AVP - Sanctions Trade Finance [Trade Finance & Sanctions]

About Us: MUFG Bank, Ltd. is Japans premier bank, with a global network spanning 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: Sanctions Trade Finance Investigations Assistant Vice President Corporate Title: Assistant Vice President Reporting to: Vice President Head of Sanctions Trade Finance Location: Bangalore Job Profile Purpose of Role: As a member of FCO EMEA, you will be supporting our Sanctions Trade Finance team in conducting Trade Finance documentary screening and reviews escalations from the Level 1 EOO Trade Finance team in order to protect the Bank from sanctions regulatory risk. As Analyst you will be responsible for the review and investigation of a wide range of Trade Finance products, building key relationships with the business and operations to ensure that the high standard of financial crime investigations are maintained to protect the Bank from financial crime risk. Main Responsibilities: Review and investigation of Sanctions alerts relating to trade finance transactions from London, Dubai, Paris and Milan offices. High level analysis of supporting documentation Collaboration With Front office teams and Trade Finance operation areas to obtain further information from clients where further information is required. Assess whether Trade Finance transactions are permissible or require further action to either Block or Reject, according to current sanctions regulations in place. Ensures timely and consistent escalation of sanctions risks to Global Sanctions Advisory and regional senior management. Review and investigation of a wide range of trade finance products, alongside providing guidance to more junior members of the team in relation to open investigations. Ensure the smooth running of day-to-day operations, so that business cut offs and prioritization demands can be managed appropriately. Review and investigation of Sanctions alerts relating to trade finance transactions from London, Dubai, Paris and Milan offices High level analysis of supporting documentation. Collaboration with Front office teams and Trade Finance operation areas to obtain further information from clients where further information is required. Assess whether Trade Finance transactions are permissible or require further action to either Block or Reject, according to current sanctions regulations in place. Ensures timely and consistent escalation of sanctions risks to Global Sanctions Advisory and regional senior management. Provide SME guidance on Trade Transactions Ensure compliance with MUFG Policies And Standards and escalating any concerns. Support in special projects and other transformation activities that may arise from time to time. Support the Vice President Trade Finance Sanctions And provide occasional team oversight coverage. Core: MS Office skills Demonstrates attention to detail Broad understanding of banking, financial crime risk (Sanctions and TBML) in banking and a general Understanding Of the concepts of risk management and control Manages priorities effectively and delivers efficiently Proactively identifies and communicates improvements to process on the grounds of efficiency and effectiveness Specific to role: Strong analytical skills Financial sanctions knowledge in particular OFAC and EU regulations Good conceptual understanding of risk, compliance and controls Good understanding of banking products (specifically Trade Finance related) and the UK regulatory environment Maintain and enhance good working relationships with stakeholders, across the region and globally to share best practices, provide support and develop effective local policies and procedures appropriate to the Company, and working in support of the One MUFG and overall Group strategy. Education / Qualifications: Preferred: Degree Relevant qualification Personal requirements: Self-motivated Good time-management Ability to work under pressure and prioritize work accordingly Works collaboratively and establishes trusted relationships Shares specialist knowledge across, at least, the Financial Crime Department Communicates clearly (in writing and orally), and flexes communication style as appropriate Actively considers and supports broad goals across the GFCD and the Bank Proactively identifies and attempts to resolve issues Experience: 10-15 years of relevant banking / compliance experience preferable Trade Finance. Performance and duties: The role holder will be assessed in accordance with their employing entitys performance framework and process with relevant input obtained from the dual hatting entity as relevant. As duties and responsibilities change, the job description will be reviewed and emended in consultation with the role holder. The role holder will carry out other duties as are within the scope, spirit and purpose of the role as requested by their line manager or Department Head. The role holder will be working UK business hours. Managing conflicts of interest: The role holder will have responsibilities for both MUFG Bank and MUFG Securities EMEA plc. The role holder will be required to perform their duties and responsibilities on an entity neutral basis, without favor. The role holder is required to follow regulatory requirements applicable to ensure each business is appropriately supported and to maintain the legal entity integrity of each of MUFG Bank and MUS. Working terms are dictated by functional mandates, the terms of the Dual-Hat Arrangement Agreement in place between MUFG Bank and MUFG Securities EMEA plc and any other relevant agreements entered into between MUFG Bank and MUFG Securities EMEA plc. The role holder will have responsibility for identifying and resolving where there may be a difference or conflict in needs between MUFG Bank and MUFG Securities EMEA plc, escalating to their manager where required. 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: 11/23/2024