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KYC Senior Specialist

Company: MUFG in the Americas
Location: Jersey City
Posted on: February 16, 2020

Job Description:

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.

Job Summary:

Know Your Customer (KYC) Senior Specialists are responsible for completing CIP, CDD, EDD for KYC 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 departmental projects/assignments. Senior Specialists are members of the First Line Of Defense Control Office, 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. KYC Senior Specialists identify key risks in the current client lifecycle management process and recommend strategies for future state design to mitigate AML risks while operationalizing efficiency to reduce handle times. KYC Senior Specialists are responsible for meeting Service Level Agreements (SLA) with various Business Units and for utilizing departmental tracking systems. KYC Senior Specialists are responsible for following established guidelines and identifying and resolving problems. KYC Senior Specialists are expected to use some independence of thought but to refer more complex problems to supervisors or other experts. They are expected to form a strong basic understanding of the customer on-boarding, KYC, and maintenance. The ideal KYC Senior Specialist 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.

Primary Responsibilities:

  • Perform KYC activities and provide Subject Matter Expertise for team processes.
  • Coordinate directly with other areas of the bank clients to obtain relevant KYC requirements.
  • (i.e. Risk, Compliance, Legal, Business, Operations, Front Office)
  • Promptly respond to queries and assist with problem-solving of matters received from personnel internal to the Bank
  • Maintain detailed tracking of KYC file status and other customer record activities to ensure completion within required timeframes
  • Ensure desktop procedures are accurate and comply with regulatory requirements by pointing out any discrepancies identified;
  • Perform root cause analysis and offer solutions and best practices.
  • Follow KYC standard/policy consistently applied within First Line of Defense
  • Identify data quality issues and monitor resolution
  • Perform additional department tasks regularly as assigned by management

    Qualifications

    Qualifications:
    • 1 year of experience in general financial service industry
    • Basic knowledge of of BSA/AML/OFAC/ 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 Bilingual and Japanese Bilingual is a plus
      Why Work for MUFG?

      We are a financially strong and stable bank.

      We value workplace diversity.

      We are committed to the training and development of our employees.

      Innovative vacation benefits

      We offer a matching 401k, a Retirement Plan, a variety of Flexible Health Benefits.

      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 in the Americas, Jersey City , KYC Senior Specialist, Other , Jersey City, New Jersey

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