Senior Analyst - QA US KYC MUBK

About Us

Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the worlds leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with over 2,100 locations in more than 50 markets. The Group has over 160,000 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 of 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 exchanges.

MUFG Bank, Ltd. is Japans 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.

For more information, visit

MUFG Global Service Private Limited

Established in 2020, MUFG Global Service Private Limited (MGS) is 100% subsidiary of MUFG Bank Ltd having 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. to MUFG Bank offices globally. MGS India has plans to significantly ramp-up its growth over the next 18-24 months while servicing MUFGs global network across Americas, EMEA and Asia Pacific

About the Role

Position Title: Analyst

Corporate Title: Analyst / Sr Analyst

Location: Bangalore

Job Profile / Primary Responsibilities

The First Line of Defense Unit is responsible to perform the Quality Assurance review of US Branch KYC customer records. The US KYC QA team performs reviews for new onboarding, periodic reviews and ad-hoc reassessments. The objectives of the routine reviews are to ensure of having a control process to determine whether process output adheres to established quality objectives and to provide reasonable assurance to management that target outcomes are achieved. As such, KYC QA reviews are an integral part of process management and improvement. It is the responsibility of process owners to ensure that results of QA reviews pertaining to the financial crimes control processes under their purview are: (i) communicated to the appropriate parties; and (ii) addressed in a timely manner. This position is typically expected to work a very large number of reviews with little oversight. The person in this role provides technical guidance to staff for research, analysis and documentation. Additionally, this person may receive delegated responsibilities from management.

Major Responsibilities:

• Perform Quality assurance of client KYC profile completed by KYC Onboarding team to determine if the review and research were conducted in accordance with the Quality Assurance standards and timeframes set for within established procedures, bank policy and regulatory requirements. Document each review by thoroughly completing a QA checklist.
• Support the development of QA processes based on the identified quality standards
• Provide subject matter expertise to KYC functions throughout the enterprise
• Perform other duties as assigned

Qualifications:

• Bachelor's degree preferred; applicable work experience will be considered.
• Minimum of 5+ years of direct work experience in KYC in a banking domain and preferably in the financial services industry.
• Knowledge of United States Federal regulations (especially BSA/AML/OFAC).
• Experience of at least 3 years in QC / QA function in US Region
• Proficient knowledge of MS Word, Excel, Access.
• Ability to work independently and to make informed decisions.
• Strong verbal, written and interpersonal communication skills.
• Ability to recognize risks and make decisions based on sensory data or known guidelines