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    Analyst - FI EDD Specialist NBCCQ or FCCQ - Bengaluru, India - MUFG Global Service (MGS)

    MUFG Global Service (MGS)
    MUFG Global Service (MGS) Bengaluru, India

    15 hours ago

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    Description

    About Us

    Discover MUFG Bank, Ltd., the top bank in Japan, with a vast global presence reaching over 40 markets. Beyond Japan, our bank offers a wide range of commercial and investment banking solutions to businesses, governments, and individuals worldwide. As part of the Mitsubishi UFJ Financial Group, Inc. (MUFG), one of the leading global financial groups, we bring over 360 years of history and employ about 120,000 professionals. Our services span commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.

    Our goal is to become the most trusted financial group globally, promoting collaboration across our entities to meet all customer financial needs, contribute to society, and foster sustainable growth for a better world. MUFG's shares are traded on the Tokyo, Nagoya, and New York stock exchanges.

    For more information, visit MUFG Global Service Private Limited.

    Established in 2020, MUFG Global Service Private Limited (MGS) is a 100% subsidiary of MUFG based in Bengaluru and Mumbai. MGS India serves as a Global Capability Centre / Centre of Excellence, offering support services in various functions such as IT, KYC/AML, Credit, Operations, to MUFG Bank's global offices. With plans for substantial growth over the next 18-24 months, MGS India is set to expand its services to MUFG's global network covering Americas, EMEA, and Asia Pacific.

    About the Role

    Position Title: Global FI EDD Operations

    Corporate Title: Analyst

    Reporting to: VP - Global FI EDD, MGS

    Location: Bengaluru

    Job Profile

    Roles & Responsibilities

    • Review and ensure the appropriateness of EDD documentation.
    • Assess FFIs AML programs, leveraging the Wolfsberg CBDDQ responses.
    • Analyze transactional data to identify any red flags or inconsistencies within a specified timeframe.
    • Conduct screenings following Bank policies and escalate genuine hits to Adverse Findings.
    • Identify and escalate red flags using sound judgment.
    • Synthesize information from various sources to provide clear evaluations and recommended actions.
    • Create detailed client narratives.
    • Prepare a list of Proposed Questions for AML Advisory in readiness for customer interactions.
    • Perform additional due diligence based on outcomes of Site Visits/Calls as necessary.

    In addition to daily operations, ad-hoc projects will be regularly assigned.

    Job Requirements

    Work Experience

    • 2 to 4 years of experience in AML Compliance & KYC, ideally in the financial services sector, conducting EDD for foreign financial institutions.

    Skills and experience

    • Experience in reviewing comprehensive documents, including complex ownership structures and Wolfsberg Questionnaires (CBDDQ, FCCQ, and AML programs of FI clients).
    • Strong knowledge of AML/Sanctions laws and regulations related to money laundering and terrorist financing, applying this knowledge in assessing transaction activity and customer profiles.
    • Essential organizational, communication (especially in writing), interpersonal, and analytical skills are necessary. Ability to multitask, adapt to changing priorities, and prioritize workflow effectively to meet deadlines.
    • Must possess critical thinking and problem-solving skills.
    • Ability to thrive in a fast-paced, high-pressure environment and work well under stress.
    • Capable of working independently and collaboratively within a team.
    • Establish and maintain effective working relationships with key business partners.
    • Familiarity with Actimize and other financial crime, risk, and compliance applications is beneficial.
    • Proficiency in internet research, utilization of third-party tools, and strong Microsoft Excel skills.

    Education & Professional Qualifications

    • Bachelor's Degree, with AML-related certifications preferred, or equivalent work experience.

    Equal Opportunity Employer

    The MUFG Group is dedicated to offering equal job opportunities to all applicants and employees, regardless of various factors like race, color, national origin, religion, gender identity, age, marital status, disability, sexual orientation, genetic information, or any other protected status by the laws in place.