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Wires Risk, Analyst

Company: MUFG
Location: Tempe
Posted on: June 12, 2021

Job Description:

Wires Risk, Analyst

  • Requisition # 10041789-WD
  • Job Type Day
  • Location Tempe, ARIZONA
  • Date Posted 05/05/2021

Your potential. Your opportunity.

Are you passionate about creating an exceptional client experience?

Do you want your voice heard and your actions to count? Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2020).In the Americas, we're 13,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, developing positive relationships built on integrity and respect. It's part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed, and agility. We're a team that accepts responsibility for the future by asking the tough questions and owning the solutions. Join MUFG and be empowered to make your voice heard and your actions count.

Job Summary:

The Wires Risk, Analyst is responsible for the efficient processing of all payment instructions received from MUFG branches and customers and payment messages received via FEDWIRE, CHIPS, SWIFT and proprietary interfaces in a time sensitive and high-volume environment. In this capacity the incumbent is expected to effectively: a) maintain familiarity with FED, SWIFT, CHIPS formatting standards b) OFAC and related AML/BSA regulations c) understand and apply our own payment practices d) time manage and prioritize assigned duties e) maintain knowledge of current systems used f) ensure the proper and timely completion of all payments. The Analyst is expected to perform various functions, which in "order of importance," (1) Payment Processing; (2) Risk Management Processing; and (3) Quality Control Reporting.

Hours of operation: Should be flexible and be able to work standard number of hours during the hours of 10 PM through 7 AM ET and able to work additional hours as needed during high volume days.

Risk Management Processing

  • Monitor and process manual review (performing 1st and 2nd check function) transactions on HotScan, ensuring identified items are reviewed and properly executed, in accordance with established procedures and dispositioning each manual review with the correct comment.
  • Perform the daily review of compliance related filtering functions for OFAC, JFEL and other sanctions using our HotScan monitoring system.
  • Be well informed on sanctions updates as they apply to our filtering needs.
  • Identify and submit good guys on HotScan false hits.

Payment Processing

  • Knowledge of CHIPS, FEDWIRE and Swift rules and how to apply them to payment processing.
  • Perform Payment Processing Data entry, transcribing customer instructions into corresponding system fields.
  • Ensure mapping of payment information is appropriate and where is inappropriate or missing ensure proper steps are taken to fix all situations.
  • Process CLS related payments (i.e.: MT204, MT202 settlement payments).

Perform Payment Processing Data Verification

  • Ascertain all customer information pertaining to the payment instructions is properly transcribed into corresponding system fields.
  • Ascertain data is properly structured to support Straight Thru Processing at the receiving end.
  • Conduct required research by utilizing research tools such as: SWIFT BIC, FED directory, CHIPS NATS, McFadden directory, TGBR, etc. to locate, identify and validate payment related data to accurately execute payment instructions.
  • Identify and recommend credit processing rules and or formatting changes to improve the STP process.

Quality Control Reporting

  • Preparation of Start of day and End of shift reporting, including CLS settlement report, GPP payment volume activities, and HOTSCAN manual review activity.
  • Participate and contribute to team meetings established to improve the units' overall performance and promote customer satisfaction.
  • Process FED SERVICE message using FED ADVANTAGE system. Also create PDF files of the daily FED STATEMENTS for BTMU New York, Chicago, and Los Angeles. (This function in done monthly on a rotating basis).


  • 3-5 years of Money Transfer processing experience.
  • Knowledge of CHIPS, FEDWIRE and Swift rules and how to apply them to payment processing.
  • Demonstrate the ability to effectively time manage and prioritize assigned duties.
  • General understanding of compliance matters as the apply to OFAC and BSA/AML, Travel Rule and other.
  • High school diploma required.

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 , Wires Risk, Analyst, Other , Tempe, Arizona

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