Job Description
Location: Bangalore, India
Legal Entity: MGS – India
The Opportunity:
• The role encompasses several tasks involving KYC analysis across multiple business lines, training the team on KYC and regulatory environment, ensuring AML Regulations, policies/procedures are maintained and adhered,
• Monitoring and reporting performance to the management based on agreed timescales.
• This role also involves liaising with the business partners as well as colleagues and senior onshore partners thus ensuring timely resolution of queries.
What you will do:
• Managing of the CDD/KYC/AML controls and implement change initiatives relating to client lifecycle to support business growth whilst balancing regulatory requirements
• Support the AML/KYC framework for financial institutions, Corporates & Securities client base in APAC, ensuring effective management of CDD, Operational and Regulatory risks in-country and in compliance with applicable internal policies and external laws and regulations.
• Serve as Subject Matter Expert (SME) in shaping Client Onboarding Lifecycle Management model for APAC region e.g. challenge the conventional ways of working and drive change to improve process efficiency and effectiveness and client experience aligned with regional principles.
• Actively participate in domain/project requirement meetings; contribute to influence design and functional requirements; challenge stakeholders to ensure decisions are well thought out and meet business needs which can be executed with operational pragmatism.
Management of Risk
• Ensure compliance, operational risk controls in accordance with MUFG and regulatory standards and policies
• Take ownership of CDD/KYC/AML controls and risk management, installing appropriate controls and checkpoints, periodical reviews of controls to address gaps in processes and remove inefficiencies to benefitthe business and our customers
• Partner with first line & second line of defence teams to ensure all client KYC records are compliant with regulatory standards with high quality.
• In-charge and responsible for managing regulatory audit / inspections pertaining to CDD/KYC/AML as country control owner
• Responsible for Issue Management, risk escalation and remediation pertaining to CDD/KYC/AML controls
• Maintain MUFG internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
Leadership and Teamwork:
• Provide leadership to ensure adequate skills and alignment of standards in respect of client onboarding and periodic reviews in-country in line with the bank's policy and regulatory requirements.
• Evaluate staff performance and provide regular feedback via performance reviews or informal discussions to engage and motivate staff to be at their best
• Promote best practice sharing and cultivate team approach culture
• Interpret regulatory/policy changes and communicate thermalizations to onshore and offshore team.
• Keeping abreast of developments within the financial regulatory environment and proactively educate the team on the same.
• Ensure implementation and adherence to audit and compliance requirements and proactively highlight potential issues to the management.
• Ensure zero operational / reputational loss.
• Develop and maintain excellent professional relationship with all stakeholders.
• Ability to prepare reports and dash boards as per requirements in line with SME functions.
Requirements:
What you will need to succeed in the role:
• Excellent understanding of KYC, financial regulatory environment, and AML risk implications (E)
• 13-15 yearsof experience in KYC process& Anti MoneyLaundering with proficiency in various entitytypes (E).
• 5+ years of team handling experience in leading teams delivering KYC Due Diligence for global banks with primaryfocus on risk-based approach is preferred (E).
• Sound knowledge of financial regulatory requirements (E).
• Excellent analytical skills, with the aptitude of independently performing complex or varied tasks, such as coordinating and analyzing large amounts of multifaceted data (E)
• Ability to interpret complex changes in regulatory guidelines and assess impact(E).
• Experience in projectmanagement and has been involvedinbuilding a new function/team (D)
• Excellent verbal and written communication skills, especially in writing operating manual, Job aid, policies and Procedure (E).
• Team player and ability to manage people and performance (E).
• Experience with managing stakeholder relationships within and outside of the local function/role (E)
• Knowledge of a wide varietyfinancial crimes laws and regulations (E).
• Excellent judgement and analytical skills(E).
• Experience in drafting, designing and executing QA reviews in accordance with Global Policies,Standards and/or Procedures (E).
• Ability to handle crisis situations and take appropriate / timely decisions(E).
• Ability to work well under pressure with high degree of accuracy (E).
• Good understanding of MS office and proven skills in banking platforms(D).
• Self-driven individual (E).
What Additional skills are required:
• Minimum Qualification: Graduation in Commerce/Finance or equivalent would be essential (10+2+3)
• Flexibility to work in different shifttimings
• Additional certification: ACAMS,ICA, IIBF KYC and other Financial Crime Certifications (Optional)
MUFG Way "Committed to empowering a brighter future
Legal Entity: MGS – India
The Opportunity:
• The role encompasses several tasks involving KYC analysis across multiple business lines, training the team on KYC and regulatory environment, ensuring AML Regulations, policies/procedures are maintained and adhered,
• Monitoring and reporting performance to the management based on agreed timescales.
