Senior Analyst

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 Sr Analyst Corporate Title KYC QA Analyst Reporting to AVP Operations internal Manager Location Bangalore Job Profile Purpose of Role This individual will be responsible conducting KYC QA reviews on KYC completed by APAC KYC QA branches and responsible for the changes in the APAC KYC QA OM changes Main Responsibilities This individual will be responsible conducting KYC QA reviews on KYC completed by APAC KYC QA branches Main Responsibilities Conducting QA on samples for APAC KYC QA branches making sure all requirements are captured in KYC QA tools appropriately Any remediation requirements coming out of QA checks should be communicated and mitigated by respective branches Working closely on KYC QA tools based the countrys requirements regularly to ensure monthly QA checks are completed within SLAs and ensuring smooth functioning of QA work Be responsible for the KYC QA OM uplifts when the KYC OM gets version changed The individual will work under MESI leadership and will ensure effective and time bound QA checks are completed across APAC branches within required SLA 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 Conduct KYC QA based on the latest KYC QA policy and procedures for branches across APAC Maintain and ensure all the requirements are updates as per KYC QA tools Liaising with various departments and internal stakeholders to create collaborative work relationships understand their data requirements propose the solutions advocate the team values obtain their supports when required etc Work with KYC QA team leads to ensure the QA reports are published with in approved SLAs Create data visualizations and reports for other stakeholders to comprehend business facts and trends to make better decisions Work with relevant stakeholders to identify process improvement opportunities propose system modifications and devise data governance strategies Work with KYC branches and be part of team which helps in improving the process and provides resolution of issues Being a Sr Analyst one must be prepared to mentor other analysts to come up the learning curve or support growth and learning Proactively pick up training as a part of the role which includes and is not limited to new joiners and branches Work with key stakeholders like Global Quality Assurance KYC Country leads and coordinators KYC QA management Local Regional Financial Crime Teams and ensure discussion with all these stakeholders is planned on a need basis to ensure smooth functioning of process Countries where translation guidance is applicable QA sr analyst will need to ensure Job Aid is appropriately followed SKILLS AND EXPERIENCE Functional Technical Competencies Awareness of detailed KYC knowledge Attention to detail is essential Detailed technical knowledge of various client types their structure Excellent communication skills both written and verbal Demonstrated experience in establishing strong credibility to build influential relationships stakeholders to identify gaps and improvements within KYC process Be a team player Work Experience Person should have a bachelors degree in any stream Any certification diploma in AML KYC domain would be an added advantage 4-5 years experience in AML Compliance KYC preferably within the financial services industry with experience conducting EDD on foreign financial institutions Must have a minimum of 2-3 yrs of QC experience QA experience will be an added advantage Experience reviewing comprehensive documents like complex ownership structures and Wolfsberg Questionnaires various organizational documents like MOA AOA COI etc Strong working knowledge of AML Sanctions laws and regulations relative to money laundering and terrorist financing and the ability to apply this 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 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 Good knowledge in Microsoft Excel 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