MUFG Union Bank Vice President AML Compliance Manager – UBIS in Tempe, Arizona
Vice President AML Compliance Manager – UBIS - 10044721-WD
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Vice President AML Compliance - UBIS
This Vice President Compliance role will report to the Managing Director AML Sanctions Compliance Admin and will be a dual-registered FINRA principal responsible for implementation and oversight of the BSA/AML, Sanctions, Financial Crimes, and Privacy Programs for UnionBanc Investment Services, LLC and Intrepid Investment Bankers, LLC. The Programs consists primarily of conducting new and existing customer due diligence, quality control in regard to the UBIS & Intrepid Customer Identification Programs (CIP), Know Your Customer (KYC) account opening processes & documentation requirements, general financial crime investigations & reporting, Privacy & Information Security Breach reporting & resolution and providing subject matter expertise to the Lines of Business (LOBs) for the aforementioned. This position will also support various other compliance functions for the broker dealers such as responding to customer complaints, transaction surveillance review and branch exams.
This incumbent will work with various business units in the implementation of the CIP/KYC programs, assisting in the creation and implementation of a holistic financial crimes prevention program, providing subject matter expertise to the LOBs and business partners, providing BSA/AML guidance and requirements on the onboarding of new customers, and enforcing policy requirements as needed. The position will also look to identify CIP/KYC improvement opportunities, reviewing new products and services from a BSA / AML perspective, and supporting management with implementation of bank-wide BSA / AML compliance initiatives and projects. This position will also provide support to the daily compliance oversight of the broker dealers, including responding to customer complaints, transaction oversight review and branch exams.
Maintain UBIS procedures that implement BSA/AML and OFAC Programs and related policies, including task force development and project planning
Ensure related policies, procedures, and internal controls and systems are fully established, operating, and monitored
Drive UBIS-specific compliance process changes and enhancements. Coordinate remedial measures in response to issues raised in examinations, audits, and compliance testing
Provide day-to-day AML guidance to assigned business group regarding business inquiries & initiatives
Perform regulatory and policy analysis of complex high-risk customer activity, identify stakeholders, help develop and document remediation and follow-up strategies in response to money laundering and terrorist financing risks
Serve as the primary final reviewer/approver of Suspicious Activity Reports (SARs) to the U.S. Treasury Department and investigate recommendations that SARs not be filed
Develop and maintain a list of high-risk operations
Assist Corporate BSA Team in updating BSA risk assessments by assessing money laundering risks posed by business unit's customers, products, services, transactions, and in developing the unit's account opening, CIP, due diligence, and EDD procedures to support BSA/AML Compliance
Review/approve business unit level AML policies and procedures, systems/process plans, training, forms, contracts, new products, agreements for assigned businesses/requirements
Management oversight for at least one direct report
Responsible for interviewing, hiring, termination, coaching and counseling, training, performance appraisals, compensation changes, promotions and transfers, delegating assignments, monitoring and oversight of work
Develop, implement, and maintain an ongoing BSA/AML training program for all employees
Coordinate all internal and SRO examinations related to BSA/AML
Report to senior management of UBIS and UB regarding all BSA/AML related matters
Ad Hoc Compliance/Risk related projects as requested
Skills, experience & requirements:
A bachelor’s degree from a 4-year college or university or 5-8 years of equivalent industry experience required
A minimum of 5 years Compliance related work-experience within the financial/securities services industry or 2 years of anti-money laundering experience
Experience at a financial services regulatory agencies
Ability to drive multiple, competing, complex initiatives to completion simultaneously
Ability to effectively interact with all levels of staff and management
Excellent analytical skills and an ability to interpret regulatory requirements prudently
Familiarity with other financial services businesses such as banking and insurance is preferred
FINRA Series 7 and 24 registrations are required
Strong working knowledge of Broker/Dealer and bank policies and controls preferred
Desired applicants will have an investigation background, including experience in bank operations, compliance or audit
Effective written and verbal communication skills required
ACAMS and ACFE certifications highly desired
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.
Job : Compliance
Primary Location : CALIFORNIA-Glendale
Other Locations : TEXAS-Irving, ARIZONA-Tempe
Job Posting : Jul 7, 2021, 11:24:06 AM
Shift: : Day
Schedule: : Full Time
Req ID: 10044721-WD