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MUFG Union Bank Vice President AML Compliance Manager – UBIS in Tempe, Arizona

Vice President AML Compliance Manager – UBIS - 10044721-WD


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 2020).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.

Vice President AML Compliance - UBIS

Job Summary:

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

  • Risk Assessment:

  • 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