AVP - APAC KYC Advisory [T500-18872]

About Us :

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 exchange.

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 MUFG’s global network across Americas, EMEA and Asia Pacific

About the Role :

Position Title : Manager / Assistant Vice President, KYC Advisory

Corporate Title : Assistant Vice President

Reporting to : Regional Head / Vice President of KYC Advisory

Location : Bangalore

Job Profile : Purpose of Role :

The is an individual contributor role in second line of defense, required to support the activities on the roll out of Global FCC Policies and Procedures in all MUFG branches in Asia.

Main Responsibilities :

• Being the regional role within Asia AML KYC / CDD Advisory Team, you are required to liaise / 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.
• Reviewing a variety of cases of varying complexity, requiring a level of experience needed to effectively assess client’s profile, its AML program, transactions, and customer relationships, and provide holistic assessment of the potential financial crime risks.
• Support the Branches Remediation efforts, review KYC related escalations and provide timely advice to First line of Business and / or Operations Unit to enable the business to meet / achieve their strategic objectives.
• Proactive management of client escalations, issues and other items that require special handling related to KYC record completions.
• Provide business analysis, design expertise, system testing and deployment of key initiatives to deliver on KYC & 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.
• Updating, drafting, and implementing applicable Internal procedures to comply with the Global FI Standards, including the Country KYC / CDD procedures.
• Managing / attending various Country, Regional or Global working groups or forums that monitor and provide oversight to key AML risks

Roles and Responsibilities :

Skills and knowledge :

Job Requirements :

Education & professional qualifications :

Experience :

Equal Opportunity Employer :

The MUFG Group is committed to providing equal employment opportunities to all applicants and employees and does not discriminate on the basis of race, colour, national origin, physical appearance, religion, gender expression, gender identity, sex, age, ancestry, marital status, disability, medical condition, sexual orientation, genetic information, or any other protected status of an individual or that individual's associates or relatives, or any other classification protected by the applicable laws.