MUFG Bank, Ltd
BSA Specialist III, Assistant Vice President
MUFG Bank, Ltd, Tempe, Arizona, us, 85285
BSA Specialist III, Assistant Vice President
Do you want your voice heard and your actions to count?Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 120,000 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.The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.Reporting to the Enhanced Due Diligence (EDD) Manager, the BSA Specialist III is responsible for performing independent Quality Control review and analysis on others’ EDD files for moderate to high-risk individuals and entities, to ensure compliance with the Bank Secrecy Act and the USA PATRIOT Act. Assist EDD Manager with oversight of US Second Line of Defense (SLoD) Name Screening function, in terms of quality, productivity, procedures and staffing. Direct responsibility for quality and integrity of research and analysis completed and documented by other Specialists via Know Your Customer forms or within various databases. Ensure ongoing reviews of assigned portfolio are conducted according to Bank policy. Will work with line officers, line management and their clients to obtain necessary information. Identify emerging risk issues and recommend courses of action. Will also serve as a resource for line officers and line management. Support the business unit in compiling, preparing, and providing responses to internal Audit functions, and to external regulatory agencies. Maintain tracking, reporting, and metrics. May be required to review the most complex clients, requiring a level of experience needed to effectively interact with customer relationships. Assist management in mentoring, coaching, training; acting as a resource for other Specialists. Provides technical guidance to staff for research, analysis and documentation. May be requested to participate in the interviewing process of potential candidates for open positions. May receive additional delegated responsibilities from management.Major Responsibilities50%:
Perform timely Quality Control reviews on other Specialists’ EDD reviews, providing feedback and guidance in a helpful, constructive manner.Review completed EDD files for appropriate disposition and documentation of risk, wherein other Specialists have:Analyzed risk, identified issues, and validated information from bank systems and against third party resources in order to recommend the retention or termination of accounts. Complete alerts or monitoring assignments within EDD timeframes and in accordance with unit quality standards for completion and documentation.
Maintain related metric reporting, ensuring accurate, thorough records are kept, and available for dissemination to management and/or for Audit and Exam purposes.
30%:
Supports EDD Manager with leadership responsibilities including performance metrics and reporting, trending analysis, and overseeing other projects, tasks and meetings in the EDD Manager’s absence, or when otherwise requested.Oversight over US SLoD Name Screening function by engaging with ODC resources to understand process, procedures, productivity and quality.
Meet all internal and regulatory requirements, in terms of Key Timeframes (KTFs) and Service Level Agreements (SLAs), and case/file content.
20%:
Department support as assigned. Provide technical assistance, training, and mentoring for other Specialists.
ExperienceMinimum 5 years’ experience in BSA risk analysis, EDD reviews, Anti-Money Laundering (AML) Investigations, or equivalent related experience in other areas of banking.
Excellent working knowledge of BSA/AML laws and regulations relative to AML and terrorist financing; ability to apply this knowledge.
Experience with foreign correspondent banking and trade finance products, practices and procedures.
Experience with preparing and providing effective responses to Internal Audit and Regulator inquiries.
Strong leadership and analytical skills.
Excellent organizational and interpersonal skills, ability to continuously multi-task, and exercise ownership in multiple areas simultaneously.
Strong working knowledge of various bank systems preferred (KYC-R, CDL, SAS, CMT, etc.).
Knowledge of BSA/AML laws and regulations relative to money laundering and terrorist financing.
Bachelor's Degree and CAMS certificate preferred.
The typical base pay range for this role is between $94k-$120k depending on job-related knowledge, skills, experience and location. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation. Additionally, our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes comprehensive health and wellness benefits, retirement plans, educational assistance and training programs, income replacement for qualified employees with disabilities, paid maternity and parental bonding leave, and paid vacation, sick days, and holidays.MUFG Benefits SummaryWe will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws. The major responsibilities listed above are the material job duties of this role for which the Company reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of conditional offer of employment, if any. 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 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.
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Do you want your voice heard and your actions to count?Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 120,000 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.The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.Reporting to the Enhanced Due Diligence (EDD) Manager, the BSA Specialist III is responsible for performing independent Quality Control review and analysis on others’ EDD files for moderate to high-risk individuals and entities, to ensure compliance with the Bank Secrecy Act and the USA PATRIOT Act. Assist EDD Manager with oversight of US Second Line of Defense (SLoD) Name Screening function, in terms of quality, productivity, procedures and staffing. Direct responsibility for quality and integrity of research and analysis completed and documented by other Specialists via Know Your Customer forms or within various databases. Ensure ongoing reviews of assigned portfolio are conducted according to Bank policy. Will work with line officers, line management and their clients to obtain necessary information. Identify emerging risk issues and recommend courses of action. Will also serve as a resource for line officers and line management. Support the business unit in compiling, preparing, and providing responses to internal Audit functions, and to external regulatory agencies. Maintain tracking, reporting, and metrics. May be required to review the most complex clients, requiring a level of experience needed to effectively interact with customer relationships. Assist management in mentoring, coaching, training; acting as a resource for other Specialists. Provides technical guidance to staff for research, analysis and documentation. May be requested to participate in the interviewing process of potential candidates for open positions. May receive additional delegated responsibilities from management.Major Responsibilities50%:
Perform timely Quality Control reviews on other Specialists’ EDD reviews, providing feedback and guidance in a helpful, constructive manner.Review completed EDD files for appropriate disposition and documentation of risk, wherein other Specialists have:Analyzed risk, identified issues, and validated information from bank systems and against third party resources in order to recommend the retention or termination of accounts. Complete alerts or monitoring assignments within EDD timeframes and in accordance with unit quality standards for completion and documentation.
Maintain related metric reporting, ensuring accurate, thorough records are kept, and available for dissemination to management and/or for Audit and Exam purposes.
30%:
Supports EDD Manager with leadership responsibilities including performance metrics and reporting, trending analysis, and overseeing other projects, tasks and meetings in the EDD Manager’s absence, or when otherwise requested.Oversight over US SLoD Name Screening function by engaging with ODC resources to understand process, procedures, productivity and quality.
Meet all internal and regulatory requirements, in terms of Key Timeframes (KTFs) and Service Level Agreements (SLAs), and case/file content.
20%:
Department support as assigned. Provide technical assistance, training, and mentoring for other Specialists.
ExperienceMinimum 5 years’ experience in BSA risk analysis, EDD reviews, Anti-Money Laundering (AML) Investigations, or equivalent related experience in other areas of banking.
Excellent working knowledge of BSA/AML laws and regulations relative to AML and terrorist financing; ability to apply this knowledge.
Experience with foreign correspondent banking and trade finance products, practices and procedures.
Experience with preparing and providing effective responses to Internal Audit and Regulator inquiries.
Strong leadership and analytical skills.
Excellent organizational and interpersonal skills, ability to continuously multi-task, and exercise ownership in multiple areas simultaneously.
Strong working knowledge of various bank systems preferred (KYC-R, CDL, SAS, CMT, etc.).
Knowledge of BSA/AML laws and regulations relative to money laundering and terrorist financing.
Bachelor's Degree and CAMS certificate preferred.
The typical base pay range for this role is between $94k-$120k depending on job-related knowledge, skills, experience and location. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation. Additionally, our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes comprehensive health and wellness benefits, retirement plans, educational assistance and training programs, income replacement for qualified employees with disabilities, paid maternity and parental bonding leave, and paid vacation, sick days, and holidays.MUFG Benefits SummaryWe will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws. The major responsibilities listed above are the material job duties of this role for which the Company reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of conditional offer of employment, if any. 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 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.
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