Analyst - Global FI EDD [T500-21844]

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 2,700 locations in more than 50 markets. The Group has over 180,000 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 (MGS):

Established in 2019, MUFG Global Services (MGS) is 100% subsidiary of MUFG Bank Ltd having offices in Bengaluru and Mumbai. MGS 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, Trade Finance etc. to MUFG Bank offices globally. With a current headcount of over 1000 employees, 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:

Corporate Title:

Reporting to:

Location

Job Profile:

Purpose of Role:

• Delivering high-quality and pro-active support to business activities and assisting the firm to do business in the right way.

Main Responsibilities:

• The analyst will review and ensure that EDD documentation is appropriate.
• Review and assess information about the FFIs’ AML programs, for example by using the Wolfsberg CBDDQ responses
• Review transactional data and identify any potential red flags / inconsistencies within a given timeframe
• Conduct screening in accordance with Bank policy and escalate true hits to Adverse Findings.
• Identify red flags and escalate accordingly using sound judgement
• Synthesize information from multiple data sources into a clear evaluation and recommended actions
• Prepare detailed and concise client narratives
• Generates a list of Proposed Questions for AML Advisory in preparation for the customer site
• visit / call
• Performs additional due diligence based on the outcome of the Site Visits/Calls as needed
• In addition to maintaining daily operations, ad-hoc projects will be assigned regularly

Candidate Profile:

Skills and knowledge:

• Experience reviewing comprehensive documents inclusive of complex ownership structures
• Wolfsberg Questionnaires (CBDDQ, FCCQ and AML programs of FI clients).
• Strong working knowledge of AML / Sanctions laws and regulations relative to money laundering and terrorist financing and the ability to apply this knowledge in assessing transaction activity and customer profiles.
• Excellent organizational communication (with a focus on writing), interpersonal, and analytical skills, are required. Must be able to multi-task, adapt well to changing priorities, and effectively prioritize workflow to meet critical deadlines.
• Critical thinking and problem-solving skills a must.
• Ability to work in a fast-paced, demanding environment and must work well under pressure.
• The ability and willingness to work both independently and in a team, environment is required.
• Maintains effective working relationships with key business partners.
• Familiarity with Actimize and other financial crime, risk and compliance applications is a plus.
• Effective Internet and research skills and usage of third-party tools.
• Strong proficiency in Microsoft Excel.

Education & professional qualifications:

• Bachelor’s Degree and AML related certifications preferred or equivalent work experience.
• 3 to 5 years’ experience in AML Compliance & KYC preferably within the financial services industry with experience conducting EDD on foreign financial institutions.