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Transaction Banking Professional I

Company: MUFG
Location: Jersey City
Posted on: December 4, 2019

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 (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. Transaction Banking Specialist, Analyst Job Summary Responsible for supervising and checking all daily back office operations of the Supply Chain Finance(SCF) Unit The Officer will: (a) ensure prompt review and monitoring of workflows of the Unit, assist VP in running daily operations and controls, and ensure timely release of transactions in Trade 360 System, Loan App, OVS, AFS and SCF HUB (b) ensure accurate processing of transactions and proper booking of liabilities and fees in Trade 360 System, Loan App, OVS, AFS and SCF HUB (c) ensure the instructions from front/middle offices and Standard Operating procedures are properly executed in accordance along with Standard Service Level Agreement.(d) enforcement of all operational procedures and controls. To assist the Section and department in achieving its goals, and is assigned the following Functions: Workflow Management; Verification; Quality Control and Customer Service; Performance and error mitigation and control (5) Compliance policies and procedures. (6) Special projects (7) Provide Operational Support for all U.S. Branches. (8) Ensure all queue verifications in Trade 360 System ,Loan App, OVS, AFS and SCF HUB are performed and appropriate actions are taken. Responsibilities Monitor the daily operations of the Supply Chain Finance Section and workflow supervision. Assign work to affected staff members, setting priorities, time limits and critical task objective. Ensure output satisfies corresponding process requirements and priorities. Reconcile and account for all incoming items/work and ?processed output? in accordance with established procedures and controls. Review and lead pending transactions, documents, discrepancies, overdue and/or delinquent transactions, section?s output reports, records and files. Responsible for accurate liability and fee collection. Ensure all standard operational and compliance procedures are updated and carried out. Provide timely support to new business initiatives of all SCF transactions. Lead and ensure all Supply Chain Financing transactions processed, released and reconciled promptly against front office instructions and Prime Revenue System files/interface records. Review transaction processing and pending Queues in Trade 360 System, Loan App, OVS, AFS and SCF HUB and ensuring that all transactions are processed and releases as requested. Any pending or unreleased transactions reviewed and advanced as appropriate Provide technical support and mentorship to staff members, Account Officers, Middle Office, all US branches and Customers on SCFs. Extensive customer contact relating to review SCF transaction terms and conditions and offer opinions and comments consistent with the internal/operating/Compliance procedures. Respond to inquiries received from customers, front/middle offices, internal auditors and correspondent banks, providing the accurate and timely information in resolution of such queries. Identify discrepancies and/or inefficiencies in customer support efforts and ensure that they are corrected, documented and implemented Assist the Manager (or the Management) in identifying risk areas and implement/monitor practices to reduce and/or prevent risk opportunities. Update procedures as and when changes to workflow process, system improvements and internal controls are effected. Compliance:? Carry out bank?s compliance policies and procedures. Ensure implementation of all compliance regulations including OFAC/BSA/AML/JFEL//Anti-boycott regulations in the Section?s operations. Ensure the Staff receives proper training. in all regulatory and bank compliance issues. Carry out applicable internal and H.O operational procedures. Qualifications: 5-7 years of experience in a banking environment with ability to supervise and guide staff, customers and relationship managers on technical and operational matters. Ability to support and provide team work with focus on quality and prompt customer service. Strong inter-personal skills, verbal and written communication skills and ability to work in an automated system environment are required. Knowledge and experience of Supply Chain or Receivable Financing College Degree. Certificate or courses or any specialized training/exposure in International Trade, Trade and Commodity and Supply Chain Financing is a plus. 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.

Keywords: MUFG, Jersey City , Transaction Banking Professional I, Other , Jersey City, New Jersey

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