Job Description

About MUFG Global Service (MGS)
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 exchanges.For more informat

AboutUs:
MUFGBank, Ltd. is Japans 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.MUFGBanks parent, Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the worlds leading financial groups. Headquartered in Tokyo and with over 360 years of history, the Group hasabout120,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.
The Group aims to be the worlds 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.MUFGs shares trade on the Tokyo, Nagoya, and New York stock exchange.
Global Service Private Limited:
Established in 2020,MUFGGlobal Service Private Limited (MGS) is 100% subsidiary ofMUFGhaving 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. toMUFGBank offices globally. MGS India has plans to significantly ramp-up its growth over the next 18-24 months while servicingMUFGs global network across Americas, EMEA and Asia Pacific
About the Role:
Position Title: Manager / Assistant Vice President, KYC Advisory
Corporate Title: Assistant Vice President
Reporting to: Regional Head / Vice President of KYC Advisory
Location: Bangalore
Job Profile:
Purpose of Role:
The isan individual contributor rolein second line of defense, required to support the activities on the roll out of Global FCC Policies and Procedures in all MUFG branches in Asia.
Main Responsibilities:

• Being the regional role within Asia AML KYC/CDD Advisory Team, you are required to liaise / coordinate with the KYC and Country Financial Crimes Team on regular basis and support resolution of competing requirements between regulators and Internal FCC Policies and Procedures.
• Reviewing KYC / Client Onboarding / periodic review escalations and provide advice to First Line of Business and/or Operations Unit to ensure compliance with applicable regulatory requirements in Asia and internal FCC policies and procedures.
• Conducting Enhanced Due Diligence (for Corporate and FI customers) on prospective and existing high-risk clients to identify issues presenting potential legal, regulatory, sanctions or reputational risk, primarily utilizing publicly available data sources, vendor reports and/or reviewing client documentation.
• Reviewing a variety of cases of varying complexity, requiring a level of experience needed to effectively assess clients profile, its AML program, transactions, and customer relationships, and provide holistic assessment of the potential financial crime risks.
• Support the Branches Remediation efforts, review KYC related escalations and provide timely advice to First line of Business and/or Operations Unit to enable the business to meet/achieve their strategic objectives.
• Proactive management of client escalations, issues and other items that require special handling related to KYC record completions.
• Provide business analysis, design expertise, system testing and deployment of key initiatives to deliver on KYC & CDD change initiatives by reviewing business requirement documents (BRDs) or other functional requirements and act as SME for the project, coordinating end to end delivery, stakeholder management and writing procedures.
• Updating, drafting, and implementing applicable Internal procedures to comply with the Global FI Standards, including the Country KYC/ CDD procedures.
• Managing/attending various Country, Regional or Global working groups or forums that monitor and provide oversight to key AML risks

Roles and Responsibilities:
Skills and knowledge:

• Sound knowledge of Industry KYC/CDD/Compliance/Anti Money Laundering rules. Industry related certification (e.g., CAMS or ICA Diploma) will be an added advantage.
• Expertise in handling FI KYC / CDDs end to end will be a big plus.
• Thorough understanding of wholesale & transaction banking businesses/products, infrastructure, applications.
• Being aware of regulatory changes and current events, both local and cross border, that may have an impact on existing and potential client relationships in key jurisdictions.
• Strong ability to communicate effectively at all levels of the organization including front office individuals, skilled at diplomatically breaking down barriers and obstacles.
• Structured and process driven, analytical, inquisitive and apply sound judgements.
• Proficiency in PowerPoint and Excel, and experience in external database searches, such as World Check, Factiva, and Lexis/Nexis

Job Requirements:
Education & professional qualifications:

• Bachelors Degree or above.

Experience:

• Overall experience around 15 years for AVP. Between 10 to 12 years for Manager.
• 8-10 years of experience in CDD & EDD requirements on both Corporate and FI customers.
• Experience in second line of defense (SLOD) will be a huge plus.
• This role may not be suitable to people managers and those who aspiring to become people managers.

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.