Sanctions Screening, Analyst
Sanctions Screening, Analyst
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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 incumbent is responsible for completing all the daily activities relating to:
1) OFAC Japanese Foreign Exchange Law (JMOF) BSA/AML and various other Compliance related matters as they pertain to the business conducted by the Money Transfer Group across multiple operational shifts. Daytime Operation divided into three shifts (starting at 9:00 A.M. on the day and ending when the FED system closes or departments job processes finish normally at 7:30 PM).
2) Database Maintenance when required update Pre Advice limits on GPP accounts in accordance with requests from the various business units Monthly Buffer Asset-FED Caps update on GPP and HotScan Lists Load Updates (if occasion arises.
3) Completing in a timely and accurate manner all TSU/RMU IntelliTRACS Cases.
4) Management Reporting functions.
Responsibilities:
Ensure MTDs adherence to MUFGs Compliance Policies:
Monitor and process all manual review transactions on HotScan based on the level of system access ensuring that: (a) such transactions are executed within prescribed time frames (b) identified irregularities are reported to Compliance for their review and approval per established procedures and c) no transaction is processed without proper authorization.
Monitor changes to any Compliance Legal or Trade related programs such as OFAC JMOF BSA/AML etc. and any system related issues/concerns; maintain the HotScan databases making changes to reflect program changes. Educate staff with all HotScan/Compliance related changes and enhancements. Modify workflow procedures as necessary.
Continually analyze the HotScan software identifying any weakness and recommend any enhancements to improve the system performance and accuracy.
Participate in testing recommended enhancements from the time that the enhancements are received through system implementation.
Monitor and process all manual review transactions during off hours including (but not limited to): holidays.
Maintain OFAC/Compliance related records using IntelliTRACS (investigation system) GPP (payment/wire system) and e-mails in the MTD Transaction Screening Unit Mailbox:
Open and maintain OFAC/Compliance/Sanctions cases on the IntelliTRACS based on the level of system access ensuring that all information is accurately recorded facilitating management review and approval.
Monitor open and pending queues for OFAC/Compliance cases and process the assigned cases in accordance with established procedures. Ensure cases are thoroughly documented and properly filed facilitating management review and approval.
Maintain a comprehensive filing system for all HotScan transactions ensuring that all transactions that are referred to the Compliance department contain complete documentation with all related information and correspondence.
Review Monitor and distribute all e-mails in the MTD Transaction Screening Unit Mailbox.
Maintain thorough and accurate records facilitating management review:
Review Daily IntelliTRACS Investigation Open/Pending Cases.
Maintain the HotScan monthly statistics ensuring that all information provided is accurate and properly reflects the departments production if needed.
Prepare Daily Transaction Screening Unit Work Control Checklist which includes end of day HotScan and IntelliTRACS reports to be submitted to various unit in MTD.
Prepare monthly HotScan statistics report if needed.
Maintain databases for GPP and HotScan:
When required update Pre Advice limits on GPP accounts in accordance with requests from the various business units.
Update GPP FED Caps at the end of business day of the month per H.O. Buffer Asset email notification.
Monitor and participates in all HotScan Lists Load process to update the Risk Entities dictionary in HotScan system.
Support and attain department-wide goals and objectives:
Actively participate in the remote access/disaster recovery initiative.
Assist in maintenance of procedure manual for Transaction Screening Unit.
Participates in leveraging our global strength as One MUFG.
Ensure proper escalation on reportable incidence is understood and carried out consistently.
Qualifications:
Thorough understanding of OFAC JMOF BSA/AML and other Compliance rules as they apply to the movement of funds and all banking-related instruments.
Complete understanding of payment formatting including SWIFT CHIPS Fedwire and foreign exchange principles.
3 to 5 years experience in all Money Transfer functions.
Proficient in selected PC Applications.
Good oral and written communication skills.
Ability to effectively manage multiple job duties.
Flexibility with hours as process must be covered at all times
BA or BS degree
The typical base pay range for this role is between $61K to $78K 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:
IC
Employment Type
Full-Time
