Risk Management - Global Sanctions Compliance - Senior Associate

JPMorgan Chase & Co.•Washington, DC

1d•$92,150 - $135,000

About The Position

As a Sanctions Senior Associate in the Global Financial Crime Compliance (“GFCC”) Global Sanctions Compliance ("GSC") Trade Strategy Team, you will provide meaningful guidance to lines of business (“LOB”) as it relates to internal JPMorgan Chase GFCC policies and standards as well as promote industry best practices and maintain oversight of the business execution. Your primary objective is providing support to the bank in complying with the U.S. sanctions regulations administered by Office of Foreign Asset Control (“OFAC”) and U.S. export controls administered by the Bureau of Industry and Security (“BIS”). Additionally, this role will focus on adhering to the compliance requirements under the Firm’s Sanctions Standards and will include supporting other projects/initiatives related to sanctions and export controls. This position requires knowledge and experience in OFAC sanctions regulations and/or BIS export control regulations, as well as familiarity with compliance and/or audit best practices.

Requirements

Knowledge of OFAC and/or BIS regulatory requirements;
Minimum of 5 years relevant experience working with or in Compliance, Risk Management or Audit;
Bachelor's degree or equivalent experience required;
Banking experience inclusive of knowledge on banking processes, products, and controls;
Ability to work independently on multiple assignments and meet deadlines in a fast paced environment;
Advanced problem solving and critical thinking skills;
Demonstrate strong organizational, analytical, negotiation, written and verbal communication skills with the ability to present complex information to senior management.

Nice To Haves

Proven experience and extensive familiarity working in a complex multi-national organization or environment;
Understanding of banking trade finance operations, trade finance products and processes, including letters of credit, documentary collections, guarantees, and open account trade.

Responsibilities

Acting as a point of contact for LOB sanctions compliance issues and escalating U.S. Sanctions issues to GSC leadership and Legal;
Providing guidance and support to the GSC colleagues and Operations partners on U.S. export control compliance;
Provide guidance and support to the LOBs and Operations partners on the Sanctions Standards (implementation and interpretation);
Escalating significant sanctions and export control-related issues for customer relationship and transaction due diligence reviews;
Research, analyze and provide recommended remediation efforts on Action Plans for clients/products that present sanctions and/or export control-related risks;
Support general Compliance activities and other responsibilities, including special projects, implementation and maintenance of procedures, training, and ad-hoc reporting, as assigned;
Drive cross-LOB consistency within the sanctions organization and partner with other relevant Corporate GFCC functions;
Stay abreast of industry trends and sanctions and export control changes in order to anticipate areas of focus and attention of regulators, keeping business management and Compliance colleagues informed.