Analyst, KYC Renewals (Bank)

MUFG; London; On-site; GBP 35,000 - 50,000; Full time

Job summary

Join MUFG as an Analyst for KYC Renewals in London, a role integral to ensuring compliance within the Banking and Securities divisions. You will be responsible for Customer Due Diligence and regulatory assessments, collaborating with stakeholders to improve onboarding services and manage risks effectively. This position offers a pathway to a rewarding career with a leading financial services group, emphasizing integrity and shared growth.

Qualifications

• Experience in Anti-Money Laundering and Fraud roles.
• Knowledge of UK & European AML regulations.
• Ability to communicate effectively with stakeholders.

Responsibilities

• Conduct Customer Due Diligence for existing customers.
• Ensure compliance with AML policies and regulatory requirements.
• Act as Subject Matter Expert for AML queries.

Skills

Attention to Detail

Communication Skills

Problem Solving Skills

Numerical Skills

Education

Qualifications in Anti Money Laundering or Financial Crime

Tools

Microsoft Office

Job description

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Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 120,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.

Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.

MUFG (Mitsubishi UFJ Financial Group) is one of the world's leading financial groups. Headquartered in Tokyo and with approximately 350 years of history, MUFG is a global network with around 2,300 offices in over 50 countries including the Americas, Europe, the Middle East and Africa, Asia and Oceania, and East Asia.. The group has over 150,000 employees, offering services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.

As one of the top financial groups globally with a vison to be the world's most trusted, we want to attract, nurture and retain the most talented individuals in the market. The size and range of MUFG's global business creates opportunities for our employees to stretch themselves and reap the rewards, whilst our common values, to behave with integrity and responsibility, and to build a culture which is fair, transparent, and honest, underpin everything that we do.We aim to be the financial partner of choice for our clients, whatever their requirements, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

MUFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: MTU) stock exchanges. The group’s operating companies include, but are not limited to, Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ Trust and Banking (Japan's leading trust bank), Mitsubishi UFJ Securities Holdings (one of Japan's largest securities firms), and MUFG Americas Holdings.

Please visit our website for more information - mufgemea.com.

The Client On-Boarding team is part of the Client Management Services, which is situated within the Corporate and Investment Banking Division of MUFG Bank. However, this function acts as a centralized 1st line support team, providing support to Investment Banking and Corporate Banking in EMEA, Capital Markets and MUFG Securities both in London and in Amsterdam.

MAIN PURPOSE OF THE ROLE

This individual will be responsible for the management of all KYC related tasks for given areas across MUFGs Banking arm and Securities business (where necessary) for existing business relationships. This includes; Customer Due Diligence, Screening (Bribery, Corruption, Adverse Media & sanctions), regulatory classification and suitability assessments. The individual will be required to support both the direct line management and the wider team as required.

This role will be primarily focused on Corporates, Financial Institutions and Non-Banking Financial Institutions, experience and subject matter knowledge in this area is therefore essential.

A key aspect to this role is the effective capacity management, stakeholder management, and a drive to improve the on-boarding service provided to the customer and the business.

KEY RESPONSIBILITIES

In this role, you will be responsible for KYC across MUFG’s banking arm and securities business under a dual-hat arrangement. Under this arrangement, you will act and make decisions on behalf of both the bank and the securities business, subject to the same remit and level of authority and irrespective of the entity which employs you.

• Ensure that thorough Customer Due Diligence is conducted effectively, for existing customers to ensure that all applicable “Know your Customer” requirements have been met prior to the commencement of any business relationship, to ensure that the business is fully compliant with the Bank’s AML policy and all applicable regulatory requirements. This includes understanding the needs of the business (i.e. timings, volumes) and the application of appropriate AML controls.
• Ensure that “Know you Customer” due diligence reviews are completed within the prescribed review cycle in order to comply with the Bank’s AML policy and all applicable regulatory requirements. This includes the assignment and forecasting of volumes for the given areas.
• Complete relevant Bribery and Corruption checks for prospective transactions in order to identify potential reputational, business and sanction risks, to ensure that when the business presents to senior management and credit for initial approval a full account of any risk is clearly detailed and defined for consideration.
• Conduct and maintain accurate records of customer categorisation and suitability assessments on all customers, to ensure that the products/services that we are providing to the customer are suitable, appropriate and in line with the requirements of MiFiD, EMIR and the Dodd Frank Act.
• Pursue Lean KYC tasks; actively seek out opportunities to improve the KYC reviews process; including the strengthening and implementation of controls and improving efficiency. In addition the individual will be responsible for ensuring that all related team procedures, processes and related material are kept up to date.
• Act as a Subject Matter Expert within the Corporate and Investment Banking Divisions in relation to all AML aspects, assisting on ad-hoc queries where required. In addition the individual will be required to represents the team and potentially the division/bank to key stakeholders on these matters.
• Keep abreast of developments in current trends and progress on money laundering, bribery and corruption and it prevention.
  
  

WORK EXPERIENCE

Essential:

• Experience in Anti Money Laundering, fraud and bribery or Financial Crime roles
• Experience with Financial Institutions and Non-Banking Financial Institutions (including insurance companies, Funds, Brokers).
  
  

SKILLS AND EXPERIENCE

Functional / Technical Competencies

Essential

• Awareness of UK & European Anti-Money Laundering regulations
• Knowledge of various corporate structures, specifically Financial Institutions and Non-Banking Financial Institutions.
• Able to communicate effectively to key stakeholders at all levels
• Excellent attention to detail
• Ability to effectively utilise Microsoft Office (particularly word & excel)
  
  

Essential

Education / Qualifications

• Relevant qualifications in Anti Money Laundering, fraud and bribery or Financial Crime roles would be highly beneficial
  
  

Desirable

• Languages skills are not mandatory but would be beneficial as this role covers EMEA clients
  
  

PERSONAL REQUIREMENTS

• Excellent communication skills
• Results driven, with a strong sense of accountability
• A proactive, motivated approach.
• The ability to operate with urgency and prioritise work accordingly
• Strong decision making skills, the ability to demonstrate sound judgement
• A structured and logical approach to work
• Strong problem solving skills
• A creative and innovative approach to work
• Excellent interpersonal skills
• The ability to manage large workloads and tight deadlines
• Excellent attention to detail and accuracy
• A calm approach, with the ability to perform well in a high pressure environment
• Strong numerical skills
• Excellent Microsoft Office skills
• A confident approach, with the ability to provide clear direction to more junior members of the team
• A strategic approach, with the ability to lead and motivate more junior members of the team
  
  

We are open to considering flexible working requests in line with organisational requirements.

MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued, respected and their opinions count. We support the principles of equality, diversity and inclusion in recruitment and employment, and oppose all forms of discrimination on the grounds of age, sex, gender, sexual orientation, disability, pregnancy and maternity, race, gender reassignment, religion or belief and marriage or civil partnership.

We make our recruitment decisions in a non-discriminatory manner in accordance with our commitment to identifying the right skills for the right role and our obligations under the law.

Seniority level

• Seniority level

  Entry level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Financial Services and Banking

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