Manager - EMEA Sanctions Advisory

About Us:

MUFG Bank, Ltd. is Japans premier bank, with a global network spanning in more than 40 markets. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments, and individuals worldwide. MUFG Banks parent, Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the worlds leading financial groups. Headquartered in Tokyo and with over 360 years of history, the Group has about 120,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.

The Group aims to be the worlds most trusted financial group through close collaboration among our operating companies and flexibly respond to all the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFGs shares trade on the Tokyo, Nagoya, and New York stock exchanges.

MUFG Global Service Private Limited

Established in 2020, MUFG Global Service Private Limited (MGS) is 100% subsidiary of MUFG having offices in Bengaluru and Mumbai. MGS India has been set up as a Global Capability Centre / Centre of Excellence to provide support services across various functions such as IT, KYC/ AML, Credit, Operations etc. to MUFG Bank offices globally. MGS India has plans to significantly ramp-up its growth over the next 18-24 months while servicing MUFGs global network across Americas, EMEA and Asia Pacific

About the Role

Position Title: Sanctions Advisory - Manager

Corporate Title: Assistant Vice President

Reporting to: Head of EMEA Sanctions Advisory

Location: Bangalore

Job Profile

Position details:

Purpose of Role

Driving the implementation of MUFG Banks financial crimes risk appetite, policies and standards by providing an approachable sanctions advisory hub to the EMEA region for all sanctions queries, ensuring advice is clear, informative and consistent.

Main Responsibilities

• Provide timely and consistent sanctions advice to key stakeholders regarding potential transactions
• Conduct risk assessments on proposed transactions
• Evaluate and provide advice regarding sanctions clauses in contractual agreements
• Review sanction alerts identified during Know Your Customer (KYC) onboarding and periodical review
• Liaise with key stakeholders to perform Customer Due Diligence when a sanctions nexus is identified
• Review and assess New Product Approvals in the EMEA region from a sanctions perspective
• Assist GFCD in the collection of customer information pertaining to sanctions data

Candidate Profile

• Skills and knowledge
• Strong analytical skills
• Strong written and excellent communication skills
• Strong financial sanctions knowledge in particular OFAC, EU and UK regulations
• Strong relationship building and management skills
• MS Office skills
• Demonstrates attention to detail
• A good understanding of Banking and Investment products
• Broad understanding of financial crime risk (AML and ABC) in banking
• A good understanding of the concepts of risk management and control
• Manages priorities effectively and delivers efficiently
• Proactively identifies and communicates improvements to process
• A proactive, motivated approach.
• Strong decision-making skills, the ability to demonstrate sound judgement
• The ability to operate with urgency and priorities work accordingly
• Works collaboratively with immediate colleagues, other teams in Financial Crime, across EMEA and the Bank and escalates appropriately
• The ability to manage large workloads and tight deadlines
• Excellent attention to detail and accuracy
• A calm approach, with the ability to perform well in a pressurised environment
• Ability to manage multiple priorities and work streams effectively.
• Job Requirements:Experience
• 8-10 years ofproven experience in and understanding of Sanctions
• Strong knowledgeand experience in the banking industry.

Performance & Duties

The role holder will be assessed in accordance with their employing entitys performance framework and process with relevant input obtained from the dual hatting entity as relevant.

As duties and responsibilities change, the job description will be reviewed and emended in consultation with the role holder. The role holder will carry out other duties as are within the scope, spirit and purpose of the role as requested by their line manager or Department Head.

Managing Conflicts of Interests

• The role holder will have responsibilities for both MUFG Bank and MUFG Securities EMEA plc.
• The role holder will be required to perform their duties and responsibilities on an entity neutral basis, without favor.
• The role holder is required to follow regulatory requirements applicable to ensure each business is appropriately supported and to maintain the legal entity integrity of each of MUFG Bank and MUS.
• Working terms are dictated by functional mandates, the terms of the Dual-Hat Arrangement Agreement in place between MUFG Bank and MUFG Securities EMEA plc and any other relevant agreements entered between MUFG Bank and MUFG Securities EMEA plc.
• The role holder will have responsibility for identifying and resolving where there may be a difference or conflict in needs between MUFG Bank and MUFG Securities EMEA plc, escalating to their manager where required.

Education & professional qualifications

Degree or equivalent industry standard qualification.

Equal Opportunity Employer

The MUFG Group is committed to providing equal employment opportunities to all applicants and employees and does not discriminate on the basis of race, colour, national origin, physical appearance, religion, gender expression, gender identity, sex, age, ancestry, marital status, disability, medical condition, sexual orientation, genetic information, or any other protected status of an individual or that individual's associates or relatives, or any other classification protected by the applicable laws.