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MUFG Union Bank Risk Reporting Specialist in Tempe, Arizona


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 2018). 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.

Job Summary:

Reporting to a Bank Operations and Services Division manager, the BOS Risk Reporting Specialist is responsible for specific aspects of regulatory and/or risk monitoring and reporting, which may include reconciliation, balancing, and remittance of funds for various functions. The Specialist performs key production processes while providing in-depth analysis of assigned tasks such as IRS information reporting, tax identification certifications, non-resident alien classifications, unclaimed property and escheatment, e-mail monitoring, as well as various functions classified as higher risk related functions within BOSD that may be regulatory or compliance related.

Major Responsibilities:

  • Coordinate and manage all duties related to one or more of the major regulatory and/or risk related functions: IRS information reporting, nonresident alien database management, unclaimed property and escheatment management to all 50 states, e-mail monitoring, Control Unit oversight for suspense accounts, policy variance, Reg Q, IOLTA, and branch cash monitoring.

  • Ensure all duties for assigned functions are performed on-time, accurately, and in a manner that complies with pertinent laws and regulations.

  • Monitor, correct, approve and/or reject work performed by others throughout the bank as it relates to nonresident alien accounts, tax identification certifications, escheatment of unclaimed property, policy variance request, e-mail transmissions, and other duties assigned.

  • Actively participate and/or lead annual or ongoing projects related to assigned duties such as W-8 recertifications, interest reporting, and escheatment.

  • Champion process improvements and system enhancements as applicable.

  • Provide subject matter expertise related to complex functions performed.

  • Prepare reports as applicable for branch, bank management, and/or Controller's use as well as IRS, and State Bar Associations.

  • Perform various balancing and reconciliation functions related to assigned GLs, escheatment, and Control Unit duties.

  • Remit funds as applicable to all states, the IRS, and various State Bar Associations.

  • Stay abreast of state, federal, and IRS laws related to job duties.

  • Implement required changes bank wide to ensure compliance with laws and regulations.

  • Ensure related forms/documents and bank desktop procedures are accurately maintained.

  • Ensure customer required mailings/notifications are accurate, delivered on time, and processed promptly upon return.


Additional Information:

  • Working knowledge of nonresident alien requirements, escheatment of unclaimed property, and IRS regulations related to all aspects of interest reporting.

  • Strong analytical skills including a basic understanding of accounting and reconciliation principles.

  • Strong communication and interpersonal skills, self-motivated/results-oriented, with the ability to function effectively with deadlines and work within a team environment with minimal supervision.

  • Excellent organizational and time-management skills.

  • Proficient with MS Office Suite, including Word, Excel, Outlook, Access, and PowerPoint.

  • High school degree or equivalent education.

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: ARIZONA-Tempe

Schedule Full Time

Shift Day

Req ID: 10034580-WD