Analyst - FI KYC [T500-21410]

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

Description :

The health and safety of our employees and candidates are very important to us. Due to the current situation related to the Novel Coronavirus (2019-nCoV), we’re leveraging our digital capabilities to ensure we can continue to recruit top talent at the MUFG Group. As your application progresses, you may be asked to use one of our digital tools to help you through your recruitment journey. If so, one of our Resourcing colleagues will explain how our video-interviewing technology will be used throughout the recruitment process and will be on hand to answer any questions you might have. If you’re looking for a career where you can make a real impression, join MUFG and discover how valued you’ll be.

Department Overview :

KYC Operations : the objective is to provide a best-in-class KYC process. It ensures that KYC profiles are prepared in accordance with Group and Regulatory Policy, obtaining documents as required from the client / relationship manager, undertaking all the necessary due diligence checks, and ensuring appropriate escalation is followed according to Policy.

The KYCS Service function has onshore hubs in Japan, Americas, EMEA, Singapore and Hong Kong. KYC Operations is responsible for providing centralized KYC production, validation of clients in support of both client on-boarding and periodic maintenance of client information. It has been tasked with creating a KYC profile service to provide a consistent approach for KYC across the countries of the Group as part of the overall Global Standards. The organization is expected to go through a transformation where new policies, processes and technologies will be implemented.

Position : KYC Analyst

Location : Bangalore, India

Legal Entity : MGS – India

Responsibilities :

Production of KYC profile to the highest quality standard & in line with the latest policies and procedures. Individuals are required to keep themselves updated on the latest procedural / policy changes across all streams.

Obtain & update all missing client documentation from the client (with the help of the RMs), ability to research and analyze large amounts of data and assess higher risk attributes (geographical, product / service, entity / industry type, transactional, etc.)

Following up on client profiles (In line with the latest escalation matrix) & making sure that all levels of signoff are in line with the latest Id matrix

Profiles to be sent for audit (after receiving all information) within standard timelines that have been defined Interfacing with Compliance, Sanctions and Relationship Managers where applicable, especially on matters that involve escalation of pending and ageing profiles

Excellent understanding of KYC, financial regulatory environment, Global banking regulations and AML risk implications

Thorough understanding of legal structures of various client types : financial institutions, corporate, NBFI, Trusts, Public / Government FIs, private companies, funds, SPV etc.

Proven skill sets in analyzing implications of mergers and acquisitions on legal identities & ownership structures of Corporate, FIs & Funds

Experience on AML / KYC tools such as SWIFT KYC Registry, Factiva, Bankers Almanac, RDC, Internet Research, Fenergo, etc

Sound knowledge of financial regulatory requirements

Ability to interpret complex changes in regulatory guidelines and assess the impact

Ability to work well under pressure with a high degree of accuracy & Ability to think from various angles and be proactive

Ensure one meets the set productivity target and Quality target month on month

Qualifications :

Minimum 2-3 Years of Customer Due Diligence / Enhance Due Diligence at a maker level (Experience in commercial banking KYC is most preferred)

Minimum Qualification : Graduation in Commerce / Finance or equivalent would be essential

Flexibility to work in different shift timings

Good understanding of MS office and proven skills on banking platforms

Excellent communication skills (Verbal & Written)

Additional certification : ACAMS, ICA, IIBF KYC and other Financial Crime Certifications (Optional)

MUFG Way “Committed to empowering a brighter future”