Compliance Officer Associate

Compliance Officer - Gift City Plc Branch - Associate

Be part of a dynamic team that ensures our operations meet the highest standards of compliance. Your expertise will help safeguard our reputation and support our continued growth in India. 

Business Description

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the World's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at http://www.jpmorganchase.com/.

As an IFSC Banking Unit (IBU) in GIFT City it is regulated by International Financial Services Centres Authority. As a Foreign Portfolio Investor (FPI), the IBU will also comply with SEBI FPI regulations and any applicable RBI regulations.   

Compliance, Conduct & Operational Risk (CCOR) works closely with these lines of business to assist with the management of specific risks. CCOR plays the vital role of challenging the firm’s business controls infrastructure for completeness (e.g. against regulatory requirements) and adequacy (e.g. in terms of strength and performance). 

Job Summary

As an Associate in the Compliance team, you will be responsible for supporting regulatory compliance for J P Morgan Securities PLC, GIFT City (IBU).

Job Responsibilities

• Responsible for implementation of compliance framework for IBU and providing Compliance Conduct and Operational Risk (CCOR) coverage to IBU. 
• Implement the firm’s AML & CFT programme for IBU. Working closely with the business, operations, and other compliance partners to ensure that the AML/ CFT / Sanctions programme are implemented as per the firm’s policies and standards, as well as local laws and regulations.
• Provide regulatory guidance and advisory to the business/operations teams and other stakeholders regarding regulatory changes as well as existing regulations.
• Evaluate compliance with relevant regulations, including AML, KYC (impacting the regulatory licenses held by IBU), monitor and identify issues or gaps. 
• Handle regulatory exams and be the primary contact for regulators during such exams.
• Provide updates to the IBU’s Governing Body on regulatory developments as well as represent compliance on various legal entity governance forums.
• Engage with IFSCA, SEBI, Exchanges and relevant regulatory authorities for exam/ inspection and other RFIs as well as for regulatory clarifications. 
• Participate in various advocacy initiatives with IFSCA, SEBI and exchanges.
• Handle the escalation of alerts from AML or Trade surveillance team.
• Review policies pertaining to IBU based on regulatory changes / requirements.
• Work with various regional teams and provide them with necessary updates regarding local regulations.

Required Qualifications, Capabilities, and Skills

• 10 plus years of experience in the Financial Services Industry 

Preferred qualifications, capabilities, and skills

• Chartered Accountant, Master’s degree, Company Secretary or other closely related professional qualification will be beneficial.
• Experience working in Compliance role at an IFSC Banking Unit (IBU), Fund Management Entity (FME), or Exchange within IFSC will an advantage.
• Experience in handling SEBI FPI / ODI regulations or AML /CFT regulations are an added advantage.

JPMorganChase, 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. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

Experience Level

Senior Level