JPMorgan Chase Bank, NA Hiring for India front Office – Compliance – Vice President Job at Ahmedabad Full Time

• JPMorgan Chase Bank, National .Association (JPMCB)., is in the process of seeking permission to open an International Financial Services Centre (IFSC) Banking Unit at Gujarat International Finance Tec-City (GIFT City), India in terms of the Banking Regulation Act, 1949 and IFSC Authority Act, 2019.
• The business will be broadly organized along various lines, namely Currency and Emerging Markets, Global Corporate Bank, Transaction Services, Chief Investment Office, Global Trade Loan Product, Commercial Bank and Custody & Funds Services, initially commencing with Currency and Emerging Markets.. Compliance, Conduct & Operational Risk (CCOR) works closely with these lines of business to assist with the management of specific risks.

Job Responsibilities

• To support business and our strategy to provide CCOR coverage for JPMCB IFSC Banking Unit (IBU), CCOR is seeking a highly motivated individual with expertise in managing compliance matters pertaining to IBU’s activities, financial markets (particularly in foreign exchange and interest rate derivatives, fixed income securities and money market instruments) to join the team in Gandhinagar, Gujarat, India. This role will focus on advisory, monitoring, assurance and certification activities and will work closely with the business and associated support functions and will have ultimate responsibility for managing compliance matters pertaining to the IBU.
• The role also requires implementing the firm’s AML & CFT programme in India for IBU. The role will involve working closely with the business, operations, and other compliance partners to ensure that the AML/ CFT / Sanctions programme in India are implemented as per the firm’s policies and standards, as well as local laws and regulations.
• The role will focus on IBU , but will require to ensure consistency in approach with our global program. The role will involve multiple exposures & stakeholders and will require evaluating & advising on new & existing regulations.
• The role will also entail regulatory risk identification and issue management. Other aspects of the role include supporting the IBU businesses and CCOR programme in regulatory risk sensitization, regulatory dissemination, operational risk, information controls, policy formulation, performing compliance training as well as compliance monitoring & assurance.

Essential Skills/Experience/ Education or professional qualifications:

• Minimum 8+ years of regulatory and risk review management experience with a financial institution or professional firm.
• Strong product and local market knowledge of financial markets with a focus on particularly in foreign exchange and interest rate derivatives, fixed income securities and money market instruments).
• Strong control focussed review skills combined with knowledge of regulatory concepts and their practical application in operational processes and products. High interpersonal skills with the ability to build strong partnerships at all levels of seniority. Strong communication, analytical, problem-solving and organizational skills combined with the ability to articulate these skills at a senior level.
• Experience in AML/CFT matters and KYC laws will be an advantage.
• Professionally qualified. Financial, regulatory and legal qualifications would be an advantage.
• It may be noted that Compliance officer of IBU will require an authorization from IFSC Authority to carry on the role. Such authorization will be granted if the Authority is satisfied that the individual is fit and proper to be an Approved Individual and while making this assessment, the Authority will have regard to: (a) the individual’s adherence to moral and ethical principles, as demonstrated by his/her actions as an employee of the Banking company and in his/her previous employment for which information is available to the Authority (b) the individual’s competence and capability to carry out the function proposed in the IBU as demonstrated by his/her educational and professional qualifications and relevant experience. (c) the individual’s financial soundness as demonstrated by his/her assets and liabilities. (d) the individual’s proposed role within the IBU; and (e) any other matters that the Authority considers to be relevant to the application.
• IFSC Authority’s website (www.ifsca.gov.in) may also be referred for further information.

JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.