About Us:
MUFG Bank, Ltd. is Japan’s premier bank, with a global network spanning in more than 40 markets. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments, and individuals worldwide. MUFG Bank’s parent, Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, the Group has about 120,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to be the world’s most trusted financial group through close collaboration among our operating companies and flexibly respond to all the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges.
MUFG Global Service Private Limited:
Established in 2020, MUFG Global Service Private Limited (MGS) is 100% subsidiary of MUFG having offices in Bengaluru and Mumbai. MGS India has been set up as a Global Capability Centre / Centre of Excellence to provide support services across various functions such as IT, KYC/ AML, Credit, Operations etc. to MUFG Bank offices globally. MGS India has plans to significantly ramp-up its growth over the next 18-24 months while servicing MUFG’s global network across Americas, EMEA and Asia Pacific
Job Profile
Position Detail:
This individual will be responsible for conducting initial screening alert reviews supporting Screening/Alert Disposition team. Individual would be responsible for monitoring and identifying potentially suspicious activity related to Adverse media, negative news, PEP hits, Sanctions etc. as it relates to the Bank’s Risk, Compliance, Operations and Specialty Lines of Business.
Screening Team are part of Client KYC Group (CKG) responsible for conducting the initial review and investigation of screening alerts for all MUFG Bank and MUFG Securities booking to EMEA region.
The individual will work under MGS leadership to ensure effective and time bound reviews are completed within required SLA.
Roles and Responsibilities:
Individual will be responsible to conduct the review of screening alerts coming through Bank’s automated monitoring system. Investigate these screening alerts and include detailed disposition as to why an alert is being closed or require escalation for further review and approvals.
These responsibilities include, but are not limited to providing support in review and investigating, the items listed below as per SOPs and may be amended from time to time:
- Review all the screening alerts from the Bank’s automated monitoring systems
- Navigate effectively across external screening system (such as Finscan, Siron, Lexis, Nexis etc.) for disposition and closure of daily alerts
- Performing basic search and checking client information through internally systems available sources/public searches which are sourced by analyst
- Retaining strong records of all information relied upon to complete a disposition of an alert
- Reviews are required to be performed in accordance with Bank policy and escalate all the true hits pertaining to adverse findings, sanctions, PEP (politically exposed person) to Financial Crime Department for further approvals.
- Maintaining a high degree of knowledge of appropriate BSA and OFAC laws and regulations
- Write a comprehensive analysis which includes a detailed disposition as to why an alert is being closed or escalated for further review
- Performing other related duties as assigned by the Screening Alert Manager/AVP
- Liaise and connect with internal department such as Financial Crime, Sanctions and Advisory team, CKG team etc. where appropriate.
- Timely and proactive escalation and resolution of issues, working closely with local and regional management
- Drive to build knowledge within the Anti-Money Laundering sector and to understand the rationale for underlying policy requirements.
- Display flexibility to pick up low risk noncritical end to end review basis the available capacity
Job Requirements:
SKILLS AND EXPERIENCE:
Functional / Technical Competencies:
- Must have prior experience with reviewing and working on screening alerts, preferably in the financial intelligence unit or financial crime department of financial institution
- Experience in analyzing or managing financial crime investigative processes
- Experience interacting with senior managers and compliance subject matter experts
- STRONG Communication skills both WRITTEN and VERBAL to interact with Clients / RMs / Sales and other stakeholders
- Attention to detail is essential
Work Experience:
- Person should have a bachelor’s degree in any stream, any certification / diploma in AML / KYC domain would be an added advantage.
- Minimum 2 years’ and plus experience in AML Compliance & KYC preferably within the financial services industry with experience conducting EDD on foreign financial institutions.
- CAMS certification preferred but not required
- Strong working knowledge of AML / Sanctions laws and regulations relative to money laundering and terrorist financing and the ability to apply this knowledge in assessing transaction activity and customer profiles.
- Must be able to multi-task, adapt well to changing priorities, and effectively prioritize workflow to meet critical deadlines.
- Detail-oriented and organized execution
- Collaborative with strong interpersonal communication skills
- The ability and willingness to work both independently and in a team, environment is required.
- Maintains effective working relationships with key business partners.
- Familiarity with Actimize and other financial crime, risk and compliance applications would be preferred.
- Effective Internet and research skills and usage of third-party tools.
- Decent knowledge in Microsoft Excel / word.
