Senior Analyst - Financial Crimes [Customer Due Diligence & Testing]

About Us: MUFG Bank, Ltd. is Japans premier bank, with a global networks panning in more than 40 markets. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments, and individuals worldwide. MUFG Banks parent, Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the worlds leading financial groups. Headquartered in Tokyo and with over 360 years of history, the Group has about 120,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to be the worlds most trusted financial group through close collaboration among our operating companies and flexibly respond to all the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFGs shares trade on the Tokyo, Nagoya, and New York stock exchanges. For more information, visit https:// www.mufg.jp/english MUFG Global Service Private Limited: Established in 2020, MUFG Global Service Private Limited (MGS) is 100% subsidiary of MUFG having offices in Bengaluru and Mumbai. MGS India has been set up as a Global Capability Centre / Centre of Excellence to provide support services across various functions such as IT, KYC/ AML, Credit, Operations etc. to MUFG Bank offices globally. MGS India has plans to significantly ramp-up its growth over the next 18-24 months while servicing MUFGs global network across Americas, EMEA and Asia Pacific About the Role: Position Title: GFCD Scenario and System Testing Analyst Corporate Title: Analyst Reporting to: Manager, GFCD Scenarios and System Operations Support team Location: Bangalore Job Profile Purpose of Role: Reporting to the Manager within the GFCD Scenarios and System Operations Support team, the Global Financial Crimes Analyst will perform above the line (ATL) and below the line (BTL) testing for BSA/AML, OFAC, and customer risk models. Additionally, this role support to ensure compliance with anti-money laundering regulatory requirements and adherence to the Banks OFAC Global Standards. Main Responsibilities: The individual is expected to, Perform transaction testing (ATL or BTL) to improve model effectiveness, conduct data validation and research, and identify any potential production issues Investigate and assess alerts for potential suspicious behavior relating to money laundering, terrorist financing or other illicit behavior. Ensure timely and efficient escalation of transactions considered suspicious Stay current with money laundering and terrorist financing behaviors, issues, policies, regulations, criminal typologies, industry best practices, and developing trends Document defects with detailed descriptions, supporting information, and participate in triage meetings Create professional program/reporting documentation in support of scenario testing and event reviews. Analyze, research and provide timely response to data requests. Contributes to workflow and process redesign focused on streamlining Global Financial Crimes Activities and solutions. Ensure timely reporting of daily, weekly and monthly status reports Possess an awareness of regulatory and Bank compliance environments as well as an interest to self-educate on new topics and changing requirements. Partner with Business Line (BL) contacts to fully-understand product offerings, embedded BL compliance functions, and where the AML and EDD Analytics team can provide value in terms of risk coverage and mitigation. Coordinate with Global and Regional teams for the event review. Also perform quality control reviews for other event review analysts. Candidate Profile Skills and knowledge: Knowledge of AML domain including KYC, Transactional Monitoring, Sanctions compliance laws and regulations Understanding of banking products and processes as they relate to sanctions controls Excellent judgment and analytical skills Excellent oral / written communication skills Attention to detail and process oriented Strong analytical skills Must be able to multi-task, adapt well to changing priorities, and effectively prioritize workflow to meet critical deadlines Ability to work in a fast-paced, demanding, and changing environment; must work well under pressure. Flexibility to work in Global Engagement model to support teams across the globe. Education & professional qualifications BA/BS Degree or relevant experience desired Possess an awareness of regulatory and Bank compliance environments as well as an interest to self-educate on new topics and changing requirements General understanding of sanctions compliance laws and regulations, applicable to international sanctions programs ACAMS designation a plus Experience: Experience in ATL/BTL testing for AML alert resolutions for Financial Crimes operations for AML, KYC and Sanctions. 2 years of experience within the financial services industry, specific to global risk and financial crimes preferred Experience in Actimize AML, KYC or Case Manager(ActOne), SAS AML Case manager is preferred Experience investigating compliance processes, performing compliance testing, training, quality control / assurance processes, and internal/external audits Equal Opportunity Employer: The MUFG Group is committed to providing equal employment opportunities to all applicants and employees and does not discriminate on the basis of race, colour, national origin, physical appearance, religion, gender expression, gender identity, sex, age, ancestry, marital status, disability, medical condition, sexual orientation, genetic information, or any other protected status of an individual or that individual's associates or relatives, or any other classification protected by the applicable laws.

Location: bangalore, IN

Posted Date: 11/22/2024