Do you have extensive knowledge of trade products including but not limited to commercial (import & export) and standby letters of credit, documentary collections, bank to bank reimbursements, supply chain finance, trade loans, and open accounts? If so, this is the team for you.
As an Associate – Operation Risk Control - Trade & Working Capital Operations within the Trade & Working Capital Operations team at JPMorgan Chase, you will be an expert in Global Trade products with a strong emphasis on Risk and Controls. You will work directly with internal partners and external clients, primarily in an advisory capacity and investigate and provide decisions on transaction escalations daily due to a variety of risk drivers. You will also provide technical consulting to Trade Operations and internal partners regarding problem trade transactions and new business opportunities by making risk mitigating recommendations and formulating the business’ response.
Job responsibilities
- Work directly with internal partners and external clients, primarily in an advisory capacity, investigate and provide decisions on transaction escalations daily due to a variety of risk drivers: Sanctions / Money Laundering / Boycott / Export Control / Fraud / complex terms, etc.
- Follow the strong culture in the team that promotes & grows our values.
- Provide technical consulting to Trade Operations and internal partners regarding problem trade transactions and new business opportunities by making risk mitigating recommendations and formulating the business’ response/position.
- Identify, measure, control and monitor the Global Trade transaction risk for both internal business units and external corporate clients. Limit exposure due to risks such as those resulting from human errors, transaction processing failures and fraudulent activities.
- Influence internal partners supported by Global Trade Operations: Product, Compliance, Risk, Legal, and Audit.
- Be a “Change Champion” specifically in the Global Trade Finance Risk and Controls environment.
- Provide subject matter expertise and advise on trade transformation projects when required (e.g., Digitization, Automation etc.).
Required qualifications, capabilities, and skills
- Minimum of 12 years of experience working in trade, risk, compliance or audit areas.
- Bachelor's degree or higher required.
- Extensive knowledge of trade products including but not limited to commercial (import & export) and standby letters of credit, documentary collections, bank to bank reimbursements, supply chain finance, trade loans, open account, etc.
- Expert level knowledge of ICC Rules, particularly, UCPDC, ISBP, URC, ISP, URR, along with working knowledge of SWIFT rules for 400 and 700 series messages. The role involves providing opinions on complex trade transactions, structuring LCs, opining on discrepancies on LC presentations, etc. Technical expertise is a must.
- Expert knowledge of U.S. regulations such as BSA/AML, OFAC, Anti-Boycott, Export Controls, etc.
- Detail oriented with excellent verbal and written communication skills.
- Demonstrate confidence in risk-based decision making with the ability to escalate timely to senior management. Individual must have the highest work ethics and integrity.
- Possess the ability to analyze processes, identify opportunities for improvement, and influence internal partners to implement changes.
- Possess the ability to work on multiple tasks/projects with competing deadlines. Enjoy a global team environment while being comfortable with working as an individual contributor.
Preferred qualifications, capabilities, and skills
- Certificate for Documentary Credit Specialists (CDCS) is a plus.
- CAMS certification is a plus.
- Prior experience in trade product digitization or automation is a plus.
*** This is a Monday - Friday, in office role (5 days).
*** Relocation Assistance may be available and at the discretion of Hiring Management.
