KYC Assistant Vice President (FLOD) - Corporate Banking

MUFG Bank, Ltd. • $100K — $120K *

Toronto, ON M3C 0E3In-Person

Finance & Insurance

5 - 7 years of experience

Today

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Job Overview by Ladders

Qualifications

5+ years of experience in the Financial Industry, particularly in Corporate Banking
Strong knowledge of KYC, AML, QC, QA, and Regulatory Compliance
Ability to thrive in a fast-paced, multitasking environment
Proficient in policy analysis and procedural writing
Undergraduate Degree in Finance, Economics, or related field
CAMS designation is preferred
Strong skills in MS Office and general IT systems
Analytical thinking for complex task management
Effective leadership communication and critical thinking skills

Responsibilities

Lead the implementation of KYC FLOD strategies and ensure program effectiveness
Oversee quality standards for all KYC review files
Develop and maintain operating manuals and related processes
Act as subject matter expert on relevant platforms and SLAs
Support the execution of risk and control measures in line with regulatory requirements
Facilitate resolution of issues through effective collaboration and monitoring
Enhance onboarding process and client service for GCIB and JCIB stakeholders
Train team members on KYC FLOD obligations and processes

Benefits

Comprehensive health and wellness programs
Opportunities for professional development and training
Collaborative work environment with cross-functional teams
Participation in cross-enterprise projects
Access to resources for personal and career growth
Flexible work arrangements to support work-life balance

Full Job Description

The primary purpose of this role is to ensure that First Line of Defence ("FLOD") related regulatory obligations are met with a focus on Know Your Client ("KYC") / Quality Control ("QC") / Quality Assurance ("QA") programs. The Assistant Vice President (AVP) will be responsible for supervising end-to-end KYC due diligence process and for developing, implementing and maintaining operating manuals and procedures across functions with an emphasis on Global Corporate & Investment Banking ("GCIB") and Japanese Corporate & Investment Banking ("JCIB") clients. The AVP will also act as a Subject Matter Expert ("SME") for FLOD KYC onboardings, and periodic and adhoc review processes and work closely with Compliance, Risk and other departments, such as GCIB and JCIB teams, to operate in line with the Bank's overall goals and strategies.

KYC FLOD SME:

Lead local strategy implementation and effectiveness of the Bank's KYC FLOD related programs (including onboarding, periodic and adhoc reviews, QC, QA)
Ensure that all KYC review files meet the highest quality standard
Lead development, implementation and maintenance of relevant processes, standards, reports, procedures and operating manuals
Maintain, track and act as subject matter expert on platforms, subscriptions, Service Level Agreements ("SLA") specific to the Client Management Unit ("CMU") and other Business Units

Risk & Control:

Lead execution support for risk and control responsibilities related to Second Line of Defence ("SLOD") risk frameworks and Regulatory Compliance assessment requirements
Provide execution support for the Issues Management Framework including the identification, remediation planning, ongoing monitoring and closure validation of open issues, and collaborate for issues resolution in a timely manner
Responsible for monitoring and reporting to ensure integration with risk, compliance, and operational aspects of the Bank to ensure ongoing compliance with changing regulations and requirements

Stakeholder Management:

Support GCIB and JCIB customers on-boarding process and other customer-related requests with an emphasis on excellence in client service
Develop a strong and productive working relationship with FLODs
Liaise and coordinate relationships with local Compliance Department and Internal Audit, Testing teams and Global Financial Crimes Division (non-domestic)
Act as SME for various cross-functional and enterprise-wide projects and manage relationships with multiple stakeholders at all levels

Process/Quality Improvement:

Apply knowledge of all current applicable regulatory obligations focusing on Corporate Banking, and be able to relate them to policies and procedures
Provide KYC FLOD related training to relevant stakeholders
Continuous assessment of KYC FLOD programs and process improvement
Perform other duties as required and assigned including active participation in auxiliary tasks such as Business Unit Reporting and Risk Management, Risk & Control Self-Assessment, Inbound Due Diligence Reporting, Records & Information Management, Global Financial Crimes Risk Assessment, Billing & Revenue reporting and other similar initiatives which may arise from time to time.

Qualifications

5+ years of working experience in the Financial Industry with solid understanding of Corporate Banking
Solid knowledge of KYC / AML / QC / QA and Regulatory Compliance
Ability to work in a fast-paced environment/ multitasking/ independently
Proficient with policy analysis and procedure writing
Undergraduate University Degree in Finance, Economics or related field
CAMS designation preferred
Proficiency in MS Office Word, Excel, PowerPoint. General IT / systems knowledge
Analytical approach to performing complex and varied tasks
Influential / leadership communications skills (verbal and written), critical thinking skills, business process / analysis skills, documentation skills
High risk management skills and project management skills

The job description and related application pertains to an opportunity with either MUFG Bank, Ltd., Canada Branch ("MUFG Bank Canada") or MUFG Securities (Canada), Ltd. ("MUFG Securities Canada"). The job description relates to the general nature, scope, quantity and quality of work contemplated for the position. Other duties and responsibilities not specifically described may be assigned from time to time, consistent with knowledge, skills and abilities of the incumbent. The receipt of an application by either MUFG Bank Canada or MUFG Securities Canada, as applicable, does not imply or guarantee employment.

About MUFG Bank, Ltd.

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There has never been a better time to join the global team at MUFG Bank, Ltd., a premier institution recognized for its leadership in the financial sector. MUFG Bank, Ltd. offers a plethora of job opportunities that cater to a variety of skills and interests, all while fostering professional growth and innovation.

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Join MUFG Bank, Ltd.'s distinguished team to assist some of the most sophisticated clients in navigating their financial landscapes. At MUFG Bank, Ltd., team members lead from a unique position in the marketplace, at the crossroads of financial expertise, industry knowledge, and digital innovation. Engage with a global team of business and financial advisors to help clients master their economic strategies and challenges. Collaborate with the largest group of finance professionals in the industry – a network that spans across continents offering unmatched opportunities for networking and professional development.

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