VP - KYC Manager

Mitsubishi UFJ Financial Group•New York, NY

1d•Hybrid

About The Position

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 150,000 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 world’s most trusted financial group, it’s 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 KYC Onboarding team is part of the First Line of Defense Control Office, which is situated within the Corporate and Investment Banking Division of MUFG Bank. However, this function acts as a centralized 1st line support team, providing support to MUFG Securities both in US and Canada. Main Purpose of the Role As part of the KYC Securities team, the individual would be required to lead a team responsible for all KYC related tasks for customers spanning across MUFG Securities both in US and Canada. The primary responsibility of this individual will be to ensure the team provide effective and timely completion of all KYC related tasks for both existing and new business relationships within MUFG Securities US and Canada Branch. This includes new customer onboarding, Reverifications, client offboarding, client restrictions, any ad hoc triggers and possible remediation initiatives. The portfolio under management of this role ranges across various entity types and jurisdictions (US and Canada). This individual will work closely with the Global Head of Securities. As such strong strategic planning, effective stakeholder management, and the ability to influence at all levels are key. The individual will also be required to support the wider team, as required, on complex issues, volume/capacity management as well as being a key decision maker on procedural/process aspects. Working closely with stakeholders to ensure MUFG understands all associate risks and maintaining the highest standards, whilst managing business needs. In depth understanding of related regulatory guidance is therefore essential, in addition to comprehension of related of business processes. A key aspect to this role is the effective resource and capacity management, stakeholder management, and a drive to improve the overall service provided to the customer and the business through technology innovation and participating in the development and implementation of new workflow tools.

Requirements

7+ years’ experience in KYC, Anti Money Laundering, fraud and bribery or Financial Crime roles
Experience within Corporate & Investment Banking, Capital Markets or Securities and exposure to related entities is essential
Extensive knowledge of the regulatory requirements for Broker Dealers
Experience of personnel and strategic management is key
Awareness of US and Canadian Anti-Money Laundering regulations
Awareness of US and Canadian Markets Regulations (Qualified Institutional Buyer, FINRA, Suitability 2111, Reg S and Volcker rule)
KYC SME with hands on experience in end to end KYC
Strong understanding of Banks and NBFIs especially, Fund Managers, Hedge Funds and Insurance entities
Knowledge of various corporate structures
Able to communicate effectively to key stakeholders at all levels and drive positive outcomes
Face to face connects with Front Office, Clients, Compliance and other stakeholders as needed
Self-motivated to find solutions
Attention to detail is essential
Ability to effectively utilise Microsoft Office (particularly excel and power point)
Experience of preparing MI and presentations.
Bachelor’s degree mandatory
Excellent communication skills
Results driven, with a strong sense of accountability
A proactive, motivated approach.
The ability to operate with urgency and prioritize work accordingly
Strong decision-making skills, the ability to demonstrate sound judgement
A structured and logical approach to work
Strong problem-solving skills
A creative and innovative approach to work
Excellent interpersonal skills
The ability to manage large workloads and tight deadlines
Excellent attention to detail and accuracy
A calm approach, with the ability to perform well in a pressurized environment
Strong numerical skills
Excellent Microsoft Office skills
A confident approach, with the ability to provide clear direction to your team
Excellent managerial/leadership experience
The ability to lead a high performing team
A strategic approach, with the ability to lead and motivate your team

Nice To Haves

Relevant qualifications in Anti Money Laundering, fraud and bribery or Financial Crime roles would be highly desirable.

Responsibilities

Responsible for Team’s delivery: Ensure that all Customer Due Diligence is completed effectively for all new customer onboarding, reverifications and any ad hoc customer triggers across MUFG Securities both in US and Canada branch.
Ensure that all applicable “Know your Customer” requirements have been met for commencing business relationship and ensure that the business remained fully compliant with the Securities’ AML policy and all applicable regulatory requirements.
Prioritization, assignment and volume/capacity management: Engage with Front Office Teams to appropriately prioritize New Business Onboarding requests. Responsible for ensuring team’s capacity is being managed effectively and being hands on with processing KYC requests
Partner with Quality Assurance team on Quarterly review and remediation of files
Ensure monthly quality of customer files are within acceptable RAG status
Responsible for ensuring all customer offboarding and client restrictions are completed following proper MUSA guidelines.
Work closely with our offshore partners to ensure monthly reverifications are completed prior to due date with a clear target of minimizing past due files.
Senior KYC Subject Matter Expert (SME) with hands on end to end KYC processing: Act as a senior SME within the Securities and FI Divisions in relation to all KYC aspects from processing to queries management
Escalation point for the Securities onboarding team: Ensure all escalations from internal and external stakeholders are addressed promptly, ensuring compliance with AML policy and regulations.
Dedicated point of contact for complex onboardings: Coordination and management of key complex onboardings within Securities
Representing Securities Onboarding Team: Represent the Team and Division to key stakeholders on KYC Onboarding matters (stakeholders include management, compliance, regulators, and auditors). This is a key aspect of the role, and as such the individual will need to be able to present clear and concise information confidently at all levels
Ownership of MI preparation for Onboarding: Responsible, alongside the Head of KYC Onboarding to create, develop, and publish a suite of Management information reports – both regular MI reporting and ad-hoc analysis as and when required.
Active Stakeholder engagement- Regular face to face meetings with Front Office desks and Compliance; and with clients (as needed)
Responsible for partnering with the Production Control Tower ensuring that team procedures and processes are up to date, accurate and reflect all policy and regulatory change.
Liaison with Compliance: Act as a Compliance Liaison function for related matter, meeting with Financial Crime on a regular basis, ensuring queries are resolved, ad-hoc analysis and reporting is completed.
Active involvement in driving procedural and policy improvements: Actively seek out opportunities to improve the KYC Onboarding process; including the strengthening & implementation of controls and improving efficiency.
When there is a business requirement the role will also have to be flexible to provide support of the client onboarding process and periodic reviews for Corporate clients within GCIB.