BSA Specialist III, Assistant 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.

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 Manager’s 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

• Excellen