Americas Financial Crimes Associate, Assistant Vice President
Company: MUFG Union Bank
Location: Irving
Posted on: February 23, 2021
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Job Description:
MUFG is committed to the safety and well-being of our
colleagues, clients, candidates, and the community as we manage the
current COVID-19 pandemic. During this time, as we continue to
recruit and hire exceptional talent to join our team, we are taking
the necessary precautions to limit in-person contact, aligned with
Federal, State, and local health recommendations and requirements.
All interviews are being conducted remotely via Skype, FaceTime, or
phone. Additionally, we have implemented remote on-boarding for new
colleagues, as appropriate. Thank you for your interest in
exploring career opportunities with MUFG. Do you want your voice
heard and your actions to count? Discover your opportunity with
Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial
group in the world (as ranked by S&P Global, April 2020).In the
Americas, we're 13,000 colleagues, striving to make a difference
for every client, organization, and community we serve. We stand
for our values, developing positive relationships built on
integrity and respect. Its part of our culture to put people first,
listen to new and diverse ideas and collaborate toward greater
innovation, speed and agility. We're a team that accepts
responsibility for the future by asking the tough questions and
owning the solutions. Join MUFG and be empowered to make your voice
heard and your actions count. Job Summary:
This is new position has been created for the purpose of
establishing Americas Operations Intelligence & Analytics
capabilities for BTMU.
One of several key positions in the new Americas Financial Crimes
Division Operations function, this position will be responsible for
(1) threshold tuning, (2) optimization of rules tuning and existing
filter platform to improve effectiveness and efficiency, (3) create
and execute test cases and scripts for testing of changes and
releases (4) create tailor business rules to reduce hit rate,
prepare tuning data, reviewing hit reduction strategies (5)
identify and mitigate sanctions risks through periodic risk
assessment on algorithms and rules. The incumbent is responsible
for supporting leadership to ensure a globally consistent effort
that enables continuing improvement to the sanctions screening
capabilities and further mitigate potential financial crime. Major
Responsibilities:
--- In connection with the Americas Financial Crimes program -
--- Ability to independently manage, organize, and prioritize
multiple tasks, projects and responsibilities
--- Create and execute test cases and scripts for testing of
changes and releases
--- Create tailored business rules to reduce hit rate, prepare
tuning data, reviewing hit reduction strategies
--- Plan, design, develop/implement code/configuration for
Sanctions screening application;
--- Identify and mitigate sanctions risks through periodic risk
assessment on algorithms and rules;
---Perform data analysis to determine and verify business
requirements/issues specification, flows and deliverables for
projects;
--- Produce meaningful reports from output of Sanctions screening
for reporting to senior management
--- Create statistical representative samples for ATL/BTL testing
in order to validate that the sanctions screening model is
effective and functioning accordingly.
--- Process large amount of data for statistical modeling and
graphic analysis.
--- Develop and test experimental designs, sampling techniques, and
analytical methods in order to monitor new typologies and emerging
risks.
--- Develop data mining methodologies, including logistic
regression, random forest, xgboost and Bayesian networks
--- Help develop of models involving tuning, calibration,
segmentation and optimization.
--- Support the development of policies and procedures for
sanctions screening life cycle.
--- Coordinate with Global and regional Intelligence & Analytics
teams to implement on the global model.
--- Work collaboratively across functional teams within GFCD and
region to ensure effective and efficient operations with clearly
defined roles and responsibilities.
Qualifications:
--- Knowledge of Sanction Screening Optimization and Tuning.
--- Knowledge of mathematics particularly statistics.
--- Ability to code using R or Python for customer segmentation and
data analytics.
--- Ability to solve problems through mathematical and deductive
reasoning.
--- 3-5 years' experience designing, analyzing, testing and/or
validating BSA/AML models, and/or OFAC sanctions screening
models.
--- Familiarity implementing, testing or evaluating performance of
financial crime and compliance systems.
--- Proven track record of strong quantitative testing and
statistical analysis techniques as it pertains to BSA/AML models,
including name similarity matching, classification accuracy
testing, unsupervised/supervised machine learning, neural networks,
fuzzy logic matching, decision trees, etc.
--- Familiarity of current compliance rules and regulations of the
FRB, SEC, OCC, FATF, FinCEN, OFAC, and familiarity with USA PATRIOT
Act, BSA/AML and OFAC screening regulations.
--- Prior experience designing compliance program tuning and
configuration methodologies, including what-if detection scenario
analytics, excess over threshold, and sampling above/below-the-line
(ATL/BTL) testing.
--- Working knowledge of one or more of the following programming
platforms: SAS, Matlab, R, Python, SQL, VBA, etc.
--- Familiarity with vendor models like Hotscan, Actimize SAM/WLF,
SearchSpace, RDC, Bridger Insight, ACE Pelican, TCH OFAC Screening
(EPN), FICO Credit/Debit, Guardian Analytics, and ThreatMetrix.
--- Strong knowledge about model risk management and associated
regulatory requirements
--- Bachelor's degree in statistics, mathematics, quantitative
analysis, economics or related field is required. Advanced degree
preferred.
--- Experience interacting with the Executive Committee 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 coupled with a strong ability to develop
appropriate program enhancing strategies
--- Detail-oriented and organized execution
--- Executive level presentation skills
--- An Enterprise Risk Management perspective
Additional skills
--- Experience interfacing with banking regulators and enforcement
staff
--- Thorough understanding of an effective financial crimes risk
management framework
--- Demonstrated ability to manage multiple projects
simultaneously
--- The ability to interact effectively at all levels of the
organization, including Bank staff, management, directors and
prudential regulators
--- Ability to work autonomously and initiate and prioritize own
work
--- Ability to work with teams of project managers
--- 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
--- Ability to prepare analytical reports and visual representation
of information.
--- Ability to apply mathematical principles or statistical
approaches where needed to solve problems. Education
Bachelor's Degree from a four year college or university
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.
We are committed to ensuring that our online application process
provides an equal employment opportunity to all applicants,
including individuals with disabilities. If you are an applicant
with a disability, or are assisting an applicant with a disability,
and require accessibility assistance or an accommodation to apply
for one of our jobs, please submit a request by telephone at
1-866-275-4717 or email us at AskHR@us.mufg.jp . Include your
contact information and specific details about your requested
accommodation. 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.
Keywords: MUFG Union Bank, Irving , Americas Financial Crimes Associate, Assistant Vice President, Executive , Irving, Texas
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