Analyst - QA US KYC [T500-20948]

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.

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 : Analyst

Corporate Title : Analyst / Sr Analyst

Location : Bangalore

Job Profile / Primary Responsibilities :

The First Line of Defense Unit is responsible to perform the Quality Assurance review of KYC routine review. Operations for both new onboarding, periodic reviews and ad-hoc reassessment. The objectives of the routine reviews are to ensure of having a control process to determine whether process output adheres to established quality objectives and to provide reasonable assurance to management that target outcomes are achieved. As such, KYC QA reviews are an integral part of process management and improvement. It is the responsibility of process owners to ensure that results of QA reviews pertaining to the financial crimes control processes under their purview are : (i) communicated to the appropriate parties; and (ii) addressed in a timely manner. This position is typically expected to work a very large number of reviews with little oversight. Provides technical guidance to staff for research, analysis and documentation. May receive delegated responsibilities from management.

Major Responsibilities :

Perform Quality assurance of client KYC profile completed by KYC Onboarding team to determine if the review and research were conducted in accordance with the Quality Assurance standards and timeframes set for within established procedures, bank policy and regulatory requirements. Document each review by thoroughly completing a QA checklist.

Support the development of QA processes based on the identified quality standards

Provide subject matter expertise to KYC functions throughout the enterprise

Perform other duties as assigned

Qualifications :

Bachelor's degree preferred; applicable work experience will be considered.

Minimum of 3 years of direct work experience in AML risk analysis or equivalent with related experience in other areas of banking and preferably in the financial services industry.

Knowledge of Federal regulations (especially BSA / AML / OFAC).

Experience in Securities

Proficient knowledge of MS Word, Excel, Access.

Ability to work independently and to make informed decisions.

Strong verbal, written and interpersonal communication skills.

Ability to recognize risks and make decisions based on sensory data or known guidelines

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.