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Global Financial Institutions AML, VP

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  • Requisition # 10045774-WD
  • Job Type Day
  • Location Irving, TEXAS
  • Other Locations NEW YORK-New York
  • Date Posted 09/09/2021

Your potential. Your opportunity.

Do 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, we’re 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. It’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. We’re 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.

Some MUFG roles require that individuals be fully vaccinated against COVID-19, subject to medical and/or religious exemptions, if applicable. Should you be selected for an interview, your recruiter will provide additional information.

Job Summary:

Within the Global Financial Crimes Division (GFCD), Global AML Compliance Department, the Global Financial Institutions AML VP will report to the Global Head of Wholesale AML Advisory. As an AML/FCC subject matter expert on Correspondent Banking and Non-Bank Financial Institutions (“NBFIs”), they are responsible for creating guidance and providing ongoing advisory on risks and controls related to correspondent banking portfolio, inclusive of third party and affiliate banking relationships. They will focus on products and services offered to Financial Institutions (“FIs”), particularly payments products. 

Major Responsibilities:

  • Supports the oversight and execution of Global AML standards and procedures for FI clients, inclusive of correspondent banking and NBFIs.
  • Coordinates with regional and local AML officers, and other areas of Global Financial Crime Compliance, as needed 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 Global Head of Wholesale AML Advisory.
  • Supports risk re-evaluation and reviews of correspondent banking relationships globally in conjunction with other GFCD and first-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, NBFIs and payments products.
  • May at times serve as an escalation point for the business and other GCFD members on investigations, client due diligence issues, etc.
  • May assist with the creation and development of relevant global AML KYC templates and training materials.

Qualifications

The right candidate will have:

  • Demonstrated knowledge and expertise of banking laws and regulations administered by the US and major international regulatory and standards-setting bodies.
  • Subject matter expertise in payments and/or correspondent banking.
  • Demonstrated experience in leveraging investigative and intelligence output in assessing and managing AML risk across the enterprise.
  • Experience assessing payment transparency risks for global payment systems, including SWIFT and International ACH, is an advantage.
  • Collaborative with strong interpersonal communication skills.
  • Experience working in a global financial institution environment with multiple stakeholders in different jurisdictions.
  • 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 requires working with stakeholders across multiple time zones globally.
  • Position may require international travel.
  • Typically requires approximately 10 years of financial industry and compliance experience, preferably within a global organization.
  • BA or BS Degree strongly preferred (equivalent professional experience may be considered in lieu in exceptional circumstances).

MBA or Master’s degree in Business, Accounting, legal or related field preferred.

The 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.

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