Onboarding and KYC Specialist, Officer

Company: MUFG
Location: Tempe
Posted on: May 3, 2021

Job Description:

Onboarding and KYC Specialist, Officer

• Requisition # 10042810-WD
• Job Type Day
• Location Tempe, ARIZONA
• Brand
• Date Posted 04/01/2021

Your potential. Your opportunity.

Are you passionate about creating an exceptional client experience?

Discover your opportunity with Union Bank, a division of the Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world. At Union Bank, we have our clients' best interest in mind and draw on more than 160 years of experience to understand their distinct needs to tailor our solutions. We're part of 180,000 colleagues around the globe striving to be the world's most trusted financial group, knowing that trust starts with a culture of putting people first and empowering you to achieve your potential. Join Union Bank, where being inspired is expected and creating results is rewarded.

Job Summary:

The Onboarding & KYC Professional I is responsible for completing Client Identification and Customer Due Diligence files for new and existing customers in support of Front Office business lines. Day to day responsibilities include performing KYC research and related OFAC checks, compliance exemption requests, and other inter-departmental requests. Will follow established guidelines to identify and resolve problems and will use some independence of thought but is expected to refer more complex problems to supervisors or other experts. Must meet Service Level Agreements (SLA) with various Business Units and utilize departmental tracking systems.

Onboarding & KYC Professional I is part of the First Line of Defense Control Office and works closely with Relationship Managers (RM's) and Portfolio Managers (PM's), with Tax Operations, Regulatory Reporting teams, with Compliance Division Officers, and with other operation teams.

Major Responsibilities:

• 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.
• Monitors, researches, analyzes, and addresses all essential compliance activities including but not limited to drilling down on beneficial ownership for higher risk clients, identifying politically exposed (PEP) individuals, negative media, and sanctions issues.
• Coordinates directly with other areas of the bank clients to obtain relevant KYC requirements (i.e. Risk, Compliance, Legal, Business, Operations, Front Office.)
• Promptly responds to queries and assists with problem-solving of matters received from personnel internal to the Bank.
• Maintains detailed tracking of KYC file status and other customer record activities to ensure completion within required timeframes
• Implements process improvement to create efficiencies.
• Informs management on status of cases and proactively identifies and flags issues.
• May be accountable for regular reporting or process administration as owner.
• Performs special projects as required and any other duties as assigned.

Qualifications:

• 3 years prior experience in the field of Anti-Money Laundering / KYC checks required
• Excellent attention to detail, organized approach, and strong problem solving/facilitation abilities
• Mature approach with excellent influential communication (verbal/written) skills
• Strong time management, work organization and multi-tasking skills with a drive for efficiency, accuracy and risk management controls while maintaining 100% dedication, excellent attitude, and flexibility
• Effective Internet and research skills and usage of third-party tools such as Dun Bradstreet, LexisNexis, government registries, etc.
• Proficiency in MS Office - Word, Excel, PowerPoint, Access

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 / Affirmative Action 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 in employment decisions on the basis of any protected category.

A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it's the bank's policy to only inquire into a candidate's criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.

Keywords: MUFG, Tempe , Onboarding and KYC Specialist, Officer, Other , Tempe, Arizona