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AML Investigator I (Foreign Correspondent Banking)
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 (as ranked by S&P Global, April 2018) with total assets of over $2.9 trillion (106.2 (JPY) as of March 30, 2018) and 150,000 colleagues in more than 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:
Position reports to a Financial Intelligence Unit (FIU) Team Leader in AML Operations.
Responsible for performing independent reviews and analysis of possible suspicious activity to ensure compliance with the Bank Secrecy Act and the USA Patriot Act. Provides research and evaluation of anti-money laundering (AML) alerts and cases and accurately and sufficiently documents analysis and findings in the MUFG Union Bank or MUFG Bank case management systems. Additionally, may complete defined tasks to support the creation of Suspicious Activity Reports (SAR) and other relevant documentation related to non-SAR filing decisions. Direct responsibility for quality and integrity of research and analysis completed and documented in SAR forms or within various database. Recommends course of action for most events, but may seek guidance from a manager or higher level investigator when analysis identifies unusual or uncommon situations.
Reviews less complex and risky client situations and provides findings to management to evaluate potential risk to the Bank. This position typically serves as an entry level AML Investigator.
Major Responsibilities:
80% Performs AML alert and case review including research to determine whether suspicious activity exists. Works within established FIU performance timeframes and in accordance with quality standards set forth within the FIU procedures. Researches and evaluates AML risks for alerts and cases involving transactions sourced to the automated AML detection and alerting system. Ensures alert and case determinations are appropriate, fully supported, and clearly documented.
10% Maintains effective working relationships with key business partners to obtain and validate client information. Maintains the ability to provide good customer service. Requires close working relationships with Americas Financial Crimes Compliance business partners.
10% Department support, as assigned.
Qualifications
Additional Information:
• Minimum of 2 to 3 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.
• Experience reviewing and analyzing foreign and domestic correspondent banking transaction activity highly desirable.
• Strong understanding of domestic and international wire transfers desirable.
• Good 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.
• Good analytical skills required.
• Basic 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.
• Knowledge of AML “red flags”, particularly with respect to wire transfers and correspondent banking is desirable.
• CAMS certification is desirable.
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The above statements are intended to describe the general nature and level of the 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.