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MUFG Union Bank Term Employment - Payments Specialist - Remote/CA in Remote Worker, California

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 remote position. A member of our recruitment team will discuss location preferences with you in more detail.

Job Summary:

The incumbent will be responsible for processing a high volume of cash transactions related to client payment requests via wire, check, ACH or internal book transfer while simultaneously using multiple systems. Ability to prioritize work queue based on relevant investment restrictions/cutoffs, transaction types and system processing schedules. Must possess strong reading comprehension in order to review and authenticate payment requests and ensure adherence to applicable policies and procedures. Issues with payment request will need to be identified and effectively communicated to the Client Administration team and management.

Major Responsibilities:

  • Receive payment requests and prioritize work based on a multitude of factors.

  • Validate that requests have been executed by an authorized individual pursuant to the account’s governing agreement.

  • Perform telephonic callbacks to authenticate payment instructions.

  • Use of Trust 3000 system to validate funds sufficiency and determine liquidity restrictions of the investments within the account(s) related to the payment request.

  • Ensure that all transactions are accounted for in requests that contain multiple payments.

  • Accurately enter payment instructions and relevant reference details into payment systems.

  • Use multiple systems for the execution of transactions in USD and foreign currencies.

  • Continually monitor transactions throughout the day to ensure appropriate posting to accounts and reconcile all activity at end of day.

  • Understand the risks associated with the various types of payments and transactions that are being processed.

Qualifications:

  • 1-2 years of Payment processing experience.

  • 1-2 years of Financial Services experience.

  • Trust 300/SEI experience a plus.

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.

Some MUFG roles require that individuals be fully vaccinated against COVID-19, subject to exemptions for medical or religious reasons, as well as any other reason required by applicable law or order. Should you be selected for an interview, your recruiter will provide additional information.

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