Avp-pm-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 Roles and Responsibilities Individual will be responsible to ensure 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 Individual would also be responsible in capacity of People manager and their Performance management per the business requirements 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 Managing Stakeholders by liaising directly with Clients Sales Relationship Manager onshore teams and Local Account Officer within Client management and KYC teams and assist where appropriate Act as 1st Level of Escalation and in monitoring Group inboxes to timely provide resolution of issues and in working closely with local and regional management Act as a Subject Matter Expert within the EMEA Client Management Services in relation to all AML On-Boarding aspects assisting on ad-hoc queries where required In addition the individual will be required to represents the team and potentially the division bank to key stakeholders or in various RM desk calls on these matters Customer Due Diligence CDD and Enhanced Due Diligence EDD profile production for Head Office and other Global branches affiliates Corporates Financial institution Funds Bank individuals Checking client information through publicly internally available sources which ae sourced by analyst 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 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 Drive to build knowledge within the Anti-Money Laundering sector and to understand the rationale for underlying policy requirements Pursue Lean-On-Boarding actively seek out opportunities to improve the on-boarding process including the strengthening and implementation of controls and improving efficiency Individual to ensure all related team procedures processes and related material are kept up to date As a senior within the team the individual will be responsible for 2nd check and in some instances approval of various items within the team classification forms PEP Mems Exceptional handling escalations They may be required to conduct internal Quality Control reviews on KYC cases completed as and when required Initial point of escalation for queries to 2nd line and Management from Analysts or Sr Analysts within the team reviewing issues resolving where possible and escalating if required Escalation should be clear concise and where applicable include a proposed route forward based on individuals wider AML knowledge Training and Development of more junior members of the team Regular collaboration with the various Stakeholder such as RMs Clients Compliance Front Office Desk etc Keep abreast of developments in current trends and progress on money laundering bribery and corruption and it prevention JobRequirements SKILLS AND EXPERIENCE Functional Technical Competencies Strong KYC end to end knowledge for Low Medium and High risk clients STRONG Communication skills both WRITTEN and VERBAL to interact with Stakeholder - Clients RMs Sales and other stakeholders Attention to detail is essential To be able to navigate and operate in a demanding and dynamic environment Technical knowledge of various client types their structure Awareness of UK European Anti-Money Laundering regulations Ability to effectively utilize Microsoft Office particularly word excel Ability to independently drive projects and remediation related adhoc work Work Experience Person should have a bachelors degree in any stream any certification diploma in AML KYC domain would be an added advantage 7 - 12 years plus of experience in AML Compliance KYC preferably within the financial services industry with experience conducting EDD on foreign financial institutions 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 The ability to operate with urgency and prioritize work accordingly Strong decision making skills the ability to demonstrate sound judgement A structured and logical approach to work Strong problem solving skills 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 Knowledge in Microsoft Excel word Degree and AML related certifications preferred or equivalent work experience A confident approach with the ability to provide clear direction to more junior members of the team A strategic approach with the ability to lead and motivate more junior members of the team