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Global Financial Crimes Compliance Testing Officer, Assistant Vice President

Company: MUFG Union Bank
Location: Irving
Posted on: November 19, 2021

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. Global Financial Crimes Compliance Testing Officer, Assistant Vice President Are you passionate about creating an exceptional client experience? 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. It's 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. "This is a hybrid position. You will work at an MUFG facility an average of one to three days per week, with the remainder being worked remotely. There are flexible work-from-home options available. A member of our recruitment team will discuss the options with you in more detail." Job Summary: Responsible for supporting the Global Financial Crimes Compliance Testing ("GFCCT") function in performing deep dives and targeted risk-based thematic reviews of financial crimes compliance (AML, Sanctions, ABC) processes globally with an emphasis on the design and effectiveness of measures (controls) taken to monitor and mitigate financial crimes risk. Major Responsibilities:

  • Assist in conducting and supporting financial crimes compliance reviews for MUFG branches globally, that evaluate the effectiveness of existing financial crimes compliance as well as the design and implementation of relevant controls, such as escalation processes, documentation of policies and procedures, reporting, list screening, regulatory change management, governance framework, and training.
  • Assist in developing test plans, scripts, procedures, and sampling methodologies that incorporate regulatory expectations, industry developments and lessons learned from regulatory finding and internally identify issues by compliance testing and internal audit
  • Assist in implementation of a coordinated, consistent and risk-based AML, Sanctions and ABC testing program
  • Assist in developing and maintaining quality control processes to drive adherence to Global Testing Standards
  • Assist in the drive of central coordination, governance, and reporting, leveraging regional structures and best practices
  • Assist in preparing/reviewing reports summarizing the objectives, scope, findings and conclusions of completed testing
  • Assist in the validation of Management Action Plans designed to address remediation efforts and testing review findings
  • Assist in the coordination with Issues Management for monitoring and tracking resolution of financial crimes testing findings
  • Monitor developments, such as changes in the regulatory environment, which may necessitate ad hoc testing
  • Support general compliance activities and other duties, including special projects as assigned Qualifications Qualifications: The right candidate will have:
    • 5+ years of experience within the financial crimes compliance area of a global bank, consulting firm or regulatory agency.--
    • Experience with performing compliance testing, quality control/assurance processes or internal/external audits preferred.--
    • Knowledge of financial crimes compliance laws and regulations.
    • Excellent judgment and analytical skills.
    • Experience working with compliance testing scripts and with performing testing reviews or audits preferred.--
    • Strong written and verbal communication skills.
    • BA/BS Degree required; CPA, and/or CAMS a plus
    • Some travel may be required, domestic and international.-- 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. Related terms: AML, BSA, financial crimes, audit, internal audit, external audit, QA, QC, quality assurance, quality control, OFAC, sanctions, advisory, compliance review, risk ated searches: AML Auditor, Financial Crimes Auditor, Sanctions, OFAC, Audit, Financial Crimes Compliance, Compliance Testing, Quality Control, Quality Review, Quality Assurance,-- 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 . 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 , Global Financial Crimes Compliance Testing Officer, Assistant Vice President, Executive , Irving, Texas

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