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Wires Risk Management Analyst
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 (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.
Wires Risk Management Analyst
Job Summary
Responsible for completing all the daily activities relating to: HotScan, OFAC, Japanese Foreign Exchange Law (JMOF), BSA/AML, and various other Compliance related matters as they pertain to the business conducted by the Money Transfer Group across multiple operational shifts (starting at 9:00 PM on the day prior to the next business day, and ending when the FED system closes or department’s job processes finish, normally at 6:45 PM), Database Maintenance (Parties and Account records which reside on GPP, and SWIFT, NATS & FED weekly updates), Management Reporting functions.
Responsibilities
• Monitor and process all manual review transactions on HotScan, based on the level of system access, ensuring that: (a) such transactions are executed within prescribed time frames, (b) identified irregularities are reported to Compliance for their review and approval, per established procedures and c) no transaction is processed without proper authorization.
• Monitor changes to any Compliance, Legal or Trade related programs such as OFAC, JMOF, BSA/AML, etc. and any system related issues/concerns; maintain the HotScan databases, making changes to reflect program changes.
• Educate staff with all HotScan/Compliance related changes and enhancements. Modify workflow procedures as necessary.
• Continually analyze the HotScan software, identifying any weakness, and recommend any enhancements to improve the system performance and accuracy.
• Participate in testing recommended enhancements from the time that the enhancements are received through system implementation.
• Monitor and process all manual review transactions during off hours including (but not limited to): holidays.
• Open and maintain OFAC/Compliance cases on the IntelliTRACS, based on the level of system access, ensuring that all information is accurately recorded, facilitating management review and approval. This includes RFI’s (Requests for Information) cases.
• Monitor open and pending queues for OFAC/Compliance cases, and process the assigned cases in accordance with established procedures. Ensure cases are thoroughly documented and properly filed, facilitating management review and approval.
• Maintain a comprehensive filing system for all HotScan transactions, ensuring that all transactions that are referred to the Compliance department contain complete documentation with all related information and correspondence.
• Review, Monitor and distribute all e-mails in the MTD Risk Management Unit Mailbox
• Review Daily IntelliTRACS Investigation Open/Pending Cases.
• Maintain the HotScan monthly statistics, ensuring that all information provided is accurate and properly reflects the department’s production.
• Pre Prepare Daily Risk Management Work Control Checklist.
• Prepare monthly HotScan statistics report
• Prepare RMU Transfer Pricing report
Qualifications
• Thorough understanding of OFAC, JMOF, BSA/AML and other Compliance rules as they apply to the movement of funds and all banking related instruments.
• Complete understanding of payment formatting, including SWIFT, CHIPS, Fedwire, and foreign exchange principles.
• 3 to 5 years experience in all Money Transfer functions.
• Proficient in selected PC Applications.
• Good oral and written communication skills.
• Ability to effectively manage multiple job duties.
• Flexibility with hours as process must be covered at all times.
• Higher education preferred with banking and financial background.
• Operations back office industry experience required.
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.