Job Description
About Us:
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. MUFG Bank, Ltd. is Japan’s 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 – Vietin Bank 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 MUFG’s global network across Americas, EMEA and Asia Pacific”
About the Role:
Position Title: Analyst
Corporate Title: Analyst / Sr Analyst
Location: Bangalore
Job Profile:
The First Line of Defense Unit is responsible to perform the Quality Assurance review of KYC routine review. Operations for both new onboarding, periodic reviews and ad-hoc reassessment. The objectives of the routine reviews is 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. Provides technical guidance to staff for research, analysis and documentation. 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 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
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. MUFG Bank, Ltd. is Japan’s 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 – Vietin Bank 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 MUFG’s global network across Americas, EMEA and Asia Pacific”
About the Role:
Position Title: Analyst
Corporate Title: Analyst / Sr Analyst
Location: Bangalore
Job Profile:
The First Line of Defense Unit is responsible to perform the Quality Assurance review of KYC routine review. Operations for both new onboarding, periodic reviews and ad-hoc reassessment. The objectives of the routine reviews is 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. Provides technical guidance to staff for research, analysis and documentation. 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 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
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