MUFG Union Bank Financial Crimes Compliance Manager-Vice President- Tempe/Brea/Oakland-Hybrid in Tempe, Arizona
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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.
This function covers incumbents who are responsible for ensuring that all of the firm's activities follow the necessary rules and regulations, and that the firm complies with legal/regulatory boundaries and jurisdictions. Incumbent at this level is fully knowledgeable on the day-to-day activities of a product or process however will require input on more complex issues. This individual may have oversight of a small team of junior staff to ensure all daily responsibilities are completed. Individual at this level has some understanding of the firm's different businesses and the related economics.
The Financial Crimes Compliance Manager serves as the FINRA registered Head of Financial Crimes Compliance for UnionBanc Investment Services (UBIS), an SEC-registered broker-dealer, investment adviser and subsidiary of MUFG Union Bank, N.A.
The Financial Crimes Manager is responsible for implementing UBIS’ BSA/AML and OFAC Programs, and overseeing activities to ensure compliance with relevant regulations, as described below.
-Maintain UBIS procedures that implement BSA/AML and OFAC Programs and related policies, including task force development and project planning.
- Ensure related policies, procedures, and internal controls and systems are fully established, operating, and monitored.
-Drive UBIS-specific compliance process changes and enhancements. Coordinate remedial measures in response to issues raised in examinations, audits, and compliance testing.
-Provide day-to-day AML guidance to assigned business group regarding business inquiries & initiatives.
-Perform regulatory and policy analysis of complex high-risk customer activity, identify stakeholders, help develop and document remediation and follow-up strategies in response to money laundering and terrorist financing risks;
- Serve as the primary final reviewer/approver of Suspicious Activity Reports (SARs) to the U.S. Treasury Department and investigate recommendations that SARs not be filed.
-Risk Assessment: Develop and maintain a list of high-risk operations. Assist Corporate BSA Team in updating BSA risk assessments by assessing money laundering risks posed by business unit's customers, products, services, transactions, and in developing the unit's account opening, CIP, due diligence, and EDD procedures to support BSA/AML
Compliance.Review/approve business unit level AML policies and procedures, systems/process plans, training, forms, contracts, new products, agreements for assigned businesses/requirements.
-Management oversight for at least one direct report. Responsible for interviewing, hiring, termination, coaching and counseling, training, performance appraisals, compensation changes, promotions and transfers, delegating assignments, monitoring and oversight of work.
-Develop, implement, and maintain an ongoing BSA/AML training program for all employees.
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.
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