Commercial & Investment Bank - AML & Sanctions Risk Assessment Senior Associate

Location: BOURNEMOUTH, DORSET, United Kingdom

Job Family: Program Management

About the Role

At JP Morgan Chase, we are a leading global financial services firm with operations spanning 100+ countries, and our Commercial & Investment Bank (CIB) plays a pivotal role in providing innovative solutions to corporations, institutions, and governments. As a Risk Assessment Senior Associate in the AML & Sanctions team based in Bournemouth, UK, you will join a dynamic group dedicated to safeguarding our institution against financial crime. This role is central to executing the annual AML & Sanctions Risk Assessment, where you will analyze risks across CIB activities such as lending, capital markets, and advisory services, ensuring our practices meet stringent regulatory standards like those from the FCA and OFAC. Your work will directly contribute to maintaining JP Morgan's reputation as a trusted partner in the financial services industry, mitigating threats from money laundering, sanctions evasion, and terrorist financing in an increasingly complex global landscape. In this position, you will collaborate closely with compliance officers, business leaders, and risk experts to gather comprehensive data on client portfolios, transaction patterns, and jurisdictional exposures. You will apply advanced risk assessment techniques to quantify inherent risks and evaluate the effectiveness of our control frameworks, producing actionable insights that inform strategic decisions. This involves leveraging JP Morgan's proprietary tools and methodologies to model scenarios, such as the impact of geopolitical events on sanctions compliance, and ensuring all assessments align with our firm's 'Firmwide Risk Appetite Statement.' The role demands a proactive approach to staying abreast of regulatory evolutions, including updates to the EU's AML directives or emerging digital asset risks, allowing you to recommend enhancements that strengthen our defenses. Joining JP Morgan Chase means becoming part of a culture that values integrity, innovation, and inclusion. In Bournemouth, you will benefit from our state-of-the-art facilities and a supportive team environment that fosters professional growth. This Senior Associate role offers significant opportunities for impact within a prestigious institution, where your expertise in financial crime risk will help protect billions in assets and support ethical banking practices worldwide. If you are passionate about risk management in the financial services sector and ready to contribute to one of the world's most admired firms, this is your chance to advance your career at JP Morgan.

Key Responsibilities

• Support the execution of the annual AML & Sanctions Risk Assessment for the Commercial & Investment Bank, including data collection and analysis across business lines
• Identify and evaluate inherent and residual risks related to money laundering, terrorist financing, and sanctions violations in client onboarding, transactions, and operations
• Collaborate with cross-functional teams, including compliance, legal, and business units, to gather insights and validate risk assessment methodologies
• Develop and maintain risk assessment documentation, ensuring alignment with JP Morgan's enterprise risk management standards and regulatory expectations
• Conduct scenario analysis and stress testing to assess potential impacts of evolving AML threats on CIB activities
• Prepare executive summaries, reports, and presentations for senior management and regulatory submissions
• Monitor regulatory changes and industry trends to recommend enhancements to the risk assessment process
• Assist in training and awareness programs for AML & Sanctions risks within the CIB
• Support ad-hoc risk assessments and investigations as needed
• Ensure compliance with internal policies and contribute to continuous improvement of risk assessment tools and processes

Required Qualifications

• Bachelor's degree in Finance, Business Administration, Risk Management, or a related field
• Minimum of 5 years of experience in AML, sanctions compliance, or financial crime risk assessment within the banking or financial services sector
• Strong understanding of global AML regulations, including FATF standards, UK FCA guidelines, and US OFAC sanctions requirements
• Proven experience in conducting risk assessments and producing detailed reports for senior stakeholders in a financial institution
• Certification such as CAMS (Certified Anti-Money Laundering Specialist) or equivalent professional qualification in compliance or risk management
• Proficiency in data analysis tools and risk modeling software used in financial compliance
• Eligibility to work in the UK with no restrictions

Preferred Qualifications

• Advanced degree (Master's or MBA) in a relevant discipline
• Experience working in a multinational bank like JP Morgan Chase, specifically in Commercial & Investment Banking divisions
• Knowledge of emerging risks such as cryptocurrency laundering and geopolitical sanctions impacts
• Prior involvement in regulatory audits or examinations related to AML and sanctions
• Familiarity with JP Morgan's internal risk management frameworks and tools

Required Skills

• Expertise in AML and sanctions compliance frameworks
• Proficiency in risk assessment methodologies and quantitative analysis
• Strong analytical and problem-solving abilities
• Excellent communication and stakeholder management skills
• Knowledge of financial products in Commercial & Investment Banking
• Data visualization and reporting using tools like Excel, Tableau, or Power BI
• Attention to detail and ability to handle complex, confidential information
• Project management skills for coordinating multi-team initiatives
• Regulatory interpretation and application in a global context
• Adaptability to fast-paced, high-stakes environments
• Team collaboration and leadership in cross-functional settings
• Familiarity with compliance software such as Actimize or similar
• Critical thinking for identifying emerging risks
• Proficiency in Microsoft Office Suite, particularly Excel and PowerPoint
• Ethical judgment and integrity in handling sensitive financial data

Benefits

• Competitive base salary and performance-based annual bonus
• Comprehensive health and wellness benefits, including private medical insurance for employees and dependents
• Generous pension scheme with employer contributions
• Flexible working arrangements, including hybrid options in Bournemouth
• Professional development opportunities through JP Morgan's learning programs and tuition reimbursement
• Employee stock purchase plan and other financial wellness perks
• Paid time off, including 25+ vacation days, parental leave, and volunteer time off
• Access to on-site fitness facilities and employee assistance programs

JP Morgan Chase is an equal opportunity employer.