Manager / AVP - Sanctions Screening Tuning & Optimization

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 : GFC Sanctions Screening Tuning Team - Manager

Corporate Title : AVP

Reporting to : VP Global Financial Crimes Sanctions Design, Tuning and Optimization

Location : Bangalore

Job Profile

Purpose of Role :

This new position has been created to establish GFCD's for the purpose of establishing GFCD Operations Intelligence & Analytics capabilities for BTMU. One of several key positions in the new Global Financial Crimes Division Operations function, this position will be responsible for threshold tuning, optimization of rules tuning and existing filter platform to improve effectiveness and efficiency, create and execute test cases and scripts for testing of changes and releases, create tailor business rules to reduce hit rate, prepare tuning data, reviewing hit reduction strategies, identify and mitigate sanctions risks through periodic risk assessment on algorithms and rules.

The incumbent is responsible for supporting leadership to ensure a globally consistent effort that enables continuing improvement to the sanctions screening capabilities and further mitigate potential financial crime.

Main Responsibilities :

• In connection with the Global Financial Crimes program
• Ability to independently manage, organize, and prioritize multiple tasks, projects and responsibilities
• Create and execute test cases and scripts for testing of changes and releases
• Create tailored business rules to reduce hit rates, prepare tuning data, reviewing hit reduction strategies
• Plan, design, develop / implement code / configuration for Sanctions screening application;
• Identify and mitigate sanctions risks through periodic risk assessment on algorithms and rules;
• Perform data analysis to determine and verify business requirements / issues specification, flows and deliverables for projects.
• Produce meaningful reports from output of Sanctions screening for reporting to senior management
• Create statistical representative samples for ATL / BTL testing in order to validate that the sanctions screening model is effective and functioning accordingly.
• Process large amounts of data for statistical modeling and graphic analysis.
• Perform model validation, memorializing model selection rationales and defined assumptions.
• Develop and test experimental designs, sampling techniques, and analytical methods in order to monitor new typologies and emerging risks.
• Develop data mining methodologies, including logistic regression, random forest, xgboost and Bayesian networks
• Help develop of models involving tuning, calibration, segmentation and optimization.
• Support the development of policies and procedures for sanctions screening life cycle.
• Coordinate with regional Intelligence & Analytics teams to implement the global model.
• Work collaboratively across functional teams within GFCD to ensure effective and efficient operations with clearly defined roles and responsibilities.

Roles and Responsibilities :

Skills and knowledge

Job Requirements : Additional skills

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.