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MUFG Union Bank Foreign Currency Remittance Cross Border Specialist - Hybrid in Jersey City, New Jersey

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. Across the globe, we’re 180,000 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.

This is a hybrid position. The selected colleague will work at an MUFG office an average of two to three days per week with the remainder worked remotely.

Job Summary:

Within the FC Remittance Section, which is a very time sensitive and high-volume environment with rigid deadlines, the incumbent is responsible for exercising due care in the processing of payments and related payment instructions on behalf of MUFG customers and branches. In this capacity the incumbent is expected to effectively

Major Responsibilities:

  • Maintain familiarity with Swift Cross Border Foreign Currency Remittance, and FED payment formatting standards.

  • Understand and apply departmental procedures and payment practices.

  • Manage time and prioritize assigned duties.

  • Maintain knowledge of BESS, GPP, OVS and other systems used within the unit Ensure the proper completion of all payments.

  • Understand and apply due diligence relating to compliance and regulatory related matters.

Transaction Processing :

  • Perform BESS, OVS and GPP data entry transcribing required customer payment information in the corresponding system fields.

  • This includes mainly Foreign currency and some USD payments and SWIFT MT messages.

  • Preparation of BNF Bank Charges.

Lifting Charges/BNF Bank Charges:

  • Process lifting charges and bank to bank charges received from Reconciliation Group including conversion of USD in RET system. Monitor and ensure the charges claimed are processed in time accordingly.

  • Month end reconciliation of EUR lifting charges with MUFG bank London statement that pertain to our transactions.

Proof and Reconciliation:

  • Perform the end of day reconciliation ensuring that documents are properly segregated Ensure that End of Day queue is empty.

  • Identified discrepancies are resolved according to Department Policies. Complete and return End of Day confirmations

Additional Information:

  • 3-5 years of Money Transfer experience.

  • Good oral and written communications.

  • PC Proficient

  • Good at multi-tasking

  • High School graduate

The typical base range for this role is between $24.03 – $28.84 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.

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 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.

#LI-Hybrid

At MUFG, our colleagues are our greatest assets. Our Culture Principles provide a roadmap for how each of our colleagues must think and act to become more client-obsessed, inclusive and innovative. They reflect who we are, who we want to be and what we expect from one another. We are excited to see you take the next step in exploring a career with us and encourage you to spend more time reviewing them!

Our Culture Principles

  • Client Centric

  • People Focused

  • Listen Up. Speak Up.

  • Innovate & Simplify

  • Own & Execute

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