CIB Operations - KYC Analyst Client Onboarding - Professional - Dubai

Job description

Wholesale Client Onboarding – Client Aligned Maker, Dubai

Department Description

Risk & Controls remains a key focus within the banking industry. The Corporate Investment Bank, Know Your Customer (KYC) team plays a critical role in ensuring that as an organization, we are compliant with multiple regulations, in order to protect the bank's reputation and financial assets. JP Morgan is developing their Global Operating Model to provide a business wide process for the delivery of KYC across all Lines of Business in every Region.

The Wholesale Client Onboarding (WCOB) team operates in close partnership with Sales, Operations, Credit, Legal, Compliance and Quality Assurance to provide efficient and timely renewal of existing clients and on-boarding of new client relationships to the JP Morgan infrastructure.

Job Summary

The Client Aligned Maker will be responsible for owning the end-to-end delivery of KYC across New Business and/or Renewals in team aligned to one or more clients. The Client Aligned Maker will be required to create or renew, and complete the client KYC records, incorporating all due diligence documentation into the KYC platform. This process includes client initiation, solicitation of credit approvals / facility set-up, completion of KYC, periodic reviews and hand-offs to Compliance, Legal, and Product / Account Set-up. The WCOB Team will solicit documentation from the client directly to support client reference data and KYC requirements. They will support third party client due diligence (i.e., beneficial ownership) and will conduct research and request supporting evidence for name screening and negative news cases.

The successful candidate will be familiar with working in an analytical environment and possess the ability to review , and evaluate complex and lengthy documents in order to ensure full adherence to the business and regulatory requirements. The candidate will be expected to manage and review information flows between the Client and Front Office staff and have a detailed knowledge of the specified client types, the related products to that client type and jurisdictional due diligence requirements.

The individual must have proven experience in producing quality work in a pressurized environment and the ability to promote excellence, diversity, quality, respect, inclusivity and drive their own self development. The Client Aligned Maker will be a pro-active person, with strong attention to detail and the ability manage multiple tasks in their workflow. Effective communication skills are a key part of this role as it requires building and maintaining strong working relationships , with stakeholders , in a challenging environment.

Desired profile

Key Responsibilities:

· Manage new requests and renewal requests received from the Front Office and / or the client and oversee the end to end on-boarding process

·  Work closely with the Front Office and potentially direct with clients as required, to obtain all necessary supporting evidence to fulfill KYC due diligence
·  Finalize KYC profiles ensuring accuracy, completeness and validity, incorporating multiple risk factors in compliance with global and local regulatory requirements
·  Package all information requirements and KYC profiles on behalf of the Front Office staff for their review and approval
·  Interact with key stakeholders such as Legal, Compliance, Credit and Operations to develop strong partnerships, eliminate roadblocks and ensure continuity of information flow across the groups
·  Partner with fellow WCOB colleagues – Utilities, Relationship Managers, Quality Control, and Quality Assurance – with the collective aim of ensuring accuracy and a positive client experience
·  Manage personal workload and priority items and ensure timely escalation of key risks/issues to management
·  Keep informed of any changes to processes and procedures, regulatory change and ensure open verbal dialogue with colleagues across the relevant region to which they are assigned
·  Identify and execute process improvements, provide guidance and support on key process and technology initiatives to the business
·  Strive for no less than a 95% Quality Control first time pass rate across the WCOB group