Identifies key issues, risks and trends and performs root cause analysis; makes recommendations for addressing identified deficiencies or improvements to business processes.
  • Presents results to key stakeholders, tracks and monitors corrections to identified critical defects.
  • Collaborates with global partners to ensure consistency with the Global QA framework and governance approach.
  • Considers regulatory requirements and best practices to implement changes to process.

FAQs

What is the primary role of a Quality Associate in the KYC team?

The primary role is to conduct continuous reviews against internal KYC standards, procedures, and regulatory requirements to ensure quality, completeness, and accuracy of KYC profiles.

How many years of experience are required for this position?

A minimum of 3 years of experience in AML risk management is required for this position.

What specific skills are necessary for this job?

The necessary skills include strong analytical, communication, and presentation skills, the ability to assess complex client types and risk exposures, as well as the capability to conduct root cause analysis and risk analysis.

Who does the Quality Associate collaborate with?

The Quality Associate collaborates closely with the KYC Management Team, Global Financial Crimes Compliance, and the enterprise-wide control program teams.

What type of qualifications and knowledge are valued for this role?

Knowledge of AML regulations, compliance requirements, industry best practices, and experience in the banking or related industry are highly valued for this role.

Will I have the opportunity to provide feedback to stakeholders?

Yes, as a Quality Associate, you will be responsible for providing constructive feedback to relevant stakeholders based on your reviews and findings.

Is this position open to applicants from diverse backgrounds?

Yes, JPMorgan Chase is an equal opportunity employer and places a high value on diversity and inclusion, welcoming applicants from all backgrounds.

What does the onboarding process look like for this role?

The specific details of the onboarding process will be discussed upon an offer; however, it typically includes training on KYC standards, compliance procedures, and company policies.

Are there opportunities for advancement within the Quality Assurance team?

Yes, there are potential opportunities for advancement based on performance, development, and business needs within the Quality Assurance team and the broader organization.

What kind of impact does this role have on the company's operations?

The Quality Associate role contributes significantly to the integrity of banking operations by ensuring compliance with global KYC standards, which helps mitigate risks associated with financial crimes.

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JP Morgan Chase & Co.

Finance
Industry
10,001+
Employees
2000
Founded Year

Mission & Purpose

For over 200 years, JPMorgan Chase & Co has provided innovative financial solutions for consumers, small businesses, corporations, governments and institutions around the world. Today, we're a leading global financial services firm with operations servicing clients in more than 100 countries. Whether we are serving customers, helping small businesses, or putting our skills to work with partners, we strive to identify issues and propose solutions that will propel the future and strengthen both our clients and our communities. © 2017 JPMorgan Chase & Co. JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.

Benefits

  • Healthcare and Insurance Plans

    Our employees are entitled to a variety of healthcare insurance plans, ranging from medical, dental and vision, to life and accident, disability, before-tax spending accounts, and group legal services.

  • Wellness Programs

    We are committed to providing employees with exceptional care — including arranging wellness screenings and assessment as well as access to health coaches, counseling, and guidance services for our employees.

  • Employee Programs

    Programs offered to eligible employees include parental leave, back-up child care services, flexible work options, matching gifts, discounts on banking services, electronics, arts and entertainment, fitness programs, travel and more.

  • Family Care

    We know how important your family's health is to you so we offer a variety of healthcare packages that cover you and your partner, your children and your parents.

  • Hybrid Working Model

    Dependent on the needs of the business and the nature of the role, JPMorgan Chase offers a hybrid work model for some roles, with at least three days on-site.