AVP - Global Compliance Ops (Sanctions Tuning) [T500-12853]
3 weeks ago
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo And with over 360 years of history, MUFG has a global network with over 2,700 locations in more than 50 markets. The Group has over 180,000 employees and offers services including commercial banking, trust banking, securities, credit cards,
consumer finance, asset management, and leasing.
The Group aims to “be the world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo,Nagoya, and New York stock exchanges.
MUFG Bank,Ltd. is Japan’spremier bank, with a global network spanning more than 50 markets. Outside Of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments and individuals worldwide.
In Asia, MUFG has a presence across20 markets – Australia, Bangladesh, Cambodia, China, Hong Kong, Indonesia, India, South Korea, Laos, Malaysia, Mongolia, Myanmar, New Zealand, Pakistan, Philippines, Singapore, Sri Lanka, Taiwan, Thailand and Vietnam.
It has also formed strategic partnerships with some of the most prominent banks in Southeast Asia, further augmenting its unrivaled network across the region – VietinBank in Vietnam, Krungsri In Thailand, Security Bank in the Philippines and Bank Danamon in Indonesia.
For more information, visit Global Service Private Limited:
Established in 2020, MUFG Global Service Private Limited (MGS) is 100% subsidiary of MUFG Bank Ltd 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 servicingMUFG’s global network across Americas, EMEA and Asia Pacific”
Purpose of Role:
This position will be responsible for (1) threshold tuning, (2) optimization of rules tuning and existing filter platform to improve effectiveness and efficiency, (3) create and execute test cases and scripts for testing of changes and releases
create tailor business rules to reduce hit rate, prepare tuning data, reviewing hit reduction strategies (5) identify and mitigate sanctions risks through periodic risk assessment on algorithms and rules. The incumbent is responsible for supporting leadership to ensure a globally consistent effort that enables continuing improvement to the sanctions screening capabilities and further mitigate potential financial crime.
Main Responsibilities:
In connection with the Global Financial Crimes program
Create and assist with the development of Sanctions and Name Screening Tuning & Optimization Methodology;
Create and execute test cases and scripts for testing of changes and releases
Create tailored business rules to reduce hit rate, prepare tuning data, reviewing hit reduction strategies
Plan, design, develop/implement code/configuration for Sanctions and Name screening application;
Identify and mitigate sanctions and AML risks through periodic risk assessment on algorithms and rules;
Perform data analysis to determine and verify business requirements/issues specification, flows and deliverables for projects;
Develop documentation related to production and pre-production tuning efforts and changes to sanctions and name screening systems to ensure comprehensive audit trail;
Create statistical representative samples for ATL/BTL testing in order to validate that the sanctions and name screening model is effective and functioning accordingly.
Help develop models involving tuning, calibration, and optimization.
Support the development of policies and procedures for sanctions and name screening life cycle.
Coordinate with Global Intelligence & Analytics teams to implement the global model.
Work collaboratively across functional teams within FCOA and GFCD to ensure effective and efficient operations with clearly defined roles and responsibilities.
Candidate Profile:
Skills and knowledge:
Knowledge of Sanction and Name Screening Optimization and Tuning.
Knowledge of 314A requirements, adverse media screening, PEP screening, and sanctions screening.
Ability to solve problems through mathematical and deductive reasoning.
Familiarity implementing, testing or evaluating performance of sanctions compliance systems.
Proven track record of strong quantitative testing and statistical analysis techniques as it pertains to Sanctions models, including name similarity matching, classification accuracy testing,unsupervised/supervised machine learning, neural networks, fuzzy logic matching, decision trees, etc.
Familiarity of current compliance rules and regulations of the FRB, SEC, OCC, FATF, FinCEN, OFAC, and familiarity with USA PATRIOT Act, BSA/AML and OFAC screening regulations.
Prior experience designing compliance program tuning and configuration methodologies, including what-if detection scenario analytics, excess over threshold, and sampling above/below-the-line (ATL/BTL) testing.
Working knowledge of one or more of the following programming platforms: SAS, Matlab,R, Python, SQL, VBA, etc.
Familiarity with vendor models like Hotscan,Actimize SAM/WLF, RDC, Bridger Insight,ACE Pelican,T CH OFAC Screening (EPN), Fircosoft, SWIFT STS, FICO Credit/Debit, Guardian Analytics, and Threat Metrix.
Strong knowledge about model risk management and associated regulatory requirements
Proven excellence in execution in complex and demanding situations
Collaborative with strong interpersonal communication skills
Systemic thinker across enterprise
Process oriented coupled with a strong ability to develop appropriate program enhancing strategies
Detail-oriented and organized execution
Executive level presentation skills
An Enterprise Risk Management perspective
Education & professional qualifications:
Bachelor’s Degree in Statistics, Mathematics, and Data Analysis/Programming related degree.
Master’s or Doctoral degree a plus.
Experience:
Overall experience of 6-14 years
3-14 years’ experience designing, analyzing, testing and/or validating BSA/AML models, and/or OFAC sanctions and AML name screening models.
Experience interacting with the Executive Committee Leadership, control function leadership, and compliance subject matter experts
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