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MUFG Union Bank Sr Legal Specialist in Tempe, Arizona

Description

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world with total assets of over $2.4 trillion (as ranked by SNL Financial, April 2016) and 140,000 colleagues in nearly 50 countries. In the U.S., we’re 13,000 strong, working together to positively impact every customer, organization, and community we serve. We achieve this by delivering on our values, putting people first, fostering long-term relationships built on honesty and mutual understanding, and inspiring the best in each other. This is all part of our inclusive, high-performing culture supported by Total Rewards that include our cash balance pension plan. Join a team that’s working to fulfill its vision to be the world’s most trusted financial group

Job Summary:

Responsible for working with the business unit and applicable systems analysts on the testing and implementation of servicing system changes, including resolution of production issues, identification of enhancements and upgrades. Also responsible for assigned varied special projects for the unit in connection with such matters as accounting or reporting requirements, out-of-balance conditions or reconcilement problems, and coordination of servicing transfers. Assist with loan modification processing, exception problem-solving, as well as monitoring, reviewing, and approving work in the unit as needed. Evaluate procedures and processes to ensure compliance with all government, investor, and bank regulations, and recommend appropriate solutions.

Major Responsibilities:

Project and Initiatives

  • Make recommendations for programming changes to enhance servicing system to increase work quality.

  • Coordinate user testing and implementation internally and amongst various departments.

  • Represent department on project teams, as assigned, for system conversions, servicing transfers, system enhancements, or process changes impacting one or more servicing units. Update procedures as applicable, and assist with staff training.

Research and Review Operational Issues

  • Identify production problems and work with the department staff and systems analysts to resolve and prevent future occurrences whenever possible.

  • In addition identify and implement process/procedure improvements.

  • Ensure exception items are processed to completion, including such items as GL clearing, out-of-balance conditions, and audit exception items.

  • Help to guide research efforts for more complex problems, disputes or complaints.

Backup for Management Approvals

  • Provide administrative support and coverage for management or staff shortages as necessary including monitoring, reviewing and approving daily/monthly work and wire processing.

  • Assist with monitoring, reviewing, and signing work, covering management or staff shortages, as necessary.

Operational Tasks

  • Be familiar with specialized departmental accounting reports, and various weekly, monthly, quarterly reports provided to Controller’s and other bank units.

  • Assist with handling loan modification processes and tracking of sustainability and non-accrual status.

  • Provide technical assistance as needed in connection with internal and external audits, compliance, or BSA/AML related duties.

Qualifications

Additional Information:

Education / Experience

  • Requires a high school diploma or equivalent; finance or business degree preferred.

  • Requires 4 - 5 yrs of technical loan servicing job related experience, in real estate secured loans/lines; plus 4 - 5 yrs of progressive responsibility in such areas as system user testing, special projects, and process improvement/procedure development.

  • Requires comprehensive knowledge of servicing and bank accounting, reporting, and reconciling practices, including journal entries, general ledger, investor, and settlement accounting.

  • Broad understanding of servicing system functionality and operational processes is preferred.

  • Requires excellent communication skills, both oral and written, and organizational skills.

  • Requires demonstrated problem solving skills and multi-task abilities.

  • Technical – high intermediate excel, Visio, Peoplesoft preferred, MSP preferred.

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: 10029637-WD

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