Main Purpose of the RoleAs part of the KYC Securities team, the individual would be required to lead a team responsible for all KYC related tasks for customers spanning across MUFG Securities both in US and Canada. The primary responsibility of this individual will be to ensure the team provide effective and timely completion of all KYC related tasks for both existing and new business relationships within MUFG Securities US and Canada Branch. This includes new customer onboarding, Reverifications, client offboarding, client restrictions, any ad hoc triggers and possible remediation initiatives.
The portfolio under management of this role ranges across various entity types and jurisdictions (US and Canada).
This individual will work closely with the Global Head of Securities. As such strong strategic planning, effective stakeholder management, and the ability to influence at all levels are key. The individual will also be required to support the wider team, as required, on complex issues, volume/capacity management as well as being a key decision maker on procedural/process aspects.
Working closely with stakeholders to ensure MUFG understands all associate risks and maintaining the highest standards, whilst managing business needs. In depth understanding of related regulatory guidance is therefore essential, in addition to comprehension of related of business processes.
A key aspect to this role is the effective resource and capacity management, stakeholder management, and a drive to improve the overall service provided to the customer and the business through technology innovation and participating in the development and implementation of new workflow tools.
Key Responsibilities- Responsible for Team's delivery: Ensure that all Customer Due Diligence is completed effectively for all new customer onboarding, reverifications and any ad hoc customer triggers across MUFG Securities both in US and Canada branch.
- Ensure that all applicable "Know your Customer" requirements have been met for commencing business relationship and ensure that the business remained fully compliant with the Securities' AML policy and all applicable regulatory requirements.
- Prioritization, assignment and volume/capacity management: Engage with Front Office Teams to appropriately prioritize New Business Onboarding requests.
- Responsible for ensuring team's capacity is being managed effectively and being hands on with processing KYC requests
- Partner with Quality Assurance team on Quarterly review and remediation of files
- Ensure monthly quality of customer files are within acceptable RAG status
- Responsible for ensuring all customer offboarding and client restrictions are completed following proper MUSA guidelines.
- Work closely with our offshore partners to ensure monthly reverifications are completed prior to due date with a clear target of minimizing past due files.
- Senior KYC Subject Matter Expert (SME) with hands on end to end KYC processing:
- Act as a senior SME within the Securities and FI Divisions in relation to all KYC aspects from processing to queries management
- Escalation point for the Securities onboarding team: Ensure all escalations from internal and external stakeholders are addressed promptly, ensuring compliance with AML policy and regulations.
- Dedicated point of contact for complex onboardings: Coordination and management of key complex onboardings within Securities Representing Securities Onboarding Team: Represent the Team and Division to key stakeholders on KYC Onboarding matters (stakeholders include management, compliance, regulators, and auditors). This is a key aspect of the role, and as such the individual will need to be able to present clear and concise information confidently at all levels
Ownership of MI preparation for Onboarding: Responsible, alongside the Head of KYC Onboarding to create, develop, and publish a suite of Management information reports - both regular MI reporting and ad-hoc analysis as and when required. - Active Stakeholder engagement- Regular face to face meetings with Front Office desks and Compliance; and with clients (as needed)
- Responsible for partnering with the Production Control Tower ensuring that team procedures and processes are up to date, accurate and reflect all policy and regulatory change.
- Liaison with Compliance: Act as a Compliance Liaison function for related matter, meeting with Financial Crime on a regular basis, ensuring queries are resolved, ad-hoc analysis and reporting is completed.
- Active involvement in driving procedural and policy improvements: Actively seek out opportunities to improve the KYC Onboarding process; including the strengthening & implementation of controls and improving efficiency.
- When there is a business requirement the role will also have to be flexible to provide support of the client onboarding process and periodic reviews for Corporate clients within GCIB.
Work Experience- 7+ years' experience in KYC, Anti Money Laundering, fraud and bribery or Financial Crime roles
- Experience within Corporate & Investment Banking, Capital Markets or Securities and exposure to related entities is essential
- Extensive knowledge of the regulatory requirements for Broker Dealers
- Experience of personnel and strategic management is key
Functional/Technical Competencies:- Awareness of US and Canadian Anti-Money Laundering regulations
- Awareness of US and Canadian Markets Regulations (Qualified Institutional Buyer, FINRA, Suitability 2111, Reg S and Volcker rule)
- KYC SME with hands on experience in end to end KYC
- Strong understanding of Banks and NBFIs especially, Fund Managers, Hedge Funds and Insurance entities
- Knowledge of various corporate structures
- Able to communicate effectively to key stakeholders at all levels and drive positive outcomes
- Face to face connects with Front Office, Clients, Compliance and other stakeholders as needed
- Self-motivated to find solutions
- Attention to detail is essential
- Ability to effectively utilise Microsoft Office (particularly excel and power point)
- Experience of preparing MI and presentations.
Education/Qualifications- Bachelor's degree mandatory
- Relevant qualifications in Anti Money Laundering, fraud and bribery or Financial Crime roles would be highly desirable.
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 your team
- Excellent managerial/leadership experience
- The ability to lead a high performing team
- A strategic approach, with the ability to lead and motivate your team
The typical base pay range for this role is between $126K-$170K 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. For more information on our Total Rewards package, please click the link below.
MUFG Benefits Summary
