Assistant Vice President, Emea Aml Advisory - London, United Kingdom - MUFG - United Kingdom (BTMU)
Description
Do you want your voice heard and your actions to count?
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 7th largest financial group in the world. Across the globe, we're 160,000 colleagues, striving to make a difference for every client, organization, and community we serve.
We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.
With a vision to be the world's most trusted financial group, it's part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility.
Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.
OVERVIEW OF THE DEPARTMENT/SECTION
Within MUFG, Compliance is responsible for ensuring that the firm complies with laws, regulations, rules of exchanges and markets in all countries in which the firm conducts its business.
The Financial Crimes Office for EMEA ("FCOE") is part of the Compliance function and works to mitigate the risks of money laundering, bribery, corruption and other financial crime.
- Delivering highquality and proactive support to business activities, assisting the firm to do business in the right way and to grow its businessfootprint.
- Ensuring key processes are run efficiently to deliver quality and reliable information, to support the firm's business growth and control procedures.
- Deliver riskbased assurance to the firm's senior management and the Group through independent challenge and quality reporting.
MAIN PURPOSE OF THE ROLE
Working as part of the EMEA AML Advisory team to:
- provide accurate and timely advice to enable business units to remain compliant with Anti-Money Laundering laws, rules, and regulations;
- support KYC and Transaction Monitoring teams with escalation in relation to money-laundering risks including assessment of material adverse news, PEP risks and complex transaction structures
- implement and maintain appropriate systems and controls framework to manage the risks arising from new products;
- assist with the resolution of issues identified via MUFG's testing functions, audits, regulatory exams, programmatic reviews, and quality assurance efforts
KEY RESPONSIBILITIES
AML Advisory & Escalations:
- Provide advice and escalation to teams in First Line of Defence (FLoD) and Second Line of Defence (SLoD) in relation to all matters pertaining to money laundering and terrorist financing risk;
- Level 3 transaction monitoring investigations: investigate escalations from the Centre of Excellence
- AML Investigations team;
- Suspicious Activity Reporting("SAR") in London: responsible for assessing when regulatory reporting of suspicious activity arising out of investigations is merited;
- Review and approve new products from a financial crime risk perspective;
- Provide an oversight of regulatory reporting postSAR investigative actions across EMEA;
- Support key projects, such as Global Trade Finance Framework Rollout in London and EMEA.
General
- Support the EMEA Head of AML Advisory and Escalations in execution of responsibilities;
- Provide advisory support to MUFG London, MUFG Securities (EMEA) and EMEA offices in relation to money laundering and terrorist financing risk posed by highrisk products, customer and transactions;
- In conjunction with the EMEA AML Programmes and Technology team, drive improvements and change management process in relation to strategic AML systems (Siron, Actimize);
- Assist with training of EMEA teams in relation to AML risk;
- Build relationship with teams within CoE and firstline of defence teams responsible for the execution of AML related tasks (including investigations);
- Coordinate the implementation of AMLspecific documentation across the EMEA;
- Represent the EMEA Advisory team in regional and global forums.
WORK EXPERIENCE
Essential:
- Solid experience within financial crimes area of a global bank, consulting firm or regulatory agency in AML Investigations, Advisory or Financial Crime Intelligence Unit function (or similar);
SKILLS AND EXPERIENCE
Functional / Technical Competencies:
Essential
- Detailed regulatory knowledge relating to AML
PERSONAL REQUIREMENTS
- Excellent communication skills
- Results driven, with a strong sense of accountability
- A proactive, motivated approach.
- The ability to operate with urgency and prioritise work accordingly
- Strong decision making skills, the ability to demonstrate sound judgement
- Excell
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