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KYC Professional - Onboarding

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  • Requisition # 10037103-WD
  • Job Type Day
  • Location Jersey City, NEW JERSEY
  • Date Posted 08/01/2020

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 14,000 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.

Job Summary

Onboarding and Know Your Customer (KYC) [Analysts] are responsible for completing Client Identification and Customer Due Diligence files for new and existing customers and maintenance of customer data in support of Front Office business lines. Process includes performing KYC research and related OFAC checks, compliance exemption requests, and other inter-departmental requests. Analysts must track onboarding and re-assessment pipeline and manage assignments. Analysts are part of the Middle Office - Data Assurance Department (DAD), and work closely with Relationship Managers (RM’s) and Portfolio Managers (PM’s), with Tax Operations, Regulatory Reporting teams, with Compliance Division Officers, and with other operation teams. Analysts are responsible for meeting Service Level Agreements (SLA) with various Business Units and for utilizing departmental tracking systems. Analysts are responsible for following established guidelines and identifying and resolving problems. KYC Analysts are expected to use some independence of thought but to refer more complex problems to supervisors or other experts. Analysts are expected to contribute to work flow or process change and redesign, and to form a strong basic understanding of the customer on-boarding, KYC, and maintenance. Role may also be accountable for regular reporting or process administration as owner. The ideal Analyst candidate has experience working in a professional environment, is a strong researcher with exacting attention to detail, is an excellent written and verbal communicator, is very computer savvy, and has familiarity with operations in a financial institution.

  • Research, analyze , collect, capture, and address all essential aspects of KYC including but not limited necessary documents/ information, drilling down on beneficial ownership for higher risk clients, and addressing sanctions issues
  • Coordinate directly with bank stakeholders to obtain relevant KYC requirements. (i.e. Compliance, Front Office).
  • Maintain customer record data that via request, data anomaly reports, and remediation.
  • Promptly respond to queries and assist with problem-solving of matters received from personnel internal to the Bank
  • Implement process improvement to create efficiencies and ensure procedural gaps are closed.
  • Maintain detailed tracking of KYC file status and other customer record activities to ensure completion within required timeframes
  • Perform special projects and UAT testing as required and any other duties as assigned
  • Keep team management informed of status of onboardings / reassessments and proactively identify and flag issues Qualifications

  • 1-5 years of experience in general or Financial Crimes compliance or a JD
  • General understanding of BSA/AML/OFAC/SAR regulations
  • Excellent attention to detail, organized approach and strong problem solving/facilitation abilities
  • Mature approach with excellent influential communication (verbal/written) skills
  • Strong time management,, work organization and multi-tasking skills  with a drive for efficiency, accuracy and risk management controls while maintaining 100% dedication, excellent attitude and flexibility
  • Effective Internet and research skills and usage of third-party tools such as Dun Bradstreet, LexisNexis, government registries, etc.
  • Proficiency in MS Office - Word, Excel, PowerPoint, Access
  • Spanish fluency strongly preferred / Japanese skill would be beneficial

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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