VPFLoD Head of KYC Bangalore

Job Description

About MUFG Global Service (MGS)MUFG Bank, Ltd. is Japanxe2x80x99s premier bank, with a global network spanning 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 Bankxe2x80x99s parent, Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the worldxe2x80x99s 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 worldxe2x80x99s 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. MUFGxe2x80x99s shares trade on the Tokyo, Nagoya, and New York stock exchanges.For more informatAbout the RolePosition Title: FLoD Head of KYC Bangalore (Functional Title)Corporate Title: Vice PresidentReporting to: Functionally into Deputy Head of EMEA CMS London & locally (Bangalore) into Director (Bangalore EMEA GCIB COE head)Location: Bangalore, IndiaMain Responsibilities

• In this role, you will be responsible for KYC (Know Your Customer) across MUFGs banking arm and Securities business under a dual-hat arrangement. Under this arrangement, you will act and make decisions on behalf of both the bank and the securities business, subject to the same remit and level of authority, and irrespective of the entity which employs you.
• Responsible for supporting the Deputy Head of EMEA CMS London and locally into Director/ Bangalore EMEA GCIB COE head on the oversight and management of KYC Renewals and New Business Onboarding (Bank/Securities) areas. Including delivery of strategic KYC roadmap (as required) in line with the wider EMEA strategy, with a view to deliver meaningful efficiencies and enhanced customer experience
• Support with ensuring that the team meet their KRI and KPI targets as expected
• Provide support to the VPs and team leads, ensuring best practice is in place, issues are escalated and processes and resource are operating effectively.
• Command a presence within various working groups and forums, providing meaningful and effective engagement, interactions and leadership.
• Key representative within the banks 1st line for all AML/Financial Crime related aspects; representing the CMS in front key senior stakeholders both internally and externally.
• Interact and influence at a senior level to ensure the bank/securities addresses risk, and process/procedures take consideration of the customer experience.
• Management; both directly and indirectly of over circa 40-50 members of the team. Ensuring that talent is well placed, and utilized.
• High Level planning essential in this role, understanding upcoming issues both short term and long term, liaising with the relevant counterparts and developing plans to combat issues (i.e. remediations, procedural changes etc.)
• Support the Deputy Head of EMEA CMS London and locally into Director/ Bangalore EMEA GCIB COE head and Senior Management across both Bank and Securities on all related matters (as and when required)
• Establishment and embedding of the functional mandate and handshakes with 1st and 2nd line of defense to define and deliver a clear organization structure (policy/procedure and reporting)
• Active member of required Program Steering Committee and / or Working Group to determine and oversee the ownership, funding and delivery of Client related initiatives
• Build and mentor a talented team, motivating them to clearly understand how they deliver the firms strategy
• Management / Oversight of all Quality Control Assessments being conducted ensuring the QC team hold appropriate knowledge/ability and work is assigned appropriately, utilizing expertise effectively. Raising issues and ensuring appropriate actions are undertaken before KYC approval.
• Identifying thematic issues within the process, liaising with operational Leads to resolve and implement change
• Liaising with Quality Assurance on any issues identified within the QA process, to consider impact and where needed make relevant changes to the QC process. In addition, where remedial action is required liaising and notifying the operational leads accordingly.
• Act as a hands on and Subject Matter Expert in relation to all AML On-Boarding aspects, assisting on ad- hoc queries where required
• Liaising with Financial Crime KYC team on any issues identified within the 2nd line checks / testing, to consider impact and where needed make relevant changes to the QC process

Candidate Profile Work Experience:

• 15years of experience with Anti Money Laundering, fraud and bribery or Financial Crime roles
• 15 to 18 yrs. of Experience with Investment Banking especially with end to end KYC Renewals & On- Boarding process
• Experience of managing a large KYC team or function.
• Experience of managing projects, delivering results and implementing process improvements

Functional / Technical Competencies:

• Awareness of UK & European Anti-Money Laundering regulations
• Knowledge of the regulatory environment and the key regulations governing the area
• Knowledge of various corporate and complex structures
• Able to communicate effectively to key stakeholders at all levels.
• Attention to detail is essential
• Ability to effectively utilize Microsoft Office (particularly word & excel).

Education/Qualifications:Degree Level or relevant industry experience

• Relevant qualifications in Anti Money Laundering, fraud and bribery or Financial Crime roles.

Personal Requirements:

• Excellent communication skills
• Results driven, with a strong sense of accountability
• A proactive, motivated approach.
• The ability to operate with urgency and prioritize work accordingly
• Strong decision making skills, the ability to demonstrate sound judgement
• A structured and logical approach to work
• Strong problem solving skills
• A creative and innovative approach to work
• Excellent interpersonal skills
• The ability to manage large workloads and tight deadlines
• Excellent attention to detail and accuracy
• A calm approach, with the ability to perform well in a pressurized environment
• Strong numerical skills
• Excellent Microsoft Office skills
• A confident approach, with the ability to provide clear direction to more junior members to the team
• A strategic approach, with the ability to lead and motivate more junior members of the team

MUFG