MUFG Union Bank Senior KYC Quality Assurance, Associate/AVP 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 2020).In the Americas, we’re 14,000 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.
KYC Quality Assurance Senior Analyst, AVP
The First Line of Defense Unit is responsible to perform the Quality Assurance review of KYC routine review. Operations for both new onboarding, periodic reviews and ad-hoc reassessment. The objective of the routine reviews is to ensure having a control process to determine whether process output adheres to established quality objectives and to provide reasonable assurance to management that target outcomes are achieved. As such, KYC QA reviews are an integral part of process management and improvement. It is the responsibility of process owners to ensure that results of QA reviews pertaining to the financial crimes control processes under their purview are: (i) communicated to the appropriate parties; and (ii) addressed in a timely manner. This position is typically expected to work a very large number of reviews with little oversight. Provides technical guidance to staff for research, analysis and documentation. May receive delegated responsibilities from management.
Perform Quality assurance of client KYC profile completed by KYC Onboarding team to determine if the review and research were conducted in accordance with the Quality Assurance standards and timeframes set for within established procedures, bank policy and regulatory requirements.
Document each review by thoroughly completing a QA checklist.
Support the development of QA processes based on the identified quality standards.
Provide subject matter expertise to KYC functions throughout the enterprise.
Maintain working knowledge of all regulatory obligations and be able to relate them to MUFG policies and procedures.
Contribute to the evolution of global and local KYC policies and guarantee team knowledge of any updates.
Play a key role in the development and roll-out of both strategic and tactical process changes.
Maintain strong working relationship with stakeholders in both the first line and second line of defense.
Perform other duties as assigned.
Bachelor's degree preferred; applicable work experience will be considered.
Minimum of 5 years of direct work experience in AML risk analysis or equivalent with related experience in other areas of banking and preferably in the financial services industry.
Knowledge of Federal regulations (especially BSA/AML/OFAC).
Proficient knowledge of MS Word, Excel, Access.
Ability to work independently and to make informed decisions.
Strong verbal, written and interpersonal communication skills.
Ability to recognize risks and make decisions based on sensory data or known guidelines.
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.
Primary Location: ARIZONA-Tempe
Schedule Full Time
Req ID: 10040927-WD