MUFG Union Bank Trade Finance Service Operations Compliance, Director in Charlotte, North Carolina
Do you want your voice heard and your actions to count?
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2018). In the Americas, we’re 14,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, developing positive relationships built on integrity and respect. It’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. We’re a team that accepts responsibility for the future by asking the tough questions and owning the solutions. Join MUFG and be empowered to make your voice heard and your actions count.
Trade Service Operations Compliance Director
The Trade Service Operations Compliance Director provides oversight for the Trade Service Operations Compliance functions. The role requires a deep understanding of sanctions compliance including BSA/AML, OFAC and Anti-boycott. The position requires a strong understanding of all international Trade Finance products and documentation including, Import, Export, and Standby Letters of Credit, and International Collections.
The TSO Compliance Director will be responsible for the building and maintaining the overall framework for the Trade Service Operations Compliance program. Responsibilities will include:
Lead a team of 10-12 Trade Finance Compliance associates performing First Line of Defense reviews of escalated Trade Finance transactions.
Oversee the daily monitoring and resolution of BSA/AML, OFAC and Anti-boycott issues escalated from the Trade Service Operations processing teams.
Develop and maintain the overall Trade Finance Compliance Quality Assurance Framework.
Monitor Trade Finance Sanctions watchlists program to ensure TSO applications are regularly updated with current watchlists.
Maintain, report and periodically review compliance performance metrics, including identifying Key Risk Indicators and Key Performance Indicators.
Liaison with Global Financial Control Division, Business Unit Risk Management, America’s Compliance Division and Global Trade Finance to ensure ongoing compliance with all applicable policies and procedures.
Develop and implement efficient and effective compliance programs for the Trade Service Operations Control and Monitoring team.
Develop, recommend, and implement effective compliance strategies, policies, and procedures.
Ensure that the Trade Service Operation maintains compliance with federal and state laws and regulations and ensure that line managers are adequately informed.
Minimum of 15 years of related experience in Commercial Trade Finance products, international products, international operations, auditing, or other significantly regulated areas of banking.
Thorough working knowledge of Federal Regulations related to Trade Finance compliance.
Well-developed communications and analytical skills.
Strong leadership skills - ability to make good judgments and have strong ability to solving problems.
Have the ability to assess risk and the exercise judgment concerning complex problems relating Trade Finance.
Must be very detail oriented and a highly self motivated.
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 / Affirmative Action 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 in employment decisions on the basis of any protected category.
A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it's the bank's policy to only inquire into a candidate's criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.
Job: Transaction Banking
Primary Location: NORTH CAROLINA-Charlotte
Schedule Full Time
Req ID: 10038373-WD