BSA Specialist III, Assistant Vice President
BSA Specialist III, Assistant 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 150000 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.Reporting to the Enhanced Due Diligence (EDD) Manager the BSA Specialist III is responsible for performing independent Quality Control review and analysis on others EDD files for moderate to high-risk individuals and entities to ensure compliance with the Bank Secrecy Act and the USA PATRIOT Act. Assist EDD Manager with oversight of US Second Line of Defense (SLoD) Name Screening function in terms of quality productivity procedures and staffing. Direct responsibility for quality and integrity of research and analysis completed and documented by other Specialists via Know Your Customer forms or within various databases. Ensure ongoing reviews of assigned portfolio are conducted according to Bank policy. Will work with line officers line management and their clients to obtain necessary information. Identify emerging risk issues and recommend courses of action. Will also serve as a resource for line officers and line management. Support the business unit in compiling preparing and providing responses to internal Audit functions and to external regulatory agencies. Maintain tracking reporting and metrics. May be required to review the most complex clients requiring a level of experience needed to effectively interact with customer relationships. Assist management in mentoring coaching training; acting as a resource for other Specialists. Provides technical guidance to staff for research analysis and documentation. May be requested to participate in the interviewing process of potential candidates for open positions. May receive additional delegated responsibilities from management.
Major Responsibilities
50%: Perform timely Quality Control reviews on other Specialists EDD reviews providing feedback and guidance in a helpful constructive manner
Review completed EDD files for appropriate disposition and documentation of risk wherein other Specialists have:
Analyzed risk identified issues and validated information from bank systems and against third party resources in order to recommend the retention or termination of accounts. Complete alerts or monitoring assignments within EDD timeframes and in accordance with unit quality standards for completion and documentation.
Maintain related metric reporting ensuring accurate thorough records are kept and available for dissemination to management and/or for Audit and Exam purposes
30%: Supports EDD Manager with leadership responsibilities including performance metrics and reporting trending analysis and overseeing other projects tasks and meetings in the EDD Managers absence or when otherwise requested.
Oversight over US SLoD Name Screening function by engaging with ODC resources to understand process procedures productivity and quality
Meet all internal and regulatory requirements in terms of Key Timeframes (KTFs) and Service Level Agreements (SLAs) and case/file content
20%: Department support as assigned. Provide technical assistance training and mentoring for other Specialists
Experience
Minimum 5 years experience in BSA risk analysis EDD reviews Anti-Money Laundering (AML) Investigations or equivalent related experience in other areas of banking
Excellent working knowledge of BSA/AML laws and regulations relative to AML and terrorist financing; ability to apply this knowledge
Experience with foreign correspondent banking and trade finance products practices and procedures
Experience with preparing and providing effective responses to Internal Audit and Regulator inquiries
Strong leadership and analytical skills
Excellent organizational and interpersonal skills ability to continuously multi-task and exercise ownership in multiple areas simultaneously
Strong working knowledge of various bank systems preferred (KYC-R CDL SAS CMT etc.)
Knowledge of BSA/AML laws and regulations relative to money laundering and terrorist financing
Bachelors Degree and CAMS certificate preferred
The typical base pay range for this role is between $94k-$120k 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:
Exec
Employment Type
Full-Time
