Know Your Customer (KYC) Analyst

Job description

About Us:

Mitsubishi UFJ Financial Group, Inc.

(MUFG) is one of the world’s leading financial groups.

Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with over 2,700 locations in more than 50 markets.

The Group has over 180,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.

The Group aims to “be the world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world.

MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges.

MUFG Bank, Ltd.

is Japan’s premier bank, with a global network spanning more than 50 markets.

Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments and individuals worldwide.

In Asia, MUFG has a presence across 20 markets – Australia, Bangladesh, Cambodia, China, Hong Kong, Indonesia, India, South Korea, Laos, Malaysia, Mongolia, Myanmar, New Zealand, Pakistan, Philippines, Singapore, Sri Lanka, Taiwan, Thailand and Vietnam.

It has also formed strategic partnerships with some of the most prominent banks in Southeast Asia, further augmenting its unrivalled network across the region – VietinBank in Vietnam, Krungsri in Thailand, Security Bank in the Philippines and Bank Danamon in Indonesia.

MUFG Global Service Private Limited:

Established in 2020, MUFG Global Service Private Limited (MGS India) [Formerly known as MUFG Enterprise Solutions India Private Limited] is 100% subsidiary of MUFG Bank Ltd 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.

With a current headcount of above 1000, MGS India has plans to significantly ramp-up its growth over the next 18-24 months while servicing MUFG’s global network across Americas, EMEA and Asia Pacific

About the Role:

Position Title: Analyst

Corporate Title: KYC Analyst

Reporting to: Manager Operations

Location: Bangalore

Job Profile:

Purpose of Role

This individual will be responsible for undertaking KYC reviews for branches based out of APAC

Main Responsibilities:

• The individual will work under MGS leadership and will ensure effective, and time bound KYC reviews are completed across within required SLA.
• These responsibilities include, but are not limited to providing support in conducting, the items listed below as per SOPs and may be amended from time to time:
• Coordinates with internal partners such as Front, Middle and Back Office staff to obtain required information and applicable documentation related to KYC requirements
• Initiates and completes high quality KYC files inclusive of data input, research, screenings analysis and documents review
• Identify data anomalies and assist on root cause analysis to minimize errors
• Maintain accurate and detailed tracking of KYC file status at all times and other customer record activities to ensure completion within required timeframes
• Independently manage multiple simultaneous requests inclusive of customer data maintenance in a high-pressure work environment
• Promptly address queries and assist with problem-solving of matters received from applicable Bank personnel
• Always strive to ensure the KRI, relevant KPI and expected objectives and deliverables are met within the stipulated timeframe
• Assist and involved in the escalation process to relevant financial crime / sanctions team to ensure all KYC files are in good order
• Ability to detect red flags through KYC Process and able to articulate clearly next step / proposed solutions to get through roadblocks during the KYC process
• Always ensure escalations are handled with priority and immediate upward notification to respective team leader / manager is to be done
• Always be open to learn from past mistakes, experiences shared by teams and be open to share the same with team members

SKILLS AND EXPERIENCE:

Functional / Technical Competencies:

• Awareness of detailed KYC knowledge
• Attention to detail is essential
• Details technical knowledge of various client types & their structure
• Excellent communication skills both written and verbal and strong team player
• Demonstrated experience in establishing strong credibility to build influential relationships stakeholders to identify gaps and improvements within KYC process
• Work Experience:
• Person should have a bachelor's degree in any stream, any certification/diploma in AML/KYC domain would be and added advantage,
• 3 to 4 years' experience in AML Compliance & KYC preferably within the financial services industry with experience conducting KYC on Corporates and other institutions,
• Experience supporting Singapore
• Experience reviewing comprehensive documents like complex ownership structures and Wolfsberg Questionnaires, various organizational documents like MOA/AOA COI etc.
• Strong working knowledge of AML/Sanctions laws and regulations relative to money laundering and terrorist financing and the ability to apply this knowledge in assessing transaction activity and customer profiles.
• Must be able to multi-task, adapt well to changing priorities, and effectively prioritize workflow to meet critical deadlines.
• Mature approach with excellent influential communication (verbal/written) skills
• Critical thinking and problem-solving skills a must.
• Ability to work in a fast-paced, demanding environment and must work well under pressure.
• The ability and willingness to work both independently and in a team, environment is required.
• Maintains effective working relationships with key business partners.
• Familiarity with Actimize and other financial crime, risk and compliance applications would be preferred.
  
  
• Effective Internet and research skills and usage of third-party tools.
• Good knowledge in Microsoft Excel/word.
  
  

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.

Required Skill Profession

Business Operations Specialists