Analyst-KYC- Process Standardization

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About the Role:

Position Title: : Analyst-Process Standardization    

Corporate Title: Analyst

Reporting to:  Assistant Vice President: Policy Augmentation Lead

Location:  Bengaluru                                   

Job Profile

Position details:

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The person will be responsible for supporting policy and procedural changes across the Global KYC space. The job entails, creating, maintaining, and enhancing communication on the changes the different Lines of Defense would bring in to mitigate risk from a Financial Crime perspective. The person will also be responsible to Training, Assess and accredit new and existing staff. 

This role will be reporting to the AVP Policy Augmentation team within the Global KYC function. In addition, this area will provide key support, both onshore & off-shore KYC team but not limited to; addressing policy related clarifications, driving quality improvement initiatives, developing and delivering all the Policy related documents.

Key stakeholders in this role are; Operational KYC countries and their leads, regional QC/QA, Financial Crime (2nd line of Defense), Senior management, and all Audit functions. The individual will be a key Subject Matter Expert in Financial Crime Policy Training, supporting the Head of QA in coaching and developing KYC Analysts, QC Teams, SMEs to ensure the highest standards are maintained, processes are as efficient as possible and management information is effective. Driving forward, influencing change, recording changes., is therefore essential in this role.

Roles and Responsibilities

In this role, you will be responsible for all aspects of financial crime Policy and procedural Implementation across MGS Business under Global KYC. Creating, maintaining and enhancing the Financial Crime HUB framework, with particular focus on recognizing and managing financial crime risks, including those associated with high-risk customers, products, services, transactions or delivery channels. 

• Assist in creation of communication/ huddles / coaching / training materials that are aligned to Global and Regional Operating Manuals, policies, procedures and standards, and meet all applicable legal and regulatory requirements.
• Help Monitoring regulatory developments, such as changes in the regulatory environment, which may impact the 1st Line of Defense function, and gearing up the teams to onboard the knowledge and deliver on job.
• Participate in Collaboration with 2LODs, to ensure the Communication / Training packs designed are aligned to KYC Operating Manuals, Procedures and Standards and internal processes.
• Assist in delivering  robust & effective training programs to the target audience within wider GKYC teams. Take regular inputs from Quality Assurance & Quality Control MI decks, KYC Quality Forum to identify and analyse knowledge gaps. Create focused training programs to help and address material and nonmaterial variances. Suggesting action plans, if any, resulting from internal and external KYC audits.
• Providing SME support and guidance to all members of GKYC functions, assisting in their overall development and growth by reiterating the importance of adherence to KYC policy within the trainings and enable enhancements in quality scores. 
• Keep abreast of developments in current trends and progress on money laundering, bribery and corruption and its prevention.
• Deputizing for the Head of SME where required, on all 1st Line of Defense Training, Topics, Knowledge gaps, error trends, & MI related aspects.
• Serve as Subject Matter Expert (SME) in shaping challenge the conventional ways of working and drive change to improve process efficiency and effectiveness across GKYC regions. Actively participate in domain/project requirement meetings; contribute to influence design and functional requirements; challenge stakeholders to ensure decisions are well thought out and meet business needs which can be executed with operational pragmatism.

Job Requirements:

• Assist the PAT Lead on compliance, operational risk controls in accordance with MUFG and regulatory standards and policies
• Be able to take ownership of CDD/KYC/AML controls and risk management, reviewing appropriate controls and checkpoints, periodical reviews of controls to address gaps in processes and assist in removal of inefficiencies to benefit the business and our customers
• Be able to build relationships and partner with first line & second line of defense teams to ensure all client KYC records are compliant with regulatory standards with high quality.
• Excellent understanding of KYC, financial regulatory environment, and AML risk implications (E).
• 3 – 5 years of experience in KYC process& Anti Money Laundering with proficiency in various Entity types (E).
• primary focus on risk-based approach is preferred (D).
• Sound knowledge of financial regulatory requirements (E).
• Excellent analytical skills, with the aptitude of independently performing complex or varied tasks, such as coordinating and analyzing large amounts of multifaceted data (E)
• Ability to interpret complex changes in regulatory guidelines and assess impact(E).
• Experience in drafting KYC policy & procedures for Corporates & Financial Institutions.
• Experience in project management and has been involved in building a new function/team (D)
• Excellent verbal and written communication skills, especially in writing operating manual, Job aid, policies and Procedure (E).
• Team player and ability to manage people and performance (E).
• Knowledge of a wide variety financial crimes laws and regulations (E).
• Ability to work well under pressure with high degree of accuracy (E).
• Good understanding of MS office and proven skills in banking platforms(D).
• Ability to work independently with minimum supervision
• Excellent Verbal & written communication skill
• Previous experience of drafting policy and Procedure would be an added advantage

What Additional skills are required:

• Minimum Qualification: Graduation in Commerce/Finance or equivalent would be essential (10+2+3) (E)
• Flexibility to work in different shift timings (E)
• Additional certification: ACAMS, ICA or any other Financial Crime Certifications (D)

Mitsubishi UFJ Financial Group (MUFG) is an equal opportunity employer. We view our employees as our key assets as they are fundamental to our long-term growth and success. MUFG is committed to hiring based on merit and organsational fit, regardless of race, religion or gender.