Analyst / Sr.analyst Us Kyc

About MUFG Global Service MGS MUFG Bank Ltd is Japan s 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 Bank s parent 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 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 world s 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 MUFG s shares trade on the Tokyo Nagoya and New York stock exchanges For more informat 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 Analyst Sr Analyst Corporate Title Analyst Reporting to Manager or Assistant Vice President Location Bangalore Job Profile Position Detail This individual will be responsible for conducting periodic KYC reviews New Business Onboarding Ad-hoc review for all MUFG Bank US region these are primary Financial Institution Banks Corporates and Individual customers existing new business relationships The role will require to perform customer Due Diligence based on the required regulatory standards including Screening Bribery Corruption Adverse Media Sanctions Regulatory classification and other suitability assessments like risk and enhance due diligence based on scenario The individual will work under MGS leadership to ensure effective and time bound due diligence is completed on cases within required SLA Roles and Responsibilities Individual will be responsible to conduct Know Your Customer KYC Operations services including Customer Due Diligence CDD for either New to Bank or Existing Clients for Renewals based on standard operating procedures SOP Operating manuals OM as defined by the local regional and global FC Teams Job Responsibilities These responsibilities include but are not limited to providing support in conducting the tasks listed below as per SOPs which may be amended from time to time Customer Due Diligence CDD and Enhanced Due Diligence EDD profile production for Head Office and other global branches affiliates corporates financial institutions funds banks and individuals Checking client information through publicly or internally available sources which are sourced by analysts Preparing and checking KYC questionnaires handling emails or calls with clients during the outreach process Reviewing screening performed by analysts in accordance with bank policy and escalating true hits to Adverse Findings Completing and reviewing CDD and EDD profiles according to a predetermined review schedule in a timely manner Acting as a Subject Matter Expert SME by providing guidance on first-level escalations or exceptional scenarios Being responsible for top-tier clients or front office desks based on business requirements Assisting the business in taking appropriate actions when changes occur to existing customer profiles e g Event-Driven Reviews administrative triggers escalations Completing relevant identification verification and bribery corruption checks for prospective transactions involving existing or new-to-bank clients to identify potential reputational business PEP Politically Exposed Person adverse media hits and sanction risks Liaising directly with clients Sales Relationship Managers onshore teams and Local Account Officers within client management and KYC teams and assisting where appropriate Ensuring timely and proactive escalation and resolution of issues working closely with local and regional management Driving knowledge-building within the anti-money laundering sector and understanding the rationale behind underlying policy requirements Leading or assisting with minor ad hoc projects or remediations and supporting other team members as required Job Requirements Skills and Experience Functional Technical Competencies Strong end-to-end KYC knowledge for low medium and high-risk clients Strong communication skillsboth written and verbalto interact effectively with clients RMs Sales and other stakeholders High attention to detail Technical knowledge of various client types and structures such as financial institutions corporates banks foundations trusts charities joint ventures and special purpose vehicles Experience working with banks is a must Familiarity with internal MUFG Bank systems such as CIS NET EDM OVS etc would be an added advantage Work Experience Bachelors degree in any field E Certification or diploma in AML KYC is an added advantage 28 years of experience in AML Compliance and KYC preferably in the financial services industry including experience conducting EDD on foreign financial institutions Must have completed at least 1 year in the current role within the MGS organization if applicable Experience reviewing complex documentation such as ownership structures Wolfsberg Questionnaires and organizational documents like MOA AOA COI etc Strong working knowledge of AML Sanctions laws and regulations related to money laundering and terrorist financing with the ability to apply this knowledge in assessing transactions and customer profiles Must be able to multitask adapt to changing priorities and effectively manage workflow to meet critical deadlines Strong critical thinking and problem-solving skills Ability to work in a fast-paced and demanding environment and remain effective under pressure Ability and willingness to work both independently and collaboratively in a team environment Ability to maintain effective working relationships with key business partners Familiarity with financial crime risk and compliance applications is preferred Effective internet research skills and experience using third-party tools Proficiency in Microsoft Excel and Word AML-related certifications preferred or equivalent work experience