VP - ODC Operations Oversight and Execution

Pune, Maharashtra
Permanent
Full-time

17 days ago
Apply easily

About MUFG Global Service (MGS)MUFG Bank, Ltd. is Japan’s 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 Bank’s parent, 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, 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 world’s 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. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges.For more informatJob DescriptionAbout Us:Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the worlds 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 worlds 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. MUFGs shares trade on the Tokyo, Nagoya, and New York stock exchanges.MUFG Bank, Ltd. is Japans 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 (MGS)Established in 2019, MUFG Global Services (MGS) is 100% subsidiary of MUFG Bank Ltd having offices in Bengaluru and Mumbai. MGS 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, Trade Finance etc. to MUFG Bank offices globally. With a current headcount of over 1000 employees, MGS India has plans to significantly ramp-up its growth over the next 18-24 months while servicing MUFGs global network across Americas, EMEA and Asia PacificAbout the Role:Position Title: GFCD ODC Operations Oversight and ExecutionCorporate Title:Vice PresidentReporting to:Director Global ODC Delivery ManagerLocation:Pune/ChennaiJob Profile:Purpose of Role:A BSA/AML expert with experience managing large scale banking operations in multiple regions, the incumbent is responsible for Operational aspects of the banks Global Financial Crimes activities covering AML (Transaction Monitoring) and Sanctions (Customer Screening and Transaction Screening) alerts investigations that have been outsourced to the banks 3rd party provider.Main Responsibilities:

Oversee compliance operations at outsourced delivery centres covering AML (Transaction Monitoring) and Sanctions (Customer Screening and Transaction Screening) alerts investigations for multiple countries/regions
Closely monitor and govern operations to ensure that the work product meets agreed KPI in terms of timely and quality
Support execution of globally consistent procedures and governance framework
Interaction with Internal Audit and Testing teams and provide timely response to RFIs and observations
Day-to-day operational support to the ODC team which requires liaison with branch and/or regional stakeholders in AML, Sanctions, DTO, Technology and global governance in addressing issues impacting operations and drive towards optimal solutions
Promptly address queries from branches and other regional compliance operations teams
Interact within wider FCC and other Business Units for the implementation of policies and procedures
Explore opportunities for operational efficiencies and support Management in capacity assessments
Provide oversight over metrics and management information generated for governance presentations and periodic dashboards.
Run country and regional governance calls and ensure actions are tracked to completion
Support rollouts of strategic technology implementations, and tools for automation
Proactive escalation of risks and issues and mitigation plans in a timely manner

Candidate Profile:Skills and knowledge:

Hands-on experience in managing large operations teams (150+) in either in captives or at outsourced (third party) delivery centres in Financial Crime investigations / KYC operations.
Sound knowledge of Industry KYC/CDD/Compliance/Anti Money Laundering/Sanctions. Industry related certification (e.g. CAMS or ICA Diploma) will be an added advantage
Good understanding of an effective financial crimes risk management framework
Being aware of regulatory changes and current events
Strong ability to communicate effectively at all levels of the organization including front office individuals, skilled at diplomatically breaking down barriers and obstacles.
Detailed oriented, analytical, inquisitive and apply sound judgements.
Knowledge of AML domain including KYC, Transactional monitoring, Sanctions compliance laws and regulations
Understanding of banking products and processes as they relate to sanctions controls
Excellent judgement and analytical skills
Excellent oral/ written communication skills
Attention to detail and process oriented
Strong analytical skills
Must be able to multi-task, adapt well to changing priorities, and effectively prioritize workflow to meet critical deadlines
Ability to work in a fast-paced, demanding, and changing environment; must work well under pressure

Education & Professional Qualifications:

Bachelor's degree or above in business, accounting, legal or related field

Experience:

Overall experience of 15+ years
10-12 years of AML and/or Sanctions is required including an understanding of wholesale & transaction banking businesses/products, infrastructure, applications

MUFG