Financial Services Compliance Expert

4 weeks ago


Bengaluru, Karnataka, India MUFG Full time

About MUFG Bank, Ltd.

MUFG Bank, Ltd. is Japan's premier bank, with a global network spanning over 40 markets worldwide. It offers an extensive scope of commercial and investment banking products and services to businesses, governments, and individuals globally.

The Group aims to be the world's most trusted financial group through close collaboration among its operating companies and flexible response to all financial needs of its customers, serving society, and fostering shared and sustainable growth for a better world.

Job Title: Assistant Vice President, AML KYC/CDD Advisory

Location: Bangalore

Key Responsibilities:

  • Liaise and coordinate with the KYC and Country Financial Crimes Team on regular basis and support resolution of competing requirements between regulators and Internal FCC Policies and Procedures.
  • Reviewing KYC / Client Onboarding / periodic review escalations and provide advice to First Line of Business and/or Operations Unit to ensure compliance with applicable regulatory requirements in Asia and internal FCC policies and procedures.
  • Conducting Enhanced Due Diligence (for Corporate and FI customers) on prospective and existing high-risk clients to identify issues presenting potential legal, regulatory, sanctions or reputational risk, primarily utilizing publicly available data sources, vendor reports and/or reviewing client documentation.
  • Updating, drafting and implementing applicable Internal FCC policies and procedures, includingCountry Operating Manuals And Addendums.
  • Provide business analysis, design expertise, system testing and deployment of key initiatives to deliver on KYC & Client Due Diligence (CDD) change initiatives by reviewing business requirement documents (BRDs) or other functional requirements and act as SME for the project, coordinating end to end delivery, stakeholder management and writing procedures.
  • Support the embedment of the risk framework for all financial crime risks (AML, ABC, Sanctions) within client processes including the KYC/ CDD procedures.
  • Propose control effectiveness, efficiency improvements and simplifications in accordance to applicable Internal FCC policies and procedures where appropriate.
  • Interact within wider FCC and other Business Units for the implementation of policies and procedures; execute oversight function to monitor; audit and compliance testing reviews and provide training support to employees on FCC related topics.

Candidate Requirements:

  • Sound knowledge of Industry KYC / CDD / Compliance / Anti Money Laundering rules.
  • Being aware of regulatory changes and current events, both local and cross border, that may have an impact on existing and potential client relationships.
  • Strong ability to communicate effectively at all levels of the organization including front office individuals, skilled at diplomatically breaking down barriers and obstacles.
  • Detailed oriented, analytical, inquisitive and apply sound judgements.
  • Proficiency in PowerPoint and Excel, and experience in external database searches, such as World Check, Factiva, and Lexis/Nexis.

Estimate Salary: ₹15-20 lakhs per annum



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