• This role also involves liaising with the business partners as well as colleagues and senior onshore partners thus ensuring timely resolution of queries.
What you will do:
• Managing of the CDD/KYC/AML controls and implement change initiatives relating to client lifecycle to support business growth whilst balancing regulatory requirements
• Support the AML/KYC framework for financial institutions, Corporates & Securities client base in APAC, ensuring effective management of CDD, Operational and Regulatory risks in-country and in compliance with applicable internal policies and external laws and regulations.
• Serve as Subject Matter Expert (SME) in shaping Client Onboarding Lifecycle Management model for APAC region e.g. challenge the conventional ways of working and drive change to improve process efficiency and effectiveness and client experience aligned with regional principles.
• Actively participate in domain/project requirement meetings; contribute to influence design and functional requirements; challenge stakeholders to ensure decisions are well thought out and meet business needs which can be executed with operational pragmatism.
Management of Risk
• Ensure compliance, operational risk controls in accordance with MUFG and regulatory standards and policies
• Take ownership of CDD/KYC/AML controls and risk management, installing appropriate controls and checkpoints, periodical reviews of controls to address gaps in processes and remove inefficiencies to benefitthe business and our customers
• Partner with first line & second line of defence teams to ensure all client KYC records are compliant with regulatory standards with high quality.
• In-charge and responsible for managing regulatory audit / inspections pertaining to CDD/KYC/AML as country control owner
• Responsible for Issue Management, risk escalation and remediation pertaining to CDD/KYC/AML controls
• Maintain MUFG internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
Leadership and Teamwork:
• Provide leadership to ensure adequate skills and alignment of standards in respect of client onboarding and periodic reviews in-country in line with the bank's policy and regulatory requirements.
• Evaluate staff performance and provide regular feedback via performance reviews or informal discussions to engage and motivate staff to be at their best
• Promote best practice sharing and cultivate team approach culture
• Interpret regulatory/policy changes and communicate thermalizations to onshore and offshore team.
• Keeping abreast of developments within the financial regulatory environment and proactively educate the team on the same.
• Ensure implementation and adherence to audit and compliance requirements and proactively highlight potential issues to the management.
• Ensure zero operational / reputational loss.
• Develop and maintain excellent professional relationship with all stakeholders.
• Ability to prepare reports and dash boards as per requirements in line with SME functions.
Requirements:
What you will need to succeed in the role:
• Excellent understanding of KYC, financial regulatory environment, and AML risk implications (E)
• 13-15 yearsof experience in KYC process& Anti MoneyLaundering with proficiency in various entitytypes (E).
• 5+ years of team handling experience in leading teams delivering KYC Due Diligence for global banks with primaryfocus on risk-based approach is preferred (E).
• Sound knowledge of financial regulatory requirements (E).
• Excellent analytical skills, with the aptitude of independently performing complex or varied tasks, such as coordinating and analyzing large amounts of multifaceted data (E)
• Ability to interpret complex changes in regulatory guidelines and assess impact(E).
• Experience in projectmanagement and has been involvedinbuilding a new function/team (D)
• Excellent verbal and written communication skills, especially in writing operating manual, Job aid, policies and Procedure (E).
• Team player and ability to manage people and performance (E).
• Experience with managing stakeholder relationships within and outside of the local function/role (E)
• Knowledge of a wide varietyfinancial crimes laws and regulations (E).
• Excellent judgement and analytical skills(E).
• Experience in drafting, designing and executing QA reviews in accordance with Global Policies,Standards and/or Procedures (E).
• Ability to handle crisis situations and take appropriate / timely decisions(E).
• Ability to work well under pressure with high degree of accuracy (E).
• Good understanding of MS office and proven skills in banking platforms(D).
• Self-driven individual (E).
What Additional skills are required:
• Minimum Qualification: Graduation in Commerce/Finance or equivalent would be essential (10+2+3)
• Flexibility to work in different shifttimings
• Additional certification: ACAMS,ICA, IIBF KYC and other Financial Crime Certifications (Optional)
MUFG Way "Committed to empowering a brighter future
💡 Quick Summary
Seeking a career-building opportunity? The Vice President position is now open for candidates interested in the Bank Jobs sector. This role in Bengaluru offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
