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Global Financial Crimes Financial Institutions Anti-Money Laundering, Vice President

Company: MUFG Union Bank
Location: New York
Posted on: February 16, 2020

Job Description:

DescriptionDo you want your voice heard and your actions to count?Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2018). In the Americas, were 13,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, developing positive relationships built on integrity and respect. Its part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. Were a team that accepts responsibility for the future by asking the tough questions and owning the solutions. Join MUFG and be empowered to make your voice heard and your actions count.Role Summary:Within the Global Financial Crimes Division (GFCD), Complex Products Division, the Global Financial Institutions AML VP will report to the Global AML Head of Financial Institutions. As an AML/FCC subject matter expert on relationships with Banks and Non-Bank Financial Institutions, he or she is responsible for creating guidance and providing ongoing advisory on risks and controls related to correspondent banking portfolio, inclusive or third party and affiliate banking relationships. He or she will focus on products and services offered to Financial Institutions, specifically cross border payments. He or she will participate in the implementation of new standards and controls across multiple jurisdictions.Position Responsibilities:

  • Supports the maintenance of Global AML standards and procedures for financial institution clients, inclusive of correspondent banking and non bank financial institutions.
  • Assists with the creation and development of relevant global AML training materials.
  • Coordinates with regional and local AML officers, on an as needed basis.
  • Coordinates with other areas of the Global Financial Crime Compliance team to build partnerships and best practices.
  • Engages with relevant first-line business leaders to support their AML risk-management efforts as needed.
  • Assists with timely identification, resolution, and, as appropriate, escalation of client or control issues to the AML Head of Financial Institutions.
  • Supports risk re-evaluation and reviews of correspondent banking relationships globally in conjunction with other GFCD and fist-line business units; analyzes the findings of the risk reviews and making recommendations to maintain or exit a relationship with coordination across regions on consensus and decision making.
  • Remains current on industry developments, best practices and standards relating to correspondent banking and non bank financial institutions.
  • May at times serve as an escalation point for the business and other GFCD members on investigations, client due diligence issues, etc.
  • Support global implementation of new standards and requirements related to AML controls for Financial Institutions.QualificationsQualifications:
    • Extensive, demonstrated knowledge and expertise in banking laws and regulations administered by the Federal Reserve Bank, FDIC, OCC and state banking regulators; compliance risk management and regulatory oversight.
    • Subject matter expertise in correspondent banking and cross-border payment activity.
    • Demonstrated experience in leveraging investigative and intelligence output in assessing and managing AML risk across the enterprise
    • Collaborative with strong interpersonal communication skills.
    • Experience working in a global financial institution environment with multiple stakeholders in different jurisdictions.
    • Knowledge and experience with FATF and Wolfsberg guidance on AML and sanctions related to correspondent banking
    • Detail oriented and proven execution abilities.
    • The ability to interact effectively with peers and management.
    • Thorough understanding of an effective financial crimes risk management framework.
    • Demonstrated ability to manage multiple assignments simultaneously.
    • Ability to work autonomously and initiate and prioritize own work.
    • Ability to balance regulatory requirements with the best interests of the Bank and its customers.
    • Position may require international travel.
    • Requires a minimum of 7 years of financial industry and compliance experience, preferably within a global organization.
    • BA or BS Degree preferredThe above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.We are proud to be an Equal Opportunity / Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives, and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it's the bank's policy to only inquire into a candidate's criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.Job: CompliancePrimary Location: NEW YORK-New YorkShift DayReq ID: 10032818-WD

Keywords: MUFG Union Bank, New York , Global Financial Crimes Financial Institutions Anti-Money Laundering, Vice President, Executive , New York, New York

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