MUFG Union Bank Wire Services Compliance Team Lead Supervisor, Analyst in Tempe, Arizona
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) with total assets of over $2.9 trillion (106.2 (JPY) as of March 30, 2018) and 150,000 colleagues in more than 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.
Wire Services Compliance Team Lead Supervisor, Analyst
In the capacity of OFAC Processing Staff Supervisor, this position is directly responsible for daily management of Level 1 production processes performed by OFAC Special Handling and OFAC Investigations staff, including training on review, reasoning and decision methodologies, Alert issues, and OFAC Investigations procedures, as recommended by Americas Sanctions Compliance Team (L2/L3). Ensures that proper parties are aware of all operational challenges or issues that impact OFAC production operations.
Conducts and/or coordinates training for staff, ensuring priority handling for all identified special industry and high profile clients.
Assesses daily production requirements to staff coverage of processing queues, monitoring volumes and processing deadlines throughout the day.
Reviews all staff issues to ensure appropriate application of decision criteria.
Reviews and monitors all OFAC related investigations to ensure timely communication and response between business units and America’s Sanctions Compliance L2/L3 Team. Ensures that there is appropriate “hold” and movement of wired funds when authorized by ASC. Leads and ensures appropriate follow-up on pending investigations as required, and ensures cases are thoroughly documented.
Implement daily, weekly, and monthly metric reporting routines, and key performance indicators for OFAC production processing to establish performance management standards for quality assurance. Ongoing evaluation and improvement of reports required to measure overall performance by the OFAC department as well as individual performance.
Ensure a written procedure to document all processes by WSD OFAC Processing Operations. Establish yearly review cycle for all OFAC processing procedures to ensure procedures accurately reflect the most current processing protocols.
Collaborates with the Assistant Vice President to identify and recommend Customer analysis for the Accept /Deny list.
Primary source of detail for OFAC staff performance evaluations and establishment of individual performance goal recommendations.
Assists in response to internal/external audit requests for information.
Participates in project management efforts, coordination of UAT, and control testing as required by the Compliance Risk Team.
Completes Daily Status Report (DSR) as applicable for operational incidents that impact the business and/or customers.
Acts in back-up role to AVP Supervisor OFAC Operations Support Supervisor.
Understand and apply the various rules and regulations governing investigations
Fundamental understanding of payments formatting, including SWIFT, CHIPS, Fedwire, foreign currency
2 - 3 years of experience in financial services
2 - 3 years of experience in wires services 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 demonstrating 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: 10027587-WD