MUFG Associate, Securities KYC Renewals in London, United Kingdom
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MUFG (Mitsubishi UFJ Financial Group) is one of the world's leading financial groups. Headquartered in Tokyo and with approximately 350 years of history, MUFG is a global network with around 2,300 offices in over 50 countries including the Americas, Europe, the Middle East and Africa, Asia and Oceania, and East Asia.. The group has over 150,000 employees, offering services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.
As one of the top financial groups globally with a vison to be the world's most trusted, we want to attract, nurture and retain the most talented individuals in the market. The size and range of MUFG's global business creates opportunities for our employees to stretch themselves and reap the rewards, whilst our common values, to behave with integrity and responsibility, and to build a culture which is fair, transparent, and honest, underpin everything that we do. We aim to be the financial partner of choice for our clients, whatever their requirements, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.
MUFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: MTU) stock exchanges. The group’s operating companies include, but are not limited to, Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ Trust and Banking (Japan's leading trust bank), Mitsubishi UFJ Securities Holdings (one of Japan's largest securities firms), and MUFG Americas Holdings.
Please visit our website for more information - mufgemea.com.
The KYC Renewals team is part of the Client Management Services, which is situated within the Corporate and Investment Banking Division of MUFG Bank. However, this function acts as a centralized 1st line support team, providing support to MUFG Securities both in London and in Amsterdam.
MAIN PURPOSE OF THE ROLE
As part of the Client On-Boarding leadership team, the individual would be required to conduct end to end KYC and have delegated team lead responsibilities all KYC renewals, event driven reviews and remediation related tasks for customers spanning across MUFG Securities in London and in Amsterdam. The primary responsibility of this individual will to ensure effective and timely completion of all KYC renewal related tasks for both existing business relationships within MUFG Securities. The individual would also support KYC for MUFG Bank London branch as needed.
The portfolio under management of this role ranges across various entities types and jurisdictions globally.
This individual will work closely with the VP Team Lead for Securities Renewals, deputising as required. The role will hold a high level of responsibility and exposure to senior management across MUFG Securities, as well as key stakeholders globally. As such strong strategic planning, effective stakeholder management, and the ability to influence at all levels are key. The individual will also be required to support the wider team, as required, on complex issues, volume/capacity management as well as being a key decision maker on procedural / process aspects.
This individual will be a key representative and focal point within Client Management Services. Working closely with stakeholders to ensure MUFG understands all associate risks and maintaining the highest standards, whilst managing business needs. In depth understanding of related regulatory guidance is therefore essential, in addition to comprehension of related of business processes.
A key aspect to this role is the effective resource and capacity management, stakeholder management, and a drive to improve the on-boarding service provided to the customer and the business.
Responsible for completion of KYC Renewals and EDRs: :Ensure that all Customer Due Diligence reviews are completed effectively and within the prescribed renewals cycle for existing customers across MUFG Securities both in London and in Amsterdam (Securities), ensure that all applicable “Know your Customer” requirements have been met for continuation of ongoing business relationship and ensure that the business remained fully compliant with the Securities’ AML policy and all applicable regulatory requirements.
Conduct end to end KYC for Renewals and event driven reviews to highest quality standard
Ensure Event Driven Reviews are undertaken promptly and completed within the prescribed cycle
Ensure KYC remediation (as required) is completed within the prescribed timeframe
Senior Subject Matter Expert (SME) : with hands on end to end KYC processing : Act as a senior SME within the Securities and FI Divisions in relation to all KYC aspects from processing to queries management
Escalation point for the Securities renewals team, deputizing for VP Team Lead as needed : Ensure all escalations from internal and external stakeholders are addressed promptly, ensuring compliance with AML policy and regulations.
Representing Securities Renewals Team: Supporting the team lead in stakeholder management for KYC Renewal matters (stakeholders include management, compliance, regulators, and auditors). This is a key aspect of the role, and as such the individual will need to be able to present clear and concise information confidently at all levels
Support for MI preparation for KYC Renewals : Supporting the VP Team Lead to create, develop, and publish a suite of Management information reports – both regular MI reporting and ad-hoc analysis as and when required. It is essential that the reports published are clear and are produced to an exceptional standard
Training and Development: Provide general support to VP Team Lead and share responsibility for the Training, Development & people management within their area and may also be required to provide training or presentations to their respective business lines.
Supporting Team Lead for Team Procedures and Processes: Responsible for ensuring that team procedures and processes are up to date, accurate and reflect all policy and regulatory change .
Liaison with Compliance: Act as the initial point of escalation for queries to 2nd line and Management from Analysts within the team; reviewing issues, resolving where possible and escalating if required. Escalation should be clear, concise and, where applicable, include a proposed route forward based on individual’s wider AML knowledge.
Active involvement in driving procedural and policy improvements: Actively seek out opportunities to improve the KYC process; including the strengthening & implementation of controls and improving efficiency.
When there is a business requirement the role will also have to be flexible to provide support of the client on-boarding process and periodic reviews for Corporate clients within GCIB.
5 years’ experience in Anti Money Laundering, fraud and bribery or Financial Crime roles
Experience within Corporate & Investment Banking, Capital Markets or Securities and exposure to related entities is essential
SKILLS AND EXPERIENCE
Functional / Technical Competencies:
Awareness of UK & European Anti-Money Laundering regulations
Awareness of Markets Regulations ( FATCA/CRS, MIFID II, emir, SBSD, Volcker)
KYC SME with hands on experience in end to end KYC
Strong understanding of Banks and NBFIs especially, Fund Managers, Hedge Funds and Insurance entities
Knowledge of various corporate structures
Able to communicate effectively to key stakeholders at all levels and drive positive outcomes
Face to face connects with Front Office, Clients, Compliance and other stakeholders as needed
Self-motivated to find solutions
Attention to detail is essential
Ability to effectively utilise Microsoft Office (particularly excel and power point)
Experience of preparing MI and presentations
Education / Qualifications:
- Degree Level or relevant industry experience
Relevant qualifications in Anti Money Laundering, fraud and bribery or Financial Crime roles would be highly desirable.
Languages skills are not mandatory but would be beneficial as this role covers EMEA.
Excellent communication skills
Results driven, with a strong sense of accountability
A proactive, motivated approach.
The ability to operate with urgency and prioritize work accordingly
Strong decision making skills, the ability to demonstrate sound judgement
A structured and logical approach to work
Strong problem solving skills
A creative and innovative approach to work
Excellent interpersonal skills
The ability to manage large workloads and tight deadlines
Excellent attention to detail and accuracy
A calm approach, with the ability to perform well in a pressurized environment
Strong numerical skills
Excellent Microsoft Office skills
We are open to considering flexible working requests in line with organisational requirements.
MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued, respected and their opinions count. We support the principles of equality, diversity and inclusion in recruitment and employment, and oppose all forms of discrimination on the grounds of age, sex, gender, sexual orientation, disability, pregnancy and maternity, race, gender reassignment, religion or belief and marriage or civil partnership.
We make our recruitment decisions in a non-discriminatory manner in accordance with our commitment to identifying the right skills for the right role and our obligations under the law.
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
Listen Up. Speak Up.
Innovate & Simplify
Own & Execute