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Head of Optimization and Model Risk Programs , Director
Mitsubishi UFJ Financial Group
Jersey City, NJ, United States
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Description
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world with total assets of over $2.4 trillion (as ranked by SNL Financial, April 2016) and 140,000 colleagues in nearly 50 countries. In the U.S., we’re 13,000 strong, working together to positively impact every customer, organization, and community we serve. We achieve this by delivering on our values, putting people first, fostering long-term relationships built on honesty and mutual understanding, and inspiring the best in each other. This is all part of our inclusive, high-performing culture supported by Total Rewards that include our cash balance pension plan. Join a team that’s working to fulfill its vision to be the world’s most trusted financial group.
Job Summary:
Reporting into the Head of Analytics and Informatics, Americas Financial Crimes Compliance (AFCC) of Global Financial Crimes Division (GFCD), this position is responsible for leading a team in managing key programs for Americas in (1) tuning and optimization of financial crimes related systems and tools and (2) model risk management. The responsible of managing the programs includes executing governance structure and change management covering AML and Sanctions as applicable.
Major Responsibilities:
• Manage tuning and optimization of Financial Crimes systems as applicable, including AML transaction monitoring systems, Sanctions filtering systems, and other model and non-model related tools.
• Manage model governance policy and procedures in adherence with regulatory guidelines and bank-wide model governance policy and procedures.
• Responsible for working with Americas Model Risk Management, AFCC model owners and stakeholders, and vendors.
• Manage a highly professional and technical staff, ensuring adequate technical training, performance appraisals, salary recommendations, promotions, terminations, and other administrative matters.
• Responsible for the execution and ongoing compliance for Americas with Global Transaction Monitoring and Suspicious Activity Report Standard and Global Correspondent Banking Standard for AML transaction monitoring.
• Serve as point of contact on internal audit and regulatory examination reviews.
• Work with AFCC senior management to formulate and implement strategic and tactical corrective action measures to address internal audit and regulatory findings.
• Build and maintain positive relations within AFCC, AI, IT Group, and business partners.
Qualifications
• Master’s degree in quantitative fields, such as economics, mathematics, statistics, and computer science/engineering or other relevant discipline.
• Minimum of 10 years in relevant work experience in BSA/AML/Sanctions compliance, including:
◦ Minimum of 5 years in managing or leading the development, implementation, and ongoing operations of BSA/AML tuning and optimization program.
◦ Minimum of 5 years in work experience related to model risk management.
• Experience interacting with Senior/Executive leadership, control function leadership, and compliance subject matter experts.
• Proven excellence in execution in complex and demanding situations.
• Collaborative with strong interpersonal communication skills.
• Systemic thinker across enterprise.
• Process oriented with a strong ability to develop appropriate program enhancing strategies.
• Detail-oriented and organized execution.
• Executive level presentation skills.
• An Enterprise Risk Management perspective.
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.
We are proud to be an Equal Opportunity/Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.
A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it’s the bank’s policy to only inquire into a candidate’s criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.