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MUFG Union Bank Wires Alert Review Specialist (TERM) in Sacramento, California

Wires Alert Review Specialist (TERM) - 10046549-WD


Are you passionate about creating an exceptional client experience?

Discover your opportunity with Union Bank, a division of the Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world. At Union Bank, we care about the details that matter most to our clients. We have our clients’ best interest in mind, drawing on more than 150 years of experience to understand their distinct needs and tailor our solutions. We’re part of 150,000 colleagues around the globe striving to be the world’s most trusted financial group. Trust starts with a culture of putting people first and empowering you to achieve your potential. Join Union Bank, where being inspired is expected and creating results is rewarded.

Some MUFG roles require that individuals be fully vaccinated against COVID-19, subject to medical and/or religious exemptions, if applicable. Should you be selected for an interview, your recruiter will provide additional information.

Job Summary:

This position is generally responsible for managing risk to the Bank as it relates to Office of Foreign Asset & Control (OFAC) and compliance. Under the direct supervision of a manager, performs a high level OFAC review, research and investigation of wire transactions received and transmitted through the Global Funds Transfer System (GFT).

Major Responsibilities:

  • Perform a specialized function with high risk restrictions/impact to the bank.

  • Assist with resolution of minimal impact exception items with supervision.

  • Participate in systems upgrades, User Acceptance testing (UAT), Disaster Recovery (DR) related to HotScan.

  • Investigates, research, respond and document issues and present recommendations to the manager.

  • Processes work associated with assigned unit in the areas of quality performance and limits risk.

  • Ensures compliance with department policies, procedures, objectives and strategies, responsible for adherence to applicable State Federal and US Regulations including Uniform Commercial Code (UCC4A), OFAC, FDIC, Bank Secrecy Act, and Electronic Funds Transfer Act (EFTA).

  • Consistent application of OFAC regulations to avoid violation against the Bank, Wire Service Managers and Division Members.

  • Ensures quality performance review and research of each blocked or suspected transaction. Ensures timely completion without compromising high level review and release.

  • Report suspicious activities to the Manager. Identify risks and recommend changes to reduce overall risk.

  • Assist with identifying and resolving audit issues and concerns.

  • Communicate and resolve OFAC issues with internal and external departments.

  • Participate in system upgrades and assist in addressing the impact of the system updates on the existing workflow.

  • Ensure both internal and external audit control processes are adhered to, supporting the accomplishment of a satisfactory rating with audit and regulatory policies.

  • Consistent development of OFAC regulatory guidelines, Compliance procedures and penalties.


Additional Information:

  • Must be competent in all functions of Payment Operations, plus 6 months experience (gained through cross-training).

  • Requires the ability to communicate effectively in English, operate a keyboard for prolonged periods and, read and write in English.

  • Ability to adapt to a flexible work schedule.

  • Conversant with multiple functions within Wire Services with expertise in at least one functional area.

  • Proven operational and some technical knowledge.

  • Good understanding of OFAC regulations, internal policies, procedures and business requirements.

  • Requires good understanding of compliance and OFAC regulations.

  • Must demonstrate the ability to analyze a situation and formulate recommendations.

  • Excellent understanding of operational risks.

  • Ability to research all types of payment instructions.

  • Ability to work with multiple systems and processes with strong knowledge of PC based applications and Microsoft Office, Word, and Excel software.

  • Good analytical, written/verbal communication skills, and math aptitude.

  • Good customer service skills.

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 : Operations

Primary Location : CALIFORNIA-Sacramento

Job Posting : Sep 22, 2021, 2:09:24 PM

Shift: : Day

Schedule: : Full Time

Req ID: 10046549-WD