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KYC Quality Assurance Manager, VP - Hybrid (NJ)

Company: MUFG
Location: Jersey City
Posted on: September 18, 2022

Job Description:

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. Across the globe, we're 180,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.With a vision to be the world's most trusted financial group, it's part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.This is a hybrid position. There are flexible work from home options available. A member of our recruitment team will discuss the options with you in more detail.Job Summary: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:Directly supervise multiple QA teams of professional staff to ensure timely completion of the work load. Provide staff with strategic and day-to-day direction in their assigned responsibilities. Perform traditional managerial functions including staff recruiting, establishment of performance goals, coaching and training, performance counseling and appraisal.Develop and monitor QA framework, manage work queues, assign cases to analystsPerform 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 checklistProvide subject matter expertise to KYC functions throughout the enterpriseMaintain working knowledge of all regulatory obligations and be able to relate them to MUFG policies and proceduresContribute to the evolution of global and local KYC policies and guarantee team knowledge of any updatesPlay a key role in the development and roll-out of both strategic and tactical process changesMaintain strong working relationship with stakeholders in both the first line and second line of defensePerform other duties as assignedQualifications:Bachelor's degree preferred; applicable work experience will be consideredRelevant experience in successfully building out and managing a teamMinimum of 10 years of direct work experience in AML risk analysis or equivalent with related experience in other areas of banking and preferably in the financial services industryKnowledge of Federal regulations (especially BSA/AML/OFAC)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 guidelinesACAMS certified preferredThe 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 on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual's associates or relatives that is protected under applicable federal, state, or local law.

Keywords: MUFG, Jersey City , KYC Quality Assurance Manager, VP - Hybrid (NJ), Executive , Jersey City, New Jersey

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