Analyst- India 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 Job Requirements Skills and Experience Functional Technical Competencies Strong INDIA KYC end to end knowledge for Low Medium High-risk clients including SEBI RBI guidelines STRONG Communication skills both WRITTEN and VERBAL to interact with Clients RMs Sales and other stakeholders Attention to detail is essential Knowledge of India CKYC KRA tools for KYC uploads downloads Technical knowledge of various Client types their structure such as Issuers Investors Financial Institution Securities Corporates Bank Foundations Trust Charity Joint ventures and Special Purpose Vehicle etc Work Experience A person should have a bachelors degree in any stream any certification diploma in AML KYC domain would be an added advantage Minimum 4 years and plus experience in INDIA AML Compliance KYC preferably within the financial services industry with experience conducting EDD on foreign financial institutions Should have exposure and experience working on CERSAI KRA registry etc Experience reviewing comprehensive documents like complex ownership structures and Wolfsberg Questionnaires various organizational documents like MOA AOA COI etc Strong working knowledge of INDIA AML Sanctions laws and regulations relative to money laundering and terrorist financing and the ability to apply knowledge in assessing transaction activity and customer profiles Must be able to multi-task adapt well to changing priorities and effectively prioritize workflow to meet critical deadlines Critical thinking and problem-solving skills are a must Ability to work in a fast-paced demanding environment and must work well under pressure The ability and willingness to work both independently and in a team environment is required Maintains effective working relationships with key business partners Familiarity with Actimize and other financial crime risk and compliance applications would be preferred Effective Internet and research skills and usage of third-party tools Decent knowledge in Microsoft Excel word Degree and AML related certifications preferred or equivalent work experience Roles and Responsibilities Individual will be responsible to conduct India Know Your Customer KYC Operations services including Customer Due Diligence CDD for New to Bank or Existing Clients based on standard operating procedures SOP Operating manuals OM as defined by the local regional and global FC Teams These responsibilities include but are not limited to providing support in conducting the items listed below as per SOPs and 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 Issuers Investors Corporates Financial institution Funds Bank Checking client information through publicly internally available sources which are sourced by analysts Prepare check the KYC questionnaire emails or calls with Client for outreach process Checking screening performed by analyst in accordance with Bank policy and escalate true hits to Adverse Findings Complete review CDD and EDD profiles to a pre-determined review schedule in a timely manner Act as Subject Matter expert in providing the guidance on first level escalation or exception scenarios Responsible for some of the key top tier Clients or Front Office Desks basis the business requirements Assist the business where changes occur to existing customer profiles by taking appropriate actions i e Event Driven Reviews administrative triggers escalations Complete relevant Identification Verification and Bribery Corruption checks for prospective transactions for existing or new to bank Clients to identify potential reputational business PEP Politically Exposed person adverse media hits and Sanction risks etc Liaise and connect directly with Clients Sales Relationship Manager onshore teams and Local Account Officer within Client KYC Group per business requirements and assist where appropriate Timely and proactive escalation and resolution of issues working closely with local and regional management Drive to build knowledge within the Anti-Money Laundering sector and to understand the rationale for underlying policy requirements Drive minor ad hoc projects or remediations where necessary and assist other members of the team as required