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Global Trade & Working Capital - Associate

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JP Morgan Chase & Co.

15d ago

  • Job
    Full-time
    Expert Level
  • Consulting
    Banking & Finance
  • Mumbai

AI generated summary

  • You must have 10 years in trade/risk/compliance, expert knowledge of trade products and ICC rules, U.S. regulations, strong communication skills, and the ability to analyze and improve processes.
  • You will assess trade transaction risks, provide advisory support, deliver training, interact with regulators, and lead trade transformation initiatives while collaborating with internal partners.

Requirements

  • 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.
  • Bachelor's degree or higher.
  • Ability to operate in a complex, high-pressure, highly regulated environment in support of high-risk processes.
  • Minimum 10 years of experience working in trade, risk, compliance or audit areas.

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.
  • 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.
  • Interface with and Influence internal partners supported by Global Trade Operations: Product, Compliance, Risk, Legal, and Audit.
  • Create and deliver the Trade training program: CDCS certification, re-certification, targeted Trade Regulatory Compliance training, risk roundtable forums with internal partners or external clients.
  • Be a “Change Champion” specifically in the Global Trade Finance Risk and Controls environment.
  • Leader in the Global Trade Industry and represents JPMorgan Global Trade in industry groups/forums.
  • Directly interact with regulators in exams, reviews, issues, and ad-hoc requests.
  • Provide subject matter expertise and advise on trade transformation projects when required. (e.g. Digitization, Automation etc.)

FAQs

What is the primary role of an Associate in the Trade Operations Transaction Control team?

The primary role involves working directly with internal partners and external clients to investigate and provide decisions on transaction escalations, emphasizing risk and controls.

What qualifications are required for this Associate position?

Candidates must possess extensive knowledge of trade products, expert-level knowledge of ICC Rules, U.S. regulations, and a minimum of 10 years of experience in trade, risk, compliance, or audit areas.

Is a specific certification preferred for this role?

Yes, having a CDCS or CAMS certification is considered a plus.

What skills are essential for success in this position?

Essential skills include excellent verbal and written communication, risk-based decision-making, the ability to analyze processes, and the capacity to manage multiple tasks with competing deadlines.

Will the Associate interact with external regulators?

Yes, the Associate will directly interact with regulators in exams, reviews, issues, and ad-hoc requests.

What kind of training program will the Associate be responsible for creating and delivering?

The Associate will create and deliver training programs such as CDCS certification, targeted Trade Regulatory Compliance training, and risk roundtable forums.

What does being a "Change Champion" entail in this role?

Being a "Change Champion" entails leading initiatives specifically in the Global Trade Finance Risk and Controls environment to foster improvements and ensure compliance.

Is a bachelor’s degree required for this position?

Yes, a bachelor's degree or higher is required for this position.

What is the work environment like for this role?

The work environment is collaborative, supporting a global team atmosphere while also allowing for individual contributions in a complex, high-pressure, and highly regulated setting.

What type of projects might the Associate provide expertise on?

The Associate may provide subject matter expertise on trade transformation projects, including digitization and automation initiatives.

JP Morgan Chase & Co.

Finance
Industry
10,001+
Employees
2000
Founded Year

Mission & Purpose

For over 200 years, JPMorgan Chase & Co has provided innovative financial solutions for consumers, small businesses, corporations, governments and institutions around the world. Today, we're a leading global financial services firm with operations servicing clients in more than 100 countries. Whether we are serving customers, helping small businesses, or putting our skills to work with partners, we strive to identify issues and propose solutions that will propel the future and strengthen both our clients and our communities. © 2017 JPMorgan Chase & Co. JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.

Benefits

  • Healthcare and Insurance Plans

    Our employees are entitled to a variety of healthcare insurance plans, ranging from medical, dental and vision, to life and accident, disability, before-tax spending accounts, and group legal services.

  • Wellness Programs

    We are committed to providing employees with exceptional care — including arranging wellness screenings and assessment as well as access to health coaches, counseling, and guidance services for our employees.

  • Employee Programs

    Programs offered to eligible employees include parental leave, back-up child care services, flexible work options, matching gifts, discounts on banking services, electronics, arts and entertainment, fitness programs, travel and more.

  • Family Care

    We know how important your family's health is to you so we offer a variety of healthcare packages that cover you and your partner, your children and your parents.

  • Hybrid Working Model

    Dependent on the needs of the business and the nature of the role, JPMorgan Chase offers a hybrid work model for some roles, with at least three days on-site.