Assistant Vice President, KYC Advisory Team - Financial Crime Division

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 150,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.

Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.

OVERVIEW OF THE DEPARTMENT/SECTION

In MUFG, we are committed to being the world’s most trusted financial group. As part of our commitment, in our Global Financial Crime Directorate (GFCD), we are consolidating and improving key elements of our global financial crime detection and prevention operations.

This will enable us to increase and enhance the effectiveness of our operational financial crime prevention and detection expertise and oversight, by consolidating and focusing the knowledge, capabilities, insight and experience of our people along with refined and improved processes, training and technologies.

We want to work with ambitious, energetic, service-focused people with experience of working in Financial Crime, who are dedicated to protecting our customers – and the wider global economy, while developing world-class anti-money laundering (AML) and know-your-customer (KYC) skills and capabilities.

MAIN PURPOSE OF THE ROLE 

You will be supporting our Financial Crime Operations team, delivering against our objectives for Europe, Middle East and Africa (EMEA). In this role you will be working within the Know Your Customer (KYC) team:

• Delivering high-quality support to business activities, assisting the firm to do business in the right way and to grow its business-footprint.
• Ensuring key processes are run efficiently to deliver quality and reliable information, to support the firm’s business growth and control procedures. 
• Delivering risk-based assurance to the firm’s senior management and the Group through independent challenge and quality reporting.
• Understanding new regulations and procedural changes while pro-actively implementing new ways of working to increase efficiencies.

KEY RESPONSIBILITIES

• Risk based review of high risk client KYC files pertaining to new business, periodic reviews and event driven review; providing recommendations and guidance as required
• Reviews assess a broad parameter of risk elements in order to complete a client risk profile and determine if client remains within risk appetite
• Processing ad-hoc advisory requests from the centralised onboarding unit, including but not limited to, queries relating to completing KYC on complex ownership structures and complex transactions and providing risk recommendations.
• Reviewing and processing KYC escalations from Front Office, including reviewing escalation memos for sign off by Head of KYC and/or the Money Laundering Reporting Officer.
• Adhoc attendance at, and contribution to, compliance to compliance client calls, addressing key financial crime risk questions which may arise
• Supporting technology and System development, providing inputs into funding, prioritization requests, and business cases for system enhancements and upgrades.
• Assessing screening escalations in relation to Politically Exposed Persons, Adverse Media and Sanctions alerts
• Analysing data and producing management reports and Key Performance Indicators to support business decisions.
• Identify and recommend solutions to process deficiencies/inefficiencies as required. Where possible, create and implement solutions using own initiative and within deadlines
• Processing Anti-Social Element Checks
• Updating procedures, and understanding the gaps, in line with UK and Global regulatory and legal requirements, including advisory guidance, implementing local rollouts and provision training.
• Managing governance meetings and key stakeholders.
• Supporting business as usual activities and other duties, including adhoc projects as assigned.
• Liaise with colleagues from the MUS affiliates and other group companies to deliver efficient processes and consistent risk management practices where possible

WORK EXPERIENCE

• Minimum five (5) years KYC experience is essential for this role.
• Experience of performing KYC for high risk clients, complex structures, PEPs
• Good understanding of Financial Crime Risk and common red flags
• Experience of KYC quality checking and/or assurance testing required.
• Experience of performing KYC on Financial Institution and Correspondent Banking clients – (not essential)

SKILLS AND EXPERIENCE

• Knowledge of KYC and the regulatory environment.
• Good understanding of JMLSG and Regulatory KYC requirements
• General understanding of IT systems used in the KYC area

PERSONAL REQUIREMENTS

• Excellent communication skills.
• Results driven, with a strong sense of accountability.
• A proactive, motivated approach.
• The ability to operate with urgency and prioritise work accordingly.
• Strong decision-making skills, the ability to demonstrate sound judgement.
• A structured and logical approach to work.
• Strong problem-solving skills.
• Excellent interpersonal skills.
• The ability to manage large workloads and tight deadlines.
• Excellent attention to detail and accuracy.
• A calm approach, with the ability to perform well in a pressurised environment.

We are open to considering flexible working requests in line with organisational requirements.

MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued, respected and their opinions count. We support the principles of equality, diversity and inclusion in recruitment and employment, and oppose all forms of discrimination on the grounds of age, sex, gender, sexual orientation, disability, pregnancy and maternity, race, gender reassignment, religion or belief and marriage or civil partnership.

We make our recruitment decisions in a non-discriminatory manner in accordance with our commitment to identifying the right skills for the right role and our obligations under the law.