Financial Institution Client Onboarding & KYC, 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.

Job Summary
The Onboarding and Know Your Customer (KYC) Professional II is responsible for satisfying the Bank’s regulatory obligations as well as ensuring adherence to all Compliance, Anti-Money Laundering/Know Your Customer policies and procedures. Day-to-day focus is on resolution of complex problems with validating KYC file. Expertise of policies, guidelines and processes needed. Must meet Service Level Agreements (SLA) with various Business Units and utilize departmental tracking systems.

The Onboarding and KYC Professional II is a member of the First Line of Defense Control Office and works closely with Relationship Managers (RM’s) and Portfolio Managers (PM’s), Tax Operations and Regulatory Reporting teams, Compliance Division Officers, and other operations teams.

Role has ownership of on-boarding and KYC processes, reports, procedures. Is also considered an analytical or procedural expert representing the team on cross-function process or project deliverables. Ensures effective operations within the organization; develops and implements operating policies and procedures across functions such as: client identification and  due diligence, customer service and quality control standards; conducts and reviews feasibility of new or revised systems and procedures; manages the internal audit process to ensure compliance with organizational standards.

Responsibilities
(85%)

• Validates new, existing and ad hoc KYC files against legal documentation and third-party sources, remediating errors as necessary, for customers managed by a supported business unit.
• Ensures all required customer information and supporting documentation are captured for new and existing customers who are going through a triggering event or material change by coordinating with Business Unit Relationship Managers. Validates resubmitted documents and updates system accordingly as needed.
• Tracks onboarding requests, re-assesses pipeline, and manages assignments as necessary.

(15%)

• Supports team lead on leadership responsibilities as needed, acting as backup manager during team lead’s absence. Responsibilities may include:Providing backup leadership support and assist in setting up local strategy
• Ensuring the team is properly resourced, operating on a high level of productivity and meeting deadlines for new, existing and adhoc’ed KYC files
• Working with management and key stakeholders in working and providing solutions to key issues
• Maintaining strong working relationship with stakeholders in both the first line and second line of defense
• Assisting the team lead in developing and implementing appropriate training and continuous development
• Maintains working knowledge of all regulatory obligations and be able to relate them to MUFG policies and procedures
• Plays a key role in the development and roll-out of both strategic and tactical process changes, as needed.
• Contributes to the evolution of global and local KYC policies and guarantee team knowledge of any updates.
• As needed, establishes and maintains appropriate escalation procedures
• Determines relevant Key Performance Indicators that enable the effective tracking of productivity, backlog, and any other element necessary for the effective management of the team 
• Participates in multi-disciplinary teams to address new business initiatives, system enhancement projects, and one-off assignments as required.

Qualifications

• 3 years plus of experience in KYC, with an emphasis on funds onboarding and regulatory knowledge
• Strong academic background
• Ability to think critically under pressure and deliver sound judgment
• Excellent analytical skills, with the aptitude of independently performing complex or varied tasks, s