Enhanced Due Diligence Team Lead, Vice President
Enhanced Due Diligence Team Lead, Vice President
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Job Description
Do you want your voice heard and your actions to count
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG) one of the worlds leading financial groups. Across the globe were 120000 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 worlds most trusted financial group its 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.
The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.The Client Intelligence Unit BSA Team Leader is a senior level position in CIU. The position is responsible for the oversight of staff involved in reviewing assessing and documenting BSA / AML risk matters as established under the Bank Secrecy Act PATRIOT Act and all other regulatory requirements related to anti-money laundering and combating the financing of terrorism for all high risk clients.
Ensure accurate and complete reviews are performed by the BSA Specialists for Know Your Client documentation and that all risk has been identified supported mitigated and escalated when warranted.
Communicate information to CIU management and line personnel when appropriate or action is required.
Management or Supervision: 3 direct reports
Major Responsibilities:
Oversee staff to ensure accurate and complete reviews are performed - 75%
Responsible for managing the BSA/AML risk analysis teams to ensure accurate and complete reviews are performed by the BSA Specialists and ensure ongoing reviews are completed according to Bank policy and CIU procedures.
Manage and organize risk trigger assignments and department work queues ensuring critical deadlines are met.
Provide liaison support and maintain effective working relationships between BSA specialists relationship managers and senior management.
Provide mentoring coaching and counseling to staff to ensure appropriate research and analysis is being conducted properly documented and maintains the quality required.
Review due diligence performed including use of outside resources. Investigate high risk client situations and provide findings to senior management to evaluate potential risk to the Bank including the possible decision of management to exit a client if warranted.
Evaluate client situations and determine when an eQAR is warranted based on investigative findings. Drafting or lending support to an internal key partner completing an eQAR ensure all data elements and narratives are complete accurate and comply with internal bank standards.
Recommend course of action on most events but escalate when necessary to manager or higher level when unusual or uncommon situations are identified. Interview potential candidates for open positions.
Complete performance appraisals and recommendations for compensation promotions and transfers.
Data Integrity - 10%
Ensure client records are accurate to preserve system integrity and provide guidance to the necessary parties within the Bank when action is required including BSA Specialists Relationship Managers on various Bank systems (ESB RCIF SEI AAD NetQuery RUMBA Ammo).
Requires close working relationships with all CIU Team Members Financial Investigations Unit and Relationship Managers.
Manage identify recommend and submit changes to the appropriate Banks systems to ensure client and department information is accurate and correct.
Database Management and Reporting 10%
Manage and track staffs assignments in work queue to ensure ongoing reporting is up to date and deadlines are met to support accurate and professional reporting.
Manage workflow tools for a consistent approach and volumes across entire team.
Contribute to the development of database and reporting requirements.
Department Support 5%
Identify and contribute to department and Bank policy and procedures to ensure controls are in place.
Provide support in Bank and department level projects and or work with other departments to address BSA and other risk related matters.
Provide technical assistance training and information to staff and line of business personnel. Contribute to suggested policy changes as identified or appropriate.
Assist CIU Management with audit preparations and special projects.
Knowledge Skills Abilities:
Ability to research and investigate complex clients and understand their business need to conduct transactions accordingly.
Excellent analytical skills to develop financial/statistical data and reports and evaluate flow of funds on complex relationships.
Demonstrated knowledge and ability to identify various white-collar crime general fraud and money laundering schemes.
Knowledge of outside resources to perform advanced due diligence.
Excellent verbal written and interpersonal communication skills.
Ability to successfully lead and manage direct reports including training mentoring and counseling. Ability to work with multiple lines of business relationship managers and senior management. Strong organizational skills and ability to manage multiple assignments concurrently and meeting critical deadlines.
Demonstrate strong leadership and management skills that build solid working relationships within the Bank.
Ability and willingness to work independently.
Ability to make risk decisions within established policy and procedure and understand when to escalate issues to management for further direction.
Experience that demonstrates the skills and qualities that are required for position.
Prefer training and experience in management or quality assurance within the banking industry investigative and/or legal / compliance functions.
Computer skills to develop and manage data produce reports and other materials including: Knowledge of various Bank systems preferred (ESB RCIF Rumba Applications AAD SEI NetQuery Ammo).
Knowledge of the following software applications preferred (Microsoft Word Access Excel Outlook).
Education Licensure Experience:
Minimum of 2 to 4 years management experience preferably in a BSA / AML environment.
Minimum of 3 to 5 years direct work experience in risk analysis accounting investigative or equivalent with related experience in or another related area of banking. Investigative and / or accounting background preferred.
B.S Degree and CAMS Certificate preferred or equivalent work experience.
The typical base pay range for this role is between $101k-$164k depending on job-related knowledge skills experience and location. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation. Additionally our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes comprehensive health and wellness benefits retirement plans educational assistance and training programs income replacement for qualified employees with disabilities paid maternity and parental bonding leave and paid vacation sick days and holidays. For more information on our Total Rewards package please click the link below.
We will consider for employment all qualified applicants including those with criminal histories in a manner consistent with the requirements of applicable state and local laws (including (i) the San Francisco Fair Chance Ordinance (ii) the City of Los Angeles Fair Chance Initiative for Hiring Ordinance (iii) the Los Angeles County Fair Chance Ordinance and (iv) the California Fair Chance Act) to the extent that (a) an applicant is not subject to a statutory disqualification pursuant to Section 3(a)(39) of the Securities and Exchange Act of 1934 or Section 8a(2) or 8a(3) of the Commodity Exchange Act and (b) they do not conflict with the background screening requirements of the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA). The major responsibilities listed above are the material job duties of this role for which the Company reasonably believes that criminal history may have a direct adverse and negative relationship potentially resulting in the withdrawal of conditional offer of employment if any.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 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 individuals associates or relatives that is protected under applicable federal state or local law.Required Experience:
Chief
Employment Type
Full-Time
