MUFG Union Bank Onboarding & KYC Analyst in Jersey City, New Jersey
Onboarding & KYC Analyst - 10045282-WD
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 2020).In the Americas, we’re 13,000 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.
The Onboarding & KYC Professional I is responsible for completing Client Identification and Customer Due Diligence files for new and existing customers in support of Front Office business lines. Day to day responsibilities include performing KYC research and related OFAC checks, compliance exemption requests, and other inter-departmental requests. Will follow established guidelines to identify and resolve problems and will use some independence of thought but is expected to refer more complex problems to supervisors or other experts. Must meet Service Level Agreements (SLA) with various Business Units and utilize departmental tracking systems.
Onboarding & KYC Professional I is part of the First Line of Defense Control Office and works closely with Relationship Managers (RM’s) and Portfolio Managers (PM’s), with Tax Operations, Regulatory Reporting teams, with Compliance Division Officers, and with other operation teams.
Validates new, existing and ad hoc KYC files against legal documentation and third-party sources, remediating errors as necessary, for customers managed by a supported business unit.
Ensures all required customer information and supporting documentation are captured for new and existing customers who are going through a triggering event or material change by coordinating with Business Unit Relationship Managers. Validates resubmitted documents and updates system accordingly as needed.
Tracks onboarding requests, re-assesses pipeline, and manages assignments as necessary.
Monitors, researches, analyzes and addresses all essential compliance activities including but not limited to drilling down on beneficial ownership for higher risk clients, identifying politically exposed (PEP) individuals, negative media, and sanctions issues.
Coordinates directly with other areas of the bank clients to obtain relevant KYC requirements (i.e. Risk, Compliance, Legal, Business, Operations, Front Office.)
Promptly responds to queries and assists with problem-solving of matters received from personnel internal to the Bank.
Maintains detailed tracking of KYC file status and other customer record activities to ensure completion within required timeframes
Implements process improvement to create efficiencies.
Informs management on status of cases and proactively identifies and flags issues.
May be accountable for regular reporting or process administration as owner.
Performs special projects as required and any other duties as assigned.
Only Applicable if support JCIB:
Utilizes Japanese communication skills to proactively interact with the Front Office (Relationship Managers, Marketing Officers, Portfolio Managers, etc.)
Understands and translates Japanese documents for KYC information.
1- 3 years prior experience in the field of Anti-Money Laundering / KYC checks required
Excellent attention to detail, organized approach and strong problem solving/facilitation abilities
Mature approach with excellent influential communication (verbal/written) skills
Strong time management, work organization and multi-tasking skills with a drive for efficiency, accuracy and risk management controls while maintaining 100% dedication, excellent attitude and flexibility
Effective Internet and research skills and usage of third-party tools such as Dun Bradstreet, LexisNexis, government registries, etc.
Proficiency in MS Office - Word, Excel, PowerPoint, Access
Only Applicable if support JCIB:
- Japanese (Read/Write/Speak) proficiency is required
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 : Compliance
Primary Location : NEW JERSEY-Jersey City
Job Posting : Jul 13, 2021, 6:36:57 AM
Shift: : Day
Schedule: : Full Time
Req ID: 10045282-WD