Full Description

CIB – Investor Services - Compliance Officer – to Clients 3rd Party Funds – Senior Associate or VP (Jersey, Channel Islands) J.P. Morgan is a leader in financial services, working in collaboration across the globe to deliver the best solutions and advice to meet our clients' needs, anywhere in the world. We operate in 150 countries, and hold leadership positions across our businesses. We have an exceptional team of employees who work hard to do the right thing for our clients and the firm, every day. This is why we are one of the most respected financial institutions in the world - and why we can offer you an outstanding career   Custody and Fund Services, a division of Investor Services, is a global industry leader with over $20 trillion of assets under custody.  J.P. Morgan provides innovative custody, fund accounting and administration and securities services to the world's largest institutional investors, alternative asset managers and debt and equity issuers.  J.P. Morgan leverages its scale and capabilities in more than 90 markets to help clients optimize efficiency, mitigate risk and enhance revenue through a broad range of investor services as well as securities clearance, collateral management and alternative investment services. For more information, please visit www.jpmorgan.com/wss   Channel Islands Business Overview   J.P. Morgan in the Channel Islands is aligned with the firms’ Custody and Funds Services business.  Our Channel Island offices provide a full suite of fund services to a diverse range of investment structures.  In addition to administration, global custody and depositary services we support our clients and their fund boards with corporate services including the appointment of a CO/MLCO and MLRO   Job Summary   The position is Jersey based and provides the opportunity to join a small team in a growing business. In this position you will assist our clients and their fund boards with their compliance requirements. The role presents an excellent opportunity to interact with clients, boards, senior stakeholders and to gain a detailed insight into the corporate governance and compliance requirements of funds and investment structures   Legal and Regulatory Requirements   Regulated Funds in Jersey are regulated under the Collective Investment Funds (Jersey) Law 1988 (the Law).  The Law requires the Fund to have an appointed Key Person acting as Compliance Officer, Money Laundry Compliance Officer and Money Laundering Reporting Officer (CO/MLCO/MLRO).  The appointment is subject to regulatory approval     Responsibilities   1) The CO must ensure the Fund has robust arrangements for compliance with the Applicable Regulations (Rules) and must monitor compliance with the Regulations.  The CO is the principal point of contact for the Regulator and is responsible for notification to the Regulator if a breach of the Rules occurs, or if they, and the Fund,  consider it is in the best interests of the Fund or Unitholders  to notify the Regulator of an event, whether a breach or not The CO fulfils the above requirements through the following:-

1. Preparation of a compliance monitoring program (CMP) which monitors compliance with the Rules and Fund documentation.
2. On going monthly CMP which monitors, through testing and dialogue with relevant parties, compliance with the Rules.
3. Set up and maintenance of complaints, breaches and errors register.
4. Set up and maintenance of conflicts of interest register.
5. Set up and maintenance of register of regulatory contact.
6. Assisting with the preparation and on going monitoring (at least annually) of the following:-

• Business Risk Assessment.
• Anti-money laundering Business Risk Assessment.
• Corporate Governance and Risk Management Framework.

1. Quarterly reporting to the Fund Board / Trustee / ManCO through a Compliance Report and attendance at Board /other meetings
2. Changes to Principal and Key Persons and status of regulatory approval.
3. Keep abreast of regulatory developments and advise on impact to the Fund.
4. Training and CPD status.
5. Provide advice and guidance to the Fund Board on compliance and AML related matters

  2)The CO also fulfils the Role of Money Laundering Compliance Officer and Money Laundering Reporting Officer (MLCO/MLRO) who is specifically concerned with the prevention and detection of Money Laundering and Terrorist Financing.  In addition to the above, specific tasks which relate to the MLCO/MLRO are as follows:-

1. Quarterly reporting to the Fund Board /Trustee/ManCo through an MLRO report and attendance at Board/Other meetings
2. Keep abreast of AML regulatory developments and advise on impact to the Fund.
3. AML monitoring including attempted fraud, suspicious activity reports, sanctions, investor KYC/CDD and monitoring of PEP/high risk investors.

Qualifications

• Proven experience of a compliance  or equivalent background preferred
• Knowledge of Jersey and Guernsey regulatory requirements
• Hold or be working towards a professional compliance or equivalent qualification
• A self-starter with the ability to work independently with strong written and communication skills
• Demonstrated collaborative style and ability to partner with people across a diverse and global team

  About J.P. Morgan’s Corporate & Investment Bank   J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.  Further information about J.P. Morgan is available at www.jpmorgan.com.    JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer.   To apply please use the following link https://jobs.jpmorganchase.com/ShowJob/Id/67574/CIB-–-Investor-Services-Compliance-Officer-–-to-Clients-3rd-Party-Funds-–-Senior-Associate-or-VP-(Jersey,-Channel-Islands)/  

For more information please visit https://jobs.jpmorganchase.com/ShowJob/Id/67574/CIB-–-Investor-Services-Compliance-Officer-–-to-Clients-3rd-Party-Funds-–-Senior-Associate-or-VP-(Jersey,-Channel-Islands)/.

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