Global AML Advisory, Payments - Vice President

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 120,000 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.

Within the Global Financial Crimes Division (GFCD), Global AML Compliance Department, s/he will report to the Global Head of AML Advisory. As an AML/FCC subject matter expert on payments and correspondent banking, they are responsible for providing guidance and ongoing advisory on risks and controls related to correspondent relationships, inclusive of affiliate, downstream and other third-party customers. They will focus on products and services offered to bank and non-bank financial institutions, particularly payment products and arrangements, as well as emerging payment trends and risks.

Major Responsibilities

• Coordinate and advise on the AML requirements for the implementation and execution of payments related AML controls across MUFG Bank regions, working closely with technology and operations teams to support regional and local AML officers.

• Substantively supports the maintenance and enhancement of global standards and procedures for correspondent banking and other payment services across MUFG’s global businesses.

• Regularly engages with relevant operations teams to support their AML risk-management efforts, providing subject matter expertise on in-scope products and Swift messaging as part of enhanced due diligence controls.

• Analyzes data in complex transactions and ensures delivery of high quality, timely advice to business partners on relevant AML requirements, client-specific risks and risk-based scenarios for enhanced due diligence on payment activity and/or transaction monitoring.

• Partners with project management, technology and transformation teams to analyze data and controls, recommend mitigation actions and enhance financial crimes controls.

• Serves as an escalation point for the business and other GCFD members on investigations, client due diligence, products and payment system issues impacting AML controls.

• Remains current on industry developments, best practices and standards relating to correspondent banking, NBFIs, fintech and payments products.

• Supports risk re-evaluation and reviews of downstream and correspondent banking relationships and related product arrangements, in conjunction with other GFCD and first-line business units; analyzes the findings of the risk reviews and makes recommendations to maintain or exit a relationship with coordination across regions on consensus and decision making.

• Oversees the timely identification, resolution, and, as appropriate, escalation of client or control issues to the Global Head of AML Advisory.

• May assist with the creation and development of relevant global AML training materials.

• May liaise with senior regional AML leadership, regulators or supervisors in connection to regulatory issues, as required.

Experience

• Deep subject matter expertise in correspondent banking and payments including strong understanding of transaction data and fields specific to Swift, Fedwire, CHIPS, and ACH/IAT. Knowledge of additional payment systems is an advantage.

• Demonstrated knowledge and expertise of banking laws and regulations administered by the US and major international regulatory and standards-setting bodies.

• Collaborative mindset with established capability to communicate interpersonally within a global institution serving stakeholders across different jurisdictions and at all levels of the organization.

• Experience in leveraging investigative and intelligence output in assessing and managing AML risk across the enterprise.

• Analytical, detail oriented and tech savvy with a proven record implementing AML/FCC controls based upon quantitative and qualitative criteria.

• The ability to intera