Job Information
MUFG Assistant Vice President, KYC Advisory in Singapore
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. 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.
Job Responsibilities:
In this regional role within the FCOA AML/KYC CDD Advisory Team, you will be responsible for supporting, liaising/co-ordinating with the Country Financial Crimes Teams on regular basis and support key FCC initiatives to uplift and maintain the Global Financial Crimes Compliance Program in Asia with a specific focus on KYC CDD.
You are responsible for:
Providing advice to First line of Business, Country Financial Crimes team and/or KYC Operations Unit to ensure compliance with applicable regulatory requirements in Asia and internal FCC policies and procedures
Reviewing and/or conducting Enhanced Due Diligence (EDD) on prospective and existing high-risk clients to identify issues presenting potential legal, regulatory, sanctions or reputational risk, primarily utilizing publicly available data sources, vendor reports and/or reviewing client documentation
Updating, drafting and implementing applicable Internal FCC policies and procedures including Country Addendums
Support KYC system design analysis, testing, and deployment of key initiatives to deliver on KYC & Client Due Diligence (CDD) change initiatives by reviewing business requirement documents (BRDs) or other functional requirements and act as SME for the project
Propose control effectiveness and efficiency improvements and simplifications where appropriate
Interact with wider FCC and other Business Units for the implementation of policies and procedures; execute oversight function to monitor; and provide training to employees on FCC related topics
Work with direct manager and Leadership Team to maintain proactive management of client escalations, issues and other items that require special handling related to KYC record completions
Job Requirements:
Sound knowledge of Industry KYC/CDD/Compliance/Anti Money Laundering rules. Industry related certification (e.g. CAMS or ICA Diploma) will be an added advantage
3-5 years of experience in CDD & EDD requirements preferably in wholesale banking Clients including an understanding of the usage of transaction banking products
Being aware of regulatory changes and current events, both local and cross border, that may have an impact on existing and potential client relationships in key jurisdictions will be an added advantage
Strong ability to communicate effectively at all levels of the organization including front office individuals, skilled at diplomatically breaking down barriers and obstacles
Structured and process driven, analytical, inquisitive and apply sound judgements
Proficiency in PowerPoint and Excel, and experience in external database searches, such as World Check, Factiva, and Lexis/Nexis
We regret to inform that only shortlisted applicants will be notified.
MUFG Bank Ltd & MUFG Securities Asia Limited (collectively referred to as “MUFG”) is an equal opportunity employer. We view our employees as our key assets as they are fundamental to our long-term growth and success. MUFG is committed to hiring based on merit and organsational fit, regardless of race, religion or gender.
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
Client Centric
People Focused
Listen Up. Speak Up.
Innovate & Simplify
Own & Execute