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Compliance Officer
Mitsubishi UFJ Financial Group
Walnut Creek, CA, 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:
The Commercial Lending (CL) Compliance Officer (CLCO) is responsible for ensuring that the Bank's Commercial Lending lines of business (which handles Middle and Business Banking, Commercial Credit Services and Real Estate Industries) develop, implement, and maintain business unit compliance programs in accordance with the Bank's Regulatory Compliance Policy and Program and with all applicable laws and regulations.
The CL Compliance Officer will manage and conduct the following compliance-related activities: Develop and maintain written policies, procedures, and processes; perform ongoing risk assessments; conduct periodic monitoring; oversee communication and training; drive compliance-related process change enhancements; and interface with senior management in the commercial lending division, as well as members of other Bank’s risk management functions.
Major Responsibilities:
• Maintain close and effective relationships with management teams and serve as a trusted adviser to those teams as to compliance and regulatory matters.
• Act as the primary liaison between the Americas Compliance Division (ACoD) and the Bank's Commercial Lending units, including in respect of BSA, privacy, testing and monitoring functions, and regulatory change management.
• Manage the establishment and ongoing maintenance of a focused CL regulatory compliance risk management program, in accordance with Bank policy.
• Develop and/or enhance and document CL compliance-related policies, procedures, processes, and internal controls.
• Ensure that CL compliance-related policies, procedures, internal controls, and systems are fully established, operating, monitored and tested, as well as updated to comply with emerging regulatory requirements and expectations.
• Implement internal quality control processes, testing, and reporting designed to address CL compliance-related risks.
• Maintain a current awareness of the regulatory environment and a working knowledge of State and Federal laws and regulations.
• Identify specific CL compliance-related training and communication needs and ensure established training goals are met.
• Participate in the development of new CL products, services, policies or procedures to ensure proper consideration of regulatory compliance issues.
• Keep CL Management informed of pertinent compliance-related information. Research compliance issues and problems and provide interpretations and clarifications.
• Coordinate regulatory examinations within CL lines of business and serve as a liaison with regulatory staff.
• Coordinate remedial measures in response to issues raised in compliance examinations, audits, and quality control testing in CL lines of business
Qualifications
Additional Information:
• 5+ years of corporate banking compliance, audit, risk management or legal experience in the corporate/wholesale banking or financial services industry.
• Strong knowledge of State and Federal laws and regulations related to CL lines of business, including ECOA/Reg B, FCRA, Fair Housing Act, Flood Insurance, Appraisal regulations, Regulation O, Antitying, Lending Limit, Insider Trading, Regulation W, and other applicable OCC and Federal Reserve regulations and authority.
• Strong product knowledge regarding commercial loan origination, syndication, distribution and enforcement matters, as well as loan sales, letter of credit facilities, tax exempt bond financings, swaps and derivatives; experience handling issues relating to material non-public information (MNPI), conflicts and multiple role issues.
• Strong knowledge of compliance requirements for commercial banking operations.
• Experience interfacing with banking and securities regulators.
• Demonstrated ability to manage multiple tasks and strong project management skills.
• Proven managerial skills necessary to successfully administer a compliance program within a diverse organization and effectively coordinate between multiple business units.
• Well developed oral and written communication skills.
• Interpersonal skills necessary to interact effectively at all levels of the organization, including Bank staff, management, directors, and regulatory examiners.
• Adept at reading and interpreting information written in highly technical and legalistic format.
• Ability to work autonomously and initiate/prioritize own work.
• Solid judgment, strong negotiating skills, and a practical approach to implementation - including knowledge of Bank systems.
• Ability to balance regulatory requirements with the best interests of the Bank and its customers.
• College degree required.
• JD, MBA and/or CRCM highly desirable.
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.