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Quality Control Analyst
Mitsubishi UFJ Financial Group
Tempe, AZ, 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 to the Quality Control Manager/Team Leader. Responsible for performing a quality control review of the analysis conducted by AML Operations and/or Corporate Security & Investigations of possible suspicious activity to ensure compliance with the Bank Secrecy Act and the USA Patriot Act. The objectives of these reviews include: ensuring transaction monitoring system alerts/incidents are properly dispositioned and appropriately documented; ensuring the investigation is completed in accordance with bank standards and regulatory guidelines; ensuring the decision to file a Suspicious Activity Report (SAR) is sound and supported with appropriate documentation; and ensuring SARs are completed in accordance with regulatory guidelines. Reviews cases of varying complexity, requiring a level of experience needed to effectively assess transactions and customer relationships. Reviews may include increasingly complex reviews. This position is typically expected to work a very large number of reviews with little oversight and only minor corrections from supervisory reviews.
Major Responsibilities:
(80%) Perform quality control reviews of alert and case reviews conducted by AML Operations and Corporate Security and Investigations to determine if the review and research were conducted in accordance with the quality standards and timeframes set for within established procedures, bank policy and regulatory requirements. Ensures alert and case determinations are appropriate, fully supported, and clearly documented. Document each review by thoroughly completing a QC Checklist. Demonstrate a detailed understanding of the various computer systems used for performing and documenting the investigations (ACM, FCA, Actimize). Communicate concerns with the Investigator and the Team Lead.
(10%) Maintains effective working relationships with key business partners. Maintains the ability to provide good customer service. Requires close working relationships with Financial Crimes Compliance business partners.
(5%) Stay abreast of developments concerning BSA/AML/Sanctions, fraud schemes, and sanctions.
(5%) Other duties as assigned.
Qualifications
• Minimum of 3 to 5 years direct work experience in AML risk analysis or equivalent with related experience in other areas of banking and preferably in the financial services industry.
• Excellent organizational, verbal, written, and interpersonal skills are required.
• 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.
• Excellent analytical skills required.
• Strong working knowledge of AML/BSA laws and regulations relative to money laundering and terrorist financing and the ability to apply this knowledge in assessing transaction activity; knowledge of monitoring of high risk customer accounts is preferred.
• The ability and willingness to work independently is required.
• Typically requires a Bachelor’s Degree, and CAMS certification is preferred.
• Must attend and complete Bank-sponsored job related training.
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.