Senior Analyst - KYC QC [T500-20410]

About Us :

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, MUFG has a global network with over 2,100 locations in more than 50 markets. The Group has over 160,000 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 of 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 Bank, Ltd. is Japan’s premier bank, with a global network spanning more than 50 markets. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments and individuals worldwide.

In Asia, MUFG has a presence across 20 markets – Australia, Bangladesh, Cambodia, China, Hong Kong, Indonesia, India, South Korea, Laos, Malaysia, Mongolia, Myanmar, New Zealand, Pakistan, Philippines, Singapore, Sri Lanka, Taiwan, Thailand and Vietnam.

It has also formed strategic partnerships with some of the most prominent banks in Southeast Asia, further augmenting its unrivalled network across the region – VietinBank in Vietnam, Krungsri in Thailand, Security Bank in the Philippines and Bank Danamon in Indonesia.

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.

About the Role : Position Title :

Senior Analyst

Corporate Title : Analyst

Reporting to : AVP

Location : Bangalore

Job Profile :

The Quality Control Analyst is responsible for performing a quality control review of the KYC file submitted by the Onboarding Unit to ensure compliance with the BSA / AML policy. The position reports into the QC Team Lead within the First Line of Defense Control Office and work on Financial Institutions.

The QC Analyst is responsible for :

Perform Quality Control reviews of Funds customers including CIP, CDD, EDD and SDD

• Ensure that KYC has been accurately completed in accordance with the quality standards and time frames set within established Policy, Procedures, Standards and Operating manual;

Ensure alert and case determination are appropriate, fully supported and clearly documented

Management of QC desktop manuals and procedures

Ensure that referrals (from SLoD) / escalation / information requests are properly dispositioned and appropriately documented

This position is typically expected to work a very large number of reviews with little oversight and serves as a Subject Matter Expert for KYC process

May be involved in the interview process for potential candidates for open positions. May receive delegated responsibilities from management

Primary Responsibilities :

(85%) Perform quality control reviews of KYC files created by the Onboarding team to determine if the review and research were conducted in accordance with the quality standards and timeframes set for within established procedures, bank policy and regulatory requirements. Ensures client data, business activity & narrative, products, alerts, documents, extension / exemption and other case determinations are appropriate, fully supported, and clearly documented. Document each review by thoroughly completing a QC Checklist. Demonstrate a detailed understanding of the various computer systems used for performing and documenting the investigations. Communicate concerns with the Onboarding unit and the Team Lead.

(5%) Maintains effective working relationships with key business partners. Maintains the ability to provide good customer service. Requires close working relationships with Financial Crime Risk Management business partners.

(5%) Assist the Manager / Team Leader with basic duties including case assignments, case reviews and staff training.

(5%) Stay abreast of developments concerning BSA / AML / Sanctions including internal policy, standards, onboarding process and system changes and work with management to ensure the bank remains in compliance.

(5%) Other duties as assigned.

Requirements :

Typically requires a Bachelor’s Degree and a minimum of 3-4 years of experience in KYC.

Experience reviewing and / or onboarding funds / Corporate etc.

Thorough knowledge of Foreign Financial Institutions and correspondent banking

Sound understanding of high-risk products and services (eg. High-Risk Wires, Trade Finance, etc.)

Experience working with Excel – Data entry, Pivot tables, formulas. Etc.

Excellent interpersonal skills including superior verbal and written communication skills.

Must be able to multi-task, adapt well to changing priorities and effectively prioritize workflow to meet critical deadlines

Ability to work in a fast-paced, demanding, and changing environment; must work well under pressure

Expert knowledge of BSA / AML laws and regulations relative to money laundering and terrorist financing and the ability to apply this knowledge in assessing client KYC profiles

Firm understanding of bank products and services especially foreign correspondent banking products and services

The ability and willingness to work independently is required. Must attend and complete Bank-sponsored job-related training

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 law