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Analyst / Sr.Analyst US KYC

Analyst / Sr.Analyst US KYC

MUFG Global Service (MGS)Bengaluru, India
30+ days ago
Job description

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.
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