Global Financial Institutions Enhanced Due Diligence Operations Team Lead

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 120,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.

Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.

The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.

Reporting into the Director – Head of Financial Institutions EDD Operations in the Center of Excellence (“CoE”) within the Global Financial Crimes Division (“GFCD”), this new position has been created to supervise the operational aspects of Enhanced Due Diligence (“EDD”) for Banks and Non-Bank Financial Institutions. The role holder is responsible for oversight of the staff involved in the following:

• Performing EDD on Foreign Financial Institution (“FFI”) clients, conducting transactional analysis of clients’ activity and identifying high risk indicators or information that does not align to clients’ expected activity

• Review and evaluate information about the FI’s AML programs, for example by

using the Wolfsberg CBDDQ responses

• Reviewing a variety of cases of varying complexity, requiring a level of experience needed to effectively assess client’s profile, its AML program, transactions and customer relationships, and provide holistic assessment of the potential financial crime risks

• Team leader will ensure accurate and complete reviews are performed by the Analysts

for FI documentation, synthesize information from multiple data sources and that all

potential financial crime risks and issues concerning FI client relationships have been

timely identified into a clear evaluation and recommended actions.

Major Responsibilities:

Oversee staff to ensure accurate and complete reviews are performed - 75%

• Responsible for managing the FI EDD analysis team to ensure accurate and complete reviews are performed by the FI EDD Analysts and ensure ongoing reviews are completed in accordance to the MUFG policy and Center of Excellence (“CoE”) KYC FFI Enhanced Due Diligence (“EDD”) Procedure and Operating Manual.

• Manage and organize risk trigger assignments and department work queues, ensuring critical deadlines are met. Provide liaison support and maintain effective working relationships between FI EDD Analysts, First-Line Business Units, Relationship Managers (“RM”), and Senior Management.

• Provide mentoring, coaching and counseling to staff to ensure appropriate research and analysis is being conducted, properly documented and maintains

the quality required.

• Review enhanced due diligence performed including use of outside resources.

•  Investigate FI client situations and provide findings to First-Line Business Units, RMs, Senior Management to evaluate potential financial crime risk to the Bank, including the possible decision of management to exit a client relationship, if warranted.

• Evaluate client situations and determine when an eQAR is warranted based on investigative findings. Drafting or lending support to an internal key partner completing an eQAR, ensure all data elements and narratives are complete, accurate, and comply with internal bank standards.

• Work with Analysts to produce questions for site visits and writing the risk

acceptance memo

• Recommend course of action on most events, but escalate when necessary to manager or higher level when unusual or uncommon situations are identified.

• As appropriate, provide support in FI KYC/EDD activities globally, which includes remediation efforts related to Financial Institutions and coordination with Regional Financial Crime Offices to escalate identified risks.

• Collaborate with the GFCD Project Management Office to provide routine updates for GFCD leadership, Senior Management, and the appropriate governance forums.

Data Integrity - 10%

• Cleanse, develop and interpret client data for EDD

• Ensure FI client records are accurate to preserve system integrity and provide

recommendation to the necessary parties within the Bank when action is required, including FI EDD Analysts, RMs, on various Bank systems

• Lead, identify, recommend, and submit changes to the appropriate Bank’s systems to ensure client and department information is accurate and correct

Database Management and Reporting – 10%

• Lead and track staff’s assignments in work queue to ensure ongoing reporting is up to date and deadlines are met to support accurate and professional reporting.

• Handle workflow tools for a consistent approach and volumes across entire team

• Perform ongoing management, monitoring, analysis and reporting of the team’s operational plans and results

• Support remediation efforts to address FI related open issues in a timely and effective manner. Raise issues to GFCD Issues Management Department, as required

Department Support – 5%

• Identify and contribute to department and Bank policy and procedures to ensure

controls are in place

• Provide support in Bank and department level projects and or work with other departments to address BSA/FI EDD and other Fin-Crime risk related matters

• Remains current on industry developments, standard methodologies and standards relating to correspondent relationships, include new and emerging

payment methods and provide technical assistance, training, and information to staff and line of business personnel

• Assist CoE leadership with regulatory and audit preparations and special projects.

• Collaborate with other Global colleagues in developing strategies and driving initiatives that support the key objectives of building the GFCD and CoE program in our drive to deliver great operational expertise, efficiency and effectiveness.

Qualifications

Qualifications:

• Minimum of 3 to 5 years management experience, preferably in a BSA / AML

environment

• Minimum of 5 to 8 years direct work experience in risk analysis, accounting,

investigative, or equivalent with related experience in, or another related area of

banking

Strong knowledge and experience in Foreign Correspondent, Wholesale Banking and product risks associated with cross-border transaction banking and payments; trade finance; remote deposit collection; pouch; FX; and derivatives; and client risks associated with foreign financial institutions and non-bank financial institutions.

• Knowledge and experience with FATF and Wolfsberg guidance on AML and sanctions related to correspondent banking.

• Ability to research and investigate complex FI clients and understand their business need to conduct transactions accordingly.

• Strong proficiency in Microsoft Excel to cleanse, develop and interpret data, and

produce reports

• Excellent analytical skills to develop financial/statistical data and reports and

evaluate flow of funds on complex relationships.

• Demonstrated knowledge and ability to identify and evaluating various whitecollar

crime, general fraud and money laundering schemes

• Knowledge of outside resources to perform advanced enhanced due diligence.

• Ability to synthesize information from multiple data sources into a clear

evaluation and recommended actions

• Ability to make risk decisions within established policy and procedure and

understand when to advance issues to management for further direction

• Ability to successfully lead and manage direct reports, including training,

mentoring, and counseling

• Preferred training and experience in management or Quality Assurance (“QA”)

within the banking industry, investigative, and/or legal / compliance functions

Education, Licensure, Experience:

• Bachelor’s Degree and CAMS Certificate preferred or equivalent work

experience

The typical base pay range for this role is between $126k-$164k depending on job-related knowledge, skills, experience and location. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation. Additionally, our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes comprehensive health and wellness benefits, retirement plans, educational assistance and training programs, income replacement for qualified employees with disabilities, paid maternity and parental bonding leave, and paid vacation, sick days, and holidays. For more information on our Total Rewards package, please click the link below.

MUFG Benefits Summary

We will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws (including (i) the San Francisco Fair Chance Ordinance, (ii) the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance, (iii) the Los Angeles County Fair Chance Ordinance, and (iv) the California Fair Chance Act) to the extent that (a) an applicant is not subject to a statutory disqualification pursuant to Section 3(a)(39) of the Securities and Exchange Act of 1934 or Section 8a(2) or 8a(3) of the Commodity Exchange Act, and (b) they do not conflict with the background screening requirements of the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA). The major responsibilities listed above are the material job duties of this role for which the Company reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of conditional offer of employment, if any.The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.We are proud to be an Equal Opportunity Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local law.