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Currency Transaction Report Agent - Hybrid

Company: MUFG
Location: Tempe
Posted on: May 12, 2022

Job Description:

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.

Major Responsibilities:

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 criteria.

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 internal standards.

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 typologies.


  • 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 enforcement agency.
  • Expected to attend and complete Bank-sponsored job-related training.
  • 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

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