MUFG

MUFG

Global EDD Operations, Team Lead - Vice President

Irving, TX · Exec

Sponsorship not specified$115k-$151kDetected 12 days ago
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About the role

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

Responsibilities

  • 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.
  • 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.
  • Lead, identify, recommend, and submit changes to the appropriate Bank's systems to ensure client and department information is accurate and correct.
  • Perform ongoing management, monitoring, analysis and reporting of the team's operational plans and results.
  • 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
  • Collaborate with other Global colleagues in developing strategies and driving initiatives that support the key objectives of building the GFCD program in our drive to deliver great operational expertise, efficiency and effectiveness.
  • Team Lead will ensure and oversee the operations for accurate (QC) and on-time completion of reviews performed by the Analysts and ensure necessary escalations of identified financial crime risks and issues.

Requirements

  • 3 to 5 years management experience, preferably in a BSA / AML environment
  • Minimum of 5 years of direct work experience in risk analysis, accounting, investigative, or equivalent with related experience in, or another related area of banking
  • Strong knowledge of KYC and experience in Foreign Correspondent, Wholesale Banking and product risks associated with cross-border transaction banking and payments
  • 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 transactional analysis accordingly.
  • Strong proficiency in Microsoft Excel to cleanse, develop and interpret data, and produce reports
  • Demonstrated knowledge and ability to identify and evaluate various white-collar crime, general fraud and money laundering schemes
  • 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 escalate issues to management for further direction
  • Ability to work with multiple lines of business RMs and senior management
  • trade finance
  • remote deposit collection
  • and derivatives
  • and client risks associated with foreign financial institutions and non-bank financial institutions.
  • Excellent analytical skills to develop financial/statistical data and reports and evaluate flow of funds on complex relationships.
  • Knowledge of outside resources to perform advanced enhanced due diligence.
  • Excellent verbal, written, and interpersonal communication skills

Nice to have

  • Bachelor's Degree required, CAMS Certificate preferred or equivalent work experience
  • Investigative background preferred

Compensation

  • Complete Mid-year and Annual Performance Reviews with thoughtful summarizations of employees' contributions and performance.

Company info

  • Lead role is primarily responsible for the following:
  • Effectively manage a team of Analysts responsible for conducting a variety of KYC FI client reviews of varying complexity, requiring a level of experience to effectively assess client's risk profile inclusive of its AML/Sanctions/AB&C program, adverse media, PEP and sanctions exposure, and provide holistic risk assessment of the potential financial crime risks.
  • Provide guidance to Analysts conducting transactional analysis and data cleansing of clients' activity inclusive of identifying high-risk indicators, downstream correspondent activity (Nested activity) as well as evaluate information that does not align to clients' expected activity.
  • Review and identify areas of risk regarding the FI customers AML program, through Wolfsberg CBDDQ / FCCQ responses and analysis. Raise questions as it relates to areas of risk and evaluate client responses.
  • Act as a strong partner with MUFG client on-boarding teams, Relationship Managers and local and regional Financial Crimes teams (AML, Sanctions, Anti-bribery & Corruption etc.), and partner with teams internal to the Global FI EDD Operations (EDD Support Unit and FI-EDD Ops Program Execution, Oversight & Design team members).
  • Summary of Responsibilities:
  • Global EDD Operations Employee Oversight:
  • Responsible for managing FI EDD Analysts and Assistant Vice Presidents (AVP's) to ensure accurate and complete reviews are performed in accordance with MUFG policies and applicable Global FI EDD Operations Procedure and Operating Manuals.
  • Provide mentoring, coaching and counseling to staff to ensure appropriate research and analysis is being conducted, properly documented and maintains the quality required.
  • Recommend course of action on most events but escalate when necessary to manager or higher level when unusual or uncommon situations are identified.
  • Complete Mid-year and Annual Performance Reviews with thoughtful summarizations of employees' contributions and performance.
  • 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.
  • Work with AVP's regarding Analyst level escalations and provide findings to Director of Global FI EDD Operations and 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.
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This listing is sourced directly from MUFG's careers page and normalized into a canonical job model.