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Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 150,000 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.
Purpose of the Job
Support high standards of financial crime compliance framework within first line of defense through the ongoing delivery of an organized and structured program.
Communicate, coordinate and monitor policies, systems and procedures, provide relevant and timely advisories for the KYC AML unit at the Bank’s global capability center and business line within the Bank
Section 2: Primary Responsibilities
Categories
Weighting
Strategic
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- Assist Head of KYC AML Unit India at the Bank in promoting and managing the culture and practice of Compliance within regulatory requirements and ethical standards consistent with supporting Bank’s strategic direction and growth aspirations.
- The role will be actively involved in execution of KYC process and manage responsibilities in a way to support the KAU Head in day-to-day activities.
- Ability to guide Business and KYC Team in terms of policy/process queries
- Ensuring full transparency in KYC processes and improve turn-around times
- Perform quality reviews
- Assist KAU Head to conduct periodic reviews of KYC procedures and processes.
- Keep pace with new and upcoming regulatory requirements, directives, expectations and priorities.
30%
Control
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- Ensuring that cases are prioritised and managed effectively and consistently in-line with the agreed process and deadlines.
- Escalate high priority customer / business issues in a timely manner.
- Ability to deliver Key Performance Metrics to Senior Management.
- Create reporting and recurring MIS on processes related to KYC Operations.
- Keep control over Health Check Metrics; KYC Overdue population; Extension and Exception cases; Close and Exit customers; and Hold Code customers.
30%
Operational
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- Have adequate understanding of Customer Data Collection, Documentation & Maintenance as part of new onboarding and periodic reviews; have adequate diligence required to establish the correctness/validity of documents
- Ability to understand complex ownership structures for legal entities and also for customers such as Charities, Foundation, Trusts, Laision/Branch/Project Office.
- Review screening results to identify politically exposed persons, sanctioned persons, adverse media and mitigate risks associated with financial crimes
- Conduct Risk categorization reviews for clients as per the regulatory requirements with knowledge of enhanced due diligence required while adopting High Risk clients
20%
Stakeholder Management
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- To manage the relationship with Business and act as a point-of-contact for queries relating to KYC reviews.
- Take ownership to identify key issues and actively participating in their resolution to ensure client satisfaction and acceptable business outcomes
- Liaise with Business to manage new onboarding pipeline and priority effectively.
- Coordinate with multiple stakeholders, not limited to Business, FC Compliance, QA, Global KYC teams (policy, process, management), Audit etc. to ensure that KYC cases are on track and managed effectively and consistently in line with the agreed process and SLA's
- Liaise with internal/external stakeholders to provide exception management reporting and Management Information System (MIS) reporting
20%
Mitsubishi UFJ Financial Group (MUFG) is an equal opportunity employer. We view our employees as our key assets as they are fundamental to our long-term growth and success. MUFG is committed to hiring based on merit and organsational fit, regardless of race, religion or gender.
