Currency Transaction Report Agent - Hybrid
Posted on: May 12, 2022
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. Across the
globe, we're 180,000 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.
This is a hybrid position. There are flexible work from home
options available. A member of our recruitment team will discuss
the options with you in more detail.
Reporting to the CTR Manager in the Financial Intelligence Unit
(FIU). Responsible for the review of currency transactions for the
purpose of Currency Transaction Report (CTR) filing, to ensure
compliance with Bank Secrecy Act laws and regulations. Also
responsible for identifying and escalating red flags and weaknesses
within transactions and bank procedures that may circumvent BSA/AML
controls. This position includes an understanding of FIU
Operations, to be able to serve as a liaison to business lines
within and outside the FIU. The position is expected to assist in
working on concurrent assignments and assist in other areas of the
FIU. And support the bank's BSA/AML goals.
Review Cash Reports and file CTRs
Review cash reports generated by the Large Currency Reporting
System (LCRS) and other bank systems to determine if a CTR is
required. Must be able to prioritize multiple tasks to meet strict
regulatory deadlines. Cash reports include but not limited to the
following: cash transactions reports, foreign currency reports,
cash vault adjustment reports, Cash and Save branch reports. Must
have the ability to understand bank transactions and independently
decide if a cash transaction requires a CTR. Must be
detailed-oriented and summarize transactions clear and concisely.
Amend and back file CTRs as needed.
Complete CTR Exemption Reviews
Complete due diligence on cash intensive businesses for
consideration for exemption from CTR filing. Follow a template
narrative and checklist to ensure client meets the exemption
Subject Matter Expertise
Provide assistance to branch, cash vault, FIU, and other CTR
specialists with any questions regarding cash and CTRs. Coordinate
with the IT group the transmission of the CTR submission tape to
the IRS within the required timeframe. Respond to any exceptions
from the submission tape. In conjunction with IT, perform and
document any system testing required for upgrades to the Teller or
LCR systems. Provide the CTR Manager with any research related to
CTRs. Ensure alert and case determinations are appropriate, fully
supported and documented. Detect and escalate to management any
unusual transactions that may violate BSA/AML policies. Assist in
the researching and evaluation of escalated issues, researching and
writing of case investigations, conducting quality assurance
activities and/or conducting ongoing monitoring of the Bank
clients. Third party, UB automated and manual systems are utilized
for these tasks to ensure any possible suspicious activity is
identified and the necessary actions are taken to ensure the Bank
performs it duties related to the Bank Secrecy Act (BSA). Liason to
other areas of FIU and the bank to explain currency transaction
activities. Additionally may assist with completing quality
assurance tasks related to filing of Suspicious Activity Reports
(SAR) and other relevant documentation related to non-filing
decisions. Assist in conducting AML investigations to determine
whether to file a suspicious activity report (SAR) within
reasonable timeframes and in accordance with FIU policy and
procedures, under direct supervisory review. In drafting
investigative reports, all data elements and narratives are
complete, accurate, and comply with interagency guidance and
Assist other areas of the FIU when needed.
Provide support to Surveillance Unit, Investigation Unit, Global
Sanctions Unit, or Special Risk Client Unit with basic duties
including alert assignment, alert review, and staff training.
Ability to become proficient with various third party data
providers, internet resources, bank applications and automated
systems used to monitor transaction activity, such as deposits,
wires, cash, and monetary instrument sales, and Know Your Client
(KYC) profiles, to conduct and complete their research and analysis
of the alerted activity. Additionally, capable of gaining a general
understanding of UB products and services and how they may be
exploited for suspicious activities. Strong communication skills,
both written and oral, advanced analytical and organizational
abilities, have proficiency in the use of personal computer
applications, including but not limited to the use of the internet
resources, commonly utilized business software in a Windows
Operating System (OS) environment and ability to understand BSA/AML
laws and regulations relative to various white-collar crime,
general fraud, money laundering and terrorist financing
- Typically will possess a Bachelors' Degree in Criminal Justice,
Business or related discipline
- a minimum of 1 to 4 years of investigative or related
experience with specific emphasis on AML, BSA and/or fraud
prevention at a financial institution, regulatory agency or law
- Expected to attend and complete Bank-sponsored job-related
- Advanced degrees (MA, MS, MBA, JD), CPA certification, and CAMS
or CFE certification are favorably considered.
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 on the basis of
race, color, national origin, religion, gender expression, gender
identity, sex, age, ancestry, marital status, protected veteran and
military status, disability, medical condition, sexual orientation,
genetic information, or any other status of an individual or that
individual's associates or relatives that is protected under
applicable federal, state, or local law.
Some MUFG roles require that individuals be fully vaccinated
against COVID-19, subject to exemptions for medical or religious
reasons, as well as any other reason required by applicable law or
order. Should you be selected for an interview, your recruiter will
provide additional information.
Keywords: MUFG, Tempe , Currency Transaction Report Agent - Hybrid, Sales , Tempe, Arizona
Didn't find what you're looking for? Search again